UBS on Mid-Cap Banks: Q1 Earnings Preview

UBS on Mid-Cap Banks: Q1 Earnings Preview

Analyst, Stephen Scinicariello, said, "With mid-cap regional bank stocks up 41% over the past 6 months, the question that needs to be addressed is whether fundamentals will be good enough to sustain the upward trajectory (despite expected profit taking); we believe that they will. We are above consensus for 42% of our coverage by an average of 8%. We are the most above 1Q12E EPS for Wintrust Financial (Nasdaq: WTFC) and Umpqua (Nasdaq: UMPQ) and the most below for Huntinton Bancorp (Nasdaq: HBAN)."

Scinicariello also noted that Fifth Third (Nasdaq: FITB) and Comerica (NYSE: CMA) relative value appears attractive. KeyCorp (NYSE: KEY) remains the Top Pick.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Designer Brands (DBI) PT Lowered to $6 at UBS
• Edison International (EIX) PT Lowered to $63 at UBS
• salesforce.com (CRM) PT Raised to $300 at TD Cowen