Equity Research on Fulton Financial Corp. and State Street Corp. - Northeast Banks Better Insulated From European Woes
May 24 2012 - 8:00AM
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In the first portion of 2012 the U.S. economy has generally been
moving at a positive pace and many feel confident that GDP growth
will gain strength as the year goes on. The world economy continues
to face some headwinds though, as recent European elections
heightened the possibility of continued volatility in the region.
However, regional Northeast banks such as Fulton Financial Corp.
and State Corp. may be well-positioned to circumvent such issues as
they are generally less exposed to risky and international ventures
and able to profit from local economic improvements. Get your free
reports on Fulton Financial Corp. and
State Street Corp. at
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Indeed, in the most recent quarter players in the northeaster
banks industry seem to be have benefited from continuing loan loss
provision reduction. Many have also noted growth in residential
mortgage refinancing activity which has helped to grow non-interest
income at a time when interest rates remain artificially low.
Fulton Financial Corp. report is accessible
for free by registering today at
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Moving forward, banks will be focused on positioning themselves
well to benefit from rising demand for credit from businesses and
consumers, spurred on by increasing confidence in the economy.
State Street Corp. report is accessible for
free by registering today at
http://www.shinesrooms.com/StateStreetCorp240512.pdf.
The two Regional - Northeast Banks stocks
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