UBS 'Cautious' on Large Regional Banks (WFC a Sell)

Discussion in 'Stocks' started by sub0, Oct 7, 2009.

  1. sub0


    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);+Starts+BBT,+WFC+at+Sell/5003025.html
  2. Wasn´t WFC on Goldman´s conviction list, lately ? :confused:
  3. piezoe


    I find use of the word "Goldman" in conjunction with the word "conviction" to be particularly satisfying. Do you also?
  4. :D