August 05, 2009 at 12:03 PM EDT
Banking Turnarounds: Rebound In Regionals?
Even among the broad-based market carnage of the past year, regional banks with heavy real estate exposure have been notably poor performers," notes turnaround expert George Putnam. In The Turnaround Letter, he explains, "While investors are still wary of this group, there are cases where the market has overreacted and the stocks will eventually rebound dramatically." Here, he looks at four favorite regionals. "Many regional banking stocks are now trading at a small fraction of their [More...]
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