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ZIONO - People's United Financial: Poised To Profit From A Residential Real Estate Boom
Zions Bancorporation N.A. Depositary Shares each representing a 1/40th ownership interest in a share of Series G Fixed/Floating-Rate Non-Cumulative Perpetual Pr
Home building stocks have been on fire lately, with most rising over 20% in the month of July alone. On top of the great results culminating from earnings calls of these companies, recent monthly new residential construction data from the U.S. Census Bureau looks promising, which could be a great boon for People's United Financial (PBCT), a regional bank with already a large exposure to residential mortgage loans.
I outlined the emerging housing construction statistics in a recent SA blog post, as the dip in activity from the COVID-19 lock downs seems
Zions Bancorporation N.A. Depositary Shares each representing a 1/40th ownership interest in a share of Series G Fixed/Floating-Rate Non-Cumulative Perpetual Pr