Secondary Offerings' Results Give Banks a Lift By Jim Cramer About this article: It is almost impossible these days to figure what's driving these banks: earnings, TARP, supply, demand, rates? The group has become inscrutable. But I have a new theory. We are pretty much done with the secondaries, with the exception of Bank of America, which will probably insist right into the end that it doesn't need an equity offering, and SunTrust, which won't be all that big if and when it happens. . That means the supply will peter out in one week's time. The successful BB&T deal and the small size of the PNC deal emboldens us. Fifth Third and Huntington Bancshares? I want in on the latter if it happens; I will pass on the former. This means we could be out of the banking woods for now, and you see what happens when the supply lifts. They love the group! I am thinking maybe circling... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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