Drazen Zigic Main Thesis & Background The purpose of this article is to evaluate the SPDR S&P Regional Banking ETF (NYSEARCA:KRE) as an investment option at its current market price. This is a fund with an objective to “provide investment results that, before fees and expenses, correspond generally to the total return performance of the…
PM Images Today we continue our Q1 regional bank coverage with Huntington Bancshares Incorporated (NASDAQ:HBAN). We continue to monitor the space closely. There remain macro concerns and pressure on net interest margins, while bank asset quality so far in the banks we follow has been mixed. The largest concern is a higher for longer rate…
EschCollection/DigitalVision via Getty Images This is a key season for regional bank earnings. Concerns over higher for longer interest rates, consumer credit debt, delinquencies, 7% plus mortgage rates, and a brewing issue with commercial real estate exposure have combined to generate a lot of anxiety. Of course, not all banks cater to the same type…
bluejayphoto Banc of California (NYSE:BANC) makes an attractive valuable position for bank investors as shares provide an attractive 3% dividend yield and the regional lender keeps selling for an attractive discount to its long term average P/B ratio. Banc of California owns a well-performing core loan portfolio with a very strong asset quality profile and…
yorkfoto LCNB Corp (NASDAQ:LCNB) is a bank holding company whose primary asset is LCNB National Bank in southern and central Ohio. For the last few years, the share price has seen a lot of up and down swings, as the market seems unsure of how to value it. LCNB Price History (Seeking Alpha) Currently, LCNB’s…
Yuichiro Chino/Moment via Getty Images A new round of regional banking woes erupted in late January when New York Community Bancorp (NYCB) reported a Q423 loss of over $250 million and cut its dividend, partly attributed to writing off bad commercial real estate (CRE) loans. Banks with high CRE/Tier 1 capital ratios (over 300%) are…
sommart Anyone who thinks that the regional banking crisis is over has not been paying attention to the dismal recent earnings reports of New York Community Bank (NYCB), a US $100 billion regional bank, Aozora (OTCPK:AOZOY), a Japanese bank with significant US commercial real estate loan exposure, and Julius Baer (OTCPK:JBAXY), a Swiss bank. All…
xavierarnau Listen below or on the go on Apple Podcasts and Spotify Loan-loss-provision and commercial-loan-loss jitters are hammering stocks. (0:15) Altria announces new stock buyback. (3:35) A winning January bodes well for the S&P in 2024. (5:25) The following is an abridged podcast: Our top story so far Pressure on regional banks continues today on…
malerapaso/iStock via Getty Images Introduction On October 9, 2023, I started covering PNC Financial Services Group (NYSE:PNC) again for the first time since 2019, which now feels like ages ago. Back in October, I used a very similar title, which was “PNC Financial: One Of The Best Regional Banks Money Can Buy.” Here’s a part…
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. German rightwing populists have suffered a surprise defeat in a widely watched regional election that has followed a fortnight of nationwide protests. The Alternative for Germany (AfD) party lost a district election in the state…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Three west African states ruled by military juntas said they were leaving a key regional economic bloc in response to sanctions and pressure to hold democratic elections, in a sign of rising tensions in the…
SrdjanPav/E+ via Getty Images Main Thesis & Background The purpose of this article is to evaluate the SPDR S&P Regional Banking ETF (NYSEARCA:KRE) as an investment option at its current market price. This is a fund with an objective to “provide investment results that, before fees and expenses, correspond generally to the total return performance…
sshepard Investment Thesis First Guaranty Bancshares, Inc. (NASDAQ:FGBI) is a U.S. regional bank based in Louisiana. The bank has been in operation since 1934 and has weathered multiple economic recessions and tricky macroeconomic environments. While at first glance the bank’s profitability has suffered significantly in recent years, I do not believe any tangible damage has…
sommart ETF Snapshot and Recent Performance Investors looking for targeted access to US regional banks may consider looking at the iShares US Regional Banks ETF (NYSEARCA:IAT). IAT tracks the Dow Jones U.S. Select Regional Banks Index, which in turn is a subset of Dow Jones U.S. Bank Index. Banks that make up the former are…
Dilok Klaisataporn Co-authored with “Hidden Opportunities” The failure of five banking institutions in the U.S. in 2023 rattled investors, and prominent regional bank stocks have sold off. Investors remain nervous about this market segment due to considerable doubts about these companies’ stability and risk posture. The SPDR S&P Bank ETF (KBE) and the SPDR S&P…
champpixs Introduction One of the slight improvements that occurred in the last report from Regional Management Corp. (NYSE:RM) was the delinquency rate starting to decline somewhat to 6.9%. This is still quite high in my opinion and investors should be worried about the company acutely losing a significant amount of earnings potential from this. I…
Althom Research Brief In today’s analysis, I will be covering Huntington Banchares (NASDAQ:HBAN), which is in the banking sector, and regional banks subsector. It is the parent behind the Huntington National Bank brand. The company had its most recent quarterly earnings result on July 21st, and that will be the reference data used in some…
Dilok Klaisataporn/iStock via Getty Images Regional bank stocks in the ETF (KRE) have risen by nearly 30% on average since their May lows but are still down around 17% YTD. Accordingly, there is a significant divide amongst investors regarding the discount value potential of regional banks. One notable example is Fifth Third Bancorp (NASDAQ:FITB), which…