Don't Bank On Them
If a sector is only as attractive as its weakest players, then the recent positive earnings vs. expectations for both Bank of America (BAC) and Citigroup (C) should be good news for the whole banking industry.
This pair of perennial laggards in the banking sector is beginning to show signs of a turnaround. A significant part of their weakness was due to losing tens of billions of dollars on questionable real estate holdings. However, their problems were magnified by unsustainable cost structures and inadequate capital levels....515 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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