Best, worst bank stocks include 4 Chicago heavy hitters

By Becky Yerak
Posted Sep. 16, 2010 at 12:57 p.m.

Four banks with a meaningful Chicago presence made a list of the 20 best- and 20 worst-performing Midwest bank stocks.

The 20 best-performing Midwest bank stocks year to date include Chicago-based PrivateBancorp Inc. andĀ  Cincinnati-based Fifth Third Bancorp, according to a report released Thursday by Oppenheimer & Co. Fifth Third ranks eighth in depositĀ  market share in the Chicago area.

The 20 laggards included Chicago-based MB Financial Inc. and Aurora-based Old Second Bancorp Inc.

Midwest bank stocks are up 9 percent this year and 8 percent from a year earlier.

That compares with 21 percent and 18 percent, respectively, for the Standard & Poor’s regional bank index.

PrivateBancorp is up 30.3 percent year to date, but down 52.3 percent from a year earlier, the Oppenheimer study shows.

Fifth Third is up 28.1 percent and 26.8 percent, respectively.

MB is down 14.1 percent year to date and 5.7 percent.

Old Second is down 85.9 percent year to date and 82.5 percent.

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