Regional Banks

Jefferies reiterated its Hold rating on Associated Banc-Corp (NASDAQ: ASBC). At the same time, the rating agency left its price target on the company's stock unchanged at $16. On Thursday, ASBC added 1.12% to its value to end the day at $13.58.

Jefferies has issued a report on the 2Q first look from MB Financial (NASDAQ: MBFI). According to the report, "MBFI reported 1Q11 GAAP EPS of -$0.18 vs. consensus of -$0.35. A lowerthan-expected provision ($61mm) drove the beat after the company had preannounced at least $50mm in provisions from a...

Jefferies is out with its report today on TCF Financial (NYSE: TCB), lowering its PT from $16 to $15. In a note to clients, Jefferies writes, "The quarter was somewhat weak principally due to a step back in fees and relatively weak loan growth. We take our '11 estimate up by a nickel (to $0.85) on...

J.P. Morgan has published a report on City National Corp (NYSE: CYN) raising the price target from $63.00 to $67.00 on the holding company. In the report, J.P. Morgan wrote, "CYN reported 2Q11EPS of $0.88 which reflected various noisy items related to FDICdeals, many of which management pointed...

JP Morgan has issued a first look at MB Financial's (NASDAQ: MBFI) 2Q11. According to the report, "MBFI reported 2Q11 results of ($0.18). Adjusting for largely offsetting one-time income and expense items, core EPS of ($0.16) was a narrower loss than our ($0.28) estimate and consensus of ($0.35)....

Pre-open movers US stock futures are higher this morning. The Eurozone leaders agreed on the form of the second Greek bailout. Futures on the Dow Jones Industrial Average surged 41 points to 12,731.00 and futures on the S&P 500 stock index rose 2.30 points to 1,344.80. Nasdaq 100 futures gained...

JP Morgan reiterated its Overweight rating on SVB Financial (NASDAQ: SIVB). At the same time, the rating agency raised its price target on the company‘s stock from $71 to $74. On Thursday, SIVB added 1.05% to its value to end the day at $61.62.

JP Morgan reiterated its Neutral rating on TCF Financial (NYSE: TCB). At the moment, the rating agency has a price target of $15 placed on the company's stock. On Thursday, TCB added 1.36% to its value to finish the day at $13.40.

J.P. Morgan is out with its report today on Fifth Third Bancorp (NASDAQ: FITB), maintaining Neutral. In a note to clients, J.P. Morgan writes, "FITB has said it is interested in acquisitions and using those to expand its franchise. If loan growth remains sluggish, we expect more M&A in the...

SunTrust Banks Inc (NYSE: STI) released its results for the second quarter on Friday. SunTrust reported its quarterly profit available to common shareholders at $174 million, or $0.33 per share, versus a loss of $56 million, or $0.11 per share, in the year-ago period. Its total revenue climbed 3...

Jefferies & Company has lowered the price target on TCF Financial Corporation (NYSE: TCB) from $16 to $15 and maintains its Hold rating.

Jefferies reiterated its Hold rating on City National (NYSE: CYN). At the same time, the rating agency reduced its price target on the company's stock from $62 to $59. On Thursday, CYN added 2.72% to its value to end the day at $55.14.

JP Morgan has raised the price target on SVB Financial (NASDAQ: SIVB) from $71 to $74 and maintains its Overweight rating.

ValuEngine upgraded its rating on BancorpSouth (NYSE: BXS) to Hold. On Thursday, BXS added 3.45% to its value to finish the day at $12.60.

JP Morgan has raised the price target on City National Corporation (NYSE: CYN) from $63 to $67 and maintains its Overweight rating.