Regional Banks Recovering at a Better Rate Than the "Big Banks"
Five Star Equities Provides Stock Research on Regions Financial Corp. and Synovus Financial Corp.
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 04/19/12 -- The Regional Banking Industry have been a hotbed for investors, as increased lending and better loan performance have led to renewed confidence in the Industry. The SPDR S&P Regional Banking ETF (KRE) has surged over fourteen percent year-to-date. Five Star Equities examines the outlook for companies in the Regional Banking Industry and provides equity research on Regions Financial Corporation (NYSE: RF) and Synovus Financial Corp. (NYSE: SNV).
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U.S. Bancorp and Comerica Inc. have posted earnings gains of more than 25 percent in the first-quarter. This has reinforced the opinion that regional banks have been recovering at a better rate than their larger peers. Keefe Bruyette & Woods noted recently that regional banks have been trading around or above book value, while the big banks trade at a discount to book.
"So many banks went belly up during the crisis that the regional and community banks that are left are in much stronger condition to pick up market share now that lending is picking up," said Scott Siefers, head of equity research at Sandler O'Neill.
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 and get exclusive access to our numerous stock reports and industry newsletters.
Regions Financial Corporation is scheduled to release its first quarter 2012 earnings on Tuesday, April 24, 2012. Executives from the company will review Regions' first quarter results via teleconference and live audio webcast beginning at 11 a.m. ET. The earnings release and additional materials will be available on the Investor Relations page prior to the teleconference.
Synovus is a financial services company with $27 billion in assets based in Columbus, Georgia. Synovus provides commercial and retail banking, investment, and mortgage services to customers in Georgia, Alabama, South Carolina, Florida, and Tennessee.
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Datum: 19.04.2012 - 12:20 Uhr
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