All Posts Tagged With: "ZION"

(COF) Capital One Financial Hikes Dividend

Last week, Capital One Financial Corporation (COF) announced a whopping 500% hike in its quarterly cash dividend. It came subsequent to the Federal Reserve’s approval of the company’s capital plan in March. Capital One declared...

17May2013 | | Comments Off | Continued

(ZION) Zions Bancorp Capital Plan Gets Partial Federal Reserve Approval

Last week, the Federal Reserve notified Zions Bancorp (ZION) that it had approved certain strategic actions of its capital plan, which was submitted in regard to the Fed’s 2013 Capital Plan and Review (CapPR). However, Zions...

24Mar2013 | | Comments Off | Continued

(MCO) Zions Bancorp Ratings Upgraded by Moody’s

Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO), has completed the review for the upgrade in ratings of Zions Bancorp. (ZION) and its subsidiaries...

24Dec2012 | | Comments Off | Continued

(C) Banks to Face Tougher Stress Test

Major American banks will have to undergo yet another round of stress tests early next year to prove their financial mettle for confronting another recession. The three stress test scenarios – baseline (based on expectations of private economists), adverse and severely adverse – were revealed...

30Nov2012 | | Comments Off | Continued

(BBT) Fitch Affirms Ratings of 14 U.S. Banks

Fitch Ratings has affirmed its Issuer Default Ratings (IDRs) on 14 large regional banks. This follows a thorough review of the peer group. The banks include BB&T Corporation (BBT), Capital One Finance Corp.(...

5Nov2012 | | Comments Off | Continued

(MCO) Zions Bancorp Listed as Likely Upgrade by Moody’s Investors Service

Moody’s Investors Service – the credit rating arm of Moody’s Corp. (MCO) – has placed the ratings of Zions Bancorp (ZION) and its affiliates on review...

8Oct2012 | | Comments Off | Continued

(XLF) Stock Market News for August 27, 2012 – Market News

Hopes of further economic stimulus helped benchmarks post gains once again on Friday. Not only did the U.S. Federal Reserve boost such hopes this time, the ECB is reportedly planning to set ‘yield band targets’ for its bond purchase plan. Volumes were at their second lowest on a full-day trading...

28Aug2012 | | Comments Off | Continued

(XLF) Stock Market News for August 27, 2012 – Market News

Hopes of further economic stimulus helped benchmarks post gains once again on Friday. Not only did the U.S. Federal Reserve boost such hopes this time, the ECB is reportedly planning to set ‘yield band targets’ for its bond purchase plan. Volumes were at their second lowest on a full-day trading...

27Aug2012 | | Comments Off | Continued

(ZION) Zions Bancorp Outpaces on Lower Expenses

Zions Bancorp.(ZION) reported its first-quarter 2012 earnings per share of 33 cents, surpassing the Zacks Consensus Estimate of 26 cents. Also, this compared favorably with the prior-quarter earnings of 30 cents. After considering...

1May2012 | | Comments Off | Continued

(JPM) JPMorgan to Return Overdraft Fees

The U.S. District Court of Southern Florida (Miami) has asked JPMorgan Chase & Co. (JPM) to pay $110 million to settle a class lawsuit related to the charging of inappropriate overdraft fees to its customers. The court held the...

13Feb2012 | | 0 comments | Continued

(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 units of European banks. Some...

7Dec2011 | | 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...

5Dec2011 | | 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...

10Nov2011 | | 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,...

26Oct2011 | | 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...

18Jul2011 | | 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 such as IBM and Intel...

20Apr2011 | | 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 concerns over the conflict...

10Mar2011 | | 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...

10Mar2011 | | 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 defaults and the impact...

31Jan2011 | | 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 an optimistic picture...

3Jan2011 | | 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

(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...

4Nov2010 | | 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 six months as most...

3Nov2010 | | 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...

18Oct2010 | | 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 and just 3 in 2007. While...

18Oct2010 | | 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 programs launched...

4Oct2010 | | 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 banks benefited...

3Oct2010 | | 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 in 2009, 25 in 2008...

14Sep2010 | | 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 since the savings and...

7Sep2010 | | 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 with 140 in 2009,...

23Aug2010 | | 0 comments | Continued