Bank stocks may be inexpensive right now, but it is still not time to he an aggressive investor in them, according to George M. Salem, the banking analyst at Prudential Securities Inc.

Besides the likelihood of rising interest rates Mr. Salem is also worried about crucial structural issues for the industry. Banks are confronted by both weak loan demand and weak deposit growth for the indefinite future.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.