All Posts Tagged With: "ZION"
(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(MA) MasterCard in mCommerce Tie
In an attempt to expand its mobile commerce (mCommerce) platform, yesterday, MasterCard Inc. (MA) announced a global strategic alliance with mFoundry. The latter is a well-positioned mobile banking solutions provider in the US with seven years of experience. Besides the collaboration,...
5Dec2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America to Repay Unfair Overdraft Fees
Bank of America Corporation (BAC) has hit the headlines for manipulating overdraft fees. On Monday, the U.S. District Court of Southern District of Florida (Miami) ordered BofA to pay back $410 million to its more than 13 million customers who were charged with inappropriate...
10Nov2011 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorp Earnings Outpace Estimates
Zions Bancorp. (ZION) reported third quarter 2011 earnings of 40 cents per share, significantly ahead of the Zacks Consensus Estimate of 32 cents. However, this is below the prior quarter’s earnings of 45 cents per share. However, after considering non-cash effects of the discount...
26Oct2011 | 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(AKS) Stock Market News for April 20, 2011 – Market News
On Tuesday, markets ended with modest gains as an earnings-driven trading day witnessed positive results and sentiments were boosted by strong results from bellwether stocks. Earnings reports of healthcare stocks helped push the markets higher aided by steel stocks. Tech majors...
20Apr2011 | vitalstocks | 0 comments | Continued(AMP) Stock Market News for March 10, 2011 – Market News
The second anniversary of the market’s Bull Run ended on a weak note as markets pared gains of the earlier trading day and closed marginally lower. The S&P 500 has gained 95.4% since it slid to 676.53 on March 9, 2009. However, continuing unrest in the Persian Gulf and...
10Mar2011 | vitalstocks | 0 comments | Continued(AEO) Company News for March 10, 2011 – Corporate Summary
• Navistar (NYSE:NAV) reported Q1 EPS of $0.16, ex-items, lower than the Zacks Consensus Estimate of $0.20 per share • AeroVironment Inc (NASADQ:AVAV), a company which makes remote controlled planes for the military, reported a 76% rise in its quarterly profit • Retailer...
10Mar2011 | vitalstocks | 0 comments | Continued(FMCC) U.S. Banks Stock Update – January 2011 – Industry Outlook
Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives, including asset-quality troubles, the continuation of both residential and commercial real estate loan...
31Jan2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for Janurary 3, 2011 – Market News
Investors mostly stayed away from the Street on Friday, being New Year’s Eve and markets closed largely mixed. This was also one of the lightest volume trade days of the year. Though, apart from the Dow, certain benchmarks shed a few points on the closing day, the markets posted...
3Jan2011 | vitalstocks | 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 2010 earnings missed the Zacks Consensus Estimate...
11Dec2010 | vitalstocks | 0 comments | Continued(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 Thumbed Down The banks whose ratings were downgraded are BB&T Corp....
4Nov2010 | vitalstocks | 0 comments | Continued(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 than...
3Nov2010 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorp Beats Third Quarter Earnings Estimates
Zions Bancorp. (ZION) reported third quarter 2010 loss per share of 47 cents, narrower than the Zacks Consensus Estimate of 51 cents per share loss. Results were a significant improvement over the prior and year-earlier quarters. Zions ended the quarter with record high capital...
18Oct2010 | vitalstocks | 0 comments | Continued(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...
18Oct2010 | vitalstocks | 0 comments | Continued(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 various...
4Oct2010 | vitalstocks | 0 comments | Continued(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 bigger...
3Oct2010 | vitalstocks | 0 comments | Continued(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...
14Sep2010 | vitalstocks | 0 comments | Continued(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...
7Sep2010 | vitalstocks | 0 comments | Continued(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...
23Aug2010 | vitalstocks | 0 comments | Continued(MS) U.S. Banks Stock Update – August 2010 – Industry Outlook
Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives Incorporatedluding asset-quality troubles, the continuation of both residential and commercial real estate...
20Aug2010 | vitalstocks | 0 comments | Continued(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 a gradual...
16Aug2010 | vitalstocks | 0 comments | Continued(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 a gradual...
10Aug2010 | vitalstocks | 0 comments | Continued(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 (BAC) (or BofA) , Citigroup Inc. (C) and Wells Fargo & Company (WFC) to “negative”...
2Aug2010 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation Unloads CDO Risks
On Wednesday, Zions Bancorporation ( ZION ) entered into a total return swap (TRS) deal with Deutsche Bank AG (DB) to lessen credit risks for certain securities in its portfolio. Through this arrangement, the company could unload risks from $1.16 billion portfolio of collateralized...
30Jul2010 | vitalstocks | 0 comments | Continued(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 in...
26Jul2010 | vitalstocks | 0 comments | Continued(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...
28Jun2010 | vitalstocks | 0 comments | Continued(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 a gradual...
21Jun2010 | vitalstocks | 0 comments | Continued(ZION) Zions Prices $125 Million in Preferred Stock
On Friday, Zions Bancorp. (ZION) announced that it has priced 5 million preferred shares worth $125 million at an initial public offering price of $25 per depositary share. The offering is priced at an initial dividend rate of 11%. Post offering, each depositary share represents...
14Jun2010 | vitalstocks | 0 comments | Continued(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...
7Jun2010 | vitalstocks | 0 comments | Continued