Global Banks: Resilience in the Face of Crisis


This Pzena Investment Management, LLC (“Pzena”) podcast is a historical recording and is intended solely for informational purposes. The views expressed reflect the views of Pzena Investment Management (“PIM”) as of the date recorded and are subject to change. Neither the speaker nor PIM undertake to advise you of any changes in the views expressed therein. There is no guarantee that any projection, forecast, or opinion in this material has been or will be realized. Past performance is not indicative of future results. All investments involve risk, including risk of total loss.

June 16, 2020

Against the volatile backdrop of today’s economic environment, bank stocks stand out. In our view, the banking system today can sustain a once-in-a-century level of loan losses without the risk of meaningful dilution to equity owners, and the opportunity lies in picking among solid franchises and taking advantage of fear surrounding this industry. Portfolio Manager John Flynn and Senior Research Analyst Eric Hagemann analyze today’s value opportunity in global banks.

Global Banks: Resilience in the Face of Crisis