U.S. bank loans growth slowed in July, according to a U.S. Federal Reserve statement on Friday, ending a 10-month string of increases. Loans at Banks in the United States grew by 5.0 percent in July when compared with the same month last year to $7.1 trillion, down from the 5.3 percent growth in June 2012.
In other news, U.S. authorities told five of the nation’s largest banks, including BofA and Goldman Sachs Group, Inc. (NYSE:GS) to develop plans for preventing collapse if they faced severe troubles highlighting that the banks could not count on government help.
Huntington Bancshares Incorporated (NASDAQ:HBAN) has been named as the second best performing publicly traded banks in the nation by Bank Director Magazine in its recent annual Performance Scorecard issue. The stock surged 0.70% and closed at $6.45 with the total traded volume of 6.01 million shares. HBAN has market capitalization of 5.53 billion.
The last trading session observed a low of $6.37 and high of $6.46 during the day. HBAN was trading above the 50 day moving average and above the 200 day moving average. The stock’s 52 week low is $4.46 and 52 week high is $6.83. Performance gauges illustrate that the stock has lost -0.85% within the last quarter.
In the last trading session, State Street Corporation (NYSE:STT) was holding discussions with U.S. Bancorp (NYSE:USB) concerning a possible combination of their asset management businesses, but those talks fell through in June, two people close to the situation said as of late.The bank reported the gain of +0.10% and closed at $41.85 with the overall traded volume of 1.96 million shares more than the average volume of 3.75 million.
STT has outstanding shares of 478.82 million with the total market capitalization of 20.04 billion and its beta value stands at 1.42 times. Its debt-to-equity ratio was 1.04.
Regions Financial Corporation (NYSE:RF) moved up 0.43% and closed at $7.00 with the total traded volume of 9.17 million shares. RF has market capitalization of 9.89 billion.
The last trading session observed a low of $6.89 and high of $7.00 during the day. RF was trading above the 50 day moving average and above the 200 day moving average. The stock’s 52 week low is $2.82 and 52 week high is $7.17. Performance gauges illustrate that the stock has gained 5.26% within the last quarter.
Fifth Third Bancorp (NASDAQ:FITB) declined 0.21% with the closing price of $14.29. The overall volume in the last trading session was 5.91 million shares. Its fifty two week range was $14.16-$14.31. The total market capitalization remained $13.13 billion.
FITB is ahead its 52 week low with 60.63% and its last month price volatility remained 1.90%. Its beta coefficient was 2.13 with a target price of $15.86. Company’s current year earnings per share grew with 84.11% while the five year EPS growth rate was -11.53%. FITB has positive year-to-date performance of 13.68%.