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Ahead Of The Bell: Banks Upgraded By BMO Capital

Stock quotes in this article: EWBC , TBBK , TCB , USB  

NEW YORK (AP) — BMO Capital Markets on Monday upgraded its view of the banking sector because of expectations that more normalized earnings potential will return to the sector in coming quarters.

Analyst Peter Winter upgraded his view on the sector to "Outperform" from "Market Perform." He also upgraded four individual banks, BOKF Financial Corp., East West Bancorp Inc., TCF Financial Corp. and U.S. Bancorp, to "Outperform" from "Market Perform."

The increased sector rating is for investors looking at a 12- to 18-month time horizon for holding the stocks, Winter wrote in a research note. ...

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