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Compass Point suspends coverage of 11 banks

Compass Point suspended coverage of 11 regional banks due to a reallocation of resources.

"As a result, our prior research should no longer be relied upon," according to an Oct. 16 flash note from Compass Point's Scott Valentin.

The banks are Citizens Financial Group Inc., Comerica Inc., Cullen/Frost Bankers Inc., Fifth Third Bancorp, Huntington Bancshares Inc., KeyCorp, New York Community Bancorp Inc., Prosperity Bancshares Inc., Regions Financial Corp., TCF Financial Corp. and Zions Bancorp.