Expert's Economic Outlook, Global - Equity Research on Cathay General Bancorp and SunTrust Banks, Inc.
(firmenpresse) - MACAU -- (Marketwire) -- 10/13/11 -- Today, announced its research report highlighting Cathay General Bancorp (NASDAQ: CATY) and SunTrust Banks, Inc. (NYSE: STI). Full content and research is available at .
Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets'.
As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis - furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.
Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.
Equity Markets has reviewed Cathay General Bancorp for its current position within the financial industry. Cathay General Bancorp (Bancorp) is a holding company of Cathay Bank (the Bank), a California state-chartered commercial bank, six limited partnerships investing in housing investments, in which the Bank is the sole limited partner, and GBC Venture Capital, Inc. It also owns five statutory business trusts created for the purpose of issuing capital securities. The full research report on Cathay General Bancorp (NASDAQ: CATY) is available here: .
Equity Markets has reviewed SunTrust Banks, Inc. for its development within the financial industry. SunTrust Banks, Inc. (SunTrust ) is a commercial banking organization. The Company is a diversified financial services holding company whose businesses provide a range of financial services to consumer and corporate clients. Through its principal subsidiary, SunTrust Bank, the Company provides deposit, credit, and trust and investment services. The full research report on SunTrust Banks, Inc. (NYSE: STI) is available here: .
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Samuel Littman
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Datum: 13.10.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 1045585
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