NEW YORK, July 22, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please
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Today, Investors' Reports announced new research reports
highlighting M&T Bank Corporation (NYSE: MTB), Comerica
Incorporated (NYSE: CMA), Wintrust Financial Corporation (NASDAQ:
WTFC), MB Financial Inc. (NASDAQ: MBFI), and Signature Bank
(NASDAQ: SBNY). Today's readers may access these reports free of
charge - including full price targets, industry analysis and
analyst ratings - via the links below.
M&T Bank Corporation Research
Report
On July 17, 2013, M&T Bank
Corporation (M&T) released its operations results for Q2 2013.
The Company's GAAP measured Diluted earnings per share jumped by
29% QoQ and 49% YoY to $2.55. The
Company's GAAP net income rose by 27% QoQ and 49% YoY to
$348 million. Rene F. Jones, Executive Vice President and CFO
of M&T, said, "During the quarter, we took advantage of market
conditions to reduce our exposure to private label mortgage-backed
securities in favor of more liquid Ginnie
Mae securities and we also liquidated our positions in Visa
and MasterCard stock, for which the value had risen significantly."
The Full Research Report on M&T Bank Corporation - including
full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-17/MTB]
Comerica Incorporated Research
Report
On July 16, 2013, Comerica
Incorporated (Comerica) released its Q2 2013 financial results. The
Company reported that net income for Q2 2013 increased by 6.7% QoQ
to $143 million. Q2 2013 earnings of
$0.76 per diluted share were higher
as compared to $0.70 per diluted
share in Q1 2013. Commenting on the recent quarter's performance,
Ralph W. Babb Jr., Chairman and CEO
of Comerica, said, "Average loan growth and fee growth, expense
control and continued solid credit quality, contributed to our 9
percent increase in earnings per share in the second quarter.
Average total loans grew $276 million
compared to the first quarter, and reflected an increase of
$337 million, or 1 percent, in
commercial loans. Our Middle Market business lines across all three
of our major geographies were a key contributor to our loan growth
in the second quarter. Overall, customers remain cautious, but
relatively more positive, in this slow growing economy." The Full
Research Report on Comerica Incorporated - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.investorsreports.com/report/2013-07-17/CMA]
Wintrust Financial Corporation
Research Report
On July 16, 2013, Wintrust
Financial Corporation (Wintrust) reported its Q2 2013 financial
results. Net income came in at $34.3
million or $0.69 per diluted
common share for Q2 2013, compared to net income of $32.1 million or $0.65 per diluted common share in Q1 2012, and
net income of $25.6 million or
$0.52 per diluted common share for Q2
2012. Edward J. Wehmer, President
and CEO of Wintrust stated, "Wintrust reported record levels of net
income for a quarterly and six month period. The second quarter of
2013 was highlighted by solid loan growth, increased net interest
margin, improved utilization of liquidity and another strong
quarter of mortgage banking and wealth management results." The
Full Research Report on Wintrust Financial Corporation - including
full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-17/WTFC]
MB Financial Inc. Research Report
On July 15, 2013, MB Financial
Inc. (MB Financial) announced that it has entered into a definitive
merger agreement to acquire Taylor Capital Group, Inc. According to
MB Financial, the combination is expected to nearly double its
middle market commercial banking market share in Chicago area. Commenting on the acquisition,
Mark A. Hoppe, President and CEO of
Taylor Capital, said, "We are proud to be joining the MB Financial
organization, one that has a remarkably similar culture and values
as ours. Having fulfilled the strategic and operating objectives
that we have been pursuing over the past five years, we undertook a
thorough review of our options for the future and determined
without reservation that this path is clearly in the best long-term
interests of our shareholders, clients, employees and the
communities that we serve." The Full Research Report on MB
Financial Inc. - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-18/MBFI]
Signature Bank Research Report
On July 10, 2013, Signature Bank
(Signature Bank) announced the addition of a new private client
banking team to be based in the Brooklyn area. The Company named Leon Kratsberg and Gary
Shulevich as Senior Vice President and Group Director, while
Deborah Raffone was appointed as the
Senior Client Associate. Joseph J.
DePaolo, President and CEO of Signature Bank stated, "The
appointment of Leon, Gary and Debbie marks the seventh team we've
added in the first half of the year and the 10th private client
banking team we now have based in Brooklyn, serving this growing marketplace.
Leon and Gary will cater to clients throughout Brooklyn as well as Staten Island, since during the past decade,
they have focused on forging relationships throughout both areas."
He further added "With the recent commercial and residential
boom and changing landscape throughout many parts of Brooklyn, we are continuing to expand our
presence in this vibrant marketplace. Our three established
offices, along with another set to open soon, will extend our
single-point-of-contact approach to additional clients throughout
the borough. We welcome the team to the Bank, and look forward to
furthering our presence in this area." The Full Research Report on
Signature Bank - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-17/SBNY]
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