Baird on Banks (BAC, BBT, CMA, FITB, KEY, MI, MTB, PNC, STI, USB, WB, WFC)

Banking, finance, and taxes

Published: January 8, 2008 8:28 am

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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