May 4, 2010

Wilbur Ross: We Are Going To Have Enormous Consolidation In The Banking Sector

“We’re going to have an enormous consolidation of banks in this country. The US has 8000 banks, and of those 8000 banks, a couple of hundred have already failed.”

Wilbur Ross, in Bloomberg

Related stocks: Citigroup Inc. (Public, NYSE:C), Bank of America Corporation (Public, NYSE:BAC), Fifth Third Bancorp (Public, NASDAQ:FITB), Huntington Bancshares Incorporated (Public, NASDAQ:HBAN), KeyCorp (Public, NYSE:KEY), Zions Bancorporation (Public, NASDAQ:ZION)

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