UBS 'Cautious' on Large Regional Banks; Starts BBT, WFC at Sell

October 7, 2009 6:12 PM EDT

UBS has initiated coverage on the large regional banking sector today, slapping a Cautious rating on the group. The firm believes that these stocks "have run too fast" recently.

Started at Neutral:

  • KeyCorp (NYSE: KEY)
  • M&T Bank (NYSE: MTB)
  • Regions Financial (NYSE: RF)
  • US Bancorp (NYSE: USB)
Started at Sell:
  • BB&T (NYSE: BBT)
  • Wells Fargo (NYSE: WFC)
  • Comerica (NYSE: CMA)
  • Fifth Third (Nasdaq: FITB)
  • SunTrust (NYSE: STI)
  • PNC Financial (NYSE: PNC)


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Stocks Mentioned

BBT 25.60

+0.70 +2.81%
Volume: 8,536,870
Track BBT

CMA 28.34

-0.13 -0.46%
Volume: 1,400,377
Track CMA

FITB 10.18

+0.10 +0.99%
Volume: 19,687,320
Track FITB

KEY 5.95

+0.09 +1.54%
Volume: 19,296,177
Track KEY

MTB 65.65

+0.07 +0.11%
Volume: 925,910
Track MTB

PNC 56.24

-0.77 -1.35%
Volume: 6,130,603
Track PNC

RF 5.78

-0.08 -1.37%
Volume: 34,386,440
Track RF

STI 23.20

-0.43 -1.82%
Volume: 9,603,178
Track STI

USB 24.34

+0.21 +0.87%
Volume: 13,775,938
Track USB

WFC 27.99

-0.05 -0.18%
Volume: 33,072,658
Track WFC


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