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Benzinga
Benzinga
Business
Adam Eckert

Pete Najarian Prefers These Bank Stocks, Buys Calls

Pete Najarian CNBC NYSE BofA Wells Fargo

The Financial Select Sector SPDR Fund (NYSE:XLF) was featured as the call of the day Tuesday on CNBC's "Fast Money Halftime Report."

What Happened: BofA told clients to buy the financials in a new note on Tuesday. The analyst firm highlighted the correlation between the yield curve and bank earnings, which has dropped significantly since 2000.

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