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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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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn’t own shares in any of the companies mentioned at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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