"But we must collapse Fifth Third (FITB), KeyCorp (KEY), SunTrust (STI) and Regions Financial (RF) into other banks if we are going to move through this period. We aren't there yet." "FDIC and Treasury at Loggerheads," 6-10-09

Eric Jackson: "There are risks, but I've taken a small position in FITB. I particularly like the insider holdings at this bank (2.4%) and another Ohio-based bank, Huntington Bancshares (HBAN) (9%, with some buying in the last week), compared to a Regions Financial (RF) (where insider holdings are less than 0.5%)." Read the full article here.

long term bargains

Shares of Regions Financial (RF) were tumbling. For more, read TheStreet.com's article.

I believe in selling a lot of the smaller regionals. I don't know what happens to KeyCorp(KEY), Comerica(CMA), SunTrust(STI), Huntington Bancshares(HBAN), Regions Financial(RF) and Fifth Third(FITB). Maybe they will be turned into zombie banks. Maybe they get seized.

inherited shares

You told clients to short the southeastern bank Regions Financial. We did a thorough analysis of their loan-loss exposures. In Florida, in particular, Regions Financial [RF] had a huge amount of exposure that we felt was not captured in the Street's models in terms of what the write-downs would be.

will survive the mascare

financial t/o target?

PE of 7, a PEG of 1.29, and it pays a yield of 3.5%.

advised to pick, when will it turn around?

virtual

GRO/DIV

RF met our estimate at 69 cents on operating basis, but excluded one-time losses of 19 cents on EquiFirst subprime-mortgage operations, which were sold...secondary-mortgage-sale pricing fell precipitously in 1Q07...Period-end balances show lower loans and core deposits. Credit quality mixed...net-interest margin outlook's still negative, per new CFO Al Yother...NIM below 3.80% likely by 3Q07. EPS outlook is still heading lower than management's postmerger goals...Stock's [at] 12 to 13 times forward [price/earnings ratio], but upside seems limited.