5 Bank Stocks Wilting Under the Summer Sun

At a recent investor presentation, the bank laid out potential revenue strategies from its acquisition of Whitney and said it is on the lookout for more deals.

The bank was also optimistic about expanding into Texas, which it said was exhibiting organic loan growth.

Six analysts rate the stock a buy, while seven rate it a hold.

3. Bank of America

Shares of Bank of America(BAC) was among the top Dow performers in the first quarter, rising 71%.

Since the end of the first quarter, the stock has shed 25%. Year-to-date, it is still up by about 28%.

Bank of America has had a much-needed reprieve from negative headlines this year. Concerns about capital adequacy, which raged throughout last year have abated significantly after the bank easily passed the Fed's annual stress test.

The bank learned from its earlier lessons, wisely choosing not to request the regulator to allow it to return more capital. That saved it the embarrassment of being rejected, a fate suffered by rival Citigroup(C) ..

Unlike last year, most of the negative headlines in recent months have revolved around its peers Citigroup, JPMorgan, Goldman Sachs and Morgan Stanley.

Still, analysts are worried about its ability to generate earnings that justify its valuation, given low interest rates, higher expenses and continuing legacy mortgage issues and legal costs.