Banking, finance, and taxes
Baird on Banks (BAC, BBT, CMA, FITB, KEY, MI, MTB, PNC, STI, USB, WB, WFC)
Published:
ROBERT W.BAIRD has initiated mostly cautious coverage on Banks and Financials this morning. Most are Neutral rated, although there are a few Outperform ratings in the coverage group. Here are the initiations.
NEUTRAL ratings initiated on:
- Bank of America (BAC),
- BB&T (BBT),
- Fifth Third (FITB)
- Keycorp (KEY),
- Marshall & Isley (MI),
- SunTrust (STI),
- US Bancorp (USB),
- Wachovia (WB),
- and Wells Fargo (WFC).
OUTPERFORM ratings initiated on:
- Comerica (CMA),
- M&T Bank (MTB),
- and PNC Bank (PNC).
Jon C. Ogg
January 8, 2008
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