All Posts Tagged With: "STI"
(BBT) BBT Corporation’s Ratings Lowered by Moody’s
On Monday, BB&T Corp.’s (BBT) senior debt and long-term deposit ratings were downgraded by Moody’s Investors Service, the ratings arm of Moody’s Corp. (
27Dec2010 | vitalstocks | 0 comments | Continued(PRAA) Portfolio Recovery Associates Expands Credit Facility
Yesterday, Portfolio Recovery Associates Inc. (PRAA) announced the expansion of its credit facility to $407.5 million from $365 million, according to the new four-year credit agreement effective December...
(BBT) BB&T Analyst Upgrades Shares to Neutral
We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM).
BB&T’s...
(MCO) Moody’s Investors Service Chops Ratings of Ten Banks
Moody’s Investors Service, the ratings arm of Moody’s Corp. (MCO), has lowered the ratings of 10 banks earlier this week on lower expectations for governmental support for these banks.
Banks...
(STI) SunTrust Banks Reports Swing to Profit
SunTrust Banks Inc.’s (STI) third quarter 2010 earnings of 17 cents per share were substantially ahead of a loss of 11 cents in the prior quarter and a loss of 76 cents in the year-ago quarter.
Results...
(AA) Stock Market News for November 3, 2010 – Market News
Stocks advanced broadly on Tuesday as investors turned their focus toward the results of mid-term elections and a two-day Federal Reserve meeting that is expected to unveil more measures to revive the economy. The advance sent the Dow average to its highest close in more...
(AA) Stock Market News for October 26, 2010 – Market News
U.S. stocks rose to their highest level since April amid renewed hopes that the Fed would soon initiate steps to stimulate economic growth. A jump in commodity prices, aided by a falling dollar, also helped push stocks higher and the blue-chip Dow average closed at its highest...
(BAC) Bank Ratings Reduced Under New U.S. Federal Deposit Insurance Corporation Rule?
Fitch Ratings has placed the ratings of a number of major banks under review for possible downgrade following a new rule proposed by the U.S. Federal Deposit Insurance Corporation (FDIC). Recently, the board of directors of FDIC has voted to approve the rule that details the...
(JPM) Regulators Close Three More Banks – U.S. Bank Failures Rise to 132 in 2010
Bank failures continue unabated as the U.S. regulators closed down three more banks on Friday. Out of the three failed banks, two were based in Missouri and one in Kansas. This brings the total number of bank failures to 132 so far in 2010, compared to 140 in 2009, 25 in 2008...
(JPM) U.S. Bank Failures in 2010 Climb to 129
U.S. regulators on Friday shuttered two more banks in Florida and Washington, pushing up the figure to 129 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and just 3 in 2007.
While the bigger banks benefited greatly from the...
(JPM) U.S. Bank Failures Climb to 127 in 2010
Bank failures continue unabated as the U.S. regulators closed down two more banks in Florida and Washington on Friday, pushing up the figure to 127 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and just 3 in 2007.
While the...
(JPM) U.S. Bank Failure Tally Hits 119 in 2010 – Horizon Bank Fails
Following a lull in bank failures for the last week of August and the first week of September, U.S. regulators last Friday shuttered Bradenton, Florida-based Horizon Bank, pushing up U.S. bank failures to 119 so far in 2010. This compares with a total number of 140 bank failures...
(JPM) U.S. Federal Deposit Insurance Corporation’s Problem Bank List Grows – More Banks Go Bust
According to a government report released on Tuesday, the number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions in the second quarter grew to 829 from 775 in the previous quarter and 416 in the year-ago quarter. This is the highest...
(WABC) U.S. Economy Hits 118 Bank Failures in 2010
The ongoing economic volatility took its toll on a few more banks last week. Eight more banks including ShoreBank, a big community bank based in Chicago, were shuttered by the U.S. regulators on Friday. This takes the total number of bank failures to 118 so far in 2010, compared...
(CHH) Choice Hotels International Sells $250 Million Senior Notes
Choice Hotels International Inc (CHH), a hotel franchisor worldwide, announced its offer of $250 million senior notes, which have an interest rate of 5.7% and will mature in 10 years. The offering is expected...
(GTIV) Gentiva Health Services Seals Odyssey Deal
Going ahead with its scheduled program, Gentiva Health Services Inc. (GTIV) completed the acquisition of Odyssey HealthCare Inc. (ODSY)...
(JPM) U.S. Bank Failures in 2010 Now Total 110
U.S. regulators on Friday shuttered Palos Heights, Illinois-based Palos Bank and Trust Company, pushing up U.S. bank failures to 110 so far in 2010. This compares with 140 bank failures in 2009, 25 in 2008 and only 3 in 2007.
Although the economy is showing signs of...
(JPM) Ravenswood Bank Based in Chicago Fails – Becomes 109th U.S. Failure in 2010
U.S. regulators on Friday shuttered Chicago, Illinois-based Ravenswood Bank, pushing up U.S. bank failures to 109 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and only 3 in 2007.
Although the economy is showing signs of...
(MCO) Rating Outlook Falls for Big Banks
The rating outlooks for big banks have been lowered by Moody’s Investor Service, a part of Moody’s Corporation (MCO). The rating agency has tempered its outlook for Bank of America Corporation...
(RF) Regions Financial’s Earnings Losses Narrower than Estimated
Regions Financial’s (RF) second quarter loss came in at 11 cents per share, better than the Zacks Consensus Estimate of a loss of 20 cents per share. Last year, the company reported a loss of 28 cents per...
(JPM) U.S. Bank Failures in 2010 Climbs to 90
Bank failures continue unabated as the U.S. regulators closed down four more banks on Friday. Out of the four failed banks, two were based in Maryland and one each in Oklahoma and New York. This brings the total number of bank failures to 90 so far in 2010, compared to 140...
(STI) SunTrust Second Quarter Earnings Shrinks Losses
SunTrust’s (STI) second quarter 2010 net loss was $56 million or 11 cents per share compared with a net loss of $229 million or 46 cents in the prior quarter and $164 million or 41 cents in the year-ago...
(BP) 2010 U.S. More Bank Failures Hit 86
The ongoing economic volatility has taken its toll on a few more banks last week. On Friday, three more were shuttered by U.S. regulators. These three banks were based in Florida, Georgia and New Mexico. The total number of bank failures goes up to 86 so far in 2010, compared...
(JPM) In 2010 U.S. Bank Failures Rise to 83
U.S. regulators on Friday shuttered Reno, Nevada-based Nevada Security Bank, pushing up U.S. bank failures to 83 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and only 3 in 2007.
Although the economy is showing signs of...
(JPM) U.S. Bank Failures in 2010 Increase to 81
Bank failures continue unabated as the U.S. regulators closed down three more banks in Mississippi, Illinois and Nebraska on Friday, pushing up the figure to 81 so far in 2010. This compares with a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although...
(BOFL) U.S. Bank Failures Hit 78 in 2010 So Far
The ongoing economic volatility has taken its toll on another set of banks last week. On Friday, five more were shuttered by U.S. regulators. Out of the five failed banks, three were based in Florida and one each in Nevada and California. This brings the total number of bank...
(JPM) U.S. Bank Failures in 2010 Increase to Seventy-Three
U.S. regulators on Friday shuttered St. Paul, Minnesota-based Pinehurst Bank, pushing up U.S. bank failures to 73 so far in 2010. This compares to bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although the economy is showing signs of a gradual recovery...
(JPM) FDIC Report Shows Big Banks Boost Industry Profit $$
Following the dreadful phase of the economic downturn, the banking industry’s profits soared during the first quarter of 2010. However, this was primarily led by the big banks, while small banks remained strained due to deteriorating credit conditions.
According to...
(JPM) U.S. Bank Failures in 2010 Rises to 72
On Friday, four more banks were shuttered by U.S. regulators. The failed banks were based in Georgia, Illinois, Michigan and Missouri. This brings the total number of bank failures to 72 so far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007.
Although the...
(JPM) U.S. Bank Failures Now Total 64 in 2010
A capricious economy triggered another set of bank failures last week. On Friday, seven more banks were shuttered by U.S. regulators. Out of the seven failed banks, three were in Puerto Rico, two in Missouri and one each in Michigan and Washington. This brings the total number...