St. Pierre is bullish on several depressed regionals, including Synovus, Marshall & Ilsley and Fifth Third, which all trade near their tangible book values: "2009 is going to be a tough earnings year for all these banks. You have to value them on tangible book value and 2010 earnings," he says. Georgia-based Synovus, now around 10, could earn over 90 cents a share in 2010 after just 25 cents in 2009, St. Pierre estimates. It has a poorly performing portfolio of construction loans, but a desirable franchise in Georgia and Florida.

Neutral - Price 8.99 on June 18
by FTN Midwest

We're reducing Georgia-based SNV to Neutral from Buy, to reflect credit issues which appear less likely to peak in 3Q08 for SNV and Southeastern banks. As such, a (partial) rebound in earning power is further out. Market cap: $3.2 billion. Our downward-revised target is 9, based on...10 times FY09 estimates. Market cap: $2.9 billion.

Dividend over 5%. Dividend has increased over at least the last 10 years.

Dividend over 5%. Dividend has increased over at least the last 10 years.

Dividend over 5%. Dividend has increased over at least the last 10 years.

Dividend over 5%. Dividend has increased over at least the last 10 years.

Dividend over 5%. Dividend has increased over at least the last 10 years.

Dividend over 5%. Dividend has increased over at least the last 10 years.

Dividend over 5%. Dividend has increased over at least the last 10 years.

Dividend over 5%. Dividend has increased over at least the last 10 years.

financial