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KBW's Frederick Cannon calls for investors to be "very selective" with bank stocks heading into...

Tuesday, December 27, 2011, 8:29 AM ET
KBW's Frederick Cannon calls for investors to be "very selective" with bank stocks heading into 2012. While noting U.S. banks sport historically high tangible common equity ratios, and expecting the U.S. economy to avoid a recession, Cannon thinks regulatory issues such as the Fed's capital-deployment restrictions should give investors pause. His top picks: STT, JPM, GS.

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nafar Comments (153)

Fed's capital requirement is good for financial institutions as well as for investors. However, their requirement is still far away upto 2019. JPM, WFG & C can touch their requirement by end 2012. What that needs to cover for loss of profit on idle funds would be to charge price on their services which they are now providing free or at nominal charges plus they may inch lending rates also. So good banks would continue to make similar profit as they are currently making, as I think.

28 Dec 2011, 03:29 PM Reply Like

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