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Two L.A. Asian American banks near top of national stock ratings
Two L.A. Asian American banks near top of national stock ratings

Two of Los Angeles' many Asian American banks ranked near the top of analysts' national lists of bank stocks that investors should buy, a signal of economic strength in local immigrant communities. Financial information provider SNL Financial ranked BBCN Bancorp second of all bank stocks nationally, with six of seven analysts, or 87%, rating Koreatown's largest bank a "buy" or "outperform." Only the parent of South Carolina Bank and Trust had a more positive endorsement from analysts. Cathay General Corp., the oldest Chinatown bank, held the No. 5 slot, with six of eight analysts issuing buy recommendations. Also in the top 20 were PacWest Bancorp...

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