Hints and tips:
...The bottom lines at Comerica, based in Dallas, Texas, Zions Bank, based in Salt Lake City, Utah, and PNC in Pittsburgh, Pennsylvania, fell roughly 90 per cent, 55 per cent and 40 per cent, respectively....
...Bank....
...European markets traded cautiously, as traders tried to gauge the next policy move of the European Central Bank, due to announce its decision on interest rates next Thursday....
...Options investors are pricing in share price swings of more than 10 per cent on two of the first regional banks to report results later this month: Utah’s Zions Bancorp and Texas-based Comerica....
...Texas-based Comerica, a lender that has backed movies such as Twilight and provides credit lines to indie studios including A24, is unwilling to entertain the risk at all....
...The bank has a chunky exposure to the car industry, and a sizeable presence in Michigan and California as well as Texas....
...But the banks there — Comerica, Regions, Zions — are not detached from the broader world....
...S&P lowered ratings on BOK Financial, Comerica, Cullen/Frost Bankers, and Texas Capital Bancshares — and holds a negative outlook on the banks to “reflect our concern that the downturn in oil and natural...
...According to Barclays, more than half the deposits at Comerica — the Texas-based lender the analysts regard as the most interest rate sensitive of the 22 banks they track — are in “non-interest bearing”...
...Bank of England....
...A prolonged slump in the crude price would pose a risk to banks with a high proportion of loans to oil and gas companies, including BOK Financial, Hancock Holding, Comerica, Texas Capital Bancshares and...
...Still, investors clearly had the sector in their sights last week with share prices falling sharply for banks including Hancock Holding, Texas Capital Bancshares and Comerica....
...Financing was arranged by Comerica, the Texas-based bank....
...Separately, Comerica, the Texas-based bank, reported first quarter net income of $130m, up from $103m a year earlier....
...This will be financed by a $7bn debt facility, underwritten by a consortium of banks led by JPMorgan....
...During the savings and loans crisis of the late 1980s, for example, dozens of small banks collapsed amid a property downturn in places such as Texas....
...Citibank has released data showing the wide extent of the accounts targeted by a breach of its credit card database in the US, with customers in California, Texas, Illinois, New York and Florida the most...
...Morgan Stanley was down 2.6 per cent to $23.15 while Comerica, a regional lender, lost 3 per cent to $34.32....
...Storm clouds loom over cotton price This year’s global cotton crop, first whacked by a Texas drought, now looks very soggy....
...Comerica also has the advantage of a strong presence in Texas, which has withstood the economic downturn better than many other states....
...The network and the machines were owned by Texas-based CardTronics, which took in monthly fees from Citi....
...Also on the horizon are results from stress tests on the US banks and monthly US employment data....
...February, an unidentified person “providing consultancy services to an Antigua company” emailed the SEC because s/he had “become very concerned about the unusual activities of the Stanford Financial Group, a Texas...
...BB&T, based in North Carolina, and Comerica, based in Texas, reported profits....
...Shares in Regions Financial, the largest bank in Alabama, fell by more than 5 per cent, Texas-based Comerica fell by 3.8 per cent, and Cincinatti-based Fifth Third fell by 3.58 per cent....
International Edition