People's United downgraded at Raymond James As previously reported, Raymond James downgraded People's United to Market Perform from Outperform. The firm downgraded shares based on uncertainty regarding Fed tightening and recent declines in interest rates.
People's United reports Q3 EPS 21c, consensus 21c Provision for loan losses totaled $12.4M. Net loan charge-offs totaled $8.1M. The company reported book value per share of $15.52, and tangible book value per share of $8.49.