Rising From The Ashes: 5 Undervalued Regional Bank Stocks Poised For Growth As Industry Rebounds
Portfolio Pulse from Piero Cingari
Regional bank stocks are recovering from the crisis that struck the industry in March 2023, with the SPDR Regional Banking ETF (NYSE:KRE) soaring by 10% in the first week of June. Five regional bank stocks with potential for growth are Western Alliance Bancorporation (NYSE:WAL), Zions Bancorporation (NASDAQ:ZION), East West Bancorp, Inc. (NASDAQ:EWBC), Huntington Bancshares Incorporated (NASDAQ:HBAN), and KeyCorp (NYSE:KEY).
June 07, 2023 | 1:50 pm
News sentiment analysis
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POSITIVE IMPACT
East West Bancorp, Inc. (NASDAQ:EWBC) has a month-to-date return of 11% and a 19% return over the past month, with a potential 40% gain to reach pre-March 2023 levels.
EWBC's recent performance and potential 40% gain to reach pre-crisis levels indicate a strong recovery and growth potential. Investors may find this stock attractive due to its undervalued position and growth prospects.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Huntington Bancshares Incorporated (NASDAQ:HBAN) has a month-to-date return of 8% and a 14.4% return over the past month, with a potential 33% gain to reach pre-March 2023 levels.
HBAN's recent performance and potential 33% gain to reach pre-crisis levels indicate a strong recovery and growth potential. Investors may find this stock attractive due to its undervalued position and growth prospects.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
KeyCorp (NYSE:KEY) has a month-to-date return of 13% and a 9% return over the past month, with a potential 70% gain to reach pre-March 2023 levels.
KEY's recent performance and potential 70% gain to reach pre-crisis levels indicate a strong recovery and growth potential. Investors may find this stock attractive due to its undervalued position and growth prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The SPDR Regional Banking ETF (NYSE:KRE) has soared by 10% in the first week of June, indicating a recovery in the regional banking industry.
The 10% increase in KRE's value indicates a positive sentiment towards the regional banking industry. As the industry recovers, KRE is likely to benefit from the overall growth, making it a potentially attractive investment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Western Alliance Bancorporation (NYSE:WAL) has a month-to-date return of 17% and a 41% return over the past month, with a potential 90% gain to reach pre-March 2023 levels.
WAL's recent performance and potential 90% gain to reach pre-crisis levels indicate a strong recovery and growth potential. Investors may find this stock attractive due to its undervalued position and growth prospects.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Zions Bancorporation (NASDAQ:ZION) has a month-to-date return of 13% and a 23% return over the past month, with a potential 67% gain to reach pre-March 2023 levels.
ZION's recent performance and potential 67% gain to reach pre-crisis levels indicate a strong recovery and growth potential. Investors may find this stock attractive due to its undervalued position and growth prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100