Strong Earnings Season Expected From US Regional Banks
January 11 2012 - 8:20AM
Marketwired
Regional Banks are on the upswing heading into earnings season as
promising predictions from Credit Suisse has renewed investor
confidence in the sector. In a research note, Credit Suisse analyst
Craig Siegenthaler predicted that regional bank stocks would
continue to outperform through earnings season and that loan growth
would exceed investor expectations. Five Star Equities examines
investing opportunities in the Regional Banking industry and
provides equity research on Synovus Financial Corporation (NYSE:
SNV) and Fifth Third Bancorp (NASDAQ: FITB). Access to the full
company reports can be found at:
www.fivestarequities.com/SNV www.fivestarequities.com/FITB
Earlier this week the Basel Committee on Banking Supervision's
board announced that banks will be permitted to go below minimum
liquidity levels during financial crises to avoid cash-flow
difficulties, although they'll have to hold emergency stocks of
easy-to-sell assets. The Basel Committee rejected industry lobbying
for a delay from the 2015 start date or major changes to the
measure, known as the "liquidity coverage ratio," which will
require banks to hold buffers against a 30-day market crisis.
Bloomberg Businessweek reported that banks have argued that the
rule may curtail loans by forcing them to hoard cash and buy
government bonds.
Five Star Equities releases regular market updates on the
Regional Banking industry so investors can stay ahead of the crowd
and make the best investment decisions to maximize their returns.
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Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $115 billion in
assets and operates 15 affiliates with 1,316 full-service Banking
Centers. Earlier this month the company announced that it will be
lending more money in 2012, as demand continues to pick up.
Last month Fifth Third declared a fourth quarter 2011 cash
dividend on its common shares of $0.08. The cash dividend is
payable on Friday, January 20, 2012 to shareholders of record as of
Friday, December 30, 2011.
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