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BB&T, SunTrust Announce Merger To Create Sixth-Largest US Bank
Thursday, February 7, 2019 - 10:38am | 411BB&T Corporation (NYSE: BBT) reached an agreement with SunTrust Banks, Inc. (NYSE: STI) that will see the two regional banks merge into one and become the sixth-largest U.S. bank. What Happened The merger of equals will result in a new bank entity that will have around $442 billion in assets, $...
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Wells Fargo's Valuation Discounts Regulatory Concerns, RBC Says In Upgrade
Wednesday, January 2, 2019 - 4:45pm | 465Wells Fargo & Co (NYSE: WFC) shares are trading at a level which fully discounts the bank's regulatory problems stemming from a cease-and-desist order from the Federal Reserve, according to RBC Capital Markets. The Fed's action in early 2018 forced the bank to improve its internal...
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The Top 11 Analysts On TipRanks And What They Cover
Thursday, May 18, 2017 - 7:50am | 1674Some investors put their financial livelihoods in the hands of analysts researching their relevant stocks. Upgrades and downgrades determine how they play their portfolios — when to sell, when to buy, when to hold. Some analysts have better foresight than others do, though, and their...
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How The Street Is Reacting To JPMorgan's Earnings
Tuesday, July 14, 2015 - 1:43pm | 437JPMorgan Chase & Co. (NYSE: JPM) on Tuesday reported its second quarter results which were stronger than expected. Here is how Wall Street is reacting to the print so far. RBC: Consumer And Community Banking Results ‘Strong' Gerard Cassidy of RBC Capital Markets commented in a...
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RBC Capital Markets Upgrades Bank Of New York Mellon Corporation (BK) To Outperform Rating
Wednesday, April 21, 2010 - 9:56am | 96Analysts Gerard Cassidy and Jake Civiello at RBC Capital Markets have upgraded Bank of New York Mellon Corporation (NYSE: BK) from Sector Perform to Outperform rating. The rating has been revised to reflect the bank’s well-positioned balance sheet. The bank reported its first-quarter results on...
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RBC Capital Markets Sees STI At $50
Thursday, March 11, 2010 - 7:57pm | 163Gerard Cassidy of RBC Capital Markets said on CNBC's Fast Money that he believes that SunTrust Banks, Inc. (NYSE: STI) would be a good takeover candidate. There are rumors on the street that an acquisition of a regional bank might happen and Gerard Cassidy believes that SunTrust Banks (STI) could...
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Analyst Upgrades PNC Financial Services Group Inc. (PNC)
Wednesday, February 3, 2010 - 12:28pm | 104The shares PNC Financial Services Group Inc. (NYSE: PNC) were upgraded from Sector Perform to Top Pick by RBC Capital Markets analyst Gerard Cassidy. Cassidy was impressed by PNC Financial Services Group's announcement that it planned to to repay $7billion that it received from the federal...
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Regional Banks to Outperform Broader Sector
Friday, January 22, 2010 - 1:50am | 130While the large banks are getting jittery in the face of proposed change in the legislation governing the banking sectors, Regional banks seem to be faring well. In an interview with CNBC, Gerard Cassidy of RBC Capital Markets said that the proposed changes are expected to have minimal impact on...