Written on Sun, 05/09/2010 - 23:10
By Chip Brian
Below are the top five companies in the Regional Banks industry as measured by beta. Higher-beta stocks mean greater volatility and risk, however they may provide the potential for higher returns when the stock market rebounds.
Oriental Financial Group (NYSE:OFG) ranks first with a beta of 2.3; Citizens Republic Bancorp (NASDAQ:CRBC) ranks second with a beta of 2.2; and Fifth Third Bancorp (NASDAQ:FITB) ranks third with a beta of 2.1.
South Financial (NASDAQ:TSFG) follows with a beta of 2.1 and Sterling Financial (NASDAQ:STSA) rounds out the top five with a beta of 2.1.
SmarTrend is bearish on shares of STSA and our subscribers were alerted to Sell on April 28, 2010 at $1.10. The stock has fallen 25.5% since the alert was issued.
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