Forty-five of 86 listed regional banks have revised upward their respective group net earnings projections for the April-September first half of fiscal 2009, according to…
More than half of regional banks missed third-quarter profit forecasts as the recession and tight credit conditions continued to weigh on these lenders, according to an earnings wrap.
JPMorgan Chase, Goldman Sachs and other Wall Street megabanks may be showing signs of recovery lately, but things are hardly looking up for regional banks.
Shares of U.S. regional banking stocks fell Monday after some analysts' downgrades and the declines weighed on broader financial sector performance. dick Bove at Rochdale Securities suggested clients sell shares of Fifth Third Bancorp. and...