Stock price when the opinion was issued
The idea of this is capitalizing on the US consumer, which he feels will be active in the coming years. Regional banks will benefit in the sense that consumers are going to be visiting their branches to get a larger credit card, borrow against their home, etc. Regional banks provide that day-to-day banking service. Good-looking balance sheet. Have reduced their number of underperforming loans and have lots of cash on the side for future ones. Dividend yield of 3.88%.
(A Top Pick July 10/15. Down 2.96%.) This was acquired by a larger regional bank.