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The Fed's $600B Main Street Lending Facility is "not getting a ton of interest from borrowers," Fed Chair Jerome Powell said during his testimony yesterday in Congress. More news on: SPDR S&P Regional Banking ETF, SPDR S&P Bank ETF, Direxion Shares ETF Trust - Direxion Daily Region...
The Fed last night ordered banks to suspend dividend increases and not resume buybacks through at least the third quarter. Not only that, but dividends going forward will be limited to what the banks actually earn (more or less). More news on: Financial Select Sector SPDR ETF, SPDR S&P...
David Aurelio of Refinitiv is doing an earnings conference call today, i.e. Wednesday morning, June 24th, 2020 at 11:00 am central time. Search the Refinitiv website or David Aurelio's blog for the details. This blog's source earnings data comes from Refinitiv, which sources the data from IBES...
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 ...
Introduction First US Bancshares ( FUSB ) is a small regional bank headquartered in Birmingham, Alabama. It has 21 branches , operates in three states, and conducts the majority of its business in Alabama. Together with its two wholly owned subsidiaries, Acceptance Loan Company and FUS...
Scott McComb, CEO and Chairman of Heartland Bank (HLAN) joins us for a unfiltered discussion about COVID-19 and how banks will deal with the aftershock resulting from the virus. First off, he shared a not-so-well-known fact - that there is still money available for small business owners that c...
With bank deposits surging at U.S. banks, they're not turning to the Fed to fund the government-backed loans they made to small businesses. More news on: Citigroup Inc., Bank of America Corporation, JPMorgan Chase & Co., Financial stocks news, News on ETFs, Read more ...
Quality is a relative term, the same way that beauty is in the eye of the beholder. In my All-Equities SRG portfolio, I usually look at the resilience of the business model to make a quality assessment. Recurring or predictable revenue streams, cycle-agnostic demand and industry dominance are ...
Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities. When the Dodd-Frank Act was passed in 2010, President Obama triumphantly declared, "No more bailouts!" But what the Act actually said was that the next time th...
The regional bank ETF ( KRE ) has been a structural short opportunity since 2018 as the sector continues to face mounting challenges in the form of persistently low interest rates, a flat yield curve, and weak consumer demand. Regional banks do not share the same secular uptrend seen in b...
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U.S. Bancorp (NYSE:USB) shares are trading lower after it reported first-quarter FY24 results. Revenue stood at $6.7 billion (-6.4% Y/Y),...
PNC Financial Services Group Inc (NYSE:PNC) shares are trading lower after it reported first-quarter FY24 results. The bank reported a re...
M&T Bank Corporation (NYSE:MTB) shares are trading higher after it reported first-quarter FY24 results. Revenue of $2.260 billion, sl...