Name: Tim Seymour: Banks should trade on a higher multiple with deregulation
Uploaded: 2026-01-12T19:38:28+00:00
Duration: 306 s

Speakers

Tim Seymour — Seymour Asset Management, Fast Money Trader

Summary

Tim Seymour of Seymour Asset Management discusses how to invest around President Trump's proposal to cap credit card interest rates at 10%. He sees the bank selloff as overdone, favors Citi and the broader banking sector on deregulation, is bullish gold and copper, and warns the cap would hurt buy now, pay later and deep subprime credit businesses.

Trump's proposed 10% credit card rate cap pressured credit card and fintech names, with Affirm notably lower.
Tim Seymour views the bank selloff as an overreaction and expects the banking sector to trade at a higher multiple in a deregulatory environment.
He is long Citi, citing cheap tangible book valuation and catalysts from a steeper yield curve, net interest income, and investment banking fees.
He is bullish gold, targeting $6,000 by 2028 on central bank diversification, weaker dollar, less Fed independence, and deficit concerns.
He is bullish copper and copper miners like Freeport-McMoRan and Southern Copper on data center/EV demand, grid buildout, and supply deficits.
He says a 10% rate cap would make many buy now, pay later and deep subprime credit businesses unprofitable.

Ideas

Tim Seymour Seymour Asset Management, Fast Money Trader 1:19

Banks deserve higher multiple on deregulation.

Tim Seymour argues the banking sector should trade at a higher multiple in a deregulatory environment, and he can own 14-15% EPS growth, which is the best in a while, with tailwinds. He sees the recent selloff in banks, especially money center banks after an extraordinary period, as an overreaction and expects upcoming reporting to support the group.

Tim Seymour Seymour Asset Management, Fast Money Trader 2:13

Buy Citi weakness on valuation, catalysts.

He likes Citi here and is long it, viewing weakness as a buying opportunity. Citi trades at only 1.3x tangible book versus JPM at 3.2x, and he cites a steeper yield curve, net interest income, investment banking fees, and an M&A bonanza as supports.

Tim Seymour Seymour Asset Management, Fast Money Trader 2:40

Rate cap hurts buy now, pay later.

Seymour says a 10% cap on credit card rates would make many buy now, pay later and deep subprime credit businesses unprofitable, and he worries about overall credit extension. He suggests BNPL may not be the last dollar in a more competitive credit environment.

Tim Seymour Seymour Asset Management, Fast Money Trader 2:58

Gold to $6,000 by 2028.

He is long gold as a secular asset-class allocation, driven by central bank diversification (China's 7-8% gold reserves versus Germany/Italy at 75-80%), a weaker dollar, less Fed independence, and deficit issues. He expects gold to reach $6,000 by 2028 and thinks advisors and money center banks could adopt 10%+ gold allocations.

Tim Seymour Seymour Asset Management, Fast Money Trader 4:39

Copper miners benefit from supply deficit.

Seymour is bullish copper because of data center and EV demand, grid buildout, supply deficits, geopolitics, and strategic copper hoarding, including the Indonesia Grasberg mine issue for Freeport. He favors investing in copper miners such as Freeport-McMoRan or Southern Copper.

Tim Seymour: Banks should trade on a higher multiple with deregulation

Summary

Ideas

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