Usually this is a pretty boring little bank, but investors had good reason to send its shares soaring Monday.
News & Analysis: Peoples United Financial
PBCT earnings call for the period ending December 31, 2020.
Some banks are over-reserving heavily but saying they expect losses to be minimal, while others release reserves as coronavirus cases across the U.S. rise.
The bank announced three acquisitions in less than two years leading up to the coronavirus pandemic. When will it feel ready to start buying more banks again?
PBCT earnings call for the period ending September 30, 2020.
The bank will sell its commercial insurance unit to AssuredPartners.
Each of these banks saw huge increases in its quarterly loan-loss provisions between the first and second quarters of the year.
PBCT earnings call for the period ending June 30, 2020.
Discounted stock prices can signal a great buying opportunity when attached to good companies.
These banks are all trading at higher price-to-tangible-book-values than their peers.