Regional – Midwest Banks
(USB) U.S. Bancorp Analyst Maintains Shares At Neutral
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...
(NTRS) Northern Trust Corporation Buys Bank of Ireland Securities Services
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...
(NTRS) Northern Trust Fourth Quarter Earnings Report Lags Estimates
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,...
(USB) U.S. Bancorp Reports Fourth Quarter 2010 Earnings In line With Estimates
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...
(HBAN) Huntington Bancshares Approach TARP Repayment
Huntington Bancshares Inc. (HBAN) is inching closer to the repayment of the bailout money it received under the U.S. Government’s Troubled...
(CMA) Federal Reserve Devises Dividend Increase Plan
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,...
(USB) U.S. Bancorp Announces Aquisition of Bank of America Unit
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 (
17Nov2010 | vitalstocks | 0 comments | Continued(CMA) Comerica 2010 Third Quarter Earnings Lags Estimates
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...
(CMA) Comerica Doubles Dividend – Declares Buyback
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,...
(USB) U.S. Bancorp Earnings Beat The Street
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...
(HBAN) Huntington Bancshares Earnings Beat Wall Street Estimates
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...
(NTRS) Northern Trust Quarterly Earnings Report Lags Estimates
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...
(HBAN) Huntington Bancshares Analyst Reiterates Shares at Neutral
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,...
(NTRS) Northern Trust Corporation – Bear of the Day
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...
(NTRS) Northern Trust Analyst Lowers Shares
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...
(CMA) Comerica Analyst Reaffirms Stock’s Neutral Rating
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...
(CMA) Another Strong Earnings Season – The Dog That Didn’t Bark? – Earnings Trends
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...
3Aug2010 | vitalstocks | 0 comments | Continued
(FITB) Fifth Third Bancorp Standard & Poor’s Rating Services Rating Outlook Raised
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...
(USB) U.S. Bancorp Reports Second Quarter 2010 Earnings a Penny Ahead
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...
(FITB) Fifth Third Bancorp Report Turns to Profit
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,...
(NTRS) Northern Trust’s Second Quarter Report Beats Estimates
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...
(USB) U.S. Bancorp First Quarter 2010 Earnings Scorecard
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...
(MI) Marshall & Ilsley First Quarter 2010 Earnings Estimate Scorecard
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...
(NTRS) Northern Trust Corporation Boosts Insurance Business
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...
(CMA) Comerica Warrants to be Sold by the U.S. Treasury
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...
(HBAN) Huntington Bancshares Incorporated Beats – Posts Profit
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...
(CMA) Comerica Incorporated Posts Loss
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...
(NTRS) Northern Trust Fourth Quarter Report Misses Expectations
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...
(USB) U.S. Bancorp Earnings Report Matches Estimates
U.S. Bancorp (USB) has reported first quarter earnings of $669 million or 34 cents per share, in line with the Zacks Consensus Estimate. The results compare favorably with the prior quarter’s earnings of...
(MI) Marshall & Ilsley Corporation Reports Smaller Loss
Marshall & Ilsley Corporation’s (MI) first-quarter loss of 27 cents per share was substantially lower than the Zacks Consensus Estimate of a loss of 40 cents per share. This also compares favorably with...