Gerard Cassidy, RBC Capital Markets

SunTrust Banks, Inc. (STI) - Gerard Cassidy at RBC Capital Markets

Considering these developments, how should you be trading? I'd watch Suntrust [ STI 27.08 +0.59 (+2.23%) ] , says RBC Capital Markets analyst Gerard Cassidy. I think it could become available. And it could go out for something north of $50 a share 

Emigrant Savings Bank - Gerard Cassidy at RBC Capital Markets

The Texas ratio at Emigrant's parent is 113%. "It means your sandbags to protect against the flood are getting deluged," said Gerard Cassidy, a banking analyst at RBC Capital Markets, who said that he finds it startling that Emigrant is in such a situation. The bank has more than $11 billion in customer deposits at 34 branches in New York and its suburbs, and through an online operation. The Milsteins built their fortune — estimated by Forbes to be $3.8 billion — on savvy real estate investing, and chief executive Howard Milstein in years past has deftly steered the bank clear of the mortgage problems that have sunk rivals 

Emigrant Savings Bank - Gerard Cassidy at RBC Capital Markets

The Texas ratio at Emigrant's parent is 113% "It means your sandbags to protect against the flood are getting deluged," says Gerard Cassidy, a banking analyst at RBC Capital Markets 

PNC Financial Services Group Inc. (PNC) - Gerard Cassidy at RBC Capital Markets

PNC, ranked fifth by deposits in the US, was the largest commercial bank still holding TARP money that hadn't announced a repayment plan "With the announced plan for TARP repayment in the first quarter 2010 and the issuance of $3 billion of common equity, our concerns about further shareholder dilution later in the year have been eliminated," said RBC Capital Markets analyst Gerard Cassidy in a note to investors today 

Wells Fargo & Company (WFC) - Gerard Cassidy at RBC Capital Markets

That surprised analysts polled by Thomson Reuters, who were expecting a loss of 1 cent per share Adam Barkstrom, a managing director at Sterne Agee, shared the skepticism over Wells Fargo's forecast, saying: "I think it's still too early to make that prediction" Gerard Cassidy, an RBC Capital Markets banking analyst, said losses from failed loans usually peak six months after a recession ends Given Wells Fargo's surprise profit, "it seems to us that there's ample evidence that banks' credit problems will be peaking shortly," Cassidy said 

The Bank of New York Mellon Corporation (BK) - Gerard Cassidy at RBC Capital Markets

Headcount on December 31 was 42,200, down 300 from a year earlier RBC Capital Markets analyst Gerard Cassidy called the figures respectable but said the tax benefit could make them harder to reproduce in future quarters "They had decent numbers, they weren't bad, but weren't great," he said 

Citigroup Inc. (C) - Gerard Cassidy at RBC Capital Markets

The bank's ugliest results came in consumer banking, where losses widened from the third quarter "US consumer credit remains an issue," Citigroup Chief Executive Vikram Pandit said in a conference call Tuesday Although the results were worse than expected, Citigroup's shares jumped 12 cents, or 35%, to $354, apparently because the company added less in the latest period than in the third quarter to its accounting provisions for future loan losses "Things have gotten worse, but at a much slower rate," said Gerard Cassidy, a bank analyst at RBC Capital Markets in Portland, Maine Among the big banks, few have suffered as much as Citigroup from the mortgage meltdown and resulting crises and market downturns 

The Student Loan Corporation (STU) - Gerard Cassidy at RBC Capital Markets

The company was expected to lose 30 cents a share, the average estimate of 18 analysts surveyed by Bloomberg Story continues below AP photo Citibank still has "a lot of work to do as they go forward, both on the credit side but also on the revenue side," said Gerard Cassidy, an analyst at RBC Capital Market Chief Executive Officer Vikram Pandit had to book an $8 billion pretax charge when he repaid $20 billion of bailout funds in December to avoid being left behind by rival banks that exited the Troubled Asset Relief Program Revenue missed analysts' estimates as trading results declined from the third quarter "They still have a lot of work to do as they go forward, both on the credit side but also on the revenue side," Gerard Cassidy, an analyst at RBC Capital Market, said in a Bloomberg Television interview 

Citigroup Inc. (C) - Gerard Cassidy at RBC Capital Markets

Bloomberg News Citigroup Inc, the bank that is 27 percent owned by the Treasury Department, posted a $76 billion fourth quarter loss on costs to exit the US bailout program, giving the company its second straight unprofitable year The loss of 33 cents a share was narrower than the record loss of $173 billion, or $340 a share, in the same period of 2008, New York based Citigroup said Tuesday in a statement The company was expected to lose 30 cents a share, the average estimate of 18 analysts surveyed by Bloomberg Story continues below AP photo Citibank still has "a lot of work to do as they go forward, both on the credit side but also on the revenue side," said Gerard Cassidy, an analyst at RBC Capital Market 

State Street Corporation (STT) - Gerard Cassidy at RBC Capital Markets

"This is classic State Street, growing its business through a complementary acquisition that over time is going to add to revenues and earnings,'' said Gerard Cassidy, a longtime banking analyst with RBC Capital Markets in Portland, Maine The latest deal focuses on building State Street's European business, especially in Italy, where it has only a small presence