You Should Bank On It

RASARA Strategies' Raymond C. Stewart says a lot of good news is ahead for banks

Lower rates are expected to boost the bank’s interest income 17% in 2001, while the company’s data-processing operations could be a major component in future earnings growth. Stewart thinks the stock could go from $56 to $65 this year.

Company
Exchange: Symbol

Price*

12-Month
Price
Target

P/E on Projected
2002 Earnings

Est. 5-Yr.
Annual EPS
Growth

Why Stock Will Outperform

North Fork Bancorp
NYSE: NFB
$27.99 $33 14.2 11.8% The company’s recent push into New York City should be a winner.
N.Y. Comm. Bancorp
Nasdaq: NYCB
28.41 35 19.9 13.8 NYCB has made some shrewd acquisitions while maintaining a solid credit profile.
Greater Bay Bancorp
Nasdaq: GBBK
21.19 35 11.9 12.0 Aggressive mergers are increasing the bank’s asset base and income.
National Commerce
NYSE: NCF
23.60 28 20.3 14.0 Company is consolidating its expansion through the South and cutting costs throughout its ranks.
Marshall & Ilsley
NYSE: MI
56.40 65 16.1 10.2 A little-publicized data processing unit is the type of unsung asset that should make earnings pop.
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