Goldman Sachs Says Favors Banks with Low Execution Risk

April 9, 2013 10:16 AM EDT
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In what Goldman Sachs described as an "uncertain revenue environment in Q1," analysts said it favors banks with low valuations and low execution risk. Stocks that screen well include JPMorgan Chase & Co. (NYSE: JPM) and Citigroup, Inc. (NYSE: C), noted a report today by analyst Richard Ramsden.

Of the regionals, Goldman favors Regions Financial Corporation (NYSE: RF) and First Niagara Financial Group Inc. (Nasdaq: FNFG) "given leverage to better reinvestment yields and expense driven beats."

"We avoid Comerica Incorporated (NYSE: CMA) and First Horizon National Corporation (NYSE: FHN) on slowing C&I and risks to normalizing mortgage warehouse portfolios, while we see risk to Huntington Bancshares (Nasdaq: HBAN) NII expectations," said Ramsden.

For an analyst ratings summary and ratings history on JPMorgan (NYSE: JPM) click here. For more ratings news on JPMorgan click here.

Shares of JPMorgan closed at $48.58 yesterday.

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