macroguy

When Will Fifth Third Bancorp Turn Around?

U.S. bank stocks are heading for a “dead cat bounce,” says RBC Capital Markets analyst Gerard Cassidy....he says many banking stocks are still not cheap. The top 100 banking stocks are now trading at up to 190% of their price-to-tangible book value, his preferred metric, and predicts they will eventually to fall to trade at 125% of tangible book value.