UBS 'Cautious' on Large Regional Banks (WFC a Sell)

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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
 
Quote from ASusilovic:

Wasn´t WFC on Goldman´s conviction list, lately ? :confused:
More...

I find use of the word "Goldman" in conjunction with the word "conviction" to be particularly satisfying. Do you also?
 
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