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This list only looks at quantitative data and so should be treated as food for thought (or ideas for investment). Although I do not compile this list weekly but only when strong or improving banking stocks pass certain criteria, you should still apply your own valuations, qualitative and quantitative, to conclude if any are "fit to buy". The quantitative criteria I look at are market caps above $1 billion, dividend strength or signs of future strength, and a number of banking ratios of which I only included the most commonly used ones in the article.

A key metric I use is Net Interest Margin which Jim Cramer described as "by far the most important way to describe how banks do". They both have meaningful yields, fair valuation and above average ranking by S&P for Quality Ranking. Earnings growth and stability are according to Standard & Poor's "deemed key elements" for establishing the rank.

Wells Fargo & Company (NYSE:WFC) goes ex-dividend on Wednesday, 2nd May.

It has a market capitalization of $179.03 billion. For the most recent quarter, Q1 2012, the company generated $4.248 billion in net income. Total assets amount to $1.33 trillion and core deposits at $888.71 billion.

Key Metrics for WFC:

The company has a Return on Average Equity of 12.14%, Tier 1 Capital Ratio of 11.74%. WFC has an Efficiency Ratio of 60.1% and Net Charge-offs/Average Loans have decreased 11 basis points year-over-year to a current 1.25%. Net Interest Margin: 3.91%.

At its most recent closing price of $33.42, its Price-to-Book is 1.13. Its upcoming distribution of $0.22 per share represents a dividend yield of 2.63%.

Analyst Ratings:

The stock currently has 21 "buy" ratings, 5 "Overweight" ratings, 10 "Holds", 5 "Underweight", and 1 "Strong Sell" rating. S&P has assigned a Quality Ranking of A-.

Analysts estimate it will earn $3.25 per share for fiscal year ending 2012 and $3.68 for fiscal year 2013, a growth of 13.23%.

National Penn Bancshares (NASDAQ:NPBC) goes ex-dividend on Wednesday, 2nd May.

It has a market capitalization of $1.42 billion. For the most recent quarter, Q1 2012, the company generated $25million in net income. Total assets amount to $8.52 billion and core deposits of $5.89.

Key metrics for NPBC:

The company has a Return on Average Equity of 8.56%, Tier 1 Capital Ratio of 17.46%. NPBC has an Efficiency Ratio of 57.47% and Net Charge-offs/Average Loans have decreased 73 basis points year-over-year to a current 0.56%. Net Interest Margin: 3.55%

At its most recent closing price of $9.22, its Price-to-Book is 1.09. Its upcoming distribution of $0.07 per share represents a dividend yield of 3.04%.

Analyst Ratings:

The stock currently has rating 3 "Strong Buy" ratings, 6 "Holds" and 1 "Strong Sell" rating. S&P has assigned a Quality Ranking of A-.

Analysts estimate it will earn $0.63 per share for fiscal year ending 2012 and $0.68 for fiscal year 2013, a growth of 7.94%.

Source: 2 Above Average S&P Quality Ranking Banks Going Ex-Dividend This Week