Business & Finance
Business and Finance
Business and Finance
Thu, March 1, 2012Wed, February 29, 2012Tue, February 28, 2012Mon, February 27, 2012Sun, February 26, 2012Sat, February 25, 2012Fri, February 24, 2012Thu, February 23, 2012Regional Banks Increasing Lending -- Synovus Financial and US Bancorp on the Upswing
Published in Business and Finance on Tuesday, February 28th 2012 at 5:27 GMT by Market Wire
February 28, 2012 08:20 ET
Regional Banks Increasing Lending -- Synovus Financial and US Bancorp on the Upswing
Five Star Equities Provides Stock Research on Synovus Financial & US Bancorp
NEW YORK, NY--(Marketwire - Feb 28, 2012) - 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 (
[ 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. Take a few minutes to register with us free at [ www.fivestarequities.com ] and get exclusive access to our numerous stock reports and industry newsletters.
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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