Seeking Alpha

Upside surprises from regional banks BB&T (BBT +4.6%) and SunTrust (STI +5.8%) have more...

Upside surprises from regional banks BB&T (BBT +4.6%) and SunTrust (STI +5.8%) have more than offset weakness in Bank of America (BAC -1.4%), lifting the financial sector. Earnings results at regional banks reporting this week show improving credit trends and easing loan losses. KEY +4.4%, HBAN +2.6%, ZION +2.2%, FITB +2.2%.
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  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    Let's see, BBT is up 4.6% on an earnings beat that brought is PE to 24 and STI is up 5.8% on an earnings beat that brought is PE to infinity after losing money for five consecutive quarters. Let's get carried away here after all it is Friday.
    21 Jan 2011, 02:25 PM Reply Like
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