How to play: banking on financial stocks

A look at the Citibank branch in New York, October 18, 2010.

Issue: While third-quarter earnings report presents mixed picture for financial service companies, large declines in bank stocks offer tempting bargains for investors.

NEW YORK (Reuters)-the Bank corrected? The largest u.s. financial company does little to answer that question, provide quarterly results a mixed bag.

Revenues increase at Bank of America, Morgan Stanley, Citigroup and Wells Fargo. In the meantime, JPMorgan Chase

But they all have one thing in common: deeply depressed share prices, which means it is rarely seen cheap for the brave.

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