People’s United Lags Ests, Rev Down
Regional bank People’s United Financial Inc.’s (NASDAQ:PBCT) reported fourth-quarter 2011 operating earnings per share of 17 cents, missing the Zacks Consensus Estimate by 2 cents. Moreover, earnings compared unfavorably with 19 cents per share reported in the prior quarter, but up by 10 cents reported in the prior-year quarter. Quarterly results were impacted by lower [...]
Regional bank People’s United Financial Inc.’s (NASDAQ:PBCT) reported fourth-quarter 2011 operating earnings per share of 17 cents, missing the Zacks Consensus Estimate by 2 cents. Moreover, earnings compared unfavorably with 19 cents per share reported in the prior quarter, but up by 10 cents reported in the prior-year quarter.
Quarterly results were impacted by lower top line coupled with a downtrend in credit quality due to economic weakness. However, lower non-interest expenses reflected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards