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3 Regional Bank Stocks to Bank On

Larger banks have little upside and face numerous financial headwinds. For now, turn your focus to the regionals.

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Nobody was really expecting much from bank stocks in the way of earnings this quarter, and so far, they’ve pretty much delivered on that expectations.

piggy banks 630px
Source: Flickr

The big bank stocks’ results have been driven by reserve releases and trading profits as well as continued credit improvement. However, the hoped for increases in mortgage lending has not materialized as home sales are still running below last year’s pace. Moreover, the big financials have been pretty picked over by Wall Street and its legion of analysts, so there’s likely not much upside left in those issues for the rest of the year anyway.

However, some off-the-radar regional bank stocks have turned in solid reports, which is why investors should be turning their attention right now.

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Article printed from InvestorPlace Media,

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