US3167731005 - Common Stock
Regional banks have steadily increased the interest rates they offer on deposit accounts to retain customers looking for greater returns by parking their money in higher-yielding alternatives. Cincinnati, Ohio-based Fifth Third's net interest income on a reported basis - the difference between what a bank earns on loans and pays on deposits - fell nearly 8.8% to $1.38 billion in the quarter. Fifth Third continues to expect its NII in 2024 to decline between 2% and 4%.
Fifth Third (FITB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
A group of US regional banks is ratcheting up lending to oil, gas and coal clients, grabbing market share as bigger European rivals back away.
US banks are finally building more branches after a decade of consolidation, looking for new ways to reach wealth management customers and expand without making risky acquisitions.
After a tumultuous year, banks are looking to be something investors and customers rarely see companies call themselves: boring.
One key metric to look for in a stock is an 80-plus Relative Strength Rating. KeyCorp stock clears that threshold, with a jump to 87 Tuesday.
NYCB jumps after announcing a $1 billion equity investment, new board including former Treasury Secretary Steven Mnuchin. Shares dove 40% in early trade amid financial concerns.
On Tuesday, Huntington Bancshares stock earned an upgrade to its Relative Strength (RS) Rating, from 63 to 71.