Industry News


M&T Bank: Thinking The Unthinkable

2017-01-20 seekingalpha
M&T is a great bank, and trades at a premium to comparable peers. Purists love it for good reason. But can we do a bit better?

My Top Pick For 2017

2017-01-20 seekingalpha
As part of Mexico's privatization efforts, the country sold off most of its airports to the public. It put these into four airport groups, three of which are now publicly-traded.

Worldwide Cloud Service Brokerage Market is Expected to Reach US$22.4 bn by 2024: Increasing Complexities of Data Spike Demand for Efficient Storage |TMR

2017-01-20 prnewswire
The cloud service brokerage market faces a high degree of competition due to the presence of a large number of players. The growing number of competitors in the market have intensified the competition over the past few years. The top three players showing dominance in the global cloud service brokerage market are Accenture Plc., Capgemini S.A., and Cognizant Technology. Collectively, these companies are estimated to hold a share of 58.

Post Earnings Coverage as Synovus Financial's Q4 EPS Rose 22.2%; Hikes Dividend

2017-01-20 accesswire
LONDON, UK / ACCESSWIRE / January 20, 2017 / Active Wall St. announces its post-earnings coverage on Synovus Financial Corp. (NYSE: SNV). The Company posted its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on January 17, 2017. The Columbus, Georgia-based company's adjusted diluted EPS grew 22.2% y-o-y, outperforming Wall Street's estimates. Register with us now for your free membership at:

3M (MMM) Q4 Earnings: What's in the Cards for the Stock?

2017-01-20 zacks
Industrial goods manufacturer 3M Company (MMM - Free Report) is scheduled to report fourth-quarter 2016 results before the opening bell on Jan 24. In the last reported quarter, 3M’s earnings beat the Zacks Consensus Estimate by a penny. In the trailing four quarters, the company has beaten earnings estimates on three occasions with an average positive earnings surprise of 4.59%.

Associated Banc-Corp (ASB) Beats Q4 Earnings, Costs Rise

2017-01-20 zacks
Associated Banc-Corp (ASB - Free Report) reported fourth-quarter 2016 earnings per share of 34 cents, outpacing the Zacks Consensus Estimate of 32 cents. Also, the figure represents an increase of 26% from the prior-year quarter. Better-than-expected results were primarily driven by an improvement in total revenues. Moreover, the company registered growth in deposits and loan balances. Results also benefited from lower provision for credit losses.

SunTrust (STI) Beats on Q4 Earnings & Revenue Estimates

2017-01-20 zacks
Have you been eager to see how SunTrust Banks, Inc. (STI - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta-based commercial banking organization’s earnings release this morning: An Earnings Beat SunTrust came out with earnings per share of 90 cents, which surpassed the Zacks Consensus Estimate was 88 cents. A rise in revenues mainly led to the earning beat.

Regions Financial (RF) Q4 Earnings Beats as Revenues Rise

2017-01-20 zacks
Have you been eager to see how Regions Financial Corporation (RF - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this AL-based popular bank’s earnings release this morning: An Earnings Beat Regions Financial came out with adjusted earnings per share of 24 cents, beating the Zacks Consensus Estimate of 22 cents. The results in the quarter exclude certain non-recurring items.

Lloyds Said to Shuffle Executives Ahead of Strategy Review - Bloomberg

2017-01-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Buy PepsiCo At $99 - Cramer's Lightning Round (1/19/17)

2017-01-20 seekingalpha
Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Thursday, January 19.

Ameris Bancorp Announces 2016 Financial Results

2017-01-20 prnewswire
MOULTRIE, Ga., Jan. 20, 2017 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $72.1 million, or $2.08 per share, for the year ended December 31, 2016, compared with $40.8 million, or $1.27 per share, for 2015.  For the quarter ending December 31, 2016, reported results include net income of $18.2 million, or $0.52 per diluted share, compared with $14.1 million, or $0.

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Funds that invest in Trump, and other investment ideas for 2017

2017-01-20 cnbc
Days after the Trump inaugural, the Inside ETFs conference is kicking off in Hollywood, Florida, and by all accounts it will be the biggest gathering around exchange-trade funds yet, with close to 2,500 participants spread out over four days of meetings.

New Strong Sell Stocks for January 20th

2017-01-20 zacks
Amazon.com, Inc. (AMZN - Free Report) engages in the retail sale of consumer products in North America and internationally. The Zacks Consensus Estimate for its current year earnings has been revised 2% downward over the last 30 days.

Will Rally Continue for Zions (ZION) Stock Post Q4 Earnings?

2017-01-20 zacks
Zions Bancorporation (ZION - Free Report) is slated to report fourth quarter and 2016 results on Monday, Jan 23, after the market closes. Last quarter, Zions’ earnings beat the Zacks Consensus Estimate, mainly driven by higher revenues. These were partly offset by a rise in provision for loan losses and higher expenses. The earnings beat along with Trump induced rally translated into improved share price movement for Zions.

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Clean Energy Trends 2017: Corporate Commitments, Subnational Leadership, and Clean Energy Jobs

2017-01-20 renewableenergyworld
For 17 years, my colleagues and I at Clean Edge have highlighted the major clean-energy trends to watch at the beginning of each year. Many of our past projections have become reality: the wide adoption of LED lighting, the growth of EVs over fuel-cell vehicles for next-gen transportation, and the significant cost declines of both wind and solar power, which are making renewable energy (RE) sources more competitive than coal in a growing number of regions.

Deutsche Bank Burden in U.S. Settlement Eased by Fine Print - Bloomberg

2017-01-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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BRIEF-SunTrust Q4 EPS $0.90

2017-01-20 reuters
* Common equity tier 1 ("cet1") ratio was estimated to be 9.6 pct as of December 31, 2016, and 9.5 pct on a fully phased-in basis

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BRIEF-Regions Financial Q4 EPS $0.23

2017-01-20 reuters
* Regions reports full year 2016 earnings of $1.1 billion, up 10 percent over the prior year, and earnings per share of $0.87, up 16 percent

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Fix, don't kill, the Volcker Rule: Trump treasury pick

2017-01-20 money.cnn
But Steven Mnuchin, President-elect Trump's pick for treasury secretary, signaled on Thursday that the Volcker Rule isn't on the chopping block, at least not completely.

KeyCorp: Time To Lock In This Integration Story

2017-01-20 seekingalpha
Downside is limited because the market is not pricing in the full potential of this differentiated bank.

Stock Exchange: Health Insurance Worth Considering, But Watch Out For Mexico

2017-01-20 seekingalpha
Last week's Stock Exchange illustrated how human traders could call upon models as "consultants," effectively creating their own trading room. If you missed the post, please check it out. This week the gang is short on fresh ideas - and I vetoed one of them! We never reach for new trades, and that itself is a good tale.

SunTrust Reports Fourth Quarter and Full Year 2016 Results

2017-01-20 prnewswire
ATLANTA, Jan. 20, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $448 million, or $0.90 per average common diluted share.  This compares to $0.91 for the prior quarter and $0.91 for the fourth quarter of 2015.  For the full year, earnings per share increased 1% from $3.58 in 2015 to $3.60 in 2016 driven by strong revenue growth and higher capital returns, partially offset by a higher provision expense and higher noninterest expense.

Pre-Stabilisation Notice - Wells Fargo

2017-01-20 londonstockexchange
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Wintrust Financial's (WTFC) CEO Edward Wehmer on Q4 2016 Results - Earnings Call Transcript

2017-01-20 seekingalpha
Welcome to Wintrust Financial Corporation's 2016 Fourth Quarter and Year-to-date Earnings Conference Call. At this time all participants are in listen-only mode. [Operator Instructions]

Indonesia’s worried about market ‘psychology’ with JPMorgan report

2017-01-20 themalaymailonline
JPMorgan had published a research report that gave Indonesia an underweight assessment. — Reuters picJAKARTA, Jan 20 — Indonesia’s reform-minded finance minister seemed to invoke memories of the 1997-98 Asian financial crisis this week when explaining why she came down so hard on JPMorgan Chase & Co for downgrading the country’s equity market.