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Stock Market & Financial Investment News

News Breaks
June 9, 2014
07:23 EDTBKU, VLY, UBSH, PB, PACW, ONB, ISBC, IBKC, HBHC, EWBC, COLB, WALKeefe Bruyette to hold a conference
U.S. Regional Leaders Bank Conference to be held in London, England on June 9.
News For BKU;COLB;EWBC;HBHC;IBKC;ISBC;ONB;PACW;PB;UBSH;VLY;WAL From The Last 14 Days
Check below for free stories on BKU;COLB;EWBC;HBHC;IBKC;ISBC;ONB;PACW;PB;UBSH;VLY;WAL the last two weeks.
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July 22, 2014
07:19 EDTUBSHUnion First Market expects net interest margin to decline modestly
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07:18 EDTUBSHUnion Bankshares reports Q2 adjusted EPS 38c, consensus 39c
The provision for loan losses for the current quarter was $1.5M
07:04 EDTPACWPacWest Bancorp reports Q2 adjusted EPS 64c, consensus 62c
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July 21, 2014
16:17 EDTUBSHUnion First Market hires James G. Carter, III as CEO
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July 17, 2014
16:35 EDTWALWestern Alliance reports Q2 EPS 40c, consensus 37c
Reports Tier I Leverage Capital of 10.0% and Total Risk-Based Capital ratio of 12.4%, compared to 9.9% and 12.4%, respectively, at March 31 and 9.9% and 12.0%, respectively, at June 30, 2013. Reports total equity of $958M, up $63M from March 31 and up $159M from June 30, 2013. Reports tangible book value per share, net of tax, of $9.02, up from $8.32 at March 31 and up from $7.26 at June 30, 2013. Q2 provision for credit losses was $0.5M, compared to $3.5M for Q1 and 2Q13.
07:01 EDTEWBCEast West Bancorp reports total assets as of June 30 were $27.6B
06:31 EDTEWBCEast West Bancorp sees Q3 EPS 58c-60c, consensus 59c
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06:31 EDTEWBCEast West Bancorp raises FY14 EPS to $2.29-$2.33 from $2.24-$2.28
FY14 EPS consensus of $2.33. This EPS guidance for the remainder of 2014 is based on an adjusted net interest margin ranging from 3.35% to 3.40%1, total loan growth of approximately $400 million per quarter, provision for loan losses of approximately $5.0 million to $8.0 million per quarter, noninterest expense of approximately $120 million to $125 million per quarter, and an effective tax rate of 29%.
06:31 EDTEWBCEast West Bancorp reports Q2 EPS 58c, consensus 58c
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July 10, 2014
10:05 EDTISBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AuRico Gold (AUQ) downgraded to Hold from Buy at Canaccord... Cincinnati Bell (CBB) downgraded to Underperform from Neutral at BofA/Merrill... Eldorado Gold (EGO) downgraded to Hold from Buy at Canaccord... Fortuna Silver Mines (FSM) downgraded to Hold from Buy at Canaccord... Gerdau (GGB) downgraded to Neutral from Overweight at JPMorgan... Hi-Crush Partners (HCLP) downgraded to Neutral from Buy at Ladenburg... Ingredion (INGR) downgraded to Equal Weight from Overweight at Stephens... Investors Bancorp (ISBC) downgraded to Neutral from Buy at Guggenheim... Lumber Liquidators (LL) downgraded to Hold from Buy at Jefferies... Mid-America Apartment (MAA) downgraded to Underweight at Morgan Stanley... Northern Tier (NTI) downgraded to Neutral from Outperform at Macquarie... S&T Bancorp (STBA) downgraded to Neutral from Buy at Guggenheim... T. Rowe Price (TROW) downgraded to Equal-Weight from Overweight at Evercore... Tahoe Resources (TAHO) downgraded to Hold from Buy at Canaccord... Tractor Supply (TSCO) downgraded to Market Perform from Outperform at William Blair... UnitedHealth (UNH) downgraded to Hold from Buy at Jefferies... Waddell & Reed (WDR) downgraded to Neutral from Buy at Citigroup... Washington Trust Bancorp (WASH) downgraded to Neutral from Buy at Guggenheim.
08:39 EDTISBCInvestors Bancorp downgraded to Neutral from Buy at Guggenheim
Guggenheim downgraded Investors Bancorp citing valuation, low level of fee income, lower NIM, and high loan to deposit ratio. Price target lowered to $11.25 from $12.

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