Story Stocks: Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), Hewlett-Packard (NYSE:HPQ), Oracle (NASDAQ:ORCL)
September 08, 2010 at 16:35 PM EDT
U.S. Bancorp and PNC Financial Services Group Inc. may lead the biggest boom in bank takeovers since 2007, and this time, the largest lenders can only sit and watch. Bank loans outstanding have dropped 10 percent since October 2008, the deepest contraction in more than 35 years, according to Goldman Sachs Group Inc. That’s left banks with unused lending capacity, idle cash and depressed market values, making laggards ripe for consolidation, according to KBW Inc., Rochdale Securities LLC and CreditSights Inc. Potential targets include KeyCorp, SunTrust Banks Inc. and Regions Financial Corp. Buyers probably won’t have to bid against the four biggest U.S. lenders, keeping a lid on prices. Bank of America (NYSE:BAC), JPMorgan Chase &… . . . → Full Story: Story Stocks: Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), Hewlett-Packard (NYSE:HPQ), Oracle (NASDAQ:ORCL)