Portales’s Peabody Sees 50% Stock Price Drop for Banks (Audio)
Charles Peabody, an analyst at Portales Partners LLC, says there is a fundamental shift taking place that will erode bank earnings and lead to a decline in share prices of "30 to 50 percent in the next 12 months." Peabody talks with Bloomberg's Tom Keene and Michael McKee on Bloomberg Radio's "Bloomberg Surveillance." They are joined by David Rosenberg of Gluskin Sheff.
Running time 12:30