NEW YORK (
) - Even in a year of recovering bank stocks, there have to be some losers.
But the pain has certainly eased-off from the previous two years and there are some quality names among the group, including
, which has an ample war chest to fund acquisitions and
People's United Financial
(PBCT - Get Report)
which is rapidly expanding.
While there's no common theme among the group, most of them are strongly capitalized and have double-digit upside based on average price targets among analysts polled by Thomson Reuters, with
Capitol Federal Financial
- a mutual holding company going through a conversion - having the most upside of 42%. Capitol Federal also boasts the highest dividend yield among the group, of 8.29%.
Only four out of the ten holding companies took government assistance through the Troubled Assets Relief Program, or TARP, and two have since repaid the government in full. Of the remaining TARP participants,
First Horizon National
(FHN - Get Report)
priced an offering of common shares on Monday and announced plans to repay the government.
Here are the 10 bank holding companies among the largest 100 by market capitalization with the largest year-to-date decline in share price:
For each of the 10 bank holding companies discussed on the following pages, we'll be looking at capital strength, earnings quality and asset quality. For an explanation of those terms you can click on the box below.