The regional banks have been slaughtered with banks like FITB slashing its dividend and planning to raise capital. Today the following news on BBT hit the news wires "Sterne Agee analysts Adam Barkstrom and William Griffin reiterated their recommendation to sell the Winston-Salem, North Carolina-based company's shares, saying there is a ``strong probability'' of a dividend cut based on losses from bad loans. The reduction may be more than 50 percent, the analysts said. " BBT sent out a press release that included "BB&T Corp., the third-largest bank based in North Carolina, expects to increase its cash dividend this year and reiterated that capital levels ``remain strong.'' " Who do you think is right?
there is a lot of reginal banks that are in good shape with their balance sheet healthy and taking business away from scared major banks, some of them will go bankrupt. gotta do the homework to pick the right ones. I wont go long any financial till the sector bottoms