Frank J. Barkocy, a veteran Wall Street banking analyst, has joined Josephthal, Lyon & Ross Inc., a New York brokerage firm.

Mr. Barkocy, 51, who specializes in superregional banks, has tracked the industry for 25 years. "I expect that consolidation will remain among the biggest investment themes for this group," he said recently.

Mr. Barkocy was previously an analyst in New York at Advest Inc. for five years and Merrill Lynch & Co. for 20 years. He joined Josephthal as a senior vice president for research.

Among the superegional banks he covers are Norwest Corp., National City Corp., Fleet Financial Group, Bank of Boston Corp., Banc One Corp., PNC Bank Corp., and KeyCorp.

In addition, he follows several thrift institutions, including Poughkeepsie Savings Bank and Albank Financial Corp.

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