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Stock Market & Financial Investment News

News Breaks
August 30, 2013
08:15 EDTPB, FMBCProsperity Bancshares acquisition positive, says FBR Capital
After Prosperity Bancshares (PB) agreed to merge with F&M Bancorporation (FMBC), FBR Capital notes that the deal will be accretive and says it occurred sooner than expected. The firm raised its price target on Prosperity to $60 from $55 and reiterates a Market Perform rating on the stock.
News For PB;FMBC From The Last 14 Days
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January 23, 2015
06:05 EDTPBProsperity Bancshares reports Q4 EPS $1.12, consensus $1.08
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January 22, 2015
15:32 EDTPBNotable companies reporting before tomorrow's open
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January 12, 2015
06:52 EDTPBAnalyst says oil price decline to hurt banks, NY Times reports
As a result of the decline in oil prices, banks in energy producing states will at least suffer a loan growth slowdown and may also see some defaults, Charles Peabody, a banking specialist at Portales Partners said, according to The New York Times. Banks that could be significantly affected by low oil prices include BOK Financial (BOKF) Cullen/Frost (CF), Zions Bancorporation (ZION) , Prosperity Bancshares (PB) 7%, and Comerica (CMA) 7%, BMO Capital stated last December 1. Reference Link

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