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March 2, 2009
Banks Jump As Stress Test Details Seen Positive By Some Analysts
Dow Jones
February 26, 2009
Excerpt:
Nationalization of selected banks is taken off the table, in our view," Gerard Cassidy and his bank analyst colleagues at RBC Capital Markets, wrote in a note to investors on Thursday.
The combination of the stress test and the ability of banks to raise common equity capital with help from the government "while not perfect, does move the search for a solution to this banking crisis in the right direction," the analysts added. "Ultimately, this should stabilize bank stocks, and fundamentals will eventually drive valuations again when these changes are digested."
