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Dayton
Business Journal...
Three
of
Dayton’s biggest banks make stocks to avoid list
Friday,
June 8, 2012
Three of
Dayton’s biggest banks have been named to a list of five
dividend-paying
regional bank stocks to avoid by SeekingAlpha.com.
“Many
market observers suggest that the business outlook for U.S. regional
banks has
improved,” according to the column. “As the overall conditions
deteriorate, so
does the investment potential of the regional banking stocks. Despite
the
recommendations from some analysts that regional banks currently
represent good
value investments and alternatives to large money center banks, in the
near-term, investors should steer clear of the financial stocks,
including
those of regional banks.”
The banks
on the list included Fifth Third Bancorp, the largest bank operating in
the
Dayton region with more than $4 billion in deposits locally; PNC
Financial
Services Group, second-largest bank in the Dayton market with $2.4
billion in
local deposits; and Huntington Bancshares, the seventh-largest bank in
Dayton
with $1.2 billion in deposits and nearly 200 employes.
The other
two banks on the list from the SeekingAlpha.com column were M&T
Bank Corp.
and BB&T Corp.
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and other articles at the Dayton Business Journal
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