Regional Banks

Jeff Aronson of Centerbridge Partners spoke at the Ira Sohn Conference, and gave an equity idea, despite Aronson being primarily a private equity guy. Aron said that he really likes CIT Group Inc. (NYSE: CIT), and has continued to purchase the stock since the company's bankruptcy a few years ago...

Clean Diesel Technologies Inc (NASDAQ: CDTI) shares advanced 53.85% to $6.00 at 9:50 am. CDTI's Heavy Duty Diesel Systems division received around $2.0 million in orders for its verified (approved) emission reduction products. Xinyuan Real Estate Co Ltd (NYSE: XIN) climbed 15.63% to $2.22. XIN...

PrivateBancorp, Inc. (NASDAQ: PVTB) today announced that James M. Guyette has been elected independent non-executive chairman of the Board of Directors.

KBW reiterated its Market Perform rating on TCF Financial Corporation (NYSE: TCB). At the same time, KBW raised its price target on the company's stock to $15. In a research report published today, KBW stressed more difficult times ahead for TFC Financial, as regulatory changes take its toll on the...

KBW reiterated its Market Perform rating on Preferred Bank (NASDAQ: PFBC) after the company's annual meeting, where its shareholders approved a 1-for-5 reverse stock split. In a research report published today, KBW states, "At their annual meeting, Preferred Bank shareholders approved a 1-for-5...

On May 16, 2011, Fifth Third Bancorp (NASDAQ: FITB) delivered a notice to the trustee of Fifth Third Capital Trust VII to mandatorily redeem the 8.875% trust preferred securities of the Trust on June 15, 2011 at an aggregate cash redemption price of $25.18 per Trust Preferred Security. This...

Financial Institutions, Inc. (Nasdaq: FISI) announced today that its Board of Directors has declared a quarterly cash dividend of $0.12 per share of outstanding common stock, representing a 20% increase over the previous quarter's dividend of $0.10 per share. The Company also announced dividends...

According to a recent report from J.P. Morgan, there was a positive vibe and optimism for future growth after J.P. Morgan met with Chris Carey, the CFO of City National (NYSE: CYN). J.P. Morgan has maintained an overweight rating and a $66.00 price target on City National after the informative...

Cusick's Corner The Buck firmed into the close while Finance, XLF (thanks Citi +.35 and 9% of the XLF) was the strongest of the offensive sectors, this segment is just off its lows. We may have a consolidation forming in front of the long weekend. In the Commodity markets there was a nice...

Suffolk Bancorp (NASDAQ: SUBK), today announced that, as expected, on May 18, 2011, it received a letter from NASDAQ that it was no longer in compliance with the listing rules of the NASDAQ Stock Market due to the Company's previously announced delay in filing the Quarterly Report on Form 10-Q for...

The Securities Arbitration Law Firm of Klayman & Toskes announced today that it filed a securities arbitration claim on behalf of a Trust beneficiary against UBS (NYSE: UBS) Financial Services for losses sustained as a result of maintaining a concentrated position in Synovus Financial Corp. (...

Shares of Regions Financial Corporation (NYSE: RF) are lower on the session by 0.07%, currently trading at $6.82. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name...

Cree, Inc. (NASDAQ: CREE) shares are popping this morning, gaining more than 4% on news that Canaccord Genuity says the company won General Electric's (NYSE: GE) replacement bulb business. At last check, shares of Cree were up $1.81 to $43.37, a gain of 4.35% on 100,000 shares this morning. Cree...

Identive Group Inc (NASDAQ: INVE) dipped 12.59% to $2.57 in the pre-market session. INVE announced offering to sell shares of its common stock in an underwritten public offering in the US. Huntington Bancshares Inc (NASDAQ: HBAN) dropped 1.89% to $6.23 in the pre-market trading. Huntington...

Credit Suisse has issued the following rating changes: Campbell Soup Company (NYSE: CPB) upgraded from Underperform to Neutral, PT raised from $32 to $35 East West Bancorp (NASDAQ: EWBC) downgraded from Outperform to Neutral, PT lowered from $22 to $21