Mike Mayo: Banks - April 6, 2009 4/6/09

Mike Mayo, a very popular financial analyst who left Deutsche Bank for Calyon Securities, is out with an underweight or sell rating on the following banks. Mike Mayo says that loan losses will exceed levels from the Great Depression.

Mike Mayo Bank List - 4/6/09

Sell Rating:

BB&T Corporation ( BBT )
Fifth Third Bancorp ( FITB )
KeyCorp ( KEY )
SunTrust Banks, Inc. ( STI )
U.S. Bancorp ( USB )

Underperform Rating:

Bank of America Corporation ( BAC )
Comerica Incorporated ( CMA )
JPMorgan Chase & Co ( JPM )
Citigroup Inc. ( C )
Wells Fargo & Company ( WFC )
PNC Financial Services ( PNC )

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Bank Stocks 3/4/09 March 4, 2009 - BAC

Today, 3/4/09, the bank stocks are higher in pre market. We could get a bounce if these stocks can hold their gains and start to recover.

Banking Stock Update - March 4, 2009 - Pre Market


Citigroup ( C ) - $1.28 Up 5% - Citigroup to allow jobless to have lower mortgages.

US Bancorp ( USB ) - $12.71 Up 1.3% - U.S. Bancorp cuts dividend 88 pct

Bank of America ( BAC ) - $3.86 Up 6.04% - Ken Lewis Says BofA Is Fine. Do We Buy It?

Hartford Financial Services Group (HIG) - $5.25 Up 12% - Hartford in Talks to Sell Life Unit: Report


Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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