Synovus Financial and U.S. Bancorp Shine While the Big Banks Continue to Struggle
The Paragon Report Provides Equity Research on Synovus Financial & US Bancorp
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/23/12 -- Regional Banks in the U.S. have performed strongly of late. According to a report from The Wall Street Journal regional banks benefitted from an improved lending climate in the fourth quarter as the national economy continues to gain strength. The Paragon Report examines investing opportunities in the Regional Banking Sector and provides equity research on Synovus Financial Corporation (NYSE: SNV) and US Bancorp (NYSE: USB). Access to the full company reports can be found at:
Second Curve Capital LLC's Thomas Brown explains that it is "much more easy" for smaller regional banks to control their business. Brown told Bloomberg that one of the key positives for banks in 2012, big and small, will be significant increases in common-stock dividends. The Federal Reserve explained that it will approve dividend increases and other capital distributions for banks that demonstrate sufficient financial strength to operate under stressed markets.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the regional banking sector register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Last week US Bancorp reported fourth-quarter 2011 earnings of 69 cents per share. Earnings for the fourth quarter of 2011 were driven by year-over-year growth in total net revenue and a lower provision for credit losses, the company said in its earnings release. During the fourth quarter U.S. Bancorp repurchased approximately 6 million shares of common stock under a 50 million share repurchase authorization announced on March 18, 2011.
U.S. Bancorp CEO Richard Davis said it was "accurate that banks beyond the big five have been invited into the conversations, and for that we believe we have something that we need to reserve for."
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Datum: 23.01.2012 - 13:20 Uhr
Sprache: Deutsch
News-ID 106599
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Commercial & Investment Banking
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