Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Take a Look at 5 Bank Stocks That Are Strong Buys


Bank of America, JPMorgan, Citibank, Wells Fargo, and Goldman Sachs are on the list.

MINYANVILLE ORIGINAL We wanted to update readers with the latest ratings on several banks. Currently Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Citibank (NYSE:C), Wells Fargo (NYSE:WFC), and Goldman Sachs (NYSE:GS) are all still Strong Buys (5 Rating) based on's proprietary algorithm. When we first were alerted readers of Strong Buys on August 24, we began to see the US 10-year yield move higher, eventually topping out at 1.80%, which is obviously healthy for net interest margins. Since then, the US 10-year yield has move down to 1.65%.

We would remain long these names while we have a Strong Buy (5 Rating). If the rating moves back to Buy or (4), we would reduce exposure 50%. One thing to note: The S&P 500 financial sector was recently downgraded from a Strong Buy to a Buy.

Click to enlarge

Bank of America

Click to enlarge
< Previous
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos