Saturday, September 26, 2009

>U.S. Financials – Making Progress (CITI)

Larger Banks Outperforming Regionals

Most large banks profitable, regional banks struggled in Q2 09

Larger banks benefiting from capital markets and mortgage refi “boomlet”

Regionals under pressure because of commercial real estate, middlemarket loans

Liquidity and capital issues are off the table for most large banks

Some signs of moderation in NPA growth

To see full report: U.S. FINANCIALS