Regional Banks Still Outdo Giants Despite Downgrades

Regional bank stocks are still in positive territory for the year and outperforming the global bank giants, despite downgrades of Huntington Bancshares (HBAN) and Regions Financial (RF) on Monday.


As a group, major regional banks are up about 6% for 2012, while the top money center banks are down nearly 4%, going negative on Friday's dismal jobs report.


In intraday trading, Regions was sinking 5% and Huntington was off 4%.

 

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