Nomura Securities Starts Regions Financial (RF) at Buy

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Nomura Securities Starts SunTrust Banks (STI) at Neutral

February 6, 2013 8:32 AM EST

Nomura Securities initiates coverage on SunTrust Banks (NYSE: STI) with a Neutral. PT $31.00.

Analyst Keith Murray comments, "While SunTrust is making progress on reducing expenses and credit is improving, we see NII declining in 2013, given continued NIM pressure; the potential loss of... More

Nomura Securities Starts Fifth Third Bancorp (FITB) at Neutral

February 6, 2013 8:26 AM EST

Nomura Securities initiates coverage on Fifth Third Bancorp (NASDAQ: FITB) with a Neutral. PT $17.00.

Analyst Keith Murray comments, "We expect Fifth Third to show stable trends in 2013 with flattish NII and expenses, a modest pickup in core fee revenue, and a solid 115bps ROA. All... More

Nomura Securities Starts KeyCorp (KEY) at Neutral

February 6, 2013 8:24 AM EST

Nomura Securities initiates coverage on KeyCorp (NYSE: KEY) with a Neutral. PT $10.00.

Analyst Keith Murray comments, "We think KeyCorp is building for better long-term returns and deserves credit for solid loan growth; better NIM stability than most peers; and a peer-group... More

Nomura Securities Starts Comerica (CMA) at Neutral

February 6, 2013 8:23 AM EST

Nomura Securities initiates coverage on Comerica (NYSE: CMA) with a Neutral. PT $35.00.

Analyst Keith Murray comments, "CMA is the most rate-sensitive bank in our regional bank universe, as 85% of its loans are floating rate (75% of which are priced off LIBOR).... More

Nomura Securities Starts Huntington Bancshares (HBAN) at Neutral

February 6, 2013 8:22 AM EST

Nomura Securities initiates coverage on Huntington Bancshares (NASDAQ: HBAN) with a Neutral. PT $7.50.

Analyst Keith Murray comments, "HBAN has solid capital and credit and has enjoyed good NIM stability since 1Q10 via improved deposit mix and pricing. The bank has also made... More

Nomura Securities Starts Wells Fargo (WFC) at Buy, $42 PT

February 6, 2013 8:20 AM EST

Nomura Securities initiates coverage on Wells Fargo (NYSE: WFC) with a Buy. PT $42.00.

Analyst Keith Murray comments, "Wells Fargo & Company is a consistently solid performer with a top-shelf franchise (13% ROE and 1.4% ROA in 2012 and 12 consecutive quarters of record earnings). We think... More

Nomura Securities Starts PNC Financial (PNC) at Buy, $72 PT

February 6, 2013 8:19 AM EST

Nomura Securities initiates coverage on PNC Financial (NYSE: PNC) with a Buy. PT $72.00.

Analyst Keith Murray comments, "PNC has evolved into a top 10 U.S. bank (by assets and deposits) through a combination of key acquisitions (e.g., National City in 2008) and... More

Nomura Securities Starts U.S. Bancorp (USB) at Buy, $38 PT

February 6, 2013 8:18 AM EST

Nomura Securities initiates coverage on U.S. Bancorp (NYSE: USB) with a Buy. PT $38.00.

Analyst Keith Murray comments, "US. Bancorp is a consistently solid performer with a diverse business mix that produces best-in-class returns (16% ROE, 165bps ROA in 2012). While we expect... More