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AUDIO-O’Shaughnessy: financial stocks looking attractive again
Jim O’Shaughnessy, chairman and chief executive of O’Shaughnessy Asset Management in Stamford, Connecticut, said the sell-off in U.S. financial stocks may have run its course, and that the sector is “looking attractive again.”
The market has already seen large write-downs from financial companies, he said.
Also, he said investors always need to pay attention to valuation when picking stocks. “Valuation matters. It matters in any market environment,” he said.