Siegenthaler Endorses Keycorp, Fifth Third Bank And Synovus (CS, KEY, FITB, SNV)
The banking sector is likely to see an increase in merger & acquisition activity soon.
In an interview with CNBC, Craig Siegenthaler, analyst at Credit Suisse (ADR) (NYSE: CS), said, “Financial regulatory reform is weighing on everything, but we’ll have some disclosure around July in terms of what the rules are. With those as the support, plus continued credit quality improvement, we should start to have better visibility in terms of bank M&A.” He added that the current merger & acquisition activities are too small.
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