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.
Carolina Financial Corporation (CARO) has a number of aspects like strong leverage, superior return on equity etc. that make it an attractive investment option now.
BofA (BAC) closed the deal to divest its U.K. consumer credit card operations, MBNA Ltd. to Lloyds Banking Group plc (LYG).
KeyCorp's (KEY) banking subsidiary, KeyBank National Association, has agreed to acquire HelloWallet, a personal financial software product from Morningstar, Inc.
Moody's Investors Service affirmed all the ratings of Wells Fargo & Company (WFC) and its subsidiaries. The Wall Street biggie's long-term deposit rating has been affirmed at A2, senior debt rating at Aa2 and subordinated debt rating at Aa3.
In order to improve infrastructure in the U.S, The Blackstone Group L.P. (BX) and Saudi Arabia's Public Investment Fund have planned to create a new investment vehicle.
Regions Financial Corporation (RF) is one such stock. Though the company displays mixed prospects for revenue growth, cost-saving initiatives are anticipated to support bottom-line growth. However, strict regulations and litigation issues remain concerns.
Synovus Financial Corp. (SNV) is one such stock that not only beat estimates this time, but has also been witnessing upward estimate revisions, reflecting analysts' optimism about its future prospects.