All Posts Tagged With: "USB"
(XLF) Stock Market News for October 10, 2011 – Market News
Markets slipped modestly lower on Friday after the downgrade of Italy and Spain’s debt ratings overshadowed encouraging nonfarm payroll data. The Dow snapped its three-day winning streak, but the benchmarks ended with gains for the week spurred on by hopes of a resolution...
(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...
(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...
(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...
(AIG) American International Group Offers Notes Worth $2 Billion
Yesterday, American International Group Inc. (AIG) vended off senior unsecured floating-rate notes worth $2.0 billion in a two-part offering.
Accordingly, one part of senior unsecured notes is valued...
(BAC) Stock Market News for September 8, 2011 – Market News
Markets snapped a three-day losing streak on Wednesday, as investors were boosted by Germany’s support for the euro-zone bailout and eagerly await President Barack Obama’s new job plans. Additionally, the Federal Reserve’s Beige Book reported an improvement in economic...
(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...
(AAPL) Stock Market News for August 25, 2011 – Market News
The wild swing of the markets finally came to a halt after a strong rally in the final session pushed the benchmarks higher. Investor sentiment was boosted by positive durable-goods orders and investors rushed in to buy beaten-down financial stocks. Markets posted their third-straight...
(FMCC) U.S. Banks Stock Outlook – Aug. 2011 – Industry Outlook
Whatever be the impending economic state, U.S. banks — the lifeblood of the economy — are actively responding to every legal and regulatory pressure. In fact, this prompt responsiveness has positioned the banks well to encounter upcoming challenges.
Along...
(BAC) Investigating The Decline of U.S. Retail Banks
by Justin Dove, Investment U Research
(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...
(AXP) Stock Market News for June 30, 2011 – Market News
On Wednesday, markets enjoyed their best three-day winning streak in three months as investor sentiment was boosted by news that the Greek austerity plan had been approved by the nation’s lawmakers. This would not only enable Greece avoid a debt default but would also help...
(FITB) Fifth Third Bancorp Analyst Stays Neutral
We have reiterated our Neutral recommendation on Fifth Third Bancorp (FITB) following a detailed analysis of the company’s fundamentals, strengths and weaknesses...
(AAPL) Stock Market News for June 28, 2011 – Market News
On Monday, markets ended their three-day losing streak and were on course for a finish in the green, driven by financial and technology shares as well as optimism over the Greek austerity plan. Global banking regulators raised capital requirements for banks by a lesser than...
(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...
(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...
(XLF) Stock Market News for June 17, 2011 – Market News
Except the Nasdaq, all the benchmarks closed higher on Thursday as investor sentiment was somewhat lifted by economic reports. However, concerns about Greece’s debt situation kept gains in check. The gains made during a volatile trading session were also attributable to...
(BAC) Federal Reserve Requires More Stress Tests
The Federal Reserve requires more banks to submit their capital plans annually to prove their financial ability to confront another recession. The Federal Reserve will also hold the right to ban capital deployment activities of unsuccessful banks.
This is part of Federal...
(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...
(PCE) Stock Market News for May 31, 2011 – Market News
Investor sentiment was bolstered on Friday, as gas prices eased off and economic data struck a positive note. However, the modest gains ahead of the Memorial Day holiday were not strong enough to prevent a fourth consecutive week of losses for the indices.
The Dow Jones...
(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...
(APC) Stock Market News for May 23, 2011 – Market News
European debt concerns once again resurfaced to drag the markets lower on Friday. Disappointing earnings from retailers added to the bearish sentiment and washed out the gains of the previous two days. Following these developments, markets continued their run of weekly losses...
(BAC) U.S. Bank Stress Test Story Continues
According to a Financial Times report spotted on Tuesday, U.S. banks will have to go through stress tests every year to prove their financial ability to confront another recession. This annual drill is a requirement of the Federal Reserve, which also could hold the...
(USB) U.S. Trade Deficit Up on Foreign Oil Addiction
The Trade Deficit rose in March to $48.18 billion from $45.44 billion in January (revised down from $45.76 billion. The rise in the trade deficit is bad news for the economy, and the level is very dangerous.
For the month it was up 6.0%, and it was worse than the $47.7...
(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...
(WFC) Wells Fargo First Quarter 2011 Earnings Scorecard
Wells Fargo & Company (WFC) reported first quarter 2011 earnings of 67 cents per share on April 20 that was in line with the Zacks Consensus Estimate. Quarterly results reflect a decent reserve release...
(C) Citigroup First Quarter 2011 Earnings Scorecard
Citigroup Inc. (C) reported first quarter 2011 earnings of 10 cents per share on April 18 that was a penny ahead of the Zacks Consensus Estimate.The slightly better-than-expected result was driven by a fall...
(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...
(AAPL) Stock Market News for April 26, 2011 – Market News
Markets on Monday slipped marginally amidst tight volumes as inflationary worries crept in, suggesting lower profits in the quarters ahead. However, positive economic data limited the losses and investors now await the first of Fed Chairman Ben Bernanke’s four annual press...
(ABX) Company News for April 26, 2011 – Corporate Summary
• Netflix, Inc. (NASDAQ:NFLX) reported first quarter 2011 diluted earnings of $1.11 per share, surpassing the Zacks Consensus Estimate of $1.07 per share and 88.1% higher than the prior year quarter. Total revenue...