Regional Banks May Bounce (ZION, MI, FITB, RF, HBAN)

Regional banks have been dumped by investors over the last few months on concerns the economy may be slowing down or even entering a "double-dip" recession.

The health of regional banks is closely tied to employment and housing. As unemployment remains stubbornly high and housing sales falter, regional banking names have seen their stock prices decline dramatically.

But, this decline may present an opportunity for those with a high risk tolerance. Many of these banks have said credit quality is improving and writedowns have peaked. With these banks well off their 52-week highs, opportunity may be knocking.

Here are some names in the sector and how they have traded over the last three months.

Zion (NASDAQ: ZION) currently trades at $18.49 and is down 20% over the last three months.

Marshall & Ilsley (NYSE: MI) currently trades at $6.48 and is down 18% over the last three months.

Fifth Third (NASDAQ: FITB) trades for $11.08 and is down 10% over the last three months.

Regions Financial (NYSE: RF) trades for $6.54 and is down 11.7% over the last three months.

Huntington Bancshares (NASDAQ: HBAN) trades for $5.34 and is down 9.9% over the lst three months.