Regional – Midwest Banks

(CMA) Comerica Marginally Beats on Earnings

Comerica Inc. (CMA) reported first quarter 2013 earnings of 70 cents per share, beating the Zacks Consensus Estimate of 67 cents. Moreover, results surpassed the year-ago quarter earnings per share of 68 cents.

Comerica’s...

27Apr2013 | | Comments Off on (CMA) Comerica Marginally Beats on Earnings | Continued

(USB) U.S. Bancorp’s Capital Plan Approved

Following the release of the Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR) results, U.S. Bancorp (USB) gets the nod for its capital plan along with other major banks. With the approval, the company plans to augment...

2Apr2013 | | Comments Off on (USB) U.S. Bancorp’s Capital Plan Approved | Continued

(USB) U.S. Bancorp Enters Deal With Deutsche Bank AG For Municipal Bond Trustee

U.S. Bank National Association – the lead bank of U.S. Bancorp (USB) – entered into a definitive agreement to obtain Deutsche Bank AG’s (DB) municipal bond trustee...

1Apr2013 | | Comments Off on (USB) U.S. Bancorp Enters Deal With Deutsche Bank AG For Municipal Bond Trustee | Continued

(HBAN) Huntington Bancshares Reports Strong Fourth Quarter

Huntington Bancshares Inc. (HBAN) reported earnings of 19 cents per share in the fourth quarter of 2012, beating the Zacks Consensus Estimate by 2 cents. Results also compared favorably with the prior-year’s earnings of 14 cents.

For...

18Jan2013 | | Comments Off on (HBAN) Huntington Bancshares Reports Strong Fourth Quarter | Continued

(FITB) Fifth Third Bancorp to Buyback Shares

Fifth Third Bancorp (FITB) recently inked a deal to repurchase about $100 million of its outstanding common stock. The share repurchase agreement reached with Credit Suisse International, a division of Credit Suisse Group...

23Dec2012 | | Comments Off on (FITB) Fifth Third Bancorp to Buyback Shares | Continued

(FITB) Fifth Third Bancorp Enjoys Positive Outlook

Fitch Ratings has maintained its Issuer Default Rating (IDR) of “A-” on Fifth Third Bancorp (FITB) last week, but with a positive outlook.

According to the rating agency, the positive outlook on the rating is a reflection...

6Nov2012 | | Comments Off on (FITB) Fifth Third Bancorp Enjoys Positive Outlook | Continued

(NTRS) Northern Trust Misses on Lower Revenues

Northern Trust Corporation’s (NTRS) third-quarter 2012 earnings of 73 cents per share lagged the Zacks Consensus Estimate. The results were in line with the prior quarter’s earnings. Net income was $178.8 million versus $179.6...

29Oct2012 | | Comments Off on (NTRS) Northern Trust Misses on Lower Revenues | Continued

(CMA) Comerica Stays Neutral

We are reaffirming our long-term Neutral recommendation on Comerica Inc. (CMA) based on its fundamentals and capital redeployment measures amidst the current stressed macroeconomic environment.

After reporting encouraging results...

9Oct2012 | | Comments Off on (CMA) Comerica Stays Neutral | Continued

(CRBC) FirstMerit to Buy Citizens Republic Bancorp

Citizens Republic Bancorp Inc. (CRBC) has finally found a buyer in FirstMerit Corporation (FMER). The two banks have reached an agreement under which Citizens will...

8Oct2012 | | Comments Off on (CRBC) FirstMerit to Buy Citizens Republic Bancorp | Continued

(USB) U.S. Bancorp Wins Ratings Upgrade

Credit rating agency, Standard & Poor’s (S&P), ushered in good news for U.S. Bancorp (USB), by raising its long-term issuer credit rating to ‘A+’ from ‘A’ and affirming its ‘A-1’ short-term...

27Aug2012 | | Comments Off on (USB) U.S. Bancorp Wins Ratings Upgrade | Continued

(TAYC) Taylor Capital Group – Momentum – Zacks Rank Buy

Taylor Capital Group Inc. (TAYC) hit a new 52-week high on July 30 after reporting robust second quarter results, which included a 70.8% earnings surprise. Shares of this Zacks #1 Rank (Strong Buy) regional bank have gained 74.9%...

21Aug2012 | | Comments Off on (TAYC) Taylor Capital Group – Momentum – Zacks Rank Buy | Continued

(GABC) German American Bancorp – Value – Zacks Rank Buy

Earnings momentum for German American Bancorp Inc. (GABC) has been advancing since this regional bank posted strong second quarter results, which included an earnings surprise of 11.9%. The company has now surpassed the Zacks Consensus...

20Aug2012 | | Comments Off on (GABC) German American Bancorp – Value – Zacks Rank Buy | Continued

(HBAN) Huntington Bancshares to Redeem $114M Trust Preferred Securities

Huntington Bancshares Incorporated (HBAN) has jumped on the bandwagon of trust preferred securities (TruPS) redemption. On Monday, the company announced that it will redeem TruPS worth $114 million, including the 6.65% securities...

9Aug2012 | | Comments Off on (HBAN) Huntington Bancshares to Redeem $114M Trust Preferred Securities | Continued

(FITB) Fifth Third Bancorp to Redeem $575M TruPS

Earlier this week, Fifth Third Bancorp (FITB) joined the bandwagon of major financial institutions and announced the redemption of trust preferred securities (TruPS) worth $575 million. These include the redemption of 7.25% TruPS...

6Aug2012 | | Comments Off on (FITB) Fifth Third Bancorp to Redeem $575M TruPS | Continued

(HBAN) Huntington Bancshares Earnings Report Beats

Huntington Bancshares Inc. (HBAN) came up with better-than-expected results in the second quarter of 2012. The company reported earnings per share of 17 cents, 2 cents above the Zacks Consensus Estimate. Results were flat sequentially...

23Jul2012 | | Comments Off on (HBAN) Huntington Bancshares Earnings Report Beats | Continued

(FITB) Fifth Third Bancorp to Redeem Trust Preferred Securities Again

On Monday, Fifth Third Bancorp (FITB) announced redemption of trust preferred securities (TruPS) worth $862.5 million yet again, after declaring its plan to redeem $575 million in TruPS only last week.

Fifth Third’s decision...

11Jul2012 | | Comments Off on (FITB) Fifth Third Bancorp to Redeem Trust Preferred Securities Again | Continued

(CMA) Comerica Analyst Stays Neutral on Shares

We have reaffirmed our Neutral recommendation on Comerica Inc. (CMA) based on its fundamentals, stress test clearance and the subsequent capital deployment efforts as well as the current economic environment.

Fourth...

20Apr2012 | | Comments Off on (CMA) Comerica Analyst Stays Neutral on Shares | Continued

(HBAN) Huntington Bancshares Maintain Neutral Rating

We have reaffirmed our Neutral recommendation on Huntington Bancshares Incorporated (HBAN) based on its fundamentals, the share buyback authorization and the recent acquisition of the Fidelity Bank.

Fourth Quarter Result...

19Apr2012 | | Comments Off on (HBAN) Huntington Bancshares Maintain Neutral Rating | Continued

(HBAN) Huntington Bancshares Beats – Revenue Increases

After reporting an in line result in the prior quarter, Huntington Bancshares Inc. (HBAN) came up with better-than-expected results in the first quarter of 2012. The company reported earnings per share of 17 cents, 3 cents above the...

18Apr2012 | | Comments Off on (HBAN) Huntington Bancshares Beats – Revenue Increases | Continued

(NTRS) Northern Trust Corporation Increases Dividend

On Wednesday, Northern Trust Corporation (NTRS) increased its quarterly common stock dividend by 2 cents to 30 cents per share. The dividend will be paid on July 2, 2012 to shareholders of record as of June 8.

The strength...

4Apr2012 | | Comments Off on (NTRS) Northern Trust Corporation Increases Dividend | Continued

(HBAN) Michigan Bank Fails – 2012 Tally Hits 16

Last Friday, the Michigan Office of Financial and Insurance Regulation shuttered Dearborn-based Fidelity Bank, taking the number of failed U.S. banks thus far in 2012 to 16. This follows 92 bank failures in 2011, 157 in 2010, 140 in 2009 and 25 in 2008.

While the financials of a few large banks...

4Apr2012 | | Comments Off on (HBAN) Michigan Bank Fails – 2012 Tally Hits 16 | Continued

(USB) U.S. Bancorp – Bull of the Day

We are upgrading our recommendation on U.S. Bancorp (USB) to Outperform from Neutral based on its solid fundamentals in the midst of a challenging economic environment. The company’s fourth-quarter 2011 earnings surpassed the...

22Mar2012 | | Comments Off on (USB) U.S. Bancorp – Bull of the Day | Continued

(USB) U.S. Bancorp – Bull of the Day

We are upgrading our recommendation on U.S. Bancorp (USB) to Outperform from Neutral based on its solid fundamentals in the midst of a challenging economic environment. The company’s fourth-quarter 2011 earnings surpassed the...

21Mar2012 | | Comments Off on (USB) U.S. Bancorp – Bull of the Day | Continued

(FITB) Fifth Third Bancorp Offers Senior Notes

Last Friday, Fifth Third Bancorp (FITB) announced the public offering of its senior notes worth $500 million. The 10-year senior notes bear a coupon rate of 3.5% and were sold at 99.306% of the principal amount.

Fifth Third...

7Mar2012 | | Comments Off on (FITB) Fifth Third Bancorp Offers Senior Notes | Continued

(USB) U.S. Bancorp to Buy Trust Business

U.S. Bancorp (USB) is making a strategic acquisition for its institutional trust and custody division. The company through its lead bank, U.S. Bank National Association, has entered into a definitive agreement to buy...

6Feb2012 | | 0 comments | Continued

(USB) U.S. Bank Failures Hit 7 So Far in 2012

Last Friday, four more banks were shuttered by U.S. regulators. The failed banks were based in Florida, Tennessee and Minnesota. This brings the total number of bank failures to 7 so far in 2012, following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008.

While the financials of a few large...

3Feb2012 | | 0 comments | Continued

(USB) U.S. Bancorp Acquires BankEast

U.S. Bancorp (USB) is focused on expanding its business through acquisitions. The company’s lead bank, U.S. Bank National Association, acquired the banking operations of BankEast, a subsidiary of BankEast Corporation,...

3Feb2012 | | 0 comments | Continued

(NTRS) Northern Trust Acquires Omnium

Last Friday, Northern Trust Corporation (NTRS) completed the acquisition of Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration, will...

3Aug2011 | | 0 comments | Continued

(MI) Bank of Montreal Completes Marshall & Ilsley Acquisition

The acquisition of Marshall & Ilsley Corporation (MI) by Bank of Montreal (BMO) finally drew to a close on Tuesday, following BMO’s repayment of $1.715 billion...

6Jul2011 | | 0 comments | Continued

(FITB) Fifth Third Bancorp Analyst Stays Neutral

We have reiterated our Neutral recommendation on Fifth Third Bancorp (FITB) following a detailed analysis of the company’s fundamentals, strengths and weaknesses in the context of the current...

29Jun2011 | | 0 comments | Continued