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	<title>Stock Blog Hub &#187; Regional &#8211; Northeast Banks</title>
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	<link>http://www.stockbloghub.com</link>
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		<title>(STT) State Street Beats Earnings on Lower Costs</title>
		<link>http://www.stockbloghub.com/2011/10/20/stt-state-street-beats-earnings-on-lower-costs/85335</link>
		<comments>http://www.stockbloghub.com/2011/10/20/stt-state-street-beats-earnings-on-lower-costs/85335#comments</comments>
		<pubDate>Thu, 20 Oct 2011 14:46:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[KEY]]></category>
		<category><![CDATA[KeyCorp]]></category>
		<category><![CDATA[NIM]]></category>
		<category><![CDATA[Nuveen Select Maturities Municipal Fund]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85335</guid>
		<description><![CDATA[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 with the prior-year quarter earnings of 86 cents. State Street’s operating results, however, exclude certain discount accretion related to former conduit assets, restructuring charges related to reduction in staff and merger and integration costs. On a GAAP basis, earnings for the quarter came in at $1.10 per share compared with earnings of $1.00 in the prior quarter and $1.08 in the year-ago quarter. Better-than expected results in the quarter were mainly due State Street’s initiatives to lower expenses and rise in net interest income. Also, the company reported strong capital ratios. However, lower non-interest income ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/10/20/stt-state-street-beats-earnings-on-lower-costs/85335/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MTB) M&amp;T Bank Corporation Earns Fitch Rating Actions</title>
		<link>http://www.stockbloghub.com/2011/07/05/mtb-mt-bank-corporation-earns-fitch-rating-actions/78358</link>
		<comments>http://www.stockbloghub.com/2011/07/05/mtb-mt-bank-corporation-earns-fitch-rating-actions/78358#comments</comments>
		<pubDate>Wed, 06 Jul 2011 00:12:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[CMA]]></category>
		<category><![CDATA[Comerica Incorporated]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78358</guid>
		<description><![CDATA[Fitch Ratings has affirmed M&#38;T Bank Corp.&#8216;s (MTB) long- and short-term Issuer Default Ratings at &#8216;A-&#8217; and &#8216;F1,&#8217; respectively. The rating action follows the closure of M&#38;T&#8217;s acquisition of Wilmington Trust Corp. on May 16, 2011. The rating outlook remains Negative. The proposed corporate restructuring of M&#38;T announced on June 30, 2011 led to the rating affirmation. M&#38;T’s recently accomplished the purchase of Wilmington Trust backed by capital raises. According to the rating agency, the capital infusion should help overall capital levels to be consistent with those that M&#38;T had at the end of third quarter 2010 (tangible equity to tangible asset ratio of 5.96% and a Tier 1 risk-based capital ratio of 9.45%). Yet, M&#38;T’s capital ratios are still at the lower range of the rating agency’s rated peer group. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/05/mtb-mt-bank-corporation-earns-fitch-rating-actions/78358/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MTB) M&amp;T Bank Reaffirmed at Neutral</title>
		<link>http://www.stockbloghub.com/2011/06/26/mtb-mt-bank-reaffirmed-at-neutral/77455</link>
		<comments>http://www.stockbloghub.com/2011/06/26/mtb-mt-bank-reaffirmed-at-neutral/77455#comments</comments>
		<pubDate>Sun, 26 Jun 2011 17:47:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[CMA]]></category>
		<category><![CDATA[Comerica Incorporated]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77455</guid>
		<description><![CDATA[We have reiterated our Neutral recommendation on the shares of M&#38;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 in May, the subsequent partial repay of the TARP dues and the current economic environment. M&#38;T’s first quarter operating earnings of $1.67 per share exceeded the Zacks Consensus Estimate of $1.41. Earnings significantly expanded from $1.23 earned in the prior-year quarter, aided by an increase in the net interest income on the back of net interest margin expansion coupled with substantially lower provision for credit losses. Going forward, we believe that the strategic acquisitions should help to augment earnings. The acquisitions of Provident and Bradford in the Mid-Atlantic region have proved to be meaningful, both in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/26/mtb-mt-bank-reaffirmed-at-neutral/77455/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MTB) M&amp;T Bank Earnings Report Tops Estimates</title>
		<link>http://www.stockbloghub.com/2011/04/27/mtb-mt-bank-earnings-report-tops-estimates/71806</link>
		<comments>http://www.stockbloghub.com/2011/04/27/mtb-mt-bank-earnings-report-tops-estimates/71806#comments</comments>
		<pubDate>Wed, 27 Apr 2011 18:07:45 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71806</guid>
		<description><![CDATA[M&#38;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 an increase in the net interest income on the back of net interest margin expansion coupled with substantially lower provision for credit losses. On a GAAP basis, M&#38;T Bank reported a net income of $206 million or $1.59 per share, up from net income of $151 million or $1.15 per share in the prior-year quarter. M&#38;T Bank’s net interest income came in at $575 million, up 2% year over year. The growth stems from a 14 basis point expansion in the net interest margin, which improved to 3.92% from 3.78% in the year-earlier quarter. However, the growth ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/27/mtb-mt-bank-earnings-report-tops-estimates/71806/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street First Quarter Earnings Beats Expectations on Higher Revenues</title>
		<link>http://www.stockbloghub.com/2011/04/20/stt-state-street-first-quarter-earnings-beats-expectations-on-higher-revenues/71911</link>
		<comments>http://www.stockbloghub.com/2011/04/20/stt-state-street-first-quarter-earnings-beats-expectations-on-higher-revenues/71911#comments</comments>
		<pubDate>Wed, 20 Apr 2011 13:39:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[CMA]]></category>
		<category><![CDATA[Comerica Incorporated]]></category>
		<category><![CDATA[KEY]]></category>
		<category><![CDATA[KeyCorp]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71911</guid>
		<description><![CDATA[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 the prior-year quarter earnings of 75 cents. Operating results, however, exclude certain discount accretion related to former conduit assets, restructuring charges related to reduction in staff and merger and integration costs. On a GAAP basis, earnings for the quarter came in at 93 cents per share, compared with earnings of 16 cent in the prior quarter and 99 cents in the year-ago quarter. Results in the quarter were aided primarily by growth in operating revenues and higher net interest margin, which were offset partly by higher operating expenses. The company’s capital ratios ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/20/stt-state-street-first-quarter-earnings-beats-expectations-on-higher-revenues/71911/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MTB) M&amp;T Bank&#8217;s Rating Outlook Remains Negative &#8211; Ratings Affirmed by Fitch</title>
		<link>http://www.stockbloghub.com/2010/11/07/mtb-mt-banks-rating-outlook-remains-negative-ratings-affirmed-by-fitch/58349</link>
		<comments>http://www.stockbloghub.com/2010/11/07/mtb-mt-banks-rating-outlook-remains-negative-ratings-affirmed-by-fitch/58349#comments</comments>
		<pubDate>Sun, 07 Nov 2010 20:16:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[AIB]]></category>
		<category><![CDATA[Allied Irish Banks plc]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>
		<category><![CDATA[Wilmington Trust Corporation]]></category>
		<category><![CDATA[WL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=58349</guid>
		<description><![CDATA[M&#38;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 affirmation follows M&#38;T’s announcement of agreeing to buy Wilmington Trust Corporation (WL) in a stock-for-stock transaction valued at around $351 million. According to Fitch, the combined entity’s ratings would not be impacted because of this transaction. In fact, Fitch believes that this acquisition would benefit M&#38;T as the purchase price is a favorable one. Also, with the overlap of the two companies’ footprint and the possibility of an increase in fee-based revenue, the deal seems encouraging for M&#38;T. The deal, expected to close by mid-2011, would add 48 branch locations in Delaware and 225 ATMs to M&#38;T Bank’s network and result ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/11/07/mtb-mt-banks-rating-outlook-remains-negative-ratings-affirmed-by-fitch/58349/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MTB) M&amp;T Bank and Banco Santander SA Deal Stalls Again &#8211; End near?</title>
		<link>http://www.stockbloghub.com/2010/10/03/mtb-mt-bank-and-banco-santander-sa-deal-stalls-again-end-near/52844</link>
		<comments>http://www.stockbloghub.com/2010/10/03/mtb-mt-bank-and-banco-santander-sa-deal-stalls-again-end-near/52844#comments</comments>
		<pubDate>Mon, 04 Oct 2010 05:28:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[AIB]]></category>
		<category><![CDATA[Allied Irish Banks plc]]></category>
		<category><![CDATA[Banco Santander S.a.]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[STD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52844</guid>
		<description><![CDATA[The M&#38;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 companies failed to reach a consensus on who will control the merged entity. The deal has been a matter of discussion for several months. Santander sought to merge Sovereign Bank, its U.S. unit, with M&#38;T Bank, buy Allied Irish Banks plc.’s (AIB) 22.5% stake in M&#38;T and take over the control of the merged entity while M&#38;T Bank intended to merge itself with Sovereign but retain its control. The deal therefore needed a compromise. The M&#38;T Bank regulators are said to be unenthusiastic about the deal as they fear that the merger with Sovereign would undermine the company’s operational efficiencies. While ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/03/mtb-mt-bank-and-banco-santander-sa-deal-stalls-again-end-near/52844/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation Expands Relationship with Babson</title>
		<link>http://www.stockbloghub.com/2010/10/03/stt-state-street-corporation-expands-relationship-with-babson/53350</link>
		<comments>http://www.stockbloghub.com/2010/10/03/stt-state-street-corporation-expands-relationship-with-babson/53350#comments</comments>
		<pubDate>Mon, 04 Oct 2010 05:24:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Northern Trust Corporation]]></category>
		<category><![CDATA[NTRS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=53350</guid>
		<description><![CDATA[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 hedge fund services to Babson Capital since 2001. With the expansion of its global business, the expanding relationship provides Babson Capital an opportunity to use State Street’s expertise in global operations. With the increase in complexities in the financial markets globally, the leading solutions that State Street provides for asset managers’ investment operations should help in incremental efficiencies to Babson Capital for achieving its growth objectives. State Street, which provides services for middle office assets worth more than $6 trillion globally, should also experience its top-line benefiting from the deal. With $19 trillion in assets under custody and administration ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/03/stt-state-street-corporation-expands-relationship-with-babson/53350/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MTB) M&amp;T Bank May Sell Majority Stake to Banco Santander SA</title>
		<link>http://www.stockbloghub.com/2010/09/21/mtb-mt-bank-may-sell-majority-stake-to-banco-santander-sa/52440</link>
		<comments>http://www.stockbloghub.com/2010/09/21/mtb-mt-bank-may-sell-majority-stake-to-banco-santander-sa/52440#comments</comments>
		<pubDate>Wed, 22 Sep 2010 03:12:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[AIB]]></category>
		<category><![CDATA[Allied Irish Banks plc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Banco Santander S.a.]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[STD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52440</guid>
		<description><![CDATA[M&#38;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, though informally, with the Federal Reserve for sketching a deal. They expect to hear from Federal Reserve by the end of this month. Both M&#38;T Bank and Santander have been discussing the deal for several months. Santander seeks to merge Sovereign Bank, its U.S. unit, with M&#38;T Bank and take over the control of the entity while M&#38;T Bank intends to merge itself with Sovereign but retain its control. The deal therefore needs a compromise. It may be structured in such a way that Sovereign Bank gets merged with M&#38;T Bank while Santander initially starts with a minority stake in the combined ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/21/mtb-mt-bank-may-sell-majority-stake-to-banco-santander-sa/52440/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation Looks to Surpass Estimates</title>
		<link>http://www.stockbloghub.com/2010/08/01/stt-state-street-corporation-looks-to-surpass-estimates/42879</link>
		<comments>http://www.stockbloghub.com/2010/08/01/stt-state-street-corporation-looks-to-surpass-estimates/42879#comments</comments>
		<pubDate>Mon, 02 Aug 2010 00:14:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[Northern Trust Corporation]]></category>
		<category><![CDATA[NTRS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=42879</guid>
		<description><![CDATA[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 a one-time tax benefit of $180 million or 36 cents per share due to the restructuring of former non-U.S. assets and a special tax charge of $251 million or 50 cents per share for financially supporting trust funds under its management. The expected operating results include about $48 million of net losses related to investment securities and a provision for credit losses of about $10 million. Operating revenue for the upcoming quarter is expected to be $2.2 billion. Including these non-recurring items, State Street expects to report a net income of 87 cents ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation&#8217;s Second Quarter 2010 Earnings Scorecard</title>
		<link>http://www.stockbloghub.com/2010/08/01/stt-state-street-corporations-second-quarter-2010-earnings-scorecard/45496</link>
		<comments>http://www.stockbloghub.com/2010/08/01/stt-state-street-corporations-second-quarter-2010-earnings-scorecard/45496#comments</comments>
		<pubDate>Sun, 01 Aug 2010 17:37:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=45496</guid>
		<description><![CDATA[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 results. As a result, the share price plummeted following the earnings release. The overall response has been negative with respect to estimate revisions over the last 7 days as analysts covering the stock had sufficient time to absorb and consider the near-term fundamental downsides. Let’s now cover the results of the recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for both the short term and the long term outlook for the stock. Earnings Report Review Achievement of the estimates should be a positive for the stock price and this inspires optimism for a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/01/stt-state-street-corporations-second-quarter-2010-earnings-scorecard/45496/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation Reports Second Quarter 2010 Earnings In-Line</title>
		<link>http://www.stockbloghub.com/2010/07/20/stt-state-street-corporation-reports-second-quarter-2010-earnings-in-line/44126</link>
		<comments>http://www.stockbloghub.com/2010/07/20/stt-state-street-corporation-reports-second-quarter-2010-earnings-in-line/44126#comments</comments>
		<pubDate>Wed, 21 Jul 2010 03:09:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Northern Trust Corporation]]></category>
		<category><![CDATA[NTRS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=44126</guid>
		<description><![CDATA[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 quarter. Operating results, however, exclude a pre-tax charge related to certain common and collective trust funds, merger and integration costs; a tax on bonus payments to employees in the United Kingdom; a one-time tax benefit related to the restructuring of former non-U.S. conduit assets; and net interest revenues associated with the discount accretion from the consolidation of the asset-backed commercial paper conduits in the second quarter of 2009. On a GAAP basis, earnings for the quarter came in at 87 cents per share, compared with earnings of 99 cents in the prior ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/20/stt-state-street-corporation-reports-second-quarter-2010-earnings-in-line/44126/feed</wfw:commentRss>
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		<title>(STT) State Street Corporation &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/04/30/stt-state-street-corporation-bear-of-the-day/35745</link>
		<comments>http://www.stockbloghub.com/2010/04/30/stt-state-street-corporation-bear-of-the-day/35745#comments</comments>
		<pubDate>Fri, 30 Apr 2010 16:04:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=35745</guid>
		<description><![CDATA[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&#8217;s first-quarter earnings were in line with the Zacks Consensus Estimate. Results for the quarter were aided mainly by an increase in revenue and growth in assets under management. However, earnings were down compared with the prior-year quarter, due primarily to higher expenses as a result of increased salaries and benefits expenditure. Our six-month target price of $40.00 per share equates to about 12.0X our earnings estimate for 2010. Combined with a quarterly dividend of $0.01 per share, this target price implies an expected negative total return of 10.0% over that period, which is consistent with our Underperform recommendation. Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/30/stt-state-street-corporation-bear-of-the-day/35745/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation Reports Earnings In Line</title>
		<link>http://www.stockbloghub.com/2010/04/21/stt-state-street-corporation-reports-earnings-in-line/34452</link>
		<comments>http://www.stockbloghub.com/2010/04/21/stt-state-street-corporation-reports-earnings-in-line/34452#comments</comments>
		<pubDate>Wed, 21 Apr 2010 21:40:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=34452</guid>
		<description><![CDATA[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 results, however, basically exclude the net interest revenue associated with the discount accretion from the consolidation of the asset-backed commercial paper conduits in the second quarter of 2009. On a GAAP basis, earnings for the quarter came in at 99 cents per share, compared with earnings of $1.02 in the year-ago quarter, primarily due to increase in outstanding shares. State Street reported an increase in revenues in the quarter. Its assets under management posted modest growth. The company also experienced a reduction in unrealized loss position in the quarter. However, expenses were significantly higher than the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/21/stt-state-street-corporation-reports-earnings-in-line/34452/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MTB) M&amp;T Bank Earnings Soundly Beat Estimates on Margin Expansion</title>
		<link>http://www.stockbloghub.com/2010/04/19/mtb-mt-bank-earnings-soundly-beat-estimates-on-margin-expansion/34319</link>
		<comments>http://www.stockbloghub.com/2010/04/19/mtb-mt-bank-earnings-soundly-beat-estimates-on-margin-expansion/34319#comments</comments>
		<pubDate>Mon, 19 Apr 2010 21:41:45 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=34319</guid>
		<description><![CDATA[M&#38;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 in net interest margin coupled with lower credit costs. Net interest income (NII) came in at $562 million, up 24% year-over-year. The growth in NII was primarily due to a 59 basis-point expansion in the net interest margin, which improved to 3.78% from 3.19%. This improvement, which is steady from the past several quarters, was attributed to a higher level of average earning asset, coupled with lower rates paid on deposits and borrowings, and continued inflow of non-interest-bearing deposits. Non-interest income increased 11.2% year-over-year to $258 million. The uptick was due ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/19/mtb-mt-bank-earnings-soundly-beat-estimates-on-margin-expansion/34319/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SBNY) U.S. Treasury Sells Warrants of Signature Bank</title>
		<link>http://www.stockbloghub.com/2010/03/12/sbny-u-s-treasury-sells-warrants-of-signature-bank/30503</link>
		<comments>http://www.stockbloghub.com/2010/03/12/sbny-u-s-treasury-sells-warrants-of-signature-bank/30503#comments</comments>
		<pubDate>Fri, 12 Mar 2010 18:09:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[TCB]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[TCF Financial Corporation]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30503</guid>
		<description><![CDATA[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) during the height of the financial crisis. In Mar 2009, Signature had repaid the entire $120 million of bailout money it had received from the government in Dec 2008. The Treasury auctioned 595,829 warrants at $19.00 each. The final price was above the floor price of $16 per warrant set by Treasury. The Signature warrants have a strike price of $30.21 and expire in Dec 2018. The current move will completely free Signature from government intervention. The auction for Signature warrants follows the sale of Washington Federal Inc.’s (WFSL) warrants on Wednesday ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/12/sbny-u-s-treasury-sells-warrants-of-signature-bank/30503/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation Pays Departing CEO $5.4 Million</title>
		<link>http://www.stockbloghub.com/2010/03/04/stt-state-street-corporation-pays-departing-ceo-5-4-million/29719</link>
		<comments>http://www.stockbloghub.com/2010/03/04/stt-state-street-corporation-pays-departing-ceo-5-4-million/29719#comments</comments>
		<pubDate>Thu, 04 Mar 2010 16:51:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29719</guid>
		<description><![CDATA[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 stock. Half the cash will be in deferred payments to Logue. Logue had stepped down as Chief Executive on March 1, 2010. But he remains non-executive Chairman of State Street’s board. Logue will continue to serve as non-executive Chairman until Jan 1, 2011. Logue was replaced by President and Chief Operating Officer Joseph &#8220;Jay&#8221; Hooley. In 2007, during Logue’s tenure, State Street completed its largest acquisition of Investors Bank and Trust Co. State Street decided to give the award after a year when many politicians, investors and governance critics have questioned ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/04/stt-state-street-corporation-pays-departing-ceo-5-4-million/29719/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NLY) The Fed Raises the Discount Rate: What It Means For You</title>
		<link>http://www.stockbloghub.com/2010/02/23/nly-the-fed-raises-the-discount-rate-what-it-means-for-you/28588</link>
		<comments>http://www.stockbloghub.com/2010/02/23/nly-the-fed-raises-the-discount-rate-what-it-means-for-you/28588#comments</comments>
		<pubDate>Wed, 24 Feb 2010 00:47:39 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[Annaly Capital Management]]></category>
		<category><![CDATA[Capstead Mortgage Corporation]]></category>
		<category><![CDATA[CMO]]></category>
		<category><![CDATA[EUO]]></category>
		<category><![CDATA[NLY]]></category>
		<category><![CDATA[UltraShort Euro ProShares]]></category>
		<category><![CDATA[WBS]]></category>
		<category><![CDATA[Webster Financial Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28588</guid>
		<description><![CDATA[by Dr. Mark Skousen, Contributing Editor Tuesday, February 23, 2010: Issue #1202 Last Thursday, the Federal Reserve suddenly raised the Discount Rate (the interest rate charged to member banks when they borrow from the Fed) from 0.50% to 0.75%. All members of the 12 Federal Reserve banks supported the decision. In its decision, the Fed cited “continued improvement in financial market conditions,” but warned Wall Street that the increase was “not expected to lead to tighter financial conditions for households and businesses and do not signal any change in the outlook for the economy or for monetary policy.” Hogwash. It might not seem like much, but it’s the first increase in two years. More importantly, though, it does signify a significant change in monetary policy. The Fed Expects to Keep ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/23/nly-the-fed-raises-the-discount-rate-what-it-means-for-you/28588/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation Settles Subprime Lawsuit</title>
		<link>http://www.stockbloghub.com/2010/02/05/stt-state-street-corporation-settles-subprime-lawsuit/27165</link>
		<comments>http://www.stockbloghub.com/2010/02/05/stt-state-street-corporation-settles-subprime-lawsuit/27165#comments</comments>
		<pubDate>Sat, 06 Feb 2010 01:30:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27165</guid>
		<description><![CDATA[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, State Street will pay about 270 investors. State Street will also pay a $10 million fine to both Massachusetts&#8217; Attorney General&#8217;s office and the Secretary of State&#8217;s office. According to the Securities and Exchange Commission (SEC), the funds for investment ? called the Limited Duration Bond Fund ? was set up in 2002 as an enhanced cash fund. The fund was promoted to investors as an alternative to a traditional money market fund. However, by 2007, the entire fund was invested in subprime residential mortgage-backed securities and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/05/stt-state-street-corporation-settles-subprime-lawsuit/27165/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(NAL) NewAlliance Bancshares Meets Earnings Expectations</title>
		<link>http://www.stockbloghub.com/2010/01/27/nal-newalliance-bancshares-meets-earnings-expectations/26144</link>
		<comments>http://www.stockbloghub.com/2010/01/27/nal-newalliance-bancshares-meets-earnings-expectations/26144#comments</comments>
		<pubDate>Wed, 27 Jan 2010 18:24:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[NAL]]></category>
		<category><![CDATA[New Alliance Bancshares Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=26144</guid>
		<description><![CDATA[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, record organic residential mortgage originations and improved net interest margin (NIM). Also, NewAlliance continued to maintain a strong capital position during the reported quarter. Net income for the quarter was $12.1 million, up 25.7% from $9.6 million in the prior-year quarter. Revenue for the reported quarter increased 11.1% year-over-year to $66.8 million. For full year 2009, NewAlliance’s net income came in at $46.4 million or 47 cents per share, compared to $45.3 million or 45 cents in the previous year. Revenues for the year increased 6.7% ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/27/nal-newalliance-bancshares-meets-earnings-expectations/26144/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MTB) M&amp;T Bank Corporation&#8217;s Earnings Misses Estimates</title>
		<link>http://www.stockbloghub.com/2010/01/20/mtb-mt-bank-corporations-earnings-misses-estimates/25457</link>
		<comments>http://www.stockbloghub.com/2010/01/20/mtb-mt-bank-corporations-earnings-misses-estimates/25457#comments</comments>
		<pubDate>Wed, 20 Jan 2010 22:55:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25457</guid>
		<description><![CDATA[Earlier today, M&#38;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 net interest income came in at $565 million, up 15% year over year and up 2% sequentially. The sequential growth in such income was primarily due to a widening in the net interest margin, which improved to 3.71% from 3.61%. This improvement was attributed to lower interest rates paid on deposits and borrowings and continued growth in non-interest-bearing deposits. Management stated that it continues to provide lending and banking services in local markets, which led to the increase in net income. Credit ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/20/mtb-mt-bank-corporations-earnings-misses-estimates/25457/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) Fitch Ratings Upgrades State Street Corporation on Improving Capital and Liquidity</title>
		<link>http://www.stockbloghub.com/2009/12/23/stt-fitch-ratings-upgrades-state-street-corporation-on-improving-capital-and-liquidity/23507</link>
		<comments>http://www.stockbloghub.com/2009/12/23/stt-fitch-ratings-upgrades-state-street-corporation-on-improving-capital-and-liquidity/23507#comments</comments>
		<pubDate>Wed, 23 Dec 2009 16:56:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Northern Trust Corporation]]></category>
		<category><![CDATA[NTRS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23507</guid>
		<description><![CDATA[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 Co. to &#8220;B/C&#8221; from &#8220;C&#8221; and also lifted the preferred stock rating of State Street&#8217;s trust preferred subsidiaries one notch in investment grade status to &#8220;BBB+&#8221; from &#8220;BBB&#8221;. However, Fitch maintained the issuer default ratings of State Street and its subsidiaries at &#8220;A+/F1+&#8221;. The favorable Fitch ratings reflect the company’s stability in its capital position and the cash reserves which have also enhanced its liquidity position. Moreover, the increase in the tangible common equity (TCE) ratio to 5.7% of tangible assets in the third quarter from 5.0% in the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/23/stt-fitch-ratings-upgrades-state-street-corporation-on-improving-capital-and-liquidity/23507/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(NAL) NewAlliance Bancshares to Open Branch in Hartford</title>
		<link>http://www.stockbloghub.com/2009/12/11/nal-newalliance-bancshares-to-open-branch-in-hartford/22644</link>
		<comments>http://www.stockbloghub.com/2009/12/11/nal-newalliance-bancshares-to-open-branch-in-hartford/22644#comments</comments>
		<pubDate>Fri, 11 Dec 2009 22:45:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[NAL]]></category>
		<category><![CDATA[New Alliance Bancshares Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22644</guid>
		<description><![CDATA[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 has now 87 branches in Connecticut and Western Massachusetts. The new branch will mark NewAlliance Bank’s second branch in the city of Hartford. Through this new branch, NewAlliance targets medium-to-small businesses by offering a full suite of commercial products and services. In 2003, NewAlliance was organized as a Delaware business corporation following the conversion of NewAlliance Bank – formerly New Haven Savings Bank – from mutual to capital stock form, which became effective Apr 1, 2004. The conversion of the bank resulted in the company owning ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/11/nal-newalliance-bancshares-to-open-branch-in-hartford/22644/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation Acquires Mourant International Finance Administration</title>
		<link>http://www.stockbloghub.com/2009/12/02/stt-state-street-corporation-acquires-mourant-international-finance-administration/21754</link>
		<comments>http://www.stockbloghub.com/2009/12/02/stt-state-street-corporation-acquires-mourant-international-finance-administration/21754#comments</comments>
		<pubDate>Wed, 02 Dec 2009 20:42:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21754</guid>
		<description><![CDATA[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 is expected to close in the first quarter of 2010 and expected to be slightly accretive to 2010 earnings, excluding one-time costs. Channel Islands-based Mourant International has about $170 billion in assets under administration and approximately 650 employees in locations including Dublin, Singapore and New York. It provides administration services for alternative investments, such as private equity, real estate and hedge funds. With $17.9 trillion in assets under custody and administration and $1.7 trillion in assets under management as at Sep 30, 2009, State Street operates in 27 countries and more than ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/02/stt-state-street-corporation-acquires-mourant-international-finance-administration/21754/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation Wins $300 Billion in Business</title>
		<link>http://www.stockbloghub.com/2009/12/01/stt-state-street-corporation-wins-300billion-in-business/21629</link>
		<comments>http://www.stockbloghub.com/2009/12/01/stt-state-street-corporation-wins-300billion-in-business/21629#comments</comments>
		<pubDate>Wed, 02 Dec 2009 00:59:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21629</guid>
		<description><![CDATA[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 deal, State Street will absorb 100 employees from MSIM. State Street, one of the world’s leading providers of financial services to institutional investors, will provide services including trade settlement, portfolio administration, and reporting and reconciliation services for most of MSIM’s $386 billion in assets under management. With $17.9 trillion in assets under custody and administration and $1.7 trillion in assets under management as at Sep 30, 2009, State Street operates in 27 countries and more than 100 geographic markets worldwide. The company’s results for the last few quarters have ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/01/stt-state-street-corporation-wins-300billion-in-business/21629/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NAL) NewAlliance Bancshares Tops Estimates Again</title>
		<link>http://www.stockbloghub.com/2009/11/01/nal-newalliance-bancshares-tops-estimates-again/19232</link>
		<comments>http://www.stockbloghub.com/2009/11/01/nal-newalliance-bancshares-tops-estimates-again/19232#comments</comments>
		<pubDate>Sun, 01 Nov 2009 21:50:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[NAL]]></category>
		<category><![CDATA[New Alliance Bancshares Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19232</guid>
		<description><![CDATA[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 in core deposits, organic loan originations and improved net interest margin [NIM]. Also, gains from mortgage banking activity and loan sales were strong during the quarter. Net income for the quarter was $12.6 million, compared to $10.9 million in the prior-year quarter. Net interest income increased 3.7% sequentially and 7.7% year over year to $51.8 million. NIM for the quarter improved 8 basis points (bps) sequentially as well as year over year to 2.71%. The increase in net interest income and the net interest margin is ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/01/nal-newalliance-bancshares-tops-estimates-again/19232/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MTB) M&amp;T Bank Corporation Surpasses Estimates</title>
		<link>http://www.stockbloghub.com/2009/10/20/mtb-mt-bank-corporation-surpasses-estimates/18251</link>
		<comments>http://www.stockbloghub.com/2009/10/20/mtb-mt-bank-corporation-surpasses-estimates/18251#comments</comments>
		<pubDate>Tue, 20 Oct 2009 23:44:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18251</guid>
		<description><![CDATA[M&#38;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 82 cents per share in the year-ago quarter. While acquisitions and improvements in interest margin have contributed to the upside, we note that the credit quality still remains a matter of concern. Taxable-equivalent net interest income totaled $553 million, up 12% year-over-year. Results reflected improvements in the net interest margin. Net interest margin improved 22 basis points year-over-year to 3.61%, which resulted from lower interest rates paid on deposits and long-term borrowings. Results also included impact of the earning assets obtained in the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/20/mtb-mt-bank-corporation-surpasses-estimates/18251/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STT) State Street Corporation Tops Consensus Estimates</title>
		<link>http://www.stockbloghub.com/2009/10/20/stt-state-street-corporation-tops-consensus-estimates/18261</link>
		<comments>http://www.stockbloghub.com/2009/10/20/stt-state-street-corporation-tops-consensus-estimates/18261#comments</comments>
		<pubDate>Tue, 20 Oct 2009 23:34:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18261</guid>
		<description><![CDATA[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 Corp. acquisition. However, the results were down 15.3% from $1.24 per share in the prior-year quarter. On a GAAP basis, earnings for the quarter came in at $1.04 per share. This compares unfavorably with earnings of $1.09 in the year-ago quarter. The year-over-year decrease in earnings was due primarily to an increase in shares outstanding and decrease in revenue, partially offset by reduced expenses. Revenue for the quarter increased 5.4% sequentially but decreased 19.3% year-over-year to $2.8 billion. Operating revenue for the quarter was down 10.6% year-over-year to $2.3 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/20/stt-state-street-corporation-tops-consensus-estimates/18261/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NPBC) A Rare Bank Without Defaults</title>
		<link>http://www.stockbloghub.com/2008/12/26/npbc-a-rare-bank-without-defaults/1805</link>
		<comments>http://www.stockbloghub.com/2008/12/26/npbc-a-rare-bank-without-defaults/1805#comments</comments>
		<pubDate>Sat, 27 Dec 2008 00:18:38 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[National Penn Bancshares]]></category>
		<category><![CDATA[NPBC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=1805</guid>
		<description><![CDATA[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, let alone all three. But there’s one bank in a quiet little corner of Pennsylvania that’s made thousands of loans &#8211; all to customers who have no credit history, zero credit scores, no drivers license and nothing beyond an eighth grade education. The most amazing part is that they’ve never had even one customer default on a loan. And that’s thousands of customers over a 20-year period. How can this possibly be true? A number of reasons… This bank strictly adheres to one of the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2008/12/26/npbc-a-rare-bank-without-defaults/1805/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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