KBW CEO: Bank stocks undervalued, we'd focus on nation's biggest banks

Thomas Michaud, CEO and president of KBW, a Stifel company, joins CNBC's "Closing Bell" to discuss the potential impact of a rate cut from the Fed on banks, markets.

Closing Bell,CNBC,business news,finance stock,stock market,news channel,news station,breaking news,us news,world news,cable,cable news,finance news,money,money tips,financial news,stock market news,stocks,