These bank stocks are cheap and expected to rally

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SPDR S&P Regional Banking ETF أخبار

State Street Corp,East West Bancorp Inc,Western Alliance Bancorp

The names poised to break out with the start of second-quarter earnings season include U.S. Bancorp and First Horizon.

These bank stocks are cheap and expected to jump, according to CNBC Pro. The banking industry is in focus ahead of the second-quarter earnings season, set to kick off Friday with reports from major institutions Citigroup, JPMorgan Chase and Wells Fargo. Results from Bank of America, Goldman Sachs and Morgan Stanley are due out next week. Regional banking stocks will also be in the spotlight.

Stock data was current as of Monday's close. Here are those names. U.S. Bancorp surfaced on the screen. The bank stock has underperformed this year, down more than 7%. It's also unloved by the Street, with just 32% of analysts covering the stock giving it a buy rating. But it's expected to surge 19% to its consensus price target, and has a forward P/E of 10.6. Additionally, shares of U.S.

 

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