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Top related persons:
Wells - 1 Mike Mayo - 1 Mayo - 1 Terry McEvoy - 1 Huntington Bancshares - 1 NII . Huntington Bancshares - 1 Jaiveer Singh - 1 Shilpi Majumdar - 1
Top related locs:
NII . Bengaluru
Top related orgs:
Regions - 1 Regions Financial - 1 Stephens - 1 Comerica - 1 Third Bancorp - 1 Thomson - 1

Search resuls for: "Terry McEvoy"


2 mentions found


☆ US banks' shares slump after downbeat interest income forecasts
  + stars: | 2023-10-20 | by ( Jaiveer Shekhawat Niket Nishant | Jaiveer Shekhawat | Niket Nishant | ) www.reuters.com   time to read: +2 min
Oct 20 (Reuters) - Shares of mid-sized U.S. banks fell on Friday after a string of earnings reports heightened investor concerns that the boost to lenders from the Federal Reserve's interest rate hikes was tapering off. Regions Financial (RF.N) dropped to the lowest level since March, when an industry crisis began following an outflow of deposits that engulfed three banks. The lender, shares of which were last down 11% at $14.71, said it expects net interest income (NII) in the fourth quarter to decline about 5% from current levels. Huntington Bancshares' (HBAN.O) stock dipped 1.3%, while Comerica (CMA.N) dropped 6.6%, dragging down the S&P 500 Banks index (.SPXBK) by 2.1%. Huntington Bancshares posted an 8% drop in third-quarter profit as interest income declined.
Persons: Wells, Mike Mayo, Mayo, Terry McEvoy, Huntington Bancshares, NII . Huntington Bancshares, Jaiveer Singh, Shilpi Majumdar Organizations: Regions, Regions Financial, Reuters, Stephens, Comerica, Third Bancorp, Thomson Locations: NII ., Bengaluru
☆ US regional banks fall as FRC failure shakes faith in banking sector recovery
  + stars: | 2023-05-02 | by ( ) www.reuters.com   time to read: +1 min
May 2 (Reuters) - Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank (FRC.N), the largest U.S. bank failure since the 2008 financial crisis. The sell-off pushed the KBW Regional Banking Index (.KRX) 5.2% down to its lowest since November 2020. JPMorgan Chase & Co (JPM.N) on Monday bought a majority of First Republic Bank's assets. "First Republic bank failure means unfortunately that the other 'so called' troubled regional banks should probably continue to sleep with one eye open." Reporting by Jaiveer Singh Shekhawat, Niket Nishant and Medha Singh in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
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