Credit Suisse upgrades regional banks (STI, BBT), saying loan-loss provisions are set to peak...

|By:, SA News Editor

Credit Suisse upgrades regional banks (STI, BBT), saying loan-loss provisions are set to peak this quarter and non-performing loan levels will peak in the next. "With 75% upside and 25% downside on average, we believe investors should be forward-looking and use attractive valuation and weak price action around the Q4 'kitchen sink' results to overweight the regional banks," firm says. BBT +1.9% early on. STI +1.5%.