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Will Bank of America be the next to seek capital infusion?

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Published April 21, 2008 at 12:30 PM
moneybags2006.jpgCitigroup Inc., Morgan Stanley and Merrill Lynch & Co. already blazed the trail taking in billions from sovereign wealth funds. Additionally, National City Corp. and Washington Mutual Inc. have tapped private equity firms for capital. Now boutique investment bank Keefe Bruyette & Woods predicts 23 more banks including Bank of America Corp. will follow their leads. Aside from Bank of America, other large banks on the KBW list of 24 include Fifth Third Bancorp, Sovereign Bancorp and National City, which just announced a $6.7 billion capital infusion -- hence the 23 mentioned in the lead. All of these banks are in the red Monday morning. See the list after the jump. - Matthew Wurtzel

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Capital contenders
24 banks that Keefe Bruyette & Woods expects to seek capital infusions
Name Open Last price Change Mkt cap
($mill.)
Bank of America Corp. 37.79 37.95 -0.61 169095.98
Fifth Third Bancorp 20.9 19.92 -1.03 10613.36
Sovereign Bancorp 9.28 8.56 -0.73 4127.27
National City Corp. 6.46 6.22 -2.11 4031.40
PopularInc. 12.1 11.19 -1.08 3139.33
First Horizon National Corp. 13.1 12.04 -1.02 1526.50
PrivateBancorp 34.61 33.83 -1.13 958.05
Umpqua Holdings Corp. 15.3 15.28 -0.18 917.72
IberiaBank Corp. 46.82 46.25 -1.05 595.27
Boston Private Financial Holdings Inc. 11.06 10.65 -0.66 401.20
Flagstar Bancorp Inc. 6.8 6.39 -0.48 385.48
Anchor BanCorp Wisconsin Inc. 17.04 17.03 -0.16 363.42
Western Alliance Bancorp 11.66 11.30 -0.36 341.48
IndyMac Bancorp 4.34 4.13 -0.27 340.89
Cascade Bancorp 9.23 9.18 -0.05 257.06
W Holding Co. 1.21 1.20 -0.01 197.88
Security Bank Corp. 8.27 7.86 -0.48 184.25
BankAtlantic Bancorp 3.28 3.14 -0.11 176.64
Macatawa Bank Corp. 10.04 10.04 -0.16 170.44
BankUnited Financial Corp. 4.49 4.26 -0.18 151.92
PFF Bancorp Inc. 4.3 3.95 -0.28 89.37
Capital Corp. of the West 7.95 7.76 -0.26 83.84
R&G Financial Corp. 1.5 1.47 -0.03 75.23
Franklin Bank Corp. 1.98 1.77 -0.19 44.90
Source: KBW Capital

 



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Comments

From: Rumi,

Check out this FUNNY CARTOON on you tube where the The Federal Reserve and JP Gobble Bear Stearns

http://www.youtube.com/watch?v=-9_EMDfnTfw

and check out:
www.bearstearnslives.com

Posted on: April 21, 2008 1:18 PM


From: Teresa Hall,

Hysterical - but hardly relevant to the post.

Posted on: April 21, 2008 5:08 PM


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