Regional Banks Increasing Lending -- Synovus Financial and US Bancorp on the Upswing
February 28 2012 - 8:20AM
Marketwired
Regional banks continue to be one of the stronger performers in the
Financial sector. Over the last three months, the SPDR S&P
Regional Banking ETF (KRE) is up an incredible 25 percent --
outperforming the Dow Jones Industrial Average by more than 35
percent. Five Star Equities examines investing opportunities in the
Regional Banking industry and provides equity research on Synovus
Financial Corporation (NYSE: SNV) and US Bancorp (NYSE: USB).
Access to the full company reports can be found:
www.fivestarequities.com/SNV www.fivestarequities.com/USB
A recent report from Standard and Poor's finds that U.S.
regional banks reported "satisfactory performance results" for
fourth-quarter 2011 and were profitable for the third consecutive
quarter. Although the banks generally had difficulty generating
significant new loan volume, some were able to increase their
commercial and industrial lending, the S&P report finds.
S&P says some regional banks also benefitted from resurgence in
commercial real estate (CRE), especially multifamily housing, in
their respective markets.
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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Credit Suisse recently released a report stating that U.S.
regionals should expect "year-end window dressing and declines in
mortgage-banking-related credits to be the primary drivers of lower
growth" in the current quarter. Credit Suisse expects
second-quarter 2012 growth to reaccelerate, however.
Regions Financial Corporation operates as the holding company
for the Regions Bank that provides a range of commercial, retail,
and mortgage banking services in the United States.
Huntington Bancshares Incorporated operates as the holding
company for The Huntington National Bank that provides commercial,
small business, and consumer banking services.
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