MASTERCARD $584.78

Uncertainty about procedure growth may be opening a window in these often-expensive shares

In any case, I think U.S. Bancorp and Wells Fargo offer more upside from today's levels than Bank of America.

With interest rates so low, loan demand pretty sluggish, and regulations chewing into once-lucrative sources of income, most banks are stuck in a holding pattern. That's particularly true for those banks with relatively clean credit stories that don't have the tailwind of improving provision and loan loss reserve releases to pump up results.

As is the case at other regional/super-regional banks like Wells Fargo, U.S. Bancorp looks undervalued today provided you're willing to project improving returns.

After being commercial real estate’s whipping boy since the Great Recession, the lodging sector is finally beginning to bounce back. For investors, betting on the sector could now make sense, as key metrics continue to improve.