NEW YORK (TheStreet) -- An unexpectedly sunny jobs report had a domino effect on the financial sector on Friday, as the yield on 10-year U.S. Treasuries jumped to 2.75% and banks saw an industry-wide rally.
The U.S. added 204,000 jobs in October, the Labor Department said Friday. Analysts had expected 125,000 jobs to be added to payrolls, keeping estimates cautious given the incidental effects of the October's partial government shutdown.
TheStreet Ratings team rates Regions Financial Corp as a Buy with a ratings score of B. The team has this to say about their recommendation:
"We rate Regions Financial Corp (RF) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had subpar growth in net income."
- You can view the full analysis from the report here: RF Ratings Report
TheStreet Ratings team rates Bank of America Corp as a Hold with a ratings score of C+. The team has this to say about their recommendation: