All Posts Tagged With: "BBT"
(USB) U.S. Bank Failures Hit 7 So Far in 2012
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...
3Feb2012 | vitalstocks | 0 comments | Continued(USB) U.S. Bancorp Acquires BankEast
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...
3Feb2012 | vitalstocks | 0 comments | Continued(JPM) 2012 U.S. Bank Failures Number Three
After a month’s pause, U.S. regulators were back in action, shuttering three small banks in Georgia, Florida and Pennsylvania last Friday. These 3 represent the first bank failures of 2012 following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008. While the financials of...
24Jan2012 | vitalstocks | 0 comments | Continued(GS) Banking on a Turnaround? – Investment Ideas
Can we really have a rally without the financials? Earnings have been mixed for the financials. Let’s take a deeper look at the players in each segment and see if we can’t come to a consensus as to whether or not a rally can be supported. The Zacks Rank for most of these...
21Jan2012 | vitalstocks | 0 comments | Continued(BBT) BB&T Marginally Beats Earnings Estimates
BB&T Corp.’s (BBT) fourth-quarter 2011 earnings of 55 cents per share were marginally ahead of the Zacks Consensus Estimate of 52 cents. This also compares favorably with the prior quarter earnings of 52 cents and the prior-year earnings of 30 cents. For the full year 2011,...
21Jan2012 | vitalstocks | 0 comments | Continued(BBT) Standard & Poor’s Revises Regional Bank Ratings
In yet another round of credit ratings revision, Standard & Poor’s (S&P) announced changes in credit ratings for 31 regional banks. The list includes 28 publicly traded parent company banks, a non-public entity Bank of North Dakota and a couple of North American...
7Dec2011 | vitalstocks | 0 comments | Continued(BBX) BankAtlantic Bancorp Files Lawsuit Blocking Sale to BB&T Corporation
A group of corporate debt investors of BankAtlantic, a wholly-owned subsidiary of BankAtlantic Bancorp Inc. (BBX), filed a lawsuit against the firm to stop it from selling its loans, deposits and branches to BB&T Corporation (BBT). These investors believe that this sale infringes...
28Nov2011 | vitalstocks | 0 comments | Continued(JPM) FDIC Problem Bank List Shrinks – Earnings Soar
The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions saw a sharp decline for the second straight quarter to 844 in the July-September period from 865 in the preceding sequential period, federal regulators reported Tuesday. This...
28Nov2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Co Ends Trial Fees
JPMorgan Chase & Co. (JPM) has decided to withdraw its other bank fees related to checking accounts in addition to debit card usage fee. The news should spread cheer among customers as these charges were not part of the company’s regular fee structure. Over the last 10...
22Nov2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2011 Reach 90
U.S. regulators continue to shutter banks. Last Friday saw the closing down of one bank in Iowa and another in Louisiana. The twin closure takes the total number of U.S. bank failures to 90 so far in 2011, following 157 in 2010, 140 in 2009 and 25 in 2008. While the financials...
22Nov2011 | vitalstocks | 0 comments | 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 with the prior-year quarter earnings of 86...
20Oct2011 | vitalstocks | 0 comments | Continued(AAPL) A Busy Week Ahead – Earnings Preview
Earnings Preview 10/14/11 While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99 members of the S&P 500. Thus, by the end of the week we will have a very...
17Oct2011 | vitalstocks | 0 comments | Continued(JPM) U.S. FDIC Announces Two Bank Failures – Takes Count to 73 in 2011
After a week’s pause, U.S. regulators were back in action. The sector saw a couple of banks topple in Virginia and California last week. This brings the total number of U.S. bank failures to 73 so far in 2011, following 157 in 2010, 140 in 2009 and 25 in 2008. While the financials...
27Sep2011 | vitalstocks | 0 comments | Continued(JPM) U.S. 2011 Bank Failures Hits 71 – Florida Bank Fails
Last Friday, U.S. regulators shuttered The First National Bank of Florida, taking the number of failed banks thus far in 2011 to 71. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the financials of bigger banks have been stabilizing on the back of an...
15Sep2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Reach 70 So Far in 2011
After a week’s pause, U.S. regulators were back in action, shuttering two more banks in Georgia. This brings the total number of U.S. bank failures to 70 so far in 2011, following 157 in 2010, 140 in 2009 and 25 in 2008. While the financials of bigger banks have been stabilizing...
12Sep2011 | vitalstocks | 0 comments | Continued(JPM) Federal Deposit Insurance Corporation Announces Fewer Banks on Problem List
The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions saw a sharp decline to 865 in the second quarter from 888 in the sequentially preceding period, the agency said in its quarterly report on the health of the nation’s...
26Aug2011 | vitalstocks | 0 comments | Continued(ADSK) Company News for August 22, 2011 – Corporate Summary
• Sprint Nextel Corp. (NYSE:S) was rumored to be in talks with cable companies and may possibly acquire Clearwire Corporation (NASDAQ:CLWR) • AnnTaylor Stores Corp. (NYSE:ANN) posted second quarter earnings per share of $0.47, which surpassed the Zacks Consensus...
22Aug2011 | vitalstocks | 0 comments | Continued(BT) Company News for July 22, 2011 – Corporate Summary
• BB&T Corp. (NYSE:BBT) reported Q2 EPS of $0.44, slightly above the Zacks Consensus Estimate of $0.42 per share. Revenues rose 7% year-over-year to $2.18 billion, beating the Zacks Consensus Estimate of $2.148 billion • WESCO International, Inc. (NYSE:WCC)...
22Jul2011 | vitalstocks | 0 comments | Continued(BT) Company News for July 22, 2011 – Corporate Summary
• BB&T Corp. (NYSE:BBT) reported Q2 EPS of $0.44, slightly above the Zacks Consensus Estimate of $0.42 per share. Revenues rose 7% year-over-year to $2.18 billion, beating the Zacks Consensus Estimate of $2.148 billion • WESCO International, Inc. (NYSE:WCC)...
22Jul2011 | vitalstocks | 0 comments | Continued(AAPL) 2011 Second Quarter Earnings Preview – Detailed
Earnings Preview 7/15/11 Second quarter earnings season is now under way, but things really start to move into high gear next week. There will be 348 firms reporting, and 108 of those are in the S&P 500. By next Friday we should have a very good handle on how the overall...
18Jul2011 | vitalstocks | 0 comments | Continued(JPM) U.S Reports Another Bank Failure – 2011 Tally Hits 48
Last Friday, U.S. regulators shuttered Clayton, Georgia-based Mountain Heritage Bank, taking the number of failed banks thus far in 2011 to 48. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the financials of bigger banks have been stabilizing on the...
27Jun2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Tally Hits 47 in 2011
After a week’s pause, U.S. regulators were back in action, shuttering two more banks in Georgia and Florida. These pushed the number of failed U.S. banks to 47 so far in 2011. Looking back, there were 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the financials...
20Jun2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2011 Move to 45
Last Friday, U.S. regulators shuttered Charleston, South Carolina-based Atlantic Bank and Trust, taking the number of failed banks thus far in 2011 to 45. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the financials of bigger banks have been stabilizing...
7Jun2011 | vitalstocks | 0 comments | Continued(JPM) Federal Deposit Insurance Corporation’s Problem Institutions List Increases to 888
The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions saw a marginal increase to 888 in the first quarter from 884 in the previous, the agency said on Tuesday. This is the highest number since March 31, 1993, when there were...
29May2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Regulators Close Another Bank – 2011 Tally Hits 40
Last Friday, U.S. regulators shuttered Cocoa Beach, Florida-based Coastal Bank, taking the number of failed banks thus far in 2011 to 40. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the financials of bigger banks have been stabilizing on the back...
9May2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2011 Extend to 39
A spate of bank failures swept across the sector last Friday, with U.S. regulators closing down five more banks. Out of these failed banks, two were based in Florida, two in Georgia and one in Michigan. This brings the number of U.S. bank failures to 39 so far in 2011, after...
2May2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for April 25, 2011 – Corporate Summary
• International Game Technology (NYSE:IGT) reported Q2 EPS of $0.23, ahead of the Zacks Consensus Estimate of $0.20 per share. Revenues rose 1% year-over-year to $492.0 million • Maxim Integrated Products Inc (NASDAQ:MXIM) reported Q3 EPS of $0.40 ex-items, in-line...
25Apr2011 | vitalstocks | 0 comments | Continued(BBT) BB&T Earnings Report Moves a Penny Ahead of Estimates
BB&T Corporation’s (BBT) first quarter 2011 earnings came in at 32 cents per share, surpassing the Zacks Consensus Estimate by a penny as well as improving from the prior-year quarter’s earnings of 27 cents. BB&T’s results reflected higher net interest margin and...
24Apr2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Surge to 34 in 2011
Bank failures continue unabated as the U.S. regulators closed down six more banks last Friday. Out of the six failed banks, two were based in Georgia, two in Alabama and one each in Minnesota and Mississippi. This brings the number of U.S. bank failures to 34 so far in 2011,...
18Apr2011 | vitalstocks | 0 comments | Continued(COF) Capital One Gets Fitch Investment Grade Rating Retained
On Monday, Fitch Ratings announced that it has maintained its investment grade ratings on Capital One Financial Corp. (COF) and its core operating subsidiaries. The rating agency stated the company’s significant earnings growth and improving asset quality as the main reasons...
13Apr2011 | vitalstocks | 0 comments | Continued