Banking stocks: Yea or nay?

Wong: The key wild card to the domestic banking sector is the performance of the US economy.

WITH all the turmoil that has been going on in the banking sector overseas, could it be time to sell, buy or hold on to your local banking stocks?

A cursory glance at the general valuations of lenders may indicate that stocks are compelling right now, given that most are trading at below one-time book value, which means that they offer some kind of value to investors.