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Regional bank stocks (KRE +0.2%) are no longer cheap, says Citi's Keith Horowitz, who sees very...

Regional bank stocks (KRE +0.2%) are no longer cheap, says Citi's Keith Horowitz, who sees very little impact on earnings from higher rates in the short term and a forward curve already pricing in 100 bps of rate hikes in 2015. His preferred plays going into earnings are BB&T (BBT), M&T (MTB), and Wells Fargo (WFC), with just BB&T being rated a Buy thanks to its underperformance since failing the Fed stress test. An approval this summer of the resubmitted plan could prove a catalyst for the stock.
Comments (1)
  • stabletker
    , contributor
    Comments (58) | Send Message
     
    Ill just let my stop tell me when to sell. Today its:

     

    S/L 35.33 (-1.6%) +/- .33
    Yes its past its short term trading price per Stock Consultants.com. If anyone figures how they get the numbers let us know!
    OK it dose looks like a moon shot maybe Mr Keith Horowitz would like to take a ride?
    9 Jul 2013, 03:16 AM Reply Like
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