This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Five Most Sell-Rated Bank Stocks

NEW YORK ( TheStreet) -- Despite all the hand-wringing about financial reform and the price weakness in the group over the past two months, bearish bank analysts are still few and far between ahead of second-quarter reporting season.

Earnings estimates have come down on many names in the past few weeks -- most notably Goldman Sachs (GS) on the perception that trading revenue has deteriorated -- but analysts have for the most part kept their overall ratings on the stocks in place, and those ratings in general are pretty good. For instance, on all four of the money-center banks -- Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC) -- the majority of the analysts covering the stocks have either buy or strong buy ratings.

In the interest of seeing which financial names Wall Street was actually bearish about, TheStreet pulled together a list of the five banks with the largest percentage of sell ratings vs. the total number of analysts who cover the stock, using Bloomberg data as of June 28. The screen was for U.S.-based public institutions with at least $5 billion in assets and a minimum of five analysts covering the stock. The banks also had to have a share price of at least $2 a share and average daily trading volume of greater than 100,000.

Of the 78 banks that made the cut, none had a majority of analysts' rating them at sell. Doral Financial, the bank with the largest percentage of sell analysts, has one-third of the six analysts who cover it with sell ratings. On an absolute number basis, SunTrust Banks had the most sell ratingw with nine analysts, but the bank has a total of 35 analysts covering its stock, according to Bloomberg.

Also, with the exception of Valley National Bancorp, the banks that made the list had an equal number of buy and sell ratings from analysts -- more evidence of the general bullishness on bank stocks these days. Here's the list going from the smallest percentage of sell ratings to the largest.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DRL $0.72 0.00%
HBAN $10.94 0.00%
STI $41.00 0.00%
VLY $9.60 0.00%
AAPL $128.46 0.00%


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs