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Stock Market & Financial Investment News

News Breaks
April 1, 2014
08:55 EDTCUBI, CUBI, CUBI, CUBI, CUBICustomers Bancorp management to meet with FBR Capital
Meetings to be held in Chicago on April 1, in Canada on April 2 and in New York on April 3 hosted by FBR Capital.
News For CUBI From The Last 14 Days
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July 29, 2015
07:57 EDTCUBICustomers should recover after fraud found to be isolated, says Janney Capital
Janney Capital noted investors were "clearly concerned" about the potential for significant additional fraud losses at Customers Bancorp after it recorded a $6M loss provision related to a potential fraud as part of its Q2 results, but the firm thinks the company's subsequent announcement that it believes the event was isolated should help ease those concerns. Janney said it expects the shares to recover from their selloff and keeps a Buy rating and $32 fair value estimate on Customers' shares.
July 28, 2015
16:24 EDTCUBICustomers Bancorp's internal investigation concludes fraud was isolated event
Customers Bancorp, the parent company of Customers Bank, announced that its internal investigation has concluded that the previously reported fraudulent transaction that resulted in Customers taking a special $6M specific reserve in the Q2 was an isolated event. "Our Risk Management, Loss Prevention, Credit and Finance teams have been working continuously since Wednesday, July 22, when the potential fraud was detected by the Company," stated the company. "This type of thorough review was productive as it also identified two process and policy improvements that Customers Bank has already implemented that will minimize the chances of a similar fraud ever being committed in the future. We also looked at our collateral for this credit and believe the $6M specific reserve is adequate and was a prudent move by Customers," company continued.
July 23, 2015
10:34 EDTCUBICustomers Bancorp sees FY16 EPS $2.40-$2.60, consensus $2.16
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10:34 EDTCUBICustomers Bancorp sees FY15 EPS excl items to be over $2.00, consensus $1.99
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09:55 EDTCUBICustomers Bancorp trading halted, pending news
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05:13 EDTCUBICustomers Bancorp reports Q2 EPS 39c, consensus 50c
Reports Q2 tangible book value per share $17.28.

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