Regional Banks

Cusick's Corner Let's take a look at a major sector -- most notably beaten up is Energy, Crude down $-2.19, and the Energy ETF XLE has broken support. This break is a potential signal that the part of the market that has been outperforming is now under pressure since the Saudis came in and upped...

Cusick's Corner Lately I have had a new mantra, "Be an Optimist." However, there is not much on the financial landscape that makes me feel that way, nothing. But I remind myself that emotion is the very thing trading is all about. There are strategies that play to this very mood, .i.e. bearish...

The Financial Sector is one of the strongest areas of the market in today's trading session, currently 0.46% higher on the day. The best performing stocks in the S&P 500 Financial Sector currently are: 1) Citigroup (NYSE: C): Shares of Citigroup are currently trading up 1.9% from Friday's...

Shares of First Horizon National Corporation (NYSE: FHN) are higher on the session by 3.02%, currently trading at $9.89. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the...

Shares of TCF Financial Corporation (NYSE: TCB) are higher on the session by 0.29%, currently trading at $13.66. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name...

Sterne Agee upgrades First Commonwealth Financial (NYSE: FCF) to Buy. At the moment, Sterne Agee has a price target of $6.50 placed on the company's stock. In a research report published today, Sterne Agee states, "We upgraded the shares of First Commonwealth to Buy and established a $6.50 price...

First Midwest Bancorp (NASDAQ: FMBI) today announced that on June 20, 2011 Mark G. Sander will join First Midwest as President and Chief Operating Officer of First Midwest Bank and Senior Executive Vice President of the Company. "I am extremely pleased to welcome Mark to First Midwest," said...

Sterne Agee has upgraded First Commonwealth Financial (NYSE: FCF) from Neutral to Buy and has established a $6.50 price target.

This is my watch list going into the open tomorrow. ( 6/13/2011 )  Given the recent sell-off, many of the bears got the bulls against the ropes and are putting a beating on them.  truth be told, the tape looks extremely heavy and the consensus seems that its only going to continue.  Do me a favor...

The Financial Sector has been the weakest performing area of the market in today's trading session, currently 1.5% lower on the day. The worst performing stocks in the S&P Financial Sector currently are: 1) Genworth Financial (NYSE: GNW): Shares of Genworth are currently trading down 3.9%...

According to Oppenheimer, FirstMerit (NASDAQ: FMER) Outperform rating is reiterated. Oppenheimer said that it reiterates its Outperform rating and $19 price target on shares of FirstMerit. “Near-term commercial loan growth opportunities exist in both of the company's core markets. While M&A...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Whole Foods (NASDAQ: WFM) has “pulled back enough. Some companies can transcend the charts." Cramer said that he is “not a fan of Wells Fargo (NYSE: WFC).” He added, “If you want to own a bank, I'd go with PNC Financial Services...

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to loan USD 4 million to microfinance institution (MFI) AccessBank Tajikistan to expand the MFI's loan portfolio, develop a greater variety of credit products and “support competition in the...

Oppenheimer provided color on Midwest regional banks. In a research report published today, Oppenheimer named the top performers. The report states, "The five best-performing Midwest bank stocks year-to-date are Independent Bancorp (IBCP), Princeton National Bancorp (PNBC), Bank of Kentucky (BKYF...

Shares of TCF Financial Corporation (NYSE: TCB) are lower on the session by 0.82%, currently trading at $14.41. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name...