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Fly News Breaks for January 9, 2020
STL, HMST, FFWM, CASH, AX
Jan 9, 2020 | 08:40 EDT
Given a more challenging revenue environment, banks in 2020 will likely emphasize expense controls to maintain or improve efficiency ratios, B. Riley FBR analyst Steve Moss tells investors in a research note. The analyst says this, combined with small- and mid-cap banks trading at discounts relative to historical averages, supports his positive outlook on Banks & Thrifts into 2020. The analyst's top five picks for 2020 are Axos Financial (AX), First Foundation (FFWM), HomeStreet (HMST), Meta Financial CASH) and Sterling Bancorp (STL).