Company Overview and News

to your dashboard

Headline News

Regulatory Relief in Sight for Banks: STI, BBT, ZION & More

2017-11-14 zacks
The long wait for relief of regulatory burden may finally be over. While the Trump administration continues to push for the reversal the Dodd Frank Act, a bipartisan agreement announced on Monday came as a breather. This is expected to pave the way for significant changes and bring major relief to banks. Highlights of the Agreement The major relief from the plan, unveiled by the Senate Banking Committee Chairman Mike Crapo, is likely to come in the form of reduction in the number of banks labeled as systemically important financial institutions (SIFI). (160-0)

Don’t hold out for that inheritance from your rich grandpa

2017-11-14 cnbc
Surprise! Leaving behind a pile of cash for heirs isn't a top priority for most baby boomers. (6-0)

US banks speed up with first new payment system in 40 years

2017-11-14 themalaymailonline
Screengrab from the Bank of New York Mellon website.NEW YORK, Nov 14 — An organisation of 25 US banks this week started the first new payment clearance and settlement system for the United States in more than 40 years, offering the prospect that businesses and individuals will be able to better track their funds minute-by-minute and use fewer paper checks. (133-0)

Senate's Crapo Reaches Deal With Democrats on Easing Bank Rules - Bloomberg

2017-11-13 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. (6-0)

Bank Stock Roundup: Investor Confidence Shaken, COF & WFC in Focus

2017-11-10 zacks
Over the last five trading days, the performance of banking stocks has been bearish. Expected delays in corporate tax reform and a flattening of the yield curve drove investor pessimism over bank stocks. Earlier this week, Democrats won elections in Virginia and New Jersey, which indicates increased prospects for their representatives in next year's midterm elections. This development increases investor apprehension, as this might challenge Republicans' plans of lessening regulations for banks. (274-0)

Bipartisan Dodd-Frank Rollback Could Benefit Banks Big and Small - Bloomberg

2017-11-09 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. (55-0)

Market Trends Bring a Big Tax Bite for Some Fund Investors - WSJ

2017-11-08 wsj
Mutual-fund investors who have enjoyed the stock market’s surge this year should be prepared for hefty capital-gains payouts from some funds and potentially big tax bills. (8-0)

Drooping Earnings Visibility Downgrades PNC Financial Services Group (PNC) to Hold

2017-11-07 investorplace
PNC Financial Services Group Inc (NYSE:PNC) is ranked as a Hold using Louis Navellier's Portfolio Grader stock evaluator, which incorporates his investing methodology. PNC has been downgraded from a Buy to a Hold in the last week. (6-0)

China’s output fall is no cause for concern

“The environmental crackdown, to last until next March, will continue to disrupt some industrial activities in north-eastern China and may lead to soft readings of the PMI in the months ahead,” according to Socio Economic Research Center executive director Lee Heng Guie (filepic) (9-0)

BancorpSouth (BXS) Closes Corporate Entity Restructuring

2017-11-02 zacks
Recently, BancorpSouth, Inc. (BXS - Free Report) completed the merger of the company with and into BancorpSouth Bank, following which the bank continues as the surviving entity. The merger as part of corporate entity restructuring, announced in July 2017, received consent and necessary regulatory approvals from the Federal Deposit Insurance Corporation and the Mississippi Department of Banking and Consumer Finance. (16-0)

Will Powell Have an Impact on Bank Stocks as Fed Chair?

2017-11-02 zacks
The matter of Janet Yellen’s succession has been troubling experts and individual investors alike over the past few weeks. With President Trump nearly certain to nominate Fed governor Jerome Powell as the central bank’s next Chairman, it is important to consider what his approach toward heading this crucial institution would be like. (219-0)

Citigroup to Gain $150M from Sale of Hilton Cards Portfolio

2017-11-01 zacks
Citigroup Inc. (C - Free Report) announced that it expects to achieve a pretax gain of about $150 million from the divesture of Hilton Honors credit card portfolio to American Express Company (AXP - Free Report) . The deal is expected to be completed by first-quarter 2018. (140-0)

BOK Financial (BOKF) Rewards Shareholders With Dividend Hike

2017-11-01 zacks
BOK Financial Corporation (BOKF - Free Report) raised its quarterly common stock dividend nearly 2.27% to 45 cents per share. The dividend will be paid on Nov 27 to shareholders of record as of Nov 13, 2017. BOK Financial’s robust business model reflects the company’s commitment toward returning value to shareholders with its strong cash generation capabilities. Prior to this revision, the company had raised its quarterly dividend to 44 cents per share in October 2016 — marking a 2. (16-0)

Major Banks Keep Seeing Analysts Raise Price Targets After Earnings

2017-10-31 247wallst
It is no secret that we are in the midst of a raging bull market, and the massive bullish run up is now almost nine years old. In fact, the major U.S. stock indexes have not seen a 10% pullback in more than a year and a half. (387-0)

U.S. regional banks look to Fed to book further gains

2017-10-25 in.reuters
(Reuters) - Higher interest rates and a tight lid on costs helped U.S. regional banks report profits above Wall Street expectations in the third quarter, but lack of further rate increases from the Federal Reserve could limit gains. (46-0)

CUSIP: 693475105