For Immediate Release
Chicago, IL – February 4, 2010 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the U.S. Banks Industry, including BancFirst Corporation (BANF), First Capital Bancorp, Inc. (FCVA), Bridge Capital Holdings (BBNK) and Commerce Bancshares Inc. (CBSH).
A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/30119/U.S.+Banks+Stock+Update+-+Feb.+2010.
The Treasury’s requirement of focusing banking institutions towards higher-quality capital will help banks absorb big losses. Though this would somewhat limit the profitability of banks, a proper implementation would bring stability to the overall sector and hopefully address bank failures.
Specific banks that we like with a Zacks ranking of 1 (Strong Buy) include BancFirst Corporation (BANF), First Capital Bancorp, Inc. (FCVA) and Bridge Capital Holdings (BBNK).
We favor Commerce Bancshares Inc. (CBSH) in this space since this company is one of the few names that did not report losses even during the current financial crisis. We believe that Commerce is one of the best-capitalized banks in the industry and will generate positive earnings throughout the credit cycle. While the bank had a decent growth in deposits in the most recent quarter, trends in its credit metrics were negative.
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