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A Look at Banking Stocks, Including Wells Fargo, Bank of America, and JPMorgan


Wells Fargo is a Strong Buy, while Bank of America and JPMorgan have made it into's list of most rapidly improving names.

MINYANVILLE ORIGINAL Earlier this week, got a buy signal on two widely held financial stocks: JPMorgan (JPM) and Bank of America (BAC). Wells Fargo (WFC) is the only Money Center bank that we rate a Strong Buy (5). We have been neutral on this sector and have felt that there have been better places to allocate capital. We believe these names have seen strength recently in part because of the 10-year note. Yields on the 10-year note have increased 40 bps, which will allow for NIM (Net Interest Margin) expansion. However, investors that are looking for exposure to this sector should look at less interest-rate-sensitive names like Travelers Group (TRV) and ALL State (ALL).

As you can see from this 10-year note chart, prices have declined, sending yields higher.

Bank of America and JPMorgan have made it into's list of most rapidly improving names.

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Wells Fargo: Strong Buy (5)
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No positions in stocks mentioned.
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