7 years ago
Bank execs sell nearly $100 million in stocks, analyst says follow their lead
Wall Street banking executives are benefiting from the financial sector's 16 percent rally following the presidential election but some strategists say the group has hit its peak. Charles Bobrinsky, vice chairman and head of investment group at Ariel Investments said he's become bearish on bank stocks and is selling his shares for the first time in six years. "It always makes you feel good when the executives are doing what you have been doing yourself," Bobrinskoy said on CNBC's "Closing Bell" Tuesday.
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