George Soros has exited his positions in JPMorgan Chase (NYSE: JPM ) , Morgan Stanley (NYSE: MS ) , and several other banks. He's pared his exposure to Citigroup (NYSE: C ) , cut his stake in AIG (NYSE: AIG ) by two-thirds, and sold every share he owns in General Electric (NYSE: GE ) .
In all, SNL Financial says Soros's financial stock holdings are down 80% from where they were just three short months ago. But why?
Does Soros know something we don't? And what should you do about it?
Listen in as Fool contributor Rich Smith explains.
With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or if finance stocks are a screaming buy today. The answer depends on the company, so to help figure out whether JPMorgan is a buy today, check out The Motley Fool's premium research report on the company. Click here now for instant access!
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