Regional – Northeast Banks

(STT) State Street Hikes Dividend

State Street Corporation (STT) joined rewarding shareholders through enhanced capital deployment activities. Recently, the company announced an 8.3% hike in its quarterly dividend.

The Board of Directors at State Street declared...

26Feb2013 | | Comments Off on (STT) State Street Hikes Dividend | Continued

(WBS) Webster Financial’s Ratings Affirmed by Fitch

Fitch Ratings has reiterated its credit ratings and outlook on Webster Financial Corp. (WBS). The rating agency affirmed the company’s long term Issuer Default Ratings (IDR) at ‘BBB’ and short term...

29Nov2012 | | Comments Off on (WBS) Webster Financial’s Ratings Affirmed by Fitch | Continued

(STT) State Street Beats Earnings on Lower Costs

State Street Corporation (STT) reported third quarter 2011 operating earnings of 96 cents per share, which were significantly ahead of the Zacks Consensus Estimate of 88 cents. However, the results were flat sequentially and favorable...

20Oct2011 | | 0 comments | Continued

(MTB) M&T Bank Corporation Earns Fitch Rating Actions

Fitch Ratings has affirmed M&T Bank Corp.‘s (MTB) long- and short-term Issuer Default Ratings at ‘A-‘ and ‘F1,’ respectively. The rating action follows the closure of M&T’s acquisition of...

5Jul2011 | | 0 comments | Continued

(MTB) M&T Bank Reaffirmed at Neutral

We have reiterated our Neutral recommendation on the shares of M&T Bank Corporation (MTB) on the back of a detailed analysis of its fundamentals, the completion of the of the acquisition of Wilmington Trust Corporation...

26Jun2011 | | 0 comments | Continued

(MTB) M&T Bank Earnings Report Tops Estimates

M&T Bank Corporation’s (MTB) first quarter operating earnings of $1.67 per share exceeded the Zacks Consensus Estimate of $1.41. Earnings significantly expanded from $1.23 per share earned in the prior-year quarter, aided by...

27Apr2011 | | 0 comments | Continued

(STT) State Street First Quarter Earnings Beats Expectations on Higher Revenues

State Street Corporation’s (STT) first quarter 2011 operating earnings of 88 cents per share were ahead of the Zacks Consensus Estimate of 85 cents. The results also compare favorably with the prior quarter earnings of 87 cents and...

20Apr2011 | | 0 comments | Continued

(MTB) M&T Bank’s Rating Outlook Remains Negative – Ratings Affirmed by Fitch

M&T Bank Corporation’s (MTB) long-term and short-term issuer default ratings (IDRs) were affirmed by Fitch Ratings at “A-” and “F1,” respectively. However, the rating outlook remains “Negative.”

The rating...

7Nov2010 | | 0 comments | Continued

(MTB) M&T Bank and Banco Santander SA Deal Stalls Again – End near?

The M&T Bank (MTB) and Banco Santander SA (STD) deal has stalled again, according to a Wall Street Journal report. The deal is said to be dead since the...

3Oct2010 | | 0 comments | Continued

(STT) State Street Corporation Expands Relationship with Babson

State Street Corporation (STT) is expanding its relationship with Babson Capital Management LLC by providing investment operations and technology services. The company has already been providing custody, trustee, private equity and...

3Oct2010 | | 0 comments | Continued

(MTB) M&T Bank May Sell Majority Stake to Banco Santander SA

M&T Bank (MTB) may sell a majority stake to Banco Santander SA (STD), according to a Bloomberg report. The report also said that the banks are in consultation,...

21Sep2010 | | 0 comments | Continued

(STT) State Street Corporation Looks to Surpass Estimates

State Street Corp. (STT) said on Wednesday that it expects to report second quarter 2010 operating earnings of 93 cents, which would easily beat the Zacks Consensus Estimate of 72 cents.

Operating earnings for the quarter exclude...

1Aug2010 | | 0 comments | Continued

(STT) State Street Corporation’s Second Quarter 2010 Earnings Scorecard

State Street Corporation (STT) reported its second-quarter 2010 results on July 20. Operating earnings for the reported quarter were in line with the Zacks Consensus Estimate. However, investors were clearly not buoyant with these...

1Aug2010 | | 0 comments | Continued

(STT) State Street Corporation Reports Second Quarter 2010 Earnings In-Line

State Street Corporation (STT) reported second quarter 2010 operating earnings of 93 cents, in line with the Zacks Consensus Estimate. Results improved 24% from 75 cents in the prior quarter and 4.5% from 89 cents in the prior-year...

20Jul2010 | | 0 comments | Continued

(STT) State Street Corporation – Bear of the Day

Given the critical sustainability factor in the current sluggish economic recovery, we are downgrading our recommendation on State Street Corp. (STT) to Underperform. The company’s first-quarter earnings were in line with the...

30Apr2010 | | 0 comments | Continued

(STT) State Street Corporation Reports Earnings In Line

State Street Corporation (STT) reported first quarter operating earnings of 75 cents, in line with the Zacks Consensus Estimate. However, the results were down from the prior-year quarter’s earnings of $1.04 per share.

Operating...

21Apr2010 | | 0 comments | Continued

(MTB) M&T Bank Earnings Soundly Beat Estimates on Margin Expansion

M&T Bank’s (MTB) first quarter earnings of $1.23 per share left behind the Zacks Consensus Estimate of 97 cents per share. Earnings more than doubled from 59 cents per share earned in the prior-year quarter, aided by an expansion...

19Apr2010 | | 0 comments | Continued

(SBNY) U.S. Treasury Sells Warrants of Signature Bank

The Treasury announced Thursday that it has received net proceeds of $11.2 million from the sale of warrants it obtained as part of its investment in New York-based Signature Bank (SBNY) through the Troubled Asset Relief Program (TARP)...

12Mar2010 | | 0 comments | Continued

(STT) State Street Corporation Pays Departing CEO $5.4 Million

State Street Corp. (STT) said on Wednesday that it has paid $5.4 million cash to the departing Chief Executive Ronald Logue as part of his incentive compensation for last year. State Street also paid Logue 35,786 units of restricted...

4Mar2010 | | 0 comments | Continued

(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...

5Feb2010 | | 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...

27Jan2010 | | 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...

20Jan2010 | | 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...

23Dec2009 | | 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...

11Dec2009 | | 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...

2Dec2009 | | 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...

1Dec2009 | | 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...

1Nov2009 | | 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 | | 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 | | 0 comments | Continued