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Zacks Industry Rank Analysis Highlights: Private Bancorp, Sterling Bancshares TX, Peoples Bancorp of Ohio, J.P Morgan and Bank of America

November 30, 2009 | Comments: 0
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PVTB | SBIB | PEBO | JPM | BAC
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For Immediate Release

Chicago, IL – November 30, 2009 – Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week’s analysis include Private Bancorp (PVTB - Snapshot Report), Sterling Bancshares TX (SBIB - Snapshot Report), Peoples Bancorp of Ohio (PEBO - Snapshot Report), J.P Morgan (JPM - Analyst Report) and Bank of America (BAC - Analyst Report).

Zacks Industry Rank Analysis is written by Dirk Van Dijk, CFA, Chief Equity Strategist for Zacks.com.

This week: Avoid Regional Domestic Banks

The Zacks Ranks for the regional banks look even worse than the ranks for the real estate companies themselves. The 206 total industries have seven related to the regional banks, with five regional industries plus one for the major regional banks that cover several different regions. With the exception of the major regionals and the banks in the Northeast -- both of which are neutral and tied for 104th place with average scores of 3.00 -- the banks all look downright ugly.

The worst of the bunch, by a hair, are the Western Regional banks in 198th place with an average score of 3.64, followed by the Midwest in 197th place and a score of 3.51, the Southeast (180th place, 3.31) and the Southwest (177th, 3.29). I don’t think the differences between them are all that significant -- just stay away from them all. Some of the larger names among the banks with Zacks Rank #5 scores include: Private Bancorp (PVTB - Snapshot Report), Sterling Bancshares TX (SBIB - Snapshot Report) and Peoples Bancorp of Ohio (PEBO - Snapshot Report). None of them will be mistaken for J.P Morgan (JPM - Analyst Report) or Bank of America (BAC - Analyst Report).

Zacks "Profit from the Pros " e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=5611.

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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
Visit: www.zacks.com

 


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Market Summary Feb 10, 2010 04:54 am ET
DJIA 10058.64  150.25 1.52%
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