Regional Banks

It's time to get ready for SunTrust Banks (NYSE: STI) earnings! Don't be caught off-guard: The company releases its next round of earnings this Friday, July 22, 2011. Need to brush up a bit ahead of Friday's announcement? We've got just the thing. Here's your essential guide to SunTrust Banks'...

Melco Crown Entertainment Limited (NASDAQ: MPEL) shares rose 3.47% to create a new 52-week high of $14.89. MPEL's PEG ratio is 0.92. Kona Grill Inc (NASDAQ: KONA) shares gained 3.73% to create a new 52-week high of $7.23. KONA is scheduled to report its Q2 earnings on July 26. Immersion...

InterDigital Inc (NASDAQ: IDCC) shares gained 25.22% to $51.98 at 9:50 am. IDCC's Board of Directors started a process to explore and evaluate potential strategic alternatives for the company. Kandi Technolgies Corp (NASDAQ: KNDI) climbed 20.71% to $2.39. KNDI's board of directors authorized a $5...

Bank of America has published a research report on KeyCorp (NYSE: KEY) maintaining their current evaluation. In the report, Bank of America wrote, "KEY reported EPS of $0.26, handily beating our $0.19 estimate. The lion's share of the beat came from a ($8mn) provision versus our +$40mn estimate...

Goldman sachs has issued a report on the EPS reported by KeyCorp (NYSE: KEY). According to the report, "Keycorp reported EPS from continuing operations of $0.26, compared to our estimate and the Street consensus of $0.20. We did not note any material one-time items. Relative to our estimate, a...

Sterne Agee has issued a report adjusting the estimates for Arrow Financial Corporation (NASDAQ: AROW). According to the report, "While we remain positive on the fundamental trends at the institution with the stock trading at 13.3x our revised 2012 estimate and 196% of tangible book value (TBV),...

Evercore is out with its report today on Zions Bancorporation (NASDAQ: ZION), maintaining Overweight. In a note to clients, Evercore writes, "We are raising our 2011 EPS est to $0.61 from $0.40, and 2012 to $1.80 from $1.78 to reflect 2Q11 upside, lower LLP, and slightly higher NII; establishing...

Harley-Davidson Inc (NYSE: HOG) reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. HOG's quarterly profit increased to $190.6 million, or $0.81 per share, from $71.2 million, or $0.30 per share, in the year-ago quarter. Its revenue...

J.P. Morgan has published a report on Zions Bancorporation (NASDAQ: ZION). According to J.P. Morgan, "ZION reported EPS of $0.16, which was well ahead of our estimate of a $0.02 loss and consensus of a penny loss. Results included a token provision expense of $1.3 million, which contributed about...

Rodman & Renshaw reiterated its Market Outperform rating on Zions Bancorp (NASDAQ: ZION). At the same time, the rating agency left its price target on the company's stock unchanged at $29. On Monday, ZION lost 1.64% of its value to end the day at $22.79. Its shares recovered most of yesterday's...

According to Keefe, Bruyette & Woods, Zions Bancorporation (NASDAQ: ZION) Outperform rating is reiterated. Keefe, Bruyette & Woods said that headline beat was due almost entirely to underprovisioning as asset quality trends continue to improve meaningfully. “Outside of credit, loan growth...

According to Keefe, Bruyette & Woods, PacWest Bancorp (NASDAQ: PACW) beat the Street by $0.08, largely driven by net FDIC income & lower provision. Keefe, Bruyette & Woods said that it is raising its '11 EPS estimate to incorporate the beat. “We have reassessed our loan growth &...

Pre-open movers US stock futures are higher this morning, as investors are awaiting quarterly earnings from major companies. Futures on the Dow Jones Industrial Average surged 68 points to 12,396.00 and futures on the S&P 500 stock index rose 8.30 points to 1,308.70. Nasdaq 100 futures gained...

KeyCorp (NYSE: KEY) released its results for the second quarter on Tuesday. KeyCorp's quarterly net income surged to $240 million, or $0.25 per share, from $70 million, or $0.03 per share, in the year-earlier period. Its revenue dropped 8.2% y/y to $1.02 billion, from $1.12 billion. Its net...

Wunderlich Securities reiterated its Buy rating on PacWest Bancorp (NASDAQ: PACW). At the same time, the rating agency left its price target on the company's stock unchanged at $26. On Monday, PACW added 1.18% to its value to end the day at $19.75.