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Bank Failures Pass 100 For The Year

Mon, 26 Oct 2009 13:20:17 GMT

Regulators shut down 7 more banks in FL, WI, GA, MN and IL; total failed banks in '09 reach 106 Though there are some early signs of economic recovery, bank failures continue and the pace has picked up sharply this year. With the failure of 7 more banks on Friday, the tally has surpassed 100 this year. This takes the total number to 106, compared to 25 in 2008 and 3 in 2007.[More...]

Option Trader Cashes In On Fifth Third Bancorp (FITB)

Wed, 21 Oct 2009 17:11:17 GMT

Today's tickers: FITB, VALE, SLM, EXPE, SNDK, SLM & YHOO[More...]

FITB: The Sell-Side Self-Delusion Over Ratings

Mon, 05 Oct 2009 17:53:44 GMT

For the financials, this isn't a normal environment. Wall Street analysts should quit pretending that it is.[More...]

94 Bank Failures So Far In `09

Tue, 22 Sep 2009 13:20:58 GMT

Regulators shut down 2 more banks in Kentucky and Indiana; tally hits 94 this year U.S. regulators on Friday shuttered two more banks in Kentucky and Indiana as the recession continues to weigh heavily on banks. Both of the failed banks were run by Columbus, Indiana-based Irwin Financial Corporation. This takes the total number of failed federally insured banks this year to 94, compared to 25 in 2008 and 3 in 2007.[More...]

5 More Banks Fail - 89 In '09 To Date

Tue, 08 Sep 2009 14:01:14 GMT

Three more banks and two thrifts in U.S. fail, tally reaches 89 this year The recession continues to weigh heavily on banks as U.S. regulators on Friday shuttered five more institutions in Missouri, Illinois, Iowa and Arizona. This takes the total number of failed federally insured banks this year to 89, compared to 25 in 2008 and 3 in 2007.[More...]

Six Things I learned From The Financial Crisis

Wed, 02 Sep 2009 13:22:00 GMT

I started blogging about dividend growth stocks in January 2008; right around the time the market started its slide. Fast forward 18 months and we have seen it all: from companies which were once deemed too big to fail and which were later acquired for pennies on the dollar to the blowups of several prominent pyramid schemes and hedge funds. Back in early 2008 most investors were not fully aware of the dangers that the real estate implosion would have on the overall economy. Some aggressive investors lost much more than S&P 500 in 2008 due to their heavy concentration in certain sectors built at the highs of the market, use of excessive leverage and chasing “broken companies” which offered suspiciously high yields, which proved unsustainable.[More...]

Bank Failures Continue

Mon, 31 Aug 2009 14:09:00 GMT

Three more U.S. banks failed; tally reaches 84 this year Bank failures continue unabated as U.S. regulators on Friday closed down three more banks in California, Maryland and Minnesota. This takes the total number of failed federally insured banks this year to 84, compared to 25 in 2008 and 3 in 2007. The failed banks were Ventura, California-based Affinity Bank, with about $1 billion in assets and $922 million in deposits; Baltimore-based Bradford Bank, with $452 million in assets and $383 million in deposits; and Forest Lake, Minnesota-based Mainstreet Bank, with $459 million in assets and $434 million in deposits.[More...]

Bank Shutdowns Continue

Mon, 10 Aug 2009 18:06:41 GMT

Three more banks were shuttered by U.S. regulators on Friday. This brings the total number of failed federally insured banks during this year to 72, compared to 25 in 2008 and 3 in 2007. ? In the first quarter of 2009, the number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions jumped to 305. This is the maximum number since the savings and loan crisis in 1994. ? Out of the 3 banks, 2 were Florida based and the other one was Oregon based. The FDIC has appointed receivers of the banks. According to the FDIC, the cost to the deposit insurance fund from the failure of the three banks will be around $185 million.? ? The First State Bank, of Sarasota, Fla. and the Community National Bank of Sarasota County of Venice, Fla. were sold to Stearns Bank of St. Cloud, Minnesota. The Community First Bank of Prineville, Oregon was sold to Home Federal Bancorp of[More...]

Banking Turnarounds: Rebound In Regionals?

Wed, 05 Aug 2009 16:03:12 GMT

Even among the broad-based market carnage of the past year, regional banks with heavy real estate exposure have been notably poor performers," notes turnaround expert George Putnam. In The Turnaround Letter, he explains, "While investors are still wary of this group, there are cases where the market has overreacted and the stocks will eventually rebound dramatically." Here, he looks at four favorite regionals. "Many regional banking stocks are now trading at a small fraction of their[More...]

Bank Stock Outlook: Will First-Half Gains Give Way To Second-Half Pain?

Wed, 29 Jul 2009 15:19:41 GMT

(Editor's Note: After more than a year of chaos and controversy, some of the leading U.S. banks saw their stock prices soar during the second quarter. As part of its mid-year forecast series, Money... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Dow Up 132 As Financial, Consumer Stocks Gain

Fri, 23 Oct 2009 15:49:00 GMT

NEW YORK -- Investors encouraged by a good batch of earnings reports and forecasts jumped back into stocks after a two-day slide.
The market extended its advance in afternoon trading when Wal- Mart Stores Inc. said it expects sales to grow this year and increase at a faster pace next year.
The Dow Jones industrial average jumped 132 points and logged the biggest gain of major indexes after Wal-Mart's forecast and as several companies included in the indicator reported earnings that beat expectations.

: iStockAnalyst.com Symbols Feed

Bank Failures Pass 100 For The Year

Option Trader Cashes In On Fifth Third Bancorp (FITB)

FITB: The Sell-Side Self-Delusion Over Ratings

94 Bank Failures So Far In `09

5 More Banks Fail - 89 In '09 To Date

Six Things I learned From The Financial Crisis

Bank Failures Continue

Bank Shutdowns Continue

Banking Turnarounds: Rebound In Regionals?

Bank Stock Outlook: Will First-Half Gains Give Way To Second-Half Pain?

Dow Up 132 As Financial, Consumer Stocks Gain

Banks to Give Relief on Fees

AP IMPACT: Banks added 10,000 branches in boom

Deposit Insurance Increases Costing Local Banks

Expert: Credit cards are sneaking in fees

Bank Looks to Hire 50 As It Expands Sales Force: Fifth Third Also Wants Managers for New Branches. Candidates for the Charlotte Jobs Can Attend Open House.

Bad Loans Hold Bank on Ropes in Quarter

Ford, Safeway, EMC, Fifth Third are big movers

Fifth Third posts 2Q profit on unit sale gain

Fifth Third posts 2Q profit on unit sale gain

PicksThatMove.Com Announces Investment Opinion on DRYS, CERP, NRK, RF and DML

Fifth Third Processing Solutions Recognized for Operational Excellence by MasterCard Worldwide

StockPreacher.Com Issues Trading Outlook for Huntington Bancshares Inc.

Director Barrett Resigns From Fifth Third Bancorp Board

Fifth Third Bancorp Reports Second Quarter Earnings

US Financial 15 Split Corp.-Portfolio Update

Fifth Third Bancorp and Advent International Announce Closing of Processing Joint Venture Transaction

Fifth Third Bancorp to Announce Second Quarter 2009 Results, Host Conference Call on Thursday, July 23, 2009 at 9:00 AM

/C O R R E C T I O N -- Fifth Third Bancorp/

Fifth Third Announces Results of its Tender Offer

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