East West Bancorp and M&T Bank Corp — Two Great Looking Regional Banks

Model Portfolio Daily Update:  December 10, 2010

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Of Note:
East West Bancorp, Inc. (EWBC) moved from the S&P 600 to the S&P 400 as of December 17, 2010.  East West Bancorp, a long model portfolio stock, and M&T Bank Corp (MTB) which is another highly ranked financial in our weekly ranking update, have been mentioned positively over the last few weeks.  We cannot find the clip, but these two were mentioned as one bank stock analysts top two picks on CNBC a week or two ago.  Here is EWBC mentioned again in this CNBC on a Dec 8 clip at around 3:45.  As we have mentioned on numerous occasions, y using our approach that focuses on 1) Relative Value, 2) Operating Momentum; 3) Analyst Revision Momentum; and 4) Fundamental Quality, very often one is able to uncover great stock ideas before they are popularized by the media and sell side analysts.  For December 2010 to date, stocks in our model long portfolios have experienced seven major positive sell side actions.

About this report
This daily update is a supplement to a monthly report dated November 30, 2010 that details the model portfolio strategies of Ascendere Associates LLC (“Ascendere”).

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