Regional - Northeast Banks
(STT) State Street Corporation Settles Subprime Lawsuit
State Street Corporation (STT) agreed on Thursday to pay investors over $300 million to settle allegations by federal and state regulators over misleading investors about its investments in subprime mortgages at the beginning of the credit crisis. Under the terms of the settlement,...
5Feb2010 | vitalstocks | 0 comments | Continued(NAL) NewAlliance Bancshares Meets Earnings Expectations
NewAlliance Bancshares Inc.’s (NAL) fourth-quarter earnings came in at 12 cents per share, in line with the Zacks Consensus Estimate. This compares favorably with earnings of 10 cents in the year-ago quarter. The upside was primarily due to a strong growth in core deposits,...
27Jan2010 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Corporation’s Earnings Misses Estimates
Earlier today, M&T Bank Corporation (MTB) reported earnings of $1.04 per share in the fourth quarter of 2009. Excluding a series of special items in the quarter, the company earned 83 cents per share. The results were well short of the Zacks Consensus estimate of 89 cents. Taxable-equivalent...
20Jan2010 | vitalstocks | 0 comments | Continued(STT) Fitch Ratings Upgrades State Street Corporation on Improving Capital and Liquidity
Acknowledging State Street Corp.’s (STT) improvement in capital and liquidity position, on Tuesday, Fitch upgraded some of the ratings for the company. Fitch Ratings raised the individual and preferred stock ratings of State Street and subsidiary State Street Bank and Trust...
23Dec2009 | vitalstocks | 0 comments | Continued(NAL) NewAlliance Bancshares to Open Branch in Hartford
NewAlliance Bank, a subsidiary of NewAlliance Bancshares Inc. (NAL), said that it will open a branch in downtown Hartford. This is the first branch opening in downtown Hartford since Jun 2008. NewAlliance has been steadily increasing its presence in the Hartford region. The company...
11Dec2009 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Acquires Mourant International Finance Administration
State Street Corporation (STT) said on Tuesday that it will acquire European investment servicing firm Mourant International Finance Administration in an effort to expand its global fund administration and alternative servicing capabilities. According to the company, the deal...
2Dec2009 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Wins $300 Billion in Business
State Street Corporation (STT) said on Monday that it has expanded its relationship with Morgan Stanley (MS) to provide investment management operations outsourcing services for the assets of Morgan Stanley Investment Management (MSIM) worth about $300 billion. As part of the...
1Dec2009 | vitalstocks | 0 comments | Continued(NAL) NewAlliance Bancshares Tops Estimates Again
NewAlliance Bancshares Inc.’s (NAL) third-quarter earnings came in at 13 cents per share, two cents ahead of the Zacks Consensus Estimate. This also compares favorably with earnings of 11 cents per share in the year-ago quarter. The upside was primarily due to strong growth...
1Nov2009 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Corporation Surpasses Estimates
M&T Bank Corporation’s (MTB) has reported third quarter earnings of 97 cents per share. Excluding a series of special items in the quarter, the company earned 89 cents per share. The results were well ahead of the Zacks Consensus estimate of 68 cents. The company had earned...
20Oct2009 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Tops Consensus Estimates
State Street Corporation’s (STT) third quarter operating earnings of $1.05 per share were 5 cents ahead of the Zacks Consensus Estimate. Operating results for the quarter exclude $11 million in pre-tax merger and integration costs associated with the Investors Financial Services...
20Oct2009 | vitalstocks | 0 comments | Continued(NPBC) A Rare Bank Without Defaults
A Rare Bank Without Defaults by David Fessler, Advisory Panelist Friday, December 19, 2008: Issue #904 No Credit… No License… No History? No Problem? Even before our current mortgage meltdown, most banks would never touch a prospective customer with any one of the above issues,...
26Dec2008 | InvestmentU | 0 comments | Continued