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2020 Fed Stress Test Headlines No share buybacks in Q3 No increase in dividends in Q3 Limiting dividends based on "recent earnings" "The banking system has been a source of strength during this crisis," Vice Chair Randal K. Quarles said, "and the results of our sensitivity ...
"The Fed’s decision to have banks resubmit capital plans on likely more difficult scenarios is a negative sign for dividend payouts beyond the third quarter," wrote KBW analysts in a note summing up the Fed's bank stress test results. More news on: Wells Fargo & Company, The Gol...
After poring through the Fed's bank stress test results, Jefferies analyst Ken Usdin estimates that capital ratio requirements could increase for eight banks that Jefferies covers vs. the Fed's old framework — Capital One (NYSE: COF ), Discover Financial (NYSE: DFS ), Ally Financial (...
Also Commits to $500 Million in Incremental Financing in Minority Communities Citizens Financial Group, Inc., [NYSE: CFG] today announced a $10 million commitment to promote social equity and drive economic advancement in underserved communities. This new investment will harness the ...
Eastern Bank , America's largest mutual savings bank, is going public in what could be a $2 billion IPO. The bank said in its prospectus that one of the reasons for the move is to be able to "pursue opportunistic acquisitions" in its current and bordering markets. Following the IPO announceme...
Back in January 2019, we published an article touting the outperformance potential of the regional bank sector in an article entitled " Regional Banks Poised for Outperformance in 2019 ." The thesis played out as anticipated, as the KBW Bank Index ( BKX ) generated a +36% total return in 2019 ...
I was absolutely shocked to hear the recent news that Eastern Bank, the nation's largest mutual savings bank, had filed documents with the Securities and Exchange Commission to commence what could end up being a $2 billion IPO. Not only does the move seem like a major departure from its culture ...
A new report from the Center for Responsible Lending (CRL) shows that U.S. banks collected roughly $11.7 billion in overdraft-related revenue in 2019. That includes revenue from overdraft fees and non-sufficient funds (NSF) fees. Overdraft fees are charged to customers when transactions they mak...
The following slide deck was published by Citizens Financial Group, Inc. in conjunction with this Read more ...
Citizens Financial Group (NYSE: CFG ) says it has registered ~$4.98B of loans, or 48K loans, with the U.S. Small Business Administration in the Paycheck Protection Program, according to slides for its presentation at the Morgan Stanley Financials Conference. More news on: Citizens Financ...
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Corporate revenue rises as markets turn more favorable The national Citizens Business Conditions Index™ (CBCI) rose to 52.2 in the second quarter, pushing into expansionary territory after taking a step back at the beginning of the year. The reading above 50 indicates that econ...
2024-07-25 10:45:04 ET Avantor Inc. (AVTR) AVTR is trading UP for the last 5 days, and it at trading at $22.39 with volume of 6,161,926 and a one day change of $0.02 (0.07%). Avantor Inc. has a 52-week low of 16.63 and a 52-week high of $26.16. The business's 50-day moving average p...
2024-07-20 12:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...