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Stock Market & Financial Investment News

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July 24, 2013
07:35 EDTBKUBankUnited reports Q2 EPS 52c, consensus 43c
Net interest margin, calculated on a tax-equivalent basis, was 6.14% for the quarter. Book value and tangible book value per common share were $18.43 and $17.74, respectively, at June 30. The company and its banking subsidiary exceed all regulatory guidelines required to be considered well capitalized.
News For BKU From The Last 14 Days
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July 1, 2015
10:00 EDTBKUOn The Fly: Analyst Upgrade Summary
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06:22 EDTBKUValley National upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded Valley National (VLY) to Neutral saying interest rates being "low for long" could drive bank stocks above fair value at least over the short-term. The firm raised its price target for Valley to $11 from $9.50. JPMorgan also upgraded BankUnited (BKU) this morning to Overweight. Its top picks in the U.S. Mid- and Small-Cap Banks space are SVB Financial (SIVB), KeyCorp (KEY) and First Republic (FRC).
06:19 EDTBKUBankUnited upgraded to Overweight from Neutral at JPMorgan
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