Bond king Bill Gross said Friday he’s bought stock in four beaten-down regional banks as well as an exchange traded fund made up of banks, after a rough few weeks for the sector in the wake of the collapse of Silicon Valley Bank.
Gross is not currently in a legal position to recommend stocks since he’s no longer a fund manager officially, but he wrote in his latest Wall Street Playbill that he’s had a “long-term wish to own a bank.”
Now…
This post was originally published on Market Watch
