Bank stocks rose steadily in 2010, but many have struggled since
reporting first-quarter results. As a benchmark, the
Financial Select Sector SPDR
) is down 8% from its February high.
Some bank stocks have faired worse than others, so we came up
with a list of some of the most unpopular bank stocks to sell.
Investors have not shown these financials much love, and that is
unlikely to change in the near future.
Here are six bank stocks to sell:
Morgan Stanley (MS)
Global financial service firm
) is first on the list of stocks to sell, having dropped 23% since
the February high and 15% overall for 2011. Additionally, experts
are expecting earnings of just 61 cents, after the company posted
EPS of 80 cents this quarter last year.
Goldman Sachs Group (GS)
Bank and financial holding company
) is down 20% since the beginning of the year. In its last income
statement, this overweight stock posted quarterly earnings growth
of -21% and a quarterly revenue growth of -7%, year-over-year.
Nomura Holdings (NMR)
Japanese financial service company
) has watched its stock value drop 24% in 2011. Additionally, NMR
posted quarterly earnings growth of -35%, year-over-year, in its
last income statement.
Northern Trust Corp. (NTRS)
Financial holding company
Northern Trust Corp.
) is another overweight stock to sell, down 14% year-to-date.
Analysts are projecting earnings to drop six cents, compared to
last year's EPS.
Credit Suisse Group (CS)
Swiss financial services company
Credit Suisse Group
) is projected to have earnings drop of 23 cents this quarter,
compared to 2010. Moreover, the stock has lost 4% in the last 30
days and 7% in the last three months.
State Street Corp. (STT)
Boston-based holding company
State Street Corp.
) is another stock you should consider cutting from your portfolio.
Down 3% in the last month and 5% year-to-date, STT also posted
quarterly earnings growth of -5% in its last income statement.