Legg Mason’s Miller Says Bank Stocks to Rise on Housing
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Bill Miller, who beat the Standard & Poor’s 500 Index for a record 15 years before an ill-timed bet on financial stocks backfired, said banks will benefit from an improving housing market.
“Right now we think because housing has done so well, the next move there is in financials,” Legg Mason Inc.’s Miller said in a Bloomberg Television interview with Julie Hyman that aired today. “There’s a lot of attractiveness, especially with housing getting better.”