Nomura Securities Starts Huntington Bancshares (HBAN) at Neutral

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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 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

Nomura Securities Starts Regions Financial (RF) at Buy

February 6, 2013 8:17 AM EST

Nomura Securities initiates coverage on Regions Financial (NYSE: RF) with a Buy. PT $9.00.

Analyst Keith Murray comments, "We think the shares will get a lift this year from continued credit improvement (we are lower than consensus on provision expense), higher-than-expected capital... More