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 |
Price* |
12-Month |
P/E on Projected |
Est. 5-Yr. |
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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