Continuing with the regional bank theme, Sterne Agee remains short the large broker/dealers and...
Continuing with the regional bank theme, Sterne Agee remains short the large broker/dealers and long quality regionals, even while sounding a note of caution about valuations. Favorite names: PNC and WFC. Momentum plays (those trading at premium multiples): BB&T(BBT) and PacWest (PACW). Ones to avoid: Zions (ZION) and First Horizon (FHN).
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