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Stock Market & Financial Investment News

News Breaks
January 31, 2013
17:10 EDTQCRH, FITBQCR Holdings sells credit card division to Fifth Third Bancorp
Quad City Bank & Trust (QCRH) announced the sale of its credit card portfolio and servicing to Fifth Third Bank (FITB). Terms not disclosed.
News For QCRH;FITB From The Last 14 Days
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February 8, 2016
07:26 EDTFITBThe FDIC and Federal Reserve Bank of San Francisco to hold a conference
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February 2, 2016
16:06 EDTQCRHQCR Holdings to focus on growing loans and leases to over 70% of total assets
QCR Holdings says it continues to focus on the following initiatives in an effort to continue to improve profitability and drive increased shareholder value: grow loans and leases to more than 70% of total assets; continue to reduce wholesale funding to less than 15% of assets; grow gains on the sale of USDA and SBA loans, and fee income on swaps, to a more significant and consistent component of core revenue; grow wealth management net income by 15% annually; eliminate identified noninterest expenses and manage annual expense growth; return asset quality metrics to better than peer levels; and participate as an acquirer in the consolidation taking place in our markets to further boost ROAA, improve efficiency ratio, and increase EPS.
16:04 EDTQCRHQCR Holdings reports Q4 non-GAAP EPS 53c, consensus 51c
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January 29, 2016
07:31 EDTFITBBank, financial stocks look cheap, says Oppenheimer
After an index of bank stocks fell 19% since last summer, versus an 8% decline for the S&P, Oppenheimer says that "the group looks cheap." The firm says that banks' balance sheets will remain strong whether the economy is resilient or enters a downturn. The firm says that the banks' Q4 results were stable, and it expects the group to benefit from steady loan growth and slightly rising NIMs in 2016. Oppenheimer continues to recommend Bank of America (BAC), Citi (C), Goldman Sachs (GS), Discover (DFS), and Fifth Third (FITB)

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