Synovus Financial and U.S. Bancorp Shine While the Big Banks Continue to Struggle
January 23 2012 - 8:20AM
Marketwired
Regional Banks in the U.S. have performed strongly of late.
According to a report from The Wall Street Journal regional banks
benefitted from an improved lending climate in the fourth quarter
as the national economy continues to gain strength. The Paragon
Report examines investing opportunities in the Regional Banking
Sector and provides equity research on Synovus Financial
Corporation (NYSE: SNV) and US Bancorp (NYSE: USB). Access to the
full company reports can be found at:
www.paragonreport.com/SNV
www.paragonreport.com/USB
Second Curve Capital LLC's Thomas Brown explains that it is
"much more easy" for smaller regional banks to control their
business. Brown told Bloomberg that one of the key positives for
banks in 2012, big and small, will be significant increases in
common-stock dividends. The Federal Reserve explained that it will
approve dividend increases and other capital distributions for
banks that demonstrate sufficient financial strength to operate
under stressed markets.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the regional banking sector register with us
free at www.paragonreport.com and get exclusive access to our
numerous stock reports and industry newsletters.
Last week US Bancorp reported fourth-quarter 2011 earnings of 69
cents per share. Earnings for the fourth quarter of 2011 were
driven by year-over-year growth in total net revenue and a lower
provision for credit losses, the company said in its earnings
release. During the fourth quarter U.S. Bancorp repurchased
approximately 6 million shares of common stock under a 50 million
share repurchase authorization announced on March 18, 2011.
U.S. Bancorp CEO Richard Davis said it was "accurate that banks
beyond the big five have been invited into the conversations, and
for that we believe we have something that we need to reserve
for."
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
US Bancorp (NYSE:USB)
Historical Stock Chart
From May 2024 to Jun 2024
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jun 2023 to Jun 2024