SunTrust Banks and Huntington Bancshares Looking Strong Despite Fee Setback
The Paragon Report Provides Equity Research on SunTrust Banks & Huntington Bancshares
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/18/11 -- Amidst a firestorm of customer backlash, US banks of all sizes are backing off the new monthly fees. Banks began instituting monthly fees in response to last year's Dodd-Frank legislation that limited the amount of money banks could charge merchants for individual transactions. Banks skirted the legislation by charging a flat monthly fee to use debit cards in order to recoup some of the losses. The Paragon Report examines investing opportunities in the Regional Banking Sector and provides equity research on SunTrust Banks, Inc. (NYSE: STI) and Huntington Bancshares Inc. (NASDAQ: HBAN). Access to the full company reports can be found at:
Moving forward, the move to drop monthly debit card transaction fees will certainly help the public image of regional banks. However, regional banks can ill afford further revenue stream losses and need to find new ways to generate capital. Bill Hardekopf, CEO of LowCards.com, stated that "banks are still losing billions of dollars in revenue from the interchange fee regulations."
In addition to charging fees to use debit cards, many banks added or increased fees for checking accounts and raised amounts customers must have in those accounts to avoid such fees.
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.
It appears Regional Banks have finally put the worst of the recession behind them. For well over a year banks have posted improved credit quality and in the second half of 2011 have begun to report adequate loan growth.
While regional banking stocks have been exceptionally volatile of late, companies in the sector have posted strong earnings over the past several quarters thanks to improving credit which allows them to release loan loss provisions to earnings. The Federal Deposit Insurance Corporation (FDIC) explains that banks are posting stronger profits despite weak revenues due to stronger balance sheets and better capital positions.
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
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Datum: 18.11.2011 - 13:16 Uhr
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News-ID 89244
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