Best in banking

April 27, 2016 09:00 AM

The banking sector suffered the most in the 2008-09 credit crisis, and it is the one major sector that has not taken out the pre-credit crisis highs. It hasn’t even come close. In the most recent correction banking stocks lagged far behind the broader market.

While developments present new opportunities to investors, there are a number of regulatory and geopolitical issues that make the banking sector especially volatile. If you are investing in the banking sector, you need to know those who know it well. Below are the top ranked analysts you should be following.

10

Robert Mains, Stifel Nicolaus: Mains covers healthcare real-estate investments trusts (REITs) such as Sabra Health Care REIT, Welltower and HCP. Mains’ average return for all his buy/sell ratings is 13.4%. Out of his 58 total ratings, 
43 have generated a positive return, resulting in a 74% success rate. 

9

Michael Grondahl, Northland Securities: Grondahl covers financial services companies such as Green Dot, WisdomTree Investments (WETF) and Lendingtree Inc. (TREE). Trandahl’s average return for all his buy/sell ratings is 22.3%. Out of his 40 total ratings, 
27 have generated a positive return, resulting in a 
68% success rate. 

8

Gary Tennner, D.A Davidson: Tenner covers bank holding and financial services companies such as Western Alliance, Bofl Holding (BOFI), and SVB Financial Group (SIVNB). Tenner’s average return for all his buy/sell ratings is 16.1%. Out of his 54 total ratings, 42 have generated a positive return, resulting in a 78% success rate. 

7

Daniel Fannon, Jefferies: Fannon covers asset management companies including Eaton Vance Corp. (EV), Och-Ziff Capital (OZM), and Affiliated Managers Group (AMG). Fannon’s average return for all his buy/sell ratings is 12.2%. Out of his 94 total ratings, 66 have generated a positive return, resulting in a 70% success rate. 

6

Harry Fong, MKM Partners: Fong covers property and casualty insurance companies such as Assured Guaranty (AGO), MBIA (MBI), and Cincinnati Financial Corp. (CINF). Fong’s average return for all his buy/sell ratings is 16.1%. Out of his 51 total ratings, 44 have generated a positive return, resulting in an 86% success rate. 

5

Bill Carcache, Nomura Holdings: Carache covers credit service companies and banks including Visa (V), Wells Fargo (WFC) and Discover. Carcache’s average return for all his buy/sell ratings is 12.1%. Out of his 100 total ratings, 72 have generated a positive return, resulting in a 72% success rate. 

4

Jay Gelb, Barclays: Gelb covers insurance and asset management companies like American International Group (AIG), Prudential (PRU) and Ameriprise (AMP). Gelb’s average return for all his buy/sell ratings is 8.4%. Out of his 149 total ratings, 110 have generated a positive return, resulting in a 74% success rate.

3

Casey Haire, Jefferies: Haire covers financial services companies, banks, and bank holding companies including SVB Financial, First Republic Bank (FRC), and Western Alliance. Haire’s average return for all his buy/sell ratings is 25.8%. Out of his 30 total ratings, 27 have generated a positive return, resulting in a 90% success rate.

2

Ross L. Smotrich, Barclays: Smotrich covers retail and office REITs such as Pennsylvania R.E.I.T (PEI), Regency Centers Corp. (REG) and Kimco Realty. Smotrich’s average return for all his buy/sell ratings is 9.4%. Out of his 202 total ratings, 134 have generated a positive return, resulting in a 66% success rate.

1

Steve Manaker, Oppenheimer: Manaker covers retail and office REITs such as City Office REIT (CIO), Highwoods Properties (HIW) and Liberty Property Trust (LPT). Manaker’s average return for all his buy/sell ratings is 14.3%. Out of his 111 total ratings, 92 have generated a positive return, resulting in an 83% success rate.
All statistics as of March 2016.

About the Author

Uri Gruenbaum is the CEO and co-founder of TipRanks, whose proprietary technology is based on natural language processing & machine learning algorithms that constantly track, rank & measure financial experts based on their stock ratings, bringing accountability into the markets. @TipRanks