Rate hike is unlikely, but banks will benefit from a favorable yield curve if the Fed decides to repurchase short-term assets.
Quite a few U.S. banks are likely to face billions of dollars of loan losses because of hurricanes Harvey and Irma.
On Jun 29, shares of Northern Trust Corporation (NTRS) hit a new 52-week high of $98.72. Is There More Steam Left?
Comerica is one of many regional banks seeking to unload portfolios of loans tied to distressed exploration and production (E&P) companies as oil prices stubbornly remain below $50 per barrel.
Comerica Incorporated's (CMA) robust organic growth and strong balance sheet position the stock well to move higher.
Ratings of Fifth Third Bancorp (FITB) and its subsidiaries have been affirmed by the Moody's Investors Service, a rating arm of Moody's Corporation (MCO).
Though First Republic Bank (FRC) has recorded escalating expenses, it has been growing through considerable top-line strength on growth in loans and deposits balances.
The Bank of New York Mellon Corporation's (BK) efficient cost-saving initiatives and easing margin pressure position it well for future growth. However, higher dependence on fee-based income sources makes us apprehensive.
Moody's Investors Service, the credit rating wing of Moody's Corporation (MCO), upgraded the outlook of Ares Capital Corporation (ARCC) from negative to positive.
Recent developments in the banking sector, including the Fed interest rate hike and approval of Financial Choice Act, are driving factors for investors to add banking stocks to their portfolio. German American Bancorp, Inc. (GABC) is one such stock.
On Jun 20, we issued an updated research report on Synovus Financial Corp (SNV).
Community Trust Bancorp, Inc. (CTBI), with robust fundamentals and growth opportunities, is likely to perform well in the near term.
On Jun 19, we issued an updated research report on Moody's (MCO).
Moody's Investors Service, a rating arm of Moody's Corporation (MCO), upgraded senior unsecured rating of Fidelity National Information Services, Inc. (FIS) to Baa2 from Baa3.
Fed interest rate hike and the approval of Financial Choice Act, are driving factors for investors to add banking stocks to their portfolio. First Financial Bankshares, Inc. (FFIN) is one such stock.
Eaton Vance Corp. (EV) offers a profitable investment opportunity driven by steady earnings growth.
Moody's Investors Service, the rating services arm of Moody's Corporation (MCO), downgraded the senior secured and unsecured debt ratings of Ocwen Financial Corporation (OCN) from Caa1 to Caa2.
Horizon Bancorp (HBNC) announced on June 14, 2017 that it has agreed to acquire Wolverine Bancorp, Inc. (WBKC) and its wholly-owned subsidiary, Wolverine Bank.
As part of its 2016 Amended Capital Plan, CIT Group Inc. (CIT) announced that it has completed the repurchase of 818,071 shares for a total of $38 million through an OMR and entered into an additional ASR worth $512 million.