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) http://www.streetinsider.com/New+Co...l+Banks;+Starts+BBT,+WFC+at+Sell/5003025.html
I find use of the word "Goldman" in conjunction with the word "conviction" to be particularly satisfying. Do you also?