There’s value emerging in the banks

Matt Haupt from Wilson Asset Management shares his view on the banks following the recent inquiry into the sector. Haupt says the only new information of any significance was with respect to how banks are setting interest rates. "The bank CEOs have performed very well in my opinion. They got grilled for over three hours but overall I think they came off very well." Haupt believes that the second half of this year could be a critical period for bank stocks and believes the capital implications of Basel 4 may not be as significant as many investors anticipate. "I think there could be some positive news around banks coming out... I think they could start to look like good value later this calendar year." Watch the full video for more detail and Haupt’s preferred picks in the sector.