Despite many investors still showing caution regarding the U.S. banking sector, there has been an overall recovery in the industry with the KBW Bank Index (^BKX), a capitalization index composed of 24 leading bank stocks, up by just over 21% for the year-to-date (YTD). This in conjunction with improved housing data, which shows the housing recovery is gaining momentum, makes me believe there is emerging value for investors in U.S. regional banks. I recently analyzed U.S. Bancorp (NYSE:USB) and while I found that it is a solidly performing bank, I believe that it is currently fairly valued and did not present as a value investment opportunity. As a result, I have dug deeper into the U.S.
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