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Regional Banks Outperforms Their Strong Rivals With Several Better-Than-Expected Corporate Earnings – (FITB, HBAN, USB)
After scoring impressive gains in the start of the year, the financial sector has shown a noteworthy drop in the second quarter. The Financial Select Sector SPDR ETF (XLF) has lost more than 7 percent in the last three months, but is still maintaining a year-to-date performance of about 9 percent. Regional banks have performed…
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Credit Suisse Group (NYSE:CS) Plans To Raise $509 Million This Year By Selling Real Estate – (USB, JPM, C)
Switzerland’s second-biggest bank Credit Suisse Group (NYSE:CS) has recently unveiled a plan to add nearly 500 million francs or $509 million in 2012 by selling real estate, a step towards raising capital by 15.3 billion francs. Credit Suisse provided a statement today revealing that the lender is involved in talks to sell two major properties…
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U.S. Bancorp (NYSE:USB) Maintains Position Among Market Leaders And Moody’s Releases A Weekly Credit Outlook Report
U.S. Bancorp (NYSE:USB) has maintained its place as one one of the country’s market leaders over the weekend and for another time started the new week with some of the lowest home purchase and refinance mortgage rates to be found in the industry. The debates are continuing, whether the last part of lowest levels on…