All Posts Tagged With: "WFSL"

(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 good idea...

17Oct2011 | | 0 comments | Continued

(WFSL) Washington Federal Analyst Maintains Neutral Rating

We are maintaining our Neutral recommendation on Washington Federal Inc. (WFSL) based on the company’s fiscal third quarter results that were slightly better than the Zacks Consensus Estimate, benefitting mainly from increased net...

1Sep2011 | | 0 comments | Continued

(WFSL) Washington Federal Authorizes Share Buyback

On Monday, Washington Federal Inc. (WFSL) announced that its board of directors has authorized a new share repurchase program, under which the company will be able to buyback additional 10 million common shares. WFSL stated...

29Jun2011 | | 0 comments | Continued

(WFSL) Washington Federal Upgraded

We are upgrading our recommendation on Washington Federal Inc. (WFSL) to Neutral from Underperform based on improving credit quality and decreasing expenses. Though we remain concerned about the pressure on net interest margin (NIM)...

24Jun2011 | | 0 comments | Continued

(WFSL) Washington Federal Analyst Lowers Shares to Underperform

We have recently downgraded our recommendation on Washington Federal Inc. (WFSL) to Underperform from Neutral based on its sizable exposure to risky loan portfolios and rising costs. Washington Federal’s fiscal fourth-quarter...

11Dec2010 | | 0 comments | Continued

(WFC) Wells Fargo Warrants Sold by U.S. Treasury $$

The Treasury announced on Friday that it will earn $840 million from the sale of warrants that it obtained as part of its investment in Wells Fargo & Co. (WFC) through the Troubled Asset Relief Program (TARP) during the height...

24May2010 | | 0 comments | Continued

(CMA) Comerica Warrants to be Sold by the U.S. Treasury

Yesterday, the U.S. Treasury announced that it will auction warrants of Comerica Inc. (CMA) this week. The Treasury will auction 11.48 million warrants of Comerica on Thursday. The minimum bid price is set at $15 per warrant. This...

5May2010 | | 0 comments | Continued

(WFSL) Washington Federal Pases Estimates – Gains from Acquisition

Washington Federal’s (WFSL) second-quarter (ended March 31, 2010) earnings of 73 cents per share substantially surpassed the Zacks Consensus Estimate of 11 cents. Results were helped by significant gains from its acquisition of...

18Apr2010 | | 0 comments | Continued

(TCBI) Texas Capital Bancshares Warrents Sold by U.S. Treasury for $6.6 Million

The Treasury announced on Friday that it has received net proceeds of $6.6 million from the sale of warrants it had obtained as part of its investment in Texas Capital Bancshares Inc. (TCBI) through the Troubled Asset Relief Program...

16Mar2010 | | 0 comments | Continued

($BAC) Bank of America Eyes Expansion in China

According to a Wall Street Journal report, Bank of America Corporation (BAC) is looking to expand its operations in China. Currently, the bank has some investment banking and lending operations in the country. BofA also owns...

16Mar2010 | | 0 comments | Continued

(WFSL) U.S. Treasury Sells Washington Federal Warrants

The Treasury announced Wednesday that it has received net proceeds of $15.4 million from the sale of warrants it obtained as part of its investment in Washington Federal Inc. (WFSL) through the Troubled Asset Relief Program (TARP)...

12Mar2010 | | 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

(BAC) Bank of America Complies With Federal Reserve Ruling – Ends Debit Card Overdrafts

To play by the rules set by the Federal Reserve that will prohibit banks from charging overdraft fees effective July 1, 2010, Bank of America Corporation (BAC) said on Tuesday that it will eliminate such fees on debit card purchases...

10Mar2010 | | 0 comments | Continued

(BAC) U.S. Treasury Gets $1.5B from Bank of America Warrants

The Treasury has received net proceeds of $1.5 billion from the sale of warrants that entitled it to purchase common stock of Bank of America Corp. (BAC). The Treasury received these warrants as part of its investment in BofA...

5Mar2010 | | 0 comments | Continued

(WFSL) Washington Federal Analyst Upgrades to Neutral

We are upgrading our recommendation on Washington Federal Inc. (WFSL) to Neutral from Underperform. The company’s fiscal first quarter (ended Dec 31, 2009) earnings of 7 cents per share were a nickel short of the Zacks Consensus...

24Feb2010 | | 0 comments | Continued

(BAC) U.S. Treasury Sells Warrants of Four Banks

The U.S. Treasury Department is planning to auction off its warrant positions in four banks, which it received as part of its investments in banks through the $700 billion Troubled Asset Relief Program (TARP) during the height of the financial crisis. The government is taking this step to free the...

23Feb2010 | | 0 comments | Continued

(WFSL) U.S. Bank Failures Reach Fifteen in 2010

U.S. regulators on Friday shuttered six more banks in California, Georgia, Florida, Minnesota and Washington as the recession continues to take its toll on small banks. This brings the total number of bank failures to 15 so far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007. That is, one...

1Feb2010 | | 0 comments | Continued

(WFSL) Washington Federal’s Earnings Fall Short

Washington Federal’s (WFSL) first fiscal quarter (ended Dec 31, 2009) earnings of 7 cents per share were a nickel short of the Zacks Consensus Estimate. This also compares unfavorably with the earnings of 23 cents in the year-ago...

25Jan2010 | | 0 comments | Continued

(WFSL) 2010 U.S. Bank Failures Tally Reaches Nine

Regulators shut down 5 more banks in Florida, Missouri, New Mexico, Oregon and Washington; pushing up U.S. bank failures to 9 so far in 2010. Though the economy is showing signs of gradual recovery, bank failures continue unabated as U.S....

25Jan2010 | | 0 comments | Continued

(WFSL) 2010 U.S. Bank Failures Rise to Four

Regulators shut down 3 more banks in Illinois, Minnesota and Utah pushing up U.S. bank failures to 4 so far this year. U.S. regulators on Friday shuttered three more banks in Illinois, Minnesota and Utah as the recession continues to take its toll on small banks. This brings the total number...

18Jan2010 | | 0 comments | Continued

(WFSL) U.S. Bank Failures Continue Into 2010

U.S. regulators on Friday shuttered Horizon Bank of Bellingham, Washington, making it the first of the expected high number of small bank failures in 2010. Also, in California, the Bakersfield-based Kern Central Credit Union was seized by the National Credit Union Administration (NCUA). These two...

11Jan2010 | | 0 comments | Continued

(WFSL) Washington Federal – Bear of the Day

Washington Federal’s (WFSL) third quarter earnings were in line with the Zacks Consensus Estimate. However, the results significantly deteriorated from the prior-year quarter due to a huge increase in provision for loan losses, primarily in response to a deteriorating residential...

8Oct2009 | | 0 comments | Continued

(WFSL) Washington Federal Offers $300 mln Shares

Washington Federal Inc. (WFSL) initiated an underwritten public offering of $300 million of its common stock on Monday. The company plans to use proceeds from the offering for general corporate purposes Incorporatedluding capital to support growth and acquisition opportunities. The...

16Sep2009 | | 0 comments | Continued