Recent Federal Reserve Survey Shows U.S. Banks Have Relaxed Lending Standards
The Paragon Report Provides Stock Research on Huntington Bancshares and Regions Financial
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/24/12 -- Regional Banking stocks have been some of the strongest performers on the markets despite facing a slowing global economy. The SPDR S&P Regional Banking ETF (KRE) is up roughly 14 percent in 2012 as investor optimism continues to improve within the sector. The Paragon Report examines investing opportunities in the Regional Banking Industry and provides equity research on Huntington Bancshares Inc. (NASDAQ: HBAN) and Regions Financial Corp. (NYSE: RF).
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Results from a Federal Reserve survey, released earlier this month, have shown that U.S. banks have relaxed their lending standards on credit cards and lending for autos and commercial real estate in the second quarter. Despite facing an economy bearing unemployment rate of 8.3 percent, lending from U.S. banks are at the highest levels since the end of the recession.
While foreign bank branches have tightened their lending standards, "domestic banks reported that their business had increased due to decreased competition from European banks and that they remain willing to accommodate additional such business," the Fed said.
The Paragon Report releases regular market updates on the Regional Banking Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Huntington Bancshares Incorporated is a $57 billion regional bank holding company headquartered in Columbus, Ohio. Huntington Bank was recently named the second top performing bank in the nation by Bank Director Magazine in its recent annual Performance Scorecard issue. Shares of the company have gained over 18 percent this year.
Regions Financial, with $122 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. The company reported net income of $284 million, or $0.20 per diluted share, for the second quarter of 2012. Shares of the company have gained an impressive 65 percent year-to-date.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 24.08.2012 - 06:20 Uhr
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