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What: Shares of commercial banker PrivateBancorp
So what: Profits came in at $0.14 a share, $0.07 better than the average estimate as tracked by S&P Capital IQ. The bank’s loan-loss provision also fell roughly $8 million when compared with last year’s Q3. Bad deals are apparently being retired as new money gets put to work.
Now what: Wall Street has to be pleased. Analysts rank PrivateBancorp as one of the six fast-growing regional banks by revenue growth. IberiaBank
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