Star analyst touts three stocks

Some would argue that you'd be a fool to buy bank stocks these days, but then again Meredith Whitney is no fool and she recommends the preferred shares of JPMorgan Chase, Bank of America and Wells Fargo, reports Fortune. She's got a point. JPMorgan Chase and Wells Fargo especially have fared as well, as could be expected in the credit crunch. No one thinks they're about to tank. And yields are looking very good, having soared to the 8 or 9 percent level. Of course Warren Buffett got 10 percent on his Goldman Sachs preferred shares, but you're not him. But then again, yields could actually rise a bit more as the uncertainty continues.

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