$JMP Securities’ Trone Bearish on Major Bank Stocks

“The nation’s biggest bank stocks represent unattractive investments at this point, says David Trone, head of U.S. banks and brokers research at JMP Securities.

The debt crises in both the United States and Europe lead to that negative view.

“I don’t like the bulge bracket [big] banks at all, and it’s basically because I think the market is really highly underestimating these macro risks,” Trone tells CNBC.”

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