Analysts Begin Covering These Banking Shares the Week Ending Nov 11th

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage in the Financial sector for the week ending November 11th, 2011.

  • Zions Bancorp (NASDAQ:ZION): UBS initiated coverage of this company with a rating of Neutral and a price target of $18.5 on Nov 8th. The shares recently traded at $16.41, down $1.14, or 6.5% since the analyst’s rating. About the company: Zions Bancorporation is a bank holding company that operates full-service banking offices in western United States. The Company also offers an array of investment, mortgage, insurance, and electronic commerce services. In addition, Zions provides financing solutions for small businesses across the United States. Get the most recent company news and stock data here >>
  • Wintrust Fin (NASDAQ:WTFC): UBS initiated coverage of this company with a rating of Buy and a price target of $36 on Nov 8th. The shares recently traded at $28.16, down $1.71, or 5.72% since the analyst’s rating. About the company: Wintrust Financial Corporation is a multi-bank holding company providing community-based banking services in various suburbs of Chicago, Illinois. The Banks provide a variety of commercial and personal financial services to individuals, businesses, local governmental units, and institutions. Wintrust also has a financing services subsidiary and a trust subsidiary. Get the most recent company news and stock data here >>
  • Umpqua Holdings (NASDAQ:UMPQ): UBS initiated coverage of this company with a rating of Buy and a price target of $14 on Nov 8th. The shares recently traded at $12.04, down $0.43, or 3.45% since the analyst’s rating. About the company: Umpqua Holdings Corporation is the holding company for Umpqua Bank, an Oregon state-chartered bank. Umpqua Bank is engaged primarily in the business of commercial and retail banking and the delivery of retail brokerage services. The Bank provides asset management, mortgage banking and other financial services to corporate, institutional and individual customers. Get the most recent company news and stock data here >>
  • TCF Financial (NYSE:TCB): UBS initiated coverage of this company with a rating of Buy and a price target of $15 on Nov 8th. The shares recently traded at $10.46, down $0.8, or 7.1% since the analyst’s rating. About the company: TCF Financial Corporation is a national financial holding company. The Company provides retail and commercial banking services. TCF Financial also offers commercial leasing & equipment and commercial inventory financing. Get the most recent company news and stock data here >>
  • KeyCorp (NYSE:KEY): UBS initiated coverage of this company with a rating of Buy and a price target of $10 on Nov 8th. The shares recently traded at $7.22, down $0.32, or 4.24% since the analyst’s rating. About the company: KeyCorp is a financial services holding company. The Company provides a wide range of retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients. Get the most recent company news and stock data here >>
  • Huntington Banc (NASDAQ:HBAN): UBS initiated coverage of this company with a rating of Neutral and a price target of $5.5 on Nov 8th. The shares recently traded at $5.21, down $0.28, or 5.1% since the analyst’s rating. About the company: Huntington Bancshares Incorporated is a multi-state bank holding company. The Company’s subsidiaries provide full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services. Get the most recent company news and stock data here >>
  • FirstMerit Corp (NASDAQ:FMER): UBS initiated coverage of this company with a rating of Buy and a price target of $19 on Nov 8th. The shares recently traded at $14.23, down $0.41, or 2.8% since the analyst’s rating. About the company: FirstMerit Corporation operates primarily as a multi-bank holding company. The Banks attract deposits, originate loans, and provide other banking services. The Company’s non-banking subsidiaries provide securities brokerage, trust, equipment lease financing, insurance, and other services. FirstMerit operates in Ohio. Get the most recent company news and stock data here >>
  • Fifth Third (NASDAQ:FITB): UBS initiated coverage of this company with a rating of Buy and a price target of $15 on Nov 8th. The shares recently traded at $11.87, down $0.62, or 4.96% since the analyst’s rating. About the company: Fifth Third Bancorp is a diversified financial services company that operates banking centers in the Midwestern and Southeastern regions of the United States. The Company’s principal businesses include retail banking, commercial banking, investment advisory, and data processing. Get the most recent company news and stock data here >>
  • Commerce Bancshares (NASDAQ:CBSH): UBS initiated coverage of this company with a rating of Neutral and a price target of $40 on Nov 8th. The shares recently traded at $38.22, down $1.45, or 3.66% since the analyst’s rating. About the company: Commerce Bancshares, Inc., a bank holding company, offers a full line of banking services, including capital markets, trust services, investment management and securities brokerage. The Company also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital, and real estate activities. Commerce operates in multiple states. Get the most recent company news and stock data here >>
  • Comerica (NYSE:CMA): UBS initiated coverage of this company with a rating of Buy and a price target of $33 on Nov 8th. The shares recently traded at $25.87, down $0.98, or 3.65% since the analyst’s rating. About the company: Comerica Incorporated is the holding company for business, individual, and investment banks with operations in the United States, Canada, and Mexico. The Company’s subsidiaries provide services such as corporate banking, international finance, treasury management, community banking, private banking, small business and individual lending, investment services, and institutional trust. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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