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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
LARRY KUDLOW, CNBC ANCHOR: Now which banks stock should you be banking on right now? We`ve got Tom Brown, CEO and founder of Bankstocks.com.
Tom, it`s great to see you. I have noticed that we`ve had some pretty good earnings reports: J.P. Morgan Chase, Wachovia. And actually, bank stocks have picked up a little bit despite all the Fed interest rate pressures. You have a kind of overview thought on the bank stock area?
TOM BROWN, CEO & FOUNDER, BANKSTOCKS.COM: Sure. The banks have reported earnings that were better than the worst expectations that people had, I guess, is the best way to phrase it. So going into the quarter, most people were expecting more disappointments than positive surprises. And frankly, thus far, we`ve gotten just about as many positive surprises as we have disappointments.
KUDLOW: All right. So let me ask you another one. You and I like to talk about yield curve spreads, which has a lot...
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