All Posts Tagged With: "BBT"
(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...
(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...
(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) 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...
(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...
(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,...
(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...
(JPM) Two U.S. Bank Failures Bring 2011 Tally to 28
After a week’s pause, U.S. regulators were back in action, shuttering two more banks in Illinois and Nevada. These pushed the number of failed U.S. banks to 28 so far in 2011. Looking back, there were 157 bank failures in 2010, 140 in 2009 and 25 in 2008.
While the...
(BK) Bank of New York Mellon Analyst Maintains Neutral Rating
We have reaffirmed our long-term “Neutral” recommendation on Bank of New York Mellon Corporation (BK). The company is well positioned to benefit from favorable long-term wealth management trends and a secular...
(APC) Stock Market News for March 22, 2011 – Market News
Markets ended in the green for the third consecutive day as indices moved higher on Monday, bolstered by bullish sentiments over big ticket mergers and acquisitions. Signs of the nuclear crisis in Japan stabilizing added to the cheer and the Dow crossed its psychological mark...
(AXP) Stock Market News for March 21, 2011 – Market News
The markets, on Friday, edged modestly higher taking a cue from banks getting a go-ahead for raising dividend rates and a weakening Japanese yen. Also, the Libyan government’s decision for a cease-fire helped calm investors down for the moment. However, investor expectations...
(JPM) Federal Deposit Insurance Corporation Sues Three Washington Mutual Executives
On Wednesday, The Federal Deposit Insurance Corp. (FDIC) sued three former top executives of Washington Mutual (WaMu). Federal regulators accused the executives for taking excessive and historically unmatched risks with the failed bank’s home loan portfolio.
FDIC...
(AAPL) Company News for March 17, 2011 – Corporate Summary
• Weatherford International (NYSE:WFT) shares dropped 2.79% to close at $19.88 after the company said disruptions in the Middle East and North Africa along with weather-related issues have forced it to cut Q1 earnings projections
• Deutsche...
(JPM) U.S. Bank Failures Reach 25 in 2011
After a week’s hiatus, U.S. regulators were back in action, shuttering two more banks in Oklahoma and Wisconsin. These pushed up the number of failed U.S. banks to 25 so far in 2011. These were preceded by 157 bank failures in 2010, 140 in 2009 and 25 in 2008.
While...
(ANN) Company News for March 14, 2011 – Corporate Summary
• Tesoro Corp. (NYSE:TSO) shares ended 8.5% higher at $24.51 as crude-oil prices fell below $101 a barrel and after analysts said that the earthquake could prompt demand for companies that could offset loss of energy from...
(USB) U.S. Bancorp Analyst Maintains Shares At Neutral
We are reiterating our Neutral recommendation on the shares of U.S. Bancorp (USB) following the company’s fourth quarter and full year earnings release as well as its recent acquisitions. Our analysis is...
(JPM) U.S. 2011 FDIC Bank Failures Reach 23
U.S.regulators on Friday shuttered St. Charles, Illinois-based Valley Community Bank, pushing up the number of failed U.S. banks to 23 so far in 2011. This was preceded by 157 bank failures in 2010, 140 in 2009 and 25 in 2008.
While the lifesaving programs launched...
(JPM) Banks on Federal Deposit Insurance Corporation Problem Institutions Grow
The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions grew to 884 in the fourth quarter from 860 in the previous quarter, the agency said on Wednesday. This is the highest number since the savings and loan crisis in the early...
(CCI) Consumer Confidence Index Spikes Upward Possibly Showing A Hint of Healing
Is economic recovery gaining some traction? Yes, perhaps, if we go by the report released by the Conference Boardon Tuesday.According to the Conference Board, its Consumer Confidence Index (CCI) for the month of February jumped to the highest level since February 2008. The...
(JPM) U.S. Bank Failures Continue in 2011 With Four More Closures
The ongoing economic volatility took its toll on a few more small banks last week. On Friday, four more were shuttered by the U.S. regulators. These banks were based in Florida, Michigan, Wisconsin and California. This takes the total number of bank failures to 18 so far in...
(JPM) U.S. Bank Failures Rise to Fourteen in 2011
Bank failures continue unabated as the U.S. regulators closed down three more banks last Friday. Out of the three failed banks, two were based in Georgia and one in Illinois. This brings the number of U.S. bank failures to 14 so far in 2011, preceded by 157 in 2010, 140 in...
(JPM) U.S. Bank Failures Now Up to 157 in 2010
The ongoing economic volatility took its toll on a few more banks last week. On Friday, six more banks were shuttered by U.S. regulators. Out of the six failed banks, three were based in Georgia and one each in Florida, Arkansas and Minnesota. This brings the total number...
(JPM) Federal Deposit Insurance Corporation’s Problem Bank List Increases
The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions in the third quarter grew to 860 from 829 in the previous quarter and 552 in the year-ago quarter, the organization said on Tuesday. This is the highest since the savings...
(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(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...
(JPM) 2010 U.S. Bank Failures Stretch to 146
The ongoing economic volatility took its toll on three more banks last week. Out of the three banks shuttered by the U.S. regulators last Friday, two were based in Georgia and one in Arizona. This brings the total number of bank failures to 146 so far in 2010, compared to...
(BBT) BB&T Quarterly Earnings Beat by a Nickel
BB&T Corporation’s (BBT) third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate of 26 cents. Adjusted earnings for the reported quarter leave out merger-related...
(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...
(RF) Regions Financial Reduces Loss but Misses Street Estimates
Regions Financial Corporation (RF) has narrowed its loss in the third quarter but missed the Zacks Consensus Estimate. The company reported a net loss of 17 cents per share, compared with a loss of 37 cents...
(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...