Financial Stock Picks: Bank Of America, PNC Bank, Citigroup
b'Higher interest rates provide strong tailwind for net interest margins, says Stephen Biggar. His stock picks include Bank of America (BAC), PNC Bank (PNC), Keycorp (KEY), and US Bank (USB) to name a few. Recession fears have overwhelmed sentiment, he adds. The banks look cheaper and more attractive, and are pricing in a higher probability of a recession, explains Eric Compton of Morningstar. Eric likes the stock of Citigroup (C) and sees it as a deep value play and says it is less sensitive to interest rates. Tune in for the full discussion with Nicole.'