Wednesday, February 4, 2009

Death Spiral in Regional Banks.

The Options Activity for these Regional Banks leads me to believe that the begining of the end is near for the following:

Fifth Third Bancorp - FITB (Ohio Bank - Enough said)

Regions Financial - RF (Owners of Morgan Keegan)

SunTrust Banks - STI (Please read prior entry on this dog)

Marshall & ILsley - MI (Has a new name, same bad toxic loan book)

Huntington Bancshares - HBAN (Mgmt has had numerous chances to sell to bigger bank)







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