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California economy helps Asian American banks become analyst top picks
California economy helps Asian American banks become analyst top picks

California's immigrant-heavy economy looks strong through the lens of regional bank results, with two of Los Angeles' many Asian American banks near the top of analysts' national lists of bank stocks that investors should buy. According to financial information provider SNL Financial, BBCN Bancorp recently held the No. 2 slot, with six of seven analysts, or 87%, rating Koreatown's largest bank a "buy" or "outperform," meaning it would do better than other banks across the nation.  Only the parent of South Carolina Bank & Trust, with 100% "buys," had a more positive endorsement from analysts.  Cathay General Corp., the oldest...

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