Small Banks are Rebounding
After 2 years of doing little in terms of constructive price action, we've seen two sectors very strong over the past quarter:
Homebuilders $XHB and Regional Banks $KRE
It appears as though the market is expecting credit conditions to continue to improve as we head into 2012, and potentially dividend hikes as business starts to pick up in these names.
Many of these stocks are very extended, but I have one regional bank that could be worth a look.
To see the bank as well as a simple option trade idea for the name, simply share this video below!