The broader stock market didn't seem to mind the fact that first-quarter GDP was revised downwards, and that was especially the case for regional banks today.
Unlike many Wall Street banks, these regional banks are very tied to the American consumer, and they were smiling after hearing today's new numbers.
In this segment of The Motley Fool's everything-financials show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss a few stocks moving and shaking on the news.
Banks have been on a comeback trail, leading to big outperformance by bank stocks. But many investors are still spooked by "too big to fail" banking giants and their opaque balance sheets. Could that make regional bank Huntington Bancshares the perfect investment? To help figure out whether Huntington is a buy today, I invite you to read our premium research report on the bank. Click here now for instant access.
To view Where the Money Is in its entirety, click here!
The article Banks Eager to Get Back to Business originally appeared on Fool.com.David Hanson owns shares of JPMorgan Chase and Regions Financial. Matt Koppenheffer owns shares of JPMorgan Chase, Regions Financial, and PNC Financial Services. The Motley Fool recommends Visa. The Motley Fool owns shares of Huntington Bancshares, JPMorgan Chase, KeyCorp, and PNC Financial Services. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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