Each of these banks saw huge increases in its quarterly loan-loss provisions between the first and second quarters of the year.
News & Analysis: People's United Financial
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.
These stocks could perform well during the pandemic.
The bank grew total revenue 22% year over year from acquisitions and organic growth.
PBCT earnings call for the period ending March 31, 2020.
Banks will largely be responsible for disbursing the nearly $350 billion in new Small Business Administration funds. Those that can approve loans the quickest could benefit the most.
Regional banks are looking at potentially better margins and enhanced regulatory relief.
There's a potential buyer in the works for this Connecticut-based financial institution.