Asset Management, Investment and Money Center Banks

February 24, 2017

Buy ($175)

Companies covered: National Holdings Corporation (NASDAQ:NHLD), Principal Financial Group Inc (NYSE:PFG), SunTrust Banks, Inc. (NYSE:STI), Waddell & Reed Financial, Inc. (NYSE:WDR), T. Rowe Price Group, Inc. (NASDAQ:TROW), Franklin Resources, Inc. (NYSE:BEN), Affiliated Managers Group, Inc. (NYSE:AMG), Invesco Ltd. (NYSE:IVZ), Legg Mason, Inc. (NYSE:LM), Goldman Sachs Group, Inc. (The) (NYSE:GS), Morgan Stanley (NYSE:MS), CIT Group Inc (NYSE:CIT), Leucadia National Corporation (NYSE:LUK), Bank of America Corporation (NYSE:BAC), Apollo Global Management, LLC (NYSE:APO), Blackstone Inc. (NYSE:BX), KKR & Co. L.P. (NYSE:KKR), The Carlyle Group L.P. (NASDAQ:CG), Citigroup Inc. (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), Bank Of New York Mellon Corporation (The) (NYSE:BK), Northern Trust Corporation (NASDAQ:NTRS), State Street Corporation (NYSE:STT), BB&T Corporation (NYSE:BBT), Fifth Third Bancorp (NASDAQ:FITB), First Horizon National Corporation (NYSE:FHN), Huntington Bancshares Incorporated (NASDAQ:HBAN), KeyCorp (NYSE:KEY), M&T Bank Corporation (NYSE:MTB), PNC Financial Services Group, Inc. (The) (NYSE:PNC), Regions Financial Corporation (NYSE:RF), U.S. Bancorp (NYSE:USB), Wells Fargo & Company (NYSE:WFC), Zions Bancorporation (NASDAQ:ZION), BlackRock, Inc. (NYSE:BLK), Evercore Partners Inc (NYSE:EVR), Apple Inc. (NASDAQ:AAPL)