Net Interest Margins of Regional Banks Falling as Stimulus Measures Introduced Push Yields Lower
The Paragon Report Provides Stock Research on Fifth Third and New York Community
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/29/12 -- Regional banks have lagged behind their larger counterparts in recent weeks as most have reported slowing demand for business loans. The SPDR KBW Regional Banking ETF (KRE) has fallen 4 percent in the last month, while the broader Financial Select Sector SPDR ETF (XLF) has remained flat. The Paragon Report examines investing opportunities in the Regional Banking Industry and provides equity research on Fifth Third Bancorp (NASDAQ: FITB) and New York Community Bancorp, Inc. (NYSE: NYB).
Access to the full company reports can be found at:
Analysts at Credit Suisse earlier this week stated that slowing demand for commercial and industrial loans are expected to reduce the outlook for regional banks over the next year. Additionally, efforts by the Federal Reserve to lower interest rates to help boost the economy have had a negative impact on banks' net interest margin, which are the profits they make from lending and investing. According to Keefe, Bruyette & Woods of all the banks tracked by the firm, 79 percent saw a decline in their net interest rate margin.
"Growing earnings will become more difficult over time unless interest rates move up," said Fred Cannon of Keefe, Bruyette & Woods.
Paragon Report 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.
Fifth Third Bancorp has $117 billion in assets and operates 15 affiliates with 1,322 full-service Banking Centers. Fifth Third reported net income available to common shareholders of $354 million, compared to $376 million in the second quarter of 2012 and $373 million in the third quarter of 2011. Net interest margin of 3.56 percent remained consistent with the previous quarter.
With assets of $44.1 billion at September 30, 2012, New York Community Bancorp, Inc. is the 21st largest bank holding company in the nation. For the third quarter of 2012 the company posted an income of $128.8 million, an increase of 7 percent over the year ago period. The bank's net interest margin for the quarter was 3.17 percent, a decrease of 13 basis points from the second quarter.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.10.2012 - 12:20 Uhr
Sprache: Deutsch
News-ID 197091
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Investment Services & Trading
Diese Pressemitteilung wurde bisher 233 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Net Interest Margins of Regional Banks Falling as Stimulus Measures Introduced Push Yields Lower"
steht unter der journalistisch-redaktionellen Verantwortung von
Paragon Financial Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
