This Day On The Street
Continue to site
ADVERTISEMENT
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

10 Bank Stocks With Up to 102% Upside

NEW YORK ( TheStreet) -- The banking sector has had a wild ride this year, and now that third-quarter results are in for most of the nation's largest players, TheStreet has identified a select list of actively traded names with significant upside, based on consensus price targets.

Of course, a consensus price target could be based on a relatively small number of buy ratings among analysts, so we have limited our selections to names with at least half the analysts rating the shares a buy.

This approach excludes some well-known banking names, including Bank of America (BAC - Get Report), which closed at $6.72 Monday, and had 46% upside based on the mean 12-month price target of $9.83, among analysts polled by FactSet. Out of 23 analysts covering Bank of America, only nine rate the shares a buy.

We also limited our selection to bank stocks with average daily trading volume of over 50,000 shares. Data was provided by SNL Financial.

The KBW Bank Index (I:BKX) was down 25% year-to-date through Monday's close at 39.23. With hundreds of bank stocks trading below book value and profitable names trading at historically low levels to forward earnings estimates, bargains abound for patient investors confident about economic recovery.

FBR Capital Markets analyst Paul Miller said that the industry's third-quarter results have many banks "setting up well for year-end," and that "some of the dire scenarios discussed may have hit bank valuations harder than underlying fundamentals indicate." Miller added that "the banks were able to show decent loan growth in select asset classes, net interest income looks to be more resilient than expected, and credit has continued to improve," and that he was "incrementally more positive on bank stocks going into the end of the year."

Of course, even when we pare the list to only include bank stocks with at least half the analysts rating the shares a buy, we are including some risky names here. Read on for the details.

Here are TheStreet's 10 bank stocks with up to 102% upside:
1 of 11

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG
BPOP $30.95 1.08%
BAC $17.77 -0.62%
C $58.44 -0.03%
FCF $9.24 0.43%
FNFG $9.71 0.83%

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs