CS Analyst: Bank of America And JP Morgan To Do Well (BAC, JPM)

Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.

In an interview with CNBC, Moshe Orenbuch, research analyst and managing director at Credit Suisse, said that major banking stocks are likely to show low to mid-double digit returns by 2011.

He added, “The credit card effects are something that will be felt for a couple of years, but the near-term is bolstered by the fact that there’s significant amounts of reserves, and they can grow through some of the issues.”

He also recommended Bank of America (NYSE: BAC) and JPMorgan (NYSE: JPM). He said that these stocks are attractive due to their strong reserves position.