Bruce Simon, Chief Investment Officer at Ballentine Partners, was quoted in a recent article in The Wall Street Journal: “Banks Climb But Stocks Flat”. The piece describes the recent strength of the financial sector and the appeal of stable divident-paying stocks in an uncertain economic climate.
“Their ability to make their stock more attractive, particularly to yield-oriented investors who have pretty much fled the banks in the last two years, sends a good message for the market in general,” said Bruce Simon, chief investment officer at Ballentine Partners.He added that his firm believes “the dividend-oriented stocks are the place to be in 2011, particularly with the new Congress and some debate about whether the tax increases that Obama had been planning for may now be off the table. For that reason and also for their general stability in a very uncertain economic environment, we think that this will increase the appeal.”
