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The Fed's been continually over-optimistic about the economy throughout the recovery, says...

The Fed's been continually over-optimistic about the economy throughout the recovery, says Sterne Agee and this time may prove no different. Expecting rates to retreat, the team spies opportunity in a basket of 4 large cap banks - C, JPM, USB, and WFC - as well as a group of regionals: PNC, MTB, RF, KEY. MTB is especially attractive given the roadblock now removed from its Hudson City (HCBK) purchase. A couple of smaller names of interest are First BanCorp (FBP) and PacWest (PACW) following the closing of its First California purchase.
Comments (1)
  • sammaca
    , contributor
    Comments (9) | Send Message
     
    I would add GBCI and WAL to the list.
    21 Jun 2013, 04:33 PM Reply Like
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