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

|By:, SA News Editor
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.