Stock Blog Hub » Regional – Midwest Banks

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

vitalstocks — Mon, 06 Feb 2012 20:30:38 +0000

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 from Union Bank, N.A. its institutional trust business that offers services to retirement plans, labor management trusts and registered investment advisors. Union [...]

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

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

vitalstocks — Fri, 03 Feb 2012 18:17:11 +0000

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 [...]

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

(USB) U.S. Bancorp Acquires BankEast

vitalstocks — Fri, 03 Feb 2012 18:07:27 +0000

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, in a Federal Deposit Insurance Corporation (FDIC) assisted deal. It is based in Knoxville, Tennessee. What’s the Deal? As part of the transaction, approximately $272 [...]

(USB) U.S. Bancorp Acquires BankEast

(NTRS) Northern Trust Acquires Omnium

vitalstocks — Wed, 03 Aug 2011 16:21:09 +0000

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 enhance Northern Trust’s capabilities and create an industry-leading hedge fund administration platform for institutional investors. Omnium will be integrated into Northern Trust’s [...]

(NTRS) Northern Trust Acquires Omnium

(MI) Bank of Montreal Completes Marshall & Ilsley Acquisition

vitalstocks — Wed, 06 Jul 2011 19:34:20 +0000

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 of Troubled Asset Relief Program (TARP) money that M&I had borrowed from the U.S. Treasury in 2008. Along with this repayment, which was a part of the acquisition deal, [...]

(MI) Bank of Montreal Completes Marshall & Ilsley Acquisition

(FITB) Fifth Third Bancorp Analyst Stays Neutral

vitalstocks — Wed, 29 Jun 2011 20:34:23 +0000

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 economic environment. Fifth Third’s first quarter 2011 earnings of 10 cents per share were significantly below the Zacks Consensus Estimate of 27 cents per share. The results were [...]

(FITB) Fifth Third Bancorp Analyst Stays Neutral

(NTRS) Northern Trust Analyst Stays Neutral on Shares

vitalstocks — Wed, 29 Jun 2011 16:44:44 +0000

We are maintaining our Neutral recommendation on Northern Trust Corporation (NTRS) based on favorable acquisition spree and global expansions of the company. In May 2011, Northern Trust agreed to acquire Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration, will enhance Northern [...]

(NTRS) Northern Trust Analyst Stays Neutral on Shares

(HBAN) Huntington Bancshares Upgraded

vitalstocks — Sun, 26 Jun 2011 17:22:08 +0000

We have upgraded our recommendation on Huntington Bancshares Inc. (HBAN) to Neutral from Underperform on the back of fundamentals, better-than-expected first quarter 2011 results, current economic environment and the recent credit trends. Huntington Bancshares reported first quarter 2011 earnings of 15 cents, beating the Zacks Consensus Estimate of 12 cents. However, after including a one-time [...]

(HBAN) Huntington Bancshares Upgraded

(MI) Marshall & Ilsley Corporation and Bank of Montreal Merger Gets Regulatory Nod

vitalstocks — Wed, 22 Jun 2011 21:16:39 +0000

Marshall & Ilsley Corporation (MI) and Bank of Montreal (BMO) merger deal is right on track for completion, following the final regulatory approval on Tuesday. With this regulatory nod, the parties have finally garnered all necessary approvals required to complete the merger. With regard to this, BMO stated that its plan to proceed with common [...]

(MI) Marshall & Ilsley Corporation and Bank of Montreal Merger Gets Regulatory Nod

(NTRS) Northern Trust Acquires BoISS

vitalstocks — Tue, 14 Jun 2011 18:55:02 +0000

On Wednesday, Northern Trust Corporation (NTRS) announced the completion of its acquisition of Bank of Ireland Securities Services (BoISS) from Bank of Ireland Group for €60 million ($82 million). In February 2011, Northern Trust announced its plan to acquire the fund administration, investment operations outsourcing and custody business of the Bank of Ireland Group (IRE). [...]

(NTRS) Northern Trust Acquires BoISS

(NTRS) Northern Trust Looks To Be On An Acquisition Spree

vitalstocks — Mon, 06 Jun 2011 17:20:22 +0000

Northern Trust Corporation (NTRS) is on an acquisition spree. The latest acquisition that the company has agreed to is that of Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration, will enhance Northern Trust’s capabilities and create an industry-leading hedge fund administration [...]

(NTRS) Northern Trust Looks To Be On An Acquisition Spree

(FITB) Fifth Third Bancorp Redeems 8.875% Trust Preferred Securities

vitalstocks — Sun, 29 May 2011 22:09:40 +0000

On Wednesday, Fifth Third Bancorp (FITB) announced that according to a notice issued by the company to the trustee of Fifth Third Capital Trust VII on May 16, 2011, the 8.875% trust preferred securities (TRUPs) should be redeemed by June 15, 2011. As per Fifth Third, each Trust Preferred Security will be redeemed at cash [...]

(FITB) Fifth Third Bancorp Redeems 8.875% Trust Preferred Securities

(USB) U.S. Trade Deficit Up on Foreign Oil Addiction

vitalstocks — Thu, 12 May 2011 00:47:50 +0000

The Trade Deficit rose in March to $48.18 billion from $45.44 billion in January (revised down from $45.76 billion. The rise in the trade deficit is bad news for the economy, and the level is very dangerous. For the month it was up 6.0%, and it was worse than the $47.7 billion consensus expectation. On [...]

(USB) U.S. Trade Deficit Up on Foreign Oil Addiction

(NTRS) Northern Trust Analyst Upgrades Shares to Neutral

vitalstocks — Fri, 06 May 2011 01:40:15 +0000

We have upgraded our recommendation on Northern Trust Corporation (NTRS) to Neutral from Underperform attributed to synergies expected from the recent acquisitions. In April, Northern Trust reported first-quarter 2011 earnings of 59 cents per share, which was below the Zacks Consensus Estimate of 65 cents. The decrease was attributable to low interest rate environment, which [...]

(NTRS) Northern Trust Analyst Upgrades Shares to Neutral

(MI) Marshall & Ilsley Reports High Loss

vitalstocks — Tue, 03 May 2011 02:22:39 +0000

Marshall & Ilsley Corporation’s (MI) first quarter 2011 loss of 27 cents per share exceeded the Zacks Consensus Estimated loss of 18 cents but was in line with the prior-year quarter result. M&I’s results for the reported quarter suffered mainly due to lower net interest income and non-interest income. However, decrease in non-interest expenses and [...]

(MI) Marshall & Ilsley Reports High Loss

(NTRS) Northern Trust Earnings Report Estimates

vitalstocks — Wed, 27 Apr 2011 17:54:13 +0000

Northern Trust Corporation’s (NTRS) first-quarter 2011 earnings of 59 cents per share were below the Zacks Consensus Estimate of 65 cents per share. The decrease was attributable to a persistently low interest rate environment, which in turn, negatively affected net interest margin. In the first quarter of 2011, earnings per share benefited from the reduction [...]

(NTRS) Northern Trust Earnings Report Estimates

(USB) U.S. Bancorp Quarterly Report Beats – Provision for Credit Losses Declined

vitalstocks — Mon, 25 Apr 2011 15:27:00 +0000

U.S. Bancorp (USB) has topped the Zacks Consensus Estimate. The company reported first quarter 2011 earnings attributable to common shareholders of $1,003 million or 52 cents per share, ahead of the Zacks Consensus Estimate of 49 cents. Results also compare favorably with earnings of 49 cents in the prior quarter and 34 cents in the [...]

(USB) U.S. Bancorp Quarterly Report Beats – Provision for Credit Losses Declined

(CMA) Comerica Quarterly Numbers Outpace Estimates

vitalstocks — Wed, 20 Apr 2011 13:39:52 +0000

Comerica Incorporated (CMA) reported first quarter 2011 net income of 57 cents per share, beating the Zacks Consensus Estimate of 48 cents and improving from the prior-quarter figure of 53 cents. However, earnings saw a striking year-over-year improvement from a loss of 46 cents. The year-over-year improvement in the results reflected the increase in non-interest [...]

(CMA) Comerica Quarterly Numbers Outpace Estimates

(USB) U.S.Bancorp 2011 First Quarter Earnings Preview

vitalstocks — Tue, 12 Apr 2011 21:02:35 +0000

U.S.Bancorp (USB) is scheduled to report its first quarter 2011 earnings results before market opens on April 19. The Zacks Consensus Estimate for the first quarter is earnings of 49 cents per share, up from 34 cents earned in the year-earlier quarter. For full year 2011, the Zacks Consensus Estimate stands at $2.15 per share, [...]

(USB) U.S.Bancorp 2011 First Quarter Earnings Preview

(NTRS) Northern Trust Analyst Downgrades Shares To Underperform

vitalstocks — Sun, 03 Apr 2011 18:28:43 +0000

We have downgraded our recommendation on Northern Trust Corporation (NTRS) to Underperform from Neutral, as the current operating environment is putting pressure on earnings. Though we expect the company to benefit from rising interest rates, more visibility is needed to get positive on the stock. In January, NTRS’s fourth-quarter earnings of 64 cents per share [...]

(NTRS) Northern Trust Analyst Downgrades Shares To Underperform

(FITB) Fifth Third Bancorp Announces Higher Dividend

vitalstocks — Wed, 23 Mar 2011 22:06:52 +0000

Fifth Third Bancorp’s (FITB) board of directors increased the cash dividend to 6 cents per share on its common stock. First quarter 2011 cash dividend of 6 cents represents an increase of 5 cents from Fifth Third’s previous quarterly dividend of 1 cent, an increase of 500%. The increased dividend will be payable on April [...]

(FITB) Fifth Third Bancorp Announces Higher Dividend

(USB) U.S. Bancorp Announces Increased Dividend – Plans Share Buyback

vitalstocks — Tue, 22 Mar 2011 15:02:23 +0000

On Friday,U.S. Bancorp’s (USB) board of directors approved an increase of 150% in the dividend rateon its common stock. On an annual basis, the dividend comes to 50 cents per share, or 12.5 cents per share on a quarterly basis. The increased dividend for the quarter will be paid on April 15 to shareholders of [...]

(USB) U.S. Bancorp Announces Increased Dividend – Plans Share Buyback

(USB) U.S. Bancorp Analyst Maintains Shares At Neutral

vitalstocks — Sat, 05 Mar 2011 00:48:27 +0000

We are reiterating our Neutral recommendation on the shares of U.S. Bancorp (USB) following the company’s fourth quarter and full year earnings release as well as its recent acquisitions. Our analysis is based on the company’s fundamentals, recent strategic acquisitions, threats, challenges and current economic trend. U.S. Bancorp’s fourth quarter earnings came in at 47 [...]

(USB) U.S. Bancorp Analyst Maintains Shares At Neutral

(NTRS) Northern Trust Corporation Buys Bank of Ireland Securities Services

vitalstocks — Thu, 03 Mar 2011 01:12:06 +0000

Last week, Northern Trust Corporation (NTRS) announced the acquisition of Bank of Ireland Securities Services (BOISS) for $82 million (€60 million). BOISS, the fund administration unit of Bank of Ireland (IRE), comprise the fund administration, investment operations outsourcing and custody business of the bank. Dublin-based BOISS is the largest Irish-owned asset administration provider of specialised, [...]

(NTRS) Northern Trust Corporation Buys Bank of Ireland Securities Services

(NTRS) Northern Trust Fourth Quarter Earnings Report Lags Estimates

vitalstocks — Mon, 24 Jan 2011 19:02:45 +0000

Northern Trust Corporation’s (NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 71 cents per share. The decrease was attributable to low interest rate environment, which in turn, was negatively affected by net interest income and trust fees. In the fourth quarter of 2010, earnings per share benefited [...]

(NTRS) Northern Trust Fourth Quarter Earnings Report Lags Estimates

(USB) U.S. Bancorp Reports Fourth Quarter 2010 Earnings In line With Estimates

vitalstocks — Mon, 24 Jan 2011 19:02:13 +0000

U.S. Bancorp (USB) reported fourth quarter 2010 earnings attributable to common shareholders of $974 million or 49 cents per share. However, excluding significant items, earnings came in at 46 cents per share, in line with the Zacks Consensus Estimate. Quarterly results of U.S. Bancorp’s reflected growth in revenues, as a result of the business growth [...]

(USB) U.S. Bancorp Reports Fourth Quarter 2010 Earnings In line With Estimates

(HBAN) Huntington Bancshares Approach TARP Repayment

vitalstocks — Tue, 21 Dec 2010 16:04:45 +0000

Huntington Bancshares Inc. (HBAN) is inching closer to the repayment of the bailout money it received under the U.S. Government’s Troubled Asset Relief Program (TARP). Last Friday, the company concluded its equity and debt offerings with the intent of paying back the TARP loan by December. Huntington completed its public offering of around 146 million [...]

(HBAN) Huntington Bancshares Approach TARP Repayment

(CMA) Federal Reserve Devises Dividend Increase Plan

vitalstocks — Fri, 19 Nov 2010 00:07:34 +0000

Following the doubling of dividend and share buyback announcement by Comerica Inc. (CMA), the Federal Reserve has devised guidelines that it would follow to grant banks, that undergone stress test in 2009, the permission to increase dividends and buy back shares. The Fed plans to start reviewing the payout requests from the U.S. banks in [...]

(CMA) Federal Reserve Devises Dividend Increase Plan

(USB) U.S. Bancorp Announces Aquisition of Bank of America Unit

vitalstocks — Thu, 18 Nov 2010 05:07:00 +0000

In an effort to expand its corporate trust business, U.S. Bancorp’s (USB) lead bank, U.S. Bank, has entered into an agreement to acquire Bank of America Corp.’s (BAC) U.S and Europe-based securitization trust administration businesses. The deal involves a cash purchase price of up to $35 million and would add revenues of more than $100 [...]

(USB) U.S. Bancorp Announces Aquisition of Bank of America Unit

(CMA) Comerica 2010 Third Quarter Earnings Lags Estimates

vitalstocks — Thu, 18 Nov 2010 04:50:32 +0000

Comerica Incorporated (CMA) reported third-quarter 2010 net income of 33 cents per share, below the Zacks Consensus Estimate of 41 cents and lower than prior quarter by 6 cents. However, results were far ahead of the prior-year quarter, as third-quarter 2009 had incurred a loss of 10 cents. Results reflected decrease in net interest income, [...]

(CMA) Comerica 2010 Third Quarter Earnings Lags Estimates

(CMA) Comerica Doubles Dividend – Declares Buyback

vitalstocks — Thu, 18 Nov 2010 04:35:57 +0000

Comerica Inc. (CMA) is boosting investors’ confidence by doubling its dividend and announcing a share repurchase authorization. The dividend, which increased to 10 cents from 5 cents paid in the prior quarter, is payable on January 1, 2011, to common shareholders of record December 15, 2010. The board of directors of Comerica also authorized a [...]

(CMA) Comerica Doubles Dividend – Declares Buyback

(USB) U.S. Bancorp Earnings Beat The Street

vitalstocks — Wed, 10 Nov 2010 07:03:33 +0000

U.S. Bancorp (USB) reported third quarter 2010 earnings attributable to common shareholders of $871 million or 45 cents per share, two cents ahead of the Zacks Consensus Estimate of 43 cents. The results also compare favorably with the prior quarter’s earnings of $862 million or 45 cents per share and the prior-year quarter’s earnings of [...]

(USB) U.S. Bancorp Earnings Beat The Street

(HBAN) Huntington Bancshares Earnings Beat Wall Street Estimates

vitalstocks — Tue, 26 Oct 2010 16:16:21 +0000

Huntington Bancshares Incorporated (HBAN) reported a third quarter 2010 profit of $100.9 million or 10 cents per share, ahead of the Zacks Consensus Estimate of 6 cents. This also compares favorably with earnings of $48.8 million or 3 cents a share in the prior quarter and a net loss of $166.2 million or 33 cents [...]

(HBAN) Huntington Bancshares Earnings Beat Wall Street Estimates

(NTRS) Northern Trust Quarterly Earnings Report Lags Estimates

vitalstocks — Fri, 22 Oct 2010 16:02:02 +0000

Northern Trust Corporation’s(NTRS) third quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 72 cents per share, attributed to low interest rate environment and lingering economic recovery. Last year, the company reported a gain of 77 cents per share and 82 cents in the prior quarter. Net income reported was [...]

(NTRS) Northern Trust Quarterly Earnings Report Lags Estimates

(HBAN) Huntington Bancshares Analyst Reiterates Shares at Neutral

vitalstocks — Mon, 04 Oct 2010 05:50:29 +0000

We are reiterating our Neutral recommendation on Huntington Bancshares Inc. (HBAN) following the company’s earnings release. The reaffirmation is based on the company’s business model, strategic initiatives, credit environment, opportunities and challenges. Second Quarter Performance Huntington reported a profit of $48.8 million or 3 cents per share, ahead of the Zacks Consensus Estimate of a [...]

(HBAN) Huntington Bancshares Analyst Reiterates Shares at Neutral

(NTRS) Northern Trust Corporation – Bear of the Day

vitalstocks — Fri, 24 Sep 2010 17:21:43 +0000

We have downgraded the recommendation for Northern Trust Corporation (NTRS) to Underperform from Neutral given uncertain prospects related to changes within the financial services industry and regulatory environment. Low interest rates continue to restrain earnings, impacting net interest income and securities lending fees. Moreover, the recent Dodd-Frank Act will ring in numerous regulatory changes over [...]

(NTRS) Northern Trust Corporation – Bear of the Day

(NTRS) Northern Trust Analyst Lowers Shares

vitalstocks — Fri, 24 Sep 2010 17:21:17 +0000

We have downgraded our recommendation for Northern Trust Corporation (NTRS) to “Underperform” from “Neutral”, given the low interest rate environment and the uncertain prospects related to changes within the financial services industry and the regulatory background. Northern Trust’s second quarter earnings of 78 cents per share outpaced the Zacks Consensus Estimate by 4 cents, reflecting [...]

(NTRS) Northern Trust Analyst Lowers Shares

(CMA) Comerica Analyst Reaffirms Stock’s Neutral Rating

vitalstocks — Tue, 31 Aug 2010 03:48:34 +0000

We have reaffirmed our Neutral recommendation on the shares of Comerica Inc. (CMA) following the company’s earnings release, quarterly filing and the regulatory moves. The reaffirmation is based on the company’s fundamentals, growth opportunities, credit environment and challenges in a post regulatory environment. Comerica has turned to profit in the second quarter of 2010 after [...]

(CMA) Comerica Analyst Reaffirms Stock’s Neutral Rating

(CMA) Another Strong Earnings Season – The Dog That Didn’t Bark? – Earnings Trends

vitalstocks — Tue, 03 Aug 2010 21:03:34 +0000

Key Points: Second quarter earnings season shaping up as a very strong one. So far 66.6% of firms reporting (333). Surprise ratio 4.63 with a 6.12% median surprise. Total net income grows 44.4%. Sales Surprise ratio at 1.83, median surprise 1.17%; 60% of all firms do better than expected on top line. Total revenue growth [...]

(CMA) Another Strong Earnings Season – The Dog That Didn’t Bark? – Earnings Trends

(FITB) Fifth Third Bancorp Standard & Poor’s Rating Services Rating Outlook Raised

vitalstocks — Wed, 28 Jul 2010 14:32:39 +0000

Last Friday, Standard & Poor’s Rating Services (S&P) raised the rating outlook of Fifth Third Bancorp (FITB) to “Stable” from “Negative” on the back of improved credit quality. The rating agency has also affirmed its “BBB” long-term counterparty credit rating and “BBB+” rating on its banking subsidiaries. Fifth Third has turned to profitability in the [...]

(FITB) Fifth Third Bancorp Standard & Poor’s Rating Services Rating Outlook Raised

(USB) U.S. Bancorp Reports Second Quarter 2010 Earnings a Penny Ahead

vitalstocks — Mon, 26 Jul 2010 15:03:40 +0000

U.S. Bancorp (USB) has reported second quarter earnings of $766 million or 45 cents per share. Excluding the benefits related to the issuance of perpetual preferred stock in exchange for certain income trust securities, the company earned 40 cents, a penny ahead of the Zacks Consensus Estimate of 39 cents. The results compare favorably with [...]

(USB) U.S. Bancorp Reports Second Quarter 2010 Earnings a Penny Ahead

(FITB) Fifth Third Bancorp Report Turns to Profit

vitalstocks — Sun, 25 Jul 2010 06:03:57 +0000

Fifth Third Bancorp (FITB) has turned to profitability in the second quarter of 2010 after reporting losses in the last three quarters. The company reported a net income of $130 million or 16 cents per share, well ahead of the Zacks Consensus Estimate of 2 cents. Results also compare favorably with a loss of $72 [...]

(FITB) Fifth Third Bancorp Report Turns to Profit

(NTRS) Northern Trust’s Second Quarter Report Beats Estimates

vitalstocks — Thu, 22 Jul 2010 14:43:46 +0000

Northern Trust Corporation’s (NTRS) second quarter earnings of 82 cents per share outpaced the Zacks Consensus Estimate of 74 cents per share, despite the low interest rate environment and lingering economic recovery. In last year’s second quarter, the company reported a gain of 95 cents per share. Net income reported was $199.6 million compared with [...]

(NTRS) Northern Trust’s Second Quarter Report Beats Estimates

(USB) U.S. Bancorp First Quarter 2010 Earnings Scorecard

vitalstocks — Wed, 26 May 2010 23:20:55 +0000

U.S. Bancorp (USB) reported first quarter 2010 results on April 20, in line with the Zacks Consensus Estimate. Results compare favorably with both prior-quarter and prior-year earnings, primarily due to strong growth in revenues. However, following the earnings announcement, the response from the analysts covering U.S. Bancorp has been mixed. While some of the analysts [...]

(USB) U.S. Bancorp First Quarter 2010 Earnings Scorecard

(MI) Marshall & Ilsley First Quarter 2010 Earnings Estimate Scorecard

vitalstocks — Mon, 24 May 2010 21:36:29 +0000

Marshall & Ilsley Corporation (MI) reported its first-quarter 2010 results on April 20. Loss for the reported quarter came in substantially lower than the Zacks Consensus Estimate. Investors were clearly very impressed by this narrower-than-expected quarterly loss. As a result, the share price significantly soared following the earnings release. Also, analysts covering the stock now [...]

(MI) Marshall & Ilsley First Quarter 2010 Earnings Estimate Scorecard

(NTRS) Northern Trust Corporation Boosts Insurance Business

vitalstocks — Thu, 20 May 2010 22:37:45 +0000

Northern Trust Corporation (NTRS) is experiencing a strong growth in delivering solutions to insurance companies. The addition of new clients and an increase in services to its existing clients have helped the company post strong growth. Northern Trust has added more than $95 billion in new insurance assets in the last 18 months. New insurance [...]

(NTRS) Northern Trust Corporation Boosts Insurance Business

(CMA) Comerica Warrants to be Sold by the U.S. Treasury

vitalstocks — Wed, 05 May 2010 20:50:11 +0000

Yesterday, the U.S. Treasury announced that it will auction warrants of Comerica Inc. (CMA) this week. The Treasury will auction 11.48 million warrants of Comerica on Thursday. The minimum bid price is set at $15 per warrant. This move will completely free Comerica from government intervention. The offering is expected to be priced through a [...]

(CMA) Comerica Warrants to be Sold by the U.S. Treasury

(HBAN) Huntington Bancshares Incorporated Beats – Posts Profit

vitalstocks — Thu, 22 Apr 2010 20:12:12 +0000

Huntington Bancshares Incorporated (HBAN) reported a first quarter profit of $39.7 million or 1 cent a share, helped by a tax benefit of $38.2 million. Excluding the benefit, the company reported a loss of 4 cents per share, well ahead of the Zacks Consensus Estimate of a loss of 15 cents. The result in the [...]

(HBAN) Huntington Bancshares Incorporated Beats – Posts Profit

(CMA) Comerica Incorporated Posts Loss

vitalstocks — Thu, 22 Apr 2010 20:00:15 +0000

Comerica Incorporated (CMA) reported a net loss attributable to common shareholders of $71 million or 46 cents per share. The company was expected to report a loss of 28 cents according to the Zacks Consensus Estimate. The company had incurred a loss of $62 million or 42 cents per share in the prior quarter and [...]

(CMA) Comerica Incorporated Posts Loss

(NTRS) Northern Trust Fourth Quarter Report Misses Expectations

vitalstocks — Wed, 21 Apr 2010 20:26:23 +0000

Northern Trust Corp.’s (NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 72 cents. Last year, the company reported a gain of 61 cents per share. Earnings benefited mainly from a decrease in loan loss provisions. Net interest income totaled $240.1 million, down 17% year over year. Net [...]

(NTRS) Northern Trust Fourth Quarter Report Misses Expectations