regional-bank model less exposed when markets “turn sour.”
Regional banks like Fifth Third should hold up better than market-sensitive investors because they’re less tied to investment-market activity.
The case is that, when broad markets deteriorate, financial-advisor business tied to stock-picking gets shaken out. Regional banks emphasized here are positioned around deposits and loans rather than heavy investment-market involvement, reducing susceptibility to multi-year corrections.
"‘Virtual Guarantee’ This Sector ‘Will Crash And Burn’, Warns Fund Manager | Bill Smead"
