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McGregor Staying Cautious With Banks

Although he notes the potential problems of investing in financial-services names, Oakmark's Clyde McGregor sees some mispricing in European banks.

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Shannon Zimmerman: A couple more questions about Oakmark Global. So Oakmark International is fairly significantly exposed to financials, European and otherwise. You own Credit Suisse, I believe, in Oakmark Equity and Income and in Global?

Clyde McGregor: Just in Global.

Shannon Zimmerman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.