In their bearish take on big banks, Nouriel Roubini and Meredith Whitney are overlooking the...

|By:, SA News Editor

In their bearish take on big banks, Nouriel Roubini and Meredith Whitney are overlooking the fact that bank stocks are still undervalued, Thomas Brown says. The stocks trade for 1.3 times book vs. a post-1993 average of 2; "If I’m right and earnings are continuing a recovery, then the valuations of these companies will continue to recover." (ETF: KBE)