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(WFC) Wells Fargo in $105 Million Settlement

Thu, 16 May 2013 16:33:08 -0400

Wells Fargo & Company (WFC) agreed to shell out a sum of $105 million to settle a lawsuit filed...

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PNC Financial Hits New 52-Week High – Analyst Blog

Wed, 15 May 2013 11:10:01 -0400

Shares of The PNC Financial Services Group, Inc. set a new 52-week high, touching $70.40 in the second half of the trading session on May 14.

Buy or Sell: Bank of America (BAC) – Real Time Insight

Tue, 14 May 2013 13:30:01 -0400

Do you think Bank of America can continue to move higher, or is this the top?

A New 52-Week High for State Street – Analyst Blog

Tue, 14 May 2013 09:40:01 -0400

Shares of State Street hit a new 52-week high, touching $61.82 in the first half of the trading session on May 13.

KeyCorp Pens Strategic Deals – Analyst Blog

Fri, 10 May 2013 11:30:01 -0400

In an effort to enhance its commercial mortgage servicing business, KeyBank Real Estate Capital - a Commercial Real Estate Business unit of KeyCorp - entered into a series of agreements.

(GS) The Goldman Sachs Group Wraps Up Global Atlantic

Sat, 04 May 2013 23:37:15 -0400

The Goldman Sachs Group, Inc. (GS) has completed the private offering of shares of Global Atlantic...

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Starbucks, Huntington Bancshares and Other Stocks Insiders Are Buying

Sat, 04 May 2013 10:25:23 -0400

Insiders may sell shares for any number of reasons, but conventional wisdom is that insiders really only buy shares of a company for one reason -- they believe the stock price will move higher and they want to profit from it.

Pullbacks and sell-offs provide a perfect opportunity for investors

Goldman Wraps Up Global Atlantic – Analyst Blog

Fri, 03 May 2013 18:13:01 -0400

Goldman has completed the private offering of shares of Global Atlantic Financial Group, formerly known as the Goldman Sachs Reinsurance Group.

Wells Fargo in $105M Settlement – Analyst Blog

Thu, 02 May 2013 18:10:01 -0400

Wells Fargo & Company (WFC) agreed to shell out a sum of $105 million to settle a lawsuit filed against it by Medical Capital Holdings Inc.

(COF) Capital One Financial Upgraded to Neutral

Wed, 01 May 2013 17:04:20 -0400

On Apr 25, 2013, we upgraded our recommendation on Capital One Financial Corp. (COF) to Neutral...

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Capital One Upgraded to Neutral – Analyst Blog

Tue, 30 Apr 2013 19:30:01 -0400

On Apr 25, 2013, we upgraded our recommendation on Capital One Financial Corp. to Neutral from Underperform.

Citi Boosts Shareholder Value – Analyst Blog

Mon, 29 Apr 2013 19:29:01 -0400

Citigroup, Inc.'s board of directors approved a $1.2 billion share buyback program in the first quarter of 2014.

Prosperity Beats on Earnings & Rev – Analyst Blog

Thu, 25 Apr 2013 11:50:01 -0400

Prosperity Bancshares Inc.'s first-quarter 2013 adjusted earnings of 86 cents per share marginally exceeded the Zacks Consensus Estimate of 84 cents.

Comerica Boosts Shareholder Value – Analyst Blog

Wed, 24 Apr 2013 18:20:01 -0400

Comerica Incorporated continues its efforts to boost shareholder value.

Wells Fargo Hikes Dividend – Analyst Blog

Wed, 24 Apr 2013 12:00:01 -0400

On Tuesday, Wells Fargo & Company enhanced its quarterly common stock dividend by 20% to 30 cents per share. The dividend will be paid on Jun 1, 2013 to shareholders of record as of May 10, 2013.

(PNC) The PNC Financial Services Group Beats First Quarter Estimates

Thu, 18 Apr 2013 17:43:55 -0400

The PNC Financial Services Group, Inc.’s (PNC) first-quarter 2013 earnings per share of $1.76...

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Beats & Misses from April 18 – Real Time Insight

Thu, 18 Apr 2013 15:41:01 -0400

Which companies beat expectations and which companies missed on Thursday? Find out here.

Fifth Third Bank’s Profit Declines; EPS Rises (FITB)

Thu, 18 Apr 2013 08:49:25 -0400

Financial services company, Fifth Third Bancorp (FITB) reported a drop in first quarter profits on Wednesday, but saw an increase in EPS. The Cincinnati, OH based company reported first quarter net income of $422 million, down from $430 million in the first quarter of last year. On a per share basis, the company reported 46 [...]

UPDATE: Fifth Third Q1 Profit Down 1.9%

Thu, 18 Apr 2013 08:13:23 -0400

Fifth Third Bancorp (NASDAQ: FITB) reported a 1.9% drop in its first-quarter earnings.

Fifth Third's quarterly profit fell to $422 million, from $430 million, in the year-ago period. Its per-share earnings climbed to $0.46 from $0.45 per share.

Its revenue dropped 2.2% to $1.64 billion. However, analysts were expecting

Google, IBM, Microsoft are Thursday’s big earnings

Thu, 18 Apr 2013 05:30:40 -0400

Google, International Business Machines., Microsoft, and Morgan Stanley are among the big names slated to report earnings on Thursday.

Northern Trust Hikes Dividend – Analyst Blog

Wed, 17 Apr 2013 13:55:01 -0400

Northern Trust Corporation announced 3.33% increase in its quarterly dividend rate from 30 cents earlier to 31 cents per share. The new dividend rate will be paid on July 1, 2013 to shareholders of record as on June 7, 2013.

BNY Mellon Hikes Dividend – Analyst Blog

Wed, 10 Apr 2013 11:00:01 -0400

Following the Fed's approval of its Capital Deployment Plan submitted under the 2013 stress test, BNY Mellon announced a 15% hike in its quarterly cash dividend on Apr 9, 2013.

PNC Financial Hikes Dividend – Analyst Blog

Fri, 05 Apr 2013 11:00:01 -0400

On Thursday, The PNC Financial Services Group Inc. enhanced its quarterly common stock dividend by 10% to 44 cents per share.

Washington Federal Hikes Dividend – Analyst Blog

Wed, 27 Mar 2013 13:30:01 -0400

On Mar 25, 2013, Washington Federal, Inc. announced a 12.5% hike in its quarterly cash dividend to 9 cents per share.

BNY Mellon Reaffirmed at Neutral – Analyst Blog

Mon, 25 Mar 2013 18:55:01 -0400

On Mar 21, 2013, we reiterated our long-term recommendation on The Bank of New York Mellon Corporation at neutral based on its continued improvement in asset quality and healthy capital ratios.

JPMorgan to Retain Dimon as CEO – Analyst Blog

Mon, 25 Mar 2013 11:30:01 -0400

As per a Bloomberg report, the board of directors at JPMorgan has shown its solidarity towards the current chairman and CEO Jamie Dimon to continue with his dual responsibility.

Fifth Third Hikes Dividend – Analyst Blog

Thu, 21 Mar 2013 18:20:01 -0400

According to its capital plan under the 2012 Comprehensive Capital Analysis & Review, Fifth Third increased its dividend by 10% to 11 cents.

SunTrust Remains Neutral – Analyst Blog

Wed, 20 Mar 2013 15:10:01 -0400

On Mar 18, 2013, we reiterated our long-term recommendation on SunTrust Banks, Inc. at Neutral.

Dividend Payout Changes for Mar.19

Tue, 19 Mar 2013 17:52:19 -0400

The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Fifth Third Bancorp (FITB) has raised its annual dividend payout from $.40 to $.44. The new dividend yield, based on today’s closing stock price of $16.51, is 2.67%. FITB is not a “Recommended” stock at this time, holding a Dividend.com [...]

Wells Fargo CEO Gets Pay Hike – Analyst Blog

Mon, 18 Mar 2013 18:27:01 -0400

Recently, Wells Fargo joined U.S. mega banks like Bank of America and Fifth Third in announcing a pay hike for its chief executive officer.

Fed Gives Fifth Third Bank the OK to Boost Dividend, Buyback Securities (FITB)

Fri, 15 Mar 2013 08:39:34 -0400

After passing the Federal Reserve’s stress test, the Cincinnati-based financial services firm Fifth Third Bancorp (FITB) is now allowed to carry out its capital distribution plans. Following the release of the Federal Reserve’s final stress test results, Fifth Third issued a press release saying it plans to increase its dividend payout. However, the firm did [...]

UPDATE: Fifth Third Announces 2013 CCAR Capital Plan, To Buyback $984M in Common Shares, may Boost Dividend

Thu, 14 Mar 2013 16:59:05 -0400

Fifth Third Bancorp (NASDAQ: FITB) announced today that the Board of Governors of the Federal Reserve System (“the Federal Reserve”) did not object to the proposed potential capital actions from April 1, 2013 through March 31, 2014 (the “CCAR period”) included in Fifth Third's capital plan submitted in

BB&T, Ally fail Fed stress tests

Thu, 14 Mar 2013 16:38:12 -0400

BB&T Corp. and Ally Financial failed the final Federal Reserve stress test while J.P. Morgan Chase and Goldman Sachs must resubmit their dividend plans because of “weaknesses” in their capital plans.

Neutral on Northern Trust – Analyst Blog

Thu, 14 Mar 2013 11:50:01 -0400

On Mar 11, 2013, we reiterated our long-term recommendation on Northern Trust Corporation at Neutral based on its well-managed global franchise, strong capital base and expense reduction initiatives.

Balanced View on Fifth Third – Analyst Blog

Wed, 13 Mar 2013 15:10:01 -0400

On Mar 8, we reiterated our Neutral recommendation on Fifth Third based on its rising revenues and healthy capital position.

Balanced View on PNC Financial – Analyst Blog

Mon, 11 Mar 2013 18:27:01 -0400

On Mar 6, 2013, we reiterated our long-term recommendation on PNC Financial Services Group Inc. at Neutral based on its diverse revenue mix, balance sheet strengthening efforts, strategic acquisitions and solid capital levels.

Fifth Third CEO Gets Pay Hike – Analyst Blog

Mon, 11 Mar 2013 11:00:01 -0400

Fifth Third Bancorp's Chief Executive Officer, Kevin Kabat, received a 25% pay hike in his total compensation package. His annual salary had been increased to $8.9 million in 2012 from $7.1 million, according to a Securities and Exchange Commission filing last week.

Neutral on U.S. Bancorp – Analyst Blog

Fri, 08 Mar 2013 14:00:01 -0500

On Mar 6, 2013, we reiterated our long-term recommendation on U.S. Bancorp at Neutral based on its attractive core franchisee, diverse revenue stream and strong performance over the past years.

Capital One Lowered to Underperform – Analyst Blog

Fri, 08 Mar 2013 10:20:01 -0500

On Mar 6, 2013, we downgraded Capital One to Underperform based on the company's lower-than-expected fourth quarter 2012 results and elevated operating expenses.

TD Ameritrade Remains Neutral – Analyst Blog

Thu, 07 Mar 2013 17:00:01 -0500

On Mar 6, 2013, we reiterated our long-term recommendation on TD Ameritrade at Neutral.

Ally only bank below Fed standard in stress test

Thu, 07 Mar 2013 16:51:16 -0500

The first part of a long-awaited two-stage stress test for big banks is in and all but one stayed above minimum financial ratios set out in the test.

Balanced View on Wells Fargo – Analyst Blog

Thu, 07 Mar 2013 10:50:01 -0500

On Mar 6, 2013, we reiterated our long-term recommendation on Wells Fargo & Company at Neutral based on its diverse geographic and business mix. Moreover, the company's strategic acquisitions and solid capital position are expected to improve profitability going forward.

JPMorgan Remains Neutral – Analyst Blog

Wed, 06 Mar 2013 18:25:01 -0500

On Mar 4, 2013, we reiterated our long-term recommendation on JPMorgan at Neutral. This reflects the company's strong fourth-quarter results, which significantly surpassed the Zacks Consensus Estimate.

Citi Sets Financial Goals for 2015 – Analyst Blog

Wed, 06 Mar 2013 10:10:01 -0500

On Tuesday, at an investor conference in Boston, Mike Corbat, the new chief executive officer (CEO) of Citigroup Inc. (C), came up with financial targets for the company, set to be achieved by 2015.

(BAC) Bank of America Launches BankAmericard Better Balance Rewards Card

Tue, 05 Mar 2013 16:16:46 -0500

Bank of America Corporation (BAC) launched a new credit card – BankAmericard Better Balance Rewards...

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BofA Launches New Credit Card – Analyst Blog

Tue, 05 Mar 2013 13:45:01 -0500

Bank of America launched a new credit card -- BankAmericard Better Balance Rewards card.

How to play the bank stress tests

Tue, 05 Mar 2013 06:00:09 -0500

Dividend income focused investors with an interest in big bank stocks will need to pay careful attention over the next couple of weeks as the results of stress tests on the largest 18 financial institutions, and their share buyback plans, are released.

Fifth Third Completes Buyback – Analyst Blog

Fri, 01 Mar 2013 17:50:01 -0500

Fifth Third has concluded the repurchase of $100 million shares and is on the verge of completing the sale of $1.3 billion worth of bank notes.

State Street Integrates MSREI – Analyst Blog

Thu, 28 Feb 2013 14:00:01 -0500

State Street Corporation announced the integration of Morgan Stanley Real Estate Investing's fund servicing business

S&P Downgrades Sallie Mae – Analyst Blog

Tue, 19 Feb 2013 16:55:01 -0500

S&P Ratings Services downgraded its outlook on SLM Corporation from Stable to Negative.