Citi analyst Keith Horowitz on Friday initiated coverage of four major regional banks with glowing marks for Huntington Bancshares, Zions Bancorp and KeyCorp, as a mixed third-quarter for bank stocks comes to a close on Friday.
Citi initiated coverage of Huntington Bancshares Inc. HBAN, +0.89% and Zions Bancorp ZION, +2.35% with buy ratings, while issuing neutral ratings on New York Community Bancorp Inc. NYCB, -0.62% and First Citizens Bancshares Inc. FCNCA, +0.15%. The Citi note penned by Horowitz said the firm’s top pick among regional banks remains KeyCorp KEY, +2.14%.
Huntington Bancshares’ stock is down 5.3% in the third quarter, while Zions has rallied by 26% over the past three months as the stock recovered some of its steep losses earlier in the year. KeyCorp’s stock has risen 13.8% in the past three months as it also recovered losses from earlier in the year.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bank Stocks See Big Insider BuysExecutives and directors of First Citizens Bancshares, Summit Financial, Commerce Bancshares, Berkshire Hills, and Bank of South Carolina recently bought...
Fuente: MarketWatch - 🏆 3. / 97 Leer más »