Oakmark’s Herro Says Plunge in European Banks Isn’t Justified

  • Herro says a ‘value gap’ has opened up for many bank shares
  • Manager’s Oakmark fund trails 99% of peers this year

David Herro, chief investment officer of Harris Associates, said the decline in European bank stocks following the Brexit vote wasn’t justified by fundamentals.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.