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Regions Financial is being investigated by the U.S. government for improperly accounting for nonperforming loans during the financial crisis.
Some of the names on the move ahead of the open.
Wall Street begins an extremely abbreviated trading week today, with U.S. stock markets closing at 1 p.m. ET ahead of tomorrow's Christmas Day holiday.
Does offering extra cash to shareholders improve a company's stock performance? Not necessarily.
Some of the best bank stock money makers this year have been the names that were so lousy last year, and they still haven't made up what they lost, according to one writer for TheStreet.com.
Oct 23- A federal appeals court on Tuesday reinstated a $9.2 million securities arbitration ruling against Morgan Keegan& Co stemming from a group of bond funds that became the subject of a civil fraud action by regulators.
BIRMINGHAM, Ala.-- Regions Financial Corp. on Tuesday posted sharply higher third-quarter earnings, as the regional bank set aside less cash to cover loan losses. Regions reported net income of $301 million, or 21 cents per share, for the three months ended Sept. 30.
Compared to the same period a year ago, consumer discretionary and financial companies have taken the lead, showing EPS growth of 8 percent and 5 percent, respectively.
Oct 4- Moody's Investors Service placed the long-term ratings of Regions Financial Corporation and its subsidiaries on review for upgrade.
The easiest way to look at a bank's real value is by stripping out reserve releases because — at this point in the economic cycle — banks are continuing to release loan loss reserves that are providing a boost to their bottom lines.
Sometimes rumors are too good an idea to ignore, especially when it comes to bank acquisitions, “Mad Money” host Jim Cramer said Tuesday.
Raymond James Financial’s April acquisition of regional broker dealer Morgan Keegan from Regions Financial will likely drive an upside earnings surprise, according to a note from Goldman Sachs published Friday.
Following are Thursday's 'Pops & Drops.' Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Take a look at some of Thursday’s morning movers:
Bank of America is one of three large-capitalization banks that could face earnings pressure from the recent rally in five-year and 10-year U.S. Treasurys, while Citigroup and Huntington Bancshares “seem least exposed near term” to negative impacts from the rally, according to a recent report from Deutsche Bank.
When David Wegner went looking for a checking account in January, he was peppered with offers for low-end financial products, including a prepaid debit card with numerous fees, a short-term emergency loan with steep charges, money wire services and check-cashing options.
Compared to the same period a year ago, financials and utility companies have taken the lead, showing EPS growth of 17 percent and 14 percent, respectively.
Take a look at some of Tuesday’s morning movers:
Stocks accelerated their selloff in the final hour of trading Friday to close at session lows, logging their worst weekly decline for the year, as ongoing signs of weakness overseas and tepid economic news in the U.S. kept investors on edge.
Bespoke Investment Group has updated its list of value stocks under $10.