Gundlach Calls Financial Stocks Below Crisis Prices ‘Frightening’
- Deutsche Bank, `powerhouse' Credit Suisse cited as examples
- Manager runs top-rated DoubleLine Total Return Bond Fund
People walk by the New York Stock Exchange (NYSE) on January 15, 2016 in New York City.
Photographer: Spencer Platt/Getty ImagesThis article is for subscribers only.
DoubleLine Capital’s Jeffrey Gundlach said it’s “frightening” to see major financial stocks trading at prices below their financial crisis levels.
He cited Deutsche Bank AG and Credit Suisse Group AGas examples in a talk outlining bearish views at a conference in Beverly Hills, California, on Friday. Both banks fell this week to their lowest levels since the early 1990s in European trading.