DBS Group Holdings Ltd, Southeast Asia's biggest lender, reported lower-than-expected second-quarter profit on Thursday, sending its shares to an almost one-month low and raising concerns for the outlook of regional banks.
Second-quarter earnings from the financial services sector started flowing in last week, but that was just the start of the sector's earnings avalanche.
Several of the largest U.S. money center banks and asset managers as well as a slew of their...
The bullish case for two regional banks, SunTrust Banks, Inc. (NYSE: STI) and M&T Bank Corporation (NYSE: MTB), can now be made after a pullback in both stocks, according to Bernstein.
Bernstein's John McDonald upgraded SunTrust...
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