|
Huntington Bancshares Inc. (HBAN) - Huntington Bancshares Inc. is probably my top regional bank stock pick right now.
Besides the fact that CNBC's Jim Cramer is high on it ( yes, he actually does make some good stock picks every now and then
), I like the stock due to the strong management team and the fact that it's close to a 52 week high. This
to me represents strength and tells me institutions are buying rather then selling. Now, the stock isn't cheap!
HBAN has run up from around $3.75 in January 2010 to $6.00 in May 2010. Putting all of this aside, Huntington Bancshares
continues to trade well above It's 200 day moving average which is technically bullish. Speaking of technical analysis, lets look at the technicals of Huntington Bancshares Inc. (HBAN).
As of May 2010, HBAN is in a flag formation and is in consolidation. Support is located at $5.66 and $5.00 while
resistance is located at $7.40 and $7.99. If we see HBAN break above $7.99, look out above. I would then want
to be buying HBAN stock for the ride into the teens. You would not want to be short HBAN either.
Regions Financial Corp. (RF) - Regions Financial Corp is another regional bank stock that I like. The stock
is also trading above It's 200 day moving average despite the recent stock market pullback in 2010. Regions Financial
has resistance located at $9.33 as well as $10.33. Support is located at $6.85 as well as $6.50.
Fifth Third Bancorp
(FITB) - Last but not least, I like Fifth
Third Bancorp (FITB). This is a stock that did get close to the 200 day moving average on this latest pullback
but managed to hold it on a closing basis. FITB stock has resistance located $15.95 and then I think it could rally
back into the $20's. Support on the downside is located at $12.00.
Pacific Capital Bancorp (PCBC)
- Pacific Capital Bancorp has been hot lately due to the following news and is a stock to watch in 2010. Bank investor
Gerald J. Ford is placing a new bet on the industry that made him a billionaire. Ford, who built his private equity business
by purchasing faltering lenders during the savings and loan crisis, said last week he will inject $500 million into Pacific
Capital Bancorp (PCBC) for 91 percent of the troubled California lender. Full Article - Businessweek
Other Regional Bank Stocks to Watch
BB & T Corp. (BBT)
Bank of New York Mellon Corporation (BK)
Bank of Montreal (BMO)
Popular Inc. (BPOP)
Cathay General Bancorp (CATY)
Commerce
Bancshares Inc. (CBSH)
Comerica Incorporated (CMA)
Columbia Banking System Inc. (COLB)
Central Pacific
Financial Corp. (CPF)
CVB Financial Corp. (CVBF)
City National Corp. (CYN)
Dearborn Bancorp Inc. (DEAR)
Doral Financial Corp. (DRL)
East West Bancorp, Inc. (EWBC)
First Horizon National Corp. (FHN)
First Bancorp
(FBP)
First Commonwealth Financial Corp. (FCF)
First Midwest Bancorp Inc. (FMBI)
FirstMerit Corporation (FMER)
F.N.B. Corporation (FNB)
First Niagara Financial Group Inc. (FNFG)
First State Bancorp. (FSNM)
Fulton Financial
Corp. (FULT)
Glacier Bancorp Inc. (GBCI)
ICICI Bank Ltd. (IBN)
KeyCorp (KEY)
MB Financial Inc. (MBFI)
Marshall & Ilsley Corporation (MI)
M&T Bank Corp. (MTB)
New Alliance Bancshares Inc. (NAL)
People's
United Financial Inc. (PBCT)
National Penn Bancshares Inc. (NPBC)
Northern Trust Corporation (NTRS)
PNC Financial
Services Group Inc. (PNC)
Prosperity Bancshares Inc. (PRSP)
Privatebancorp Inc. (PVTB)
Sterling Bancshares
Inc. (SBIB)
Signature Bank (SBNY)
SVB Financial Group (SIVB)
Synovus Financial Corp. (SNV)
SunTrust Banks,
Inc. (STI)
State Street Corp. (STT)
Susquehanna Bancshares, Inc. (SUSQ)
South Financial Group Inc. (TSFG)
Umpqua Holdings Corporation (UMPQ)
Valley National Bancorp (VLY)
Wilmington Trust Corporation (WL)
Whitney
Holding Corp. (WTNY)
Zions Bancorp. (ZION)
| All Members Receive Free Stock Reports & Alerts |
|
| Join Stockstobuy.org Today! |
|
