Comerica Margins Under Pressure, Energy Sector a Drag
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 6:39AM CDT
On Jun 21, we issued an updated research report on Comerica Incorporated (CMA). Shares of this Texas-based bank recorded a negative one-year return of around 16.6%.
FMER: 21.11 (+0.43), EFSC: 27.77 (+0.47), HTLF: 35.02 (+0.70), CMA: 43.88 (+1.30)
Citigroup (C) & Guy Hands End Legal Tussle in London
Zacks Equity Research - Zacks Investment Research - Mon Jun 13, 7:58AM CDT
On Jun 10, British financier Guy Hands withdrew its seven-year long litigation against Wall Street giant -- Citigroup Inc. (C) -- in London. The lawsuit was related to Terra Firma Capital Partners', the private equity firm owned by Guy Hands, purchaser of EMI Group Ltd. in 2007.
EFSC: 27.77 (+0.47), C: 43.94 (+1.26), HTLF: 35.02 (+0.70), SNE: 28.97 (+0.36)
Legg Mason (LM) AUM Improves in May; Inflows Recorded
Zacks Equity Research - Zacks Investment Research - Mon Jun 13, 7:40AM CDT
Baltimore-based Legg Mason Inc. (LM) reported a rise in its assets under management (AUM) as of May 31, 2016, as compared with the prior month. Preliminary month-end AUM came in at $717.8 billion, up 1.5% from Apr 2016.
EFSC: 27.77 (+0.47), IVZ: 29.32 (+0.55), LM: 32.39 (+0.78), BEN: 34.34 (+0.60)
Will Commerce Bancshares Growth Cushion Elevated Costs?
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 5:33PM CDT
On Jun 8, 2016, we issued an updated research report on Commerce Bancshares (CBSH).
FMER: 21.11 (+0.43), EFSC: 27.77 (+0.47), CBSH: 48.35 (+0.96), WTFC: 52.22 (+1.18)
Cullen/Frost Swings Up on Organic Growth: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 2:52PM CDT
On Jun 3, 2016, we issued an updated research report on Cullen/Frost Bankers, Inc. (CFR). This commercial and consumer banking services provider has recorded a year-to-date return of 15.5%.
CFR: 66.05 (+1.97), EFSC: 27.77 (+0.47), BANC: 19.68 (+0.43), SBSI: 31.02 (+0.86)
Wells Fargo (WFC) Slashes Financial Targets on Macro Woes
Zacks Equity Research - Zacks Investment Research - Wed May 25, 8:55AM CDT
At Investor Day held on May 24, Wall Street biggie ??? Wells Fargo & Company (WFC) ??? announced the reduced financial targets in the wake of persistently low interest rates and stricter regulations. Moreover, as per Chief Financial Officer John Shrewsberry, the bank was recording lower returns as compared to the set targets.
FMNB: 9.25 (+0.26), EFSC: 27.77 (+0.47), WFC: 47.51 (+0.54), BK: 41.30 (+0.70)
New Strong Buy Stocks for May 24th
Swarup Gupta - Zacks Investment Research - Tue May 24, 8:44AM CDT
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List for Tuesday.
CRNT: 1.67 (-0.01), AXTI: 3.40 (+0.07), BWP: 17.79 (+0.06), AMAT: 24.28 (+0.31), EFSC: 27.77 (+0.47)
Why You Shouldn't Bet Against Enterprise Financial Services (EFSC) Stock
Zacks Equity Research - Zacks Investment Research - Tue May 24, 7:56AM CDT
Enterprise Financial Services (EFSC) looks like an interesting choice for investors, as it is seeing solid estimate revisions and belongs to a great industry.
EFSC: 27.77 (+0.47)
Raymond James (RJF) Settles Anti-Money Laundering Issue
Zacks Equity Research - Zacks Investment Research - Thu May 19, 7:12AM CDT
On May 18, Raymond James Financial, Inc. (RJF) was slapped with a $17 million fine by the Financial Industry Regulatory Authority (FINRA) on the bank's "widespread failures" to control money laundering.
KCG: 13.94 (+0.01), RJF: 53.65 (+1.01), EFSC: 27.77 (+0.47), LPLA: 25.60 (+0.60)
Citigroup (C) Banks on Growth & Restructure Initiatives
Zacks Equity Research - Zacks Investment Research - Thu May 19, 7:09AM CDT
On May 18, we issued an updated research report on Citigroup Inc. (C). The company exhibits decent fundamentals amid the ongoing issues.
KCG: 13.94 (+0.01), EFSC: 27.77 (+0.47), C: 43.94 (+1.26), LPLA: 25.60 (+0.60)
Stifel Financial (SF) Q1 Earnings Beat on High Revenues
Zacks Equity Research - Zacks Investment Research - Tue May 10, 7:58AM CDT
Stifel Financial Corp. (SF) reported first-quarter 2016 net income of 57 cents per share from continuing operations, beating the Zacks Consensus Estimate of 52 cents. However, the figure was below the prior-year figure of 65 cents.
SF: 35.84 (+0.81), RJF: 53.65 (+1.01), EFSC: 27.77 (+0.47), LPLA: 25.60 (+0.60)
John Eulich Named Chairman of Enterprise Financial
GlobeNewswire - Thu May 05, 6:00PM CDT
Enterprise Financial Services Corp (NASDAQ:EFSC) announced that John S. Eulich has been named non-executive Chairman of the Board. Eulich, who joined the board in 2010, is a prominent St. Louis entrepreneur and private investor.
EFSC: 27.77 (+0.47)
Enterprise Financial Services posts 1Q profit
Automated Insights - Thu Apr 28, 2:27PM CDT
CLAYTON, Mo. (AP) _ Enterprise Financial Services Corp. (EFSC) on Thursday reported first-quarter profit of $11 million.
EFSC: 27.77 (+0.47)
Enterprise Financial Reports First Quarter 2016 Results
GlobeNewswire - Thu Apr 28, 6:04AM CDT
Reported Highlights
EFSC: 27.77 (+0.47)
Associated Banc-Corp (ASB) Earnings Lag, Provisions Up
Zacks Equity Research - Zacks Investment Research - Fri Apr 22, 9:37AM CDT
Associated Banc-Corp (ASB) reported first-quarter 2016 earnings per share of 27 cents, which lagged the Zacks Consensus Estimate by a penny.
ONB: 12.86 (+0.29), ASB: 18.01 (+0.48), EFSC: 27.77 (+0.47), FIBK: 28.45 (+0.61)
Enterprise Financial Services Corp Announces First Quarter 2016 Earnings Release and Conference Call
GlobeNewswire - Wed Apr 13, 5:00PM CDT
Enterprise Financial Services Corp (NASDAQ:EFSC), will release its First Quarter 2016 financial results on Thursday, April 28, 2016. The release will be followed by a related conference call at 2:30p.m. CDT on Thursday, April 28, 2016. The call and related presentation slides will be accessible on Enterprise Financial Services Corp's home page, at www.enterprisebank.com under "Investor Relations" and by telephone at 1-800-533-7619 (Conference ID #1739499). Recorded replays of the conference call will be available on the website beginning two hours after the call's completion. The telephone replay will be available at 1-866-375-1919 (Replay passcode #1739499). The replays will be available for approximately two weeks following the conference call. The press release announcing first quarter 2016 financial results as well as a related slide presentation will be available on Enterprise Financial's website at www.enterprisebank.com under "Investor Relations" prior to the scheduled internet broadcast of the conference call.
EFSC: 27.77 (+0.47)
Wintrust Completes Generations Buy, Expands in Wisconsin
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 12:25PM CDT
Expanding its footprint in Wisconsin further, U.S. banking and financial services provider Wintrust Financial Corporation (WTFC) recently completed the acquisition of Wisconsin-based Generations Bancorp, Inc. for a purchase price of about $25.1 million.
EFSC: 27.77 (+0.47), MBWM: 24.76 (+0.58), WTFC: 52.22 (+1.18), MSFG: 22.58 (+0.58)
Citi Transfers Coinsurance Deal, Assets Reduced by $2.5B
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 8:00AM CDT
On Thursday, Citigroup Inc. (C) announced that its subsidiary - Prime Reinsurance Company, Inc. ("Prime Re"
EFSC: 27.77 (+0.47), C: 43.94 (+1.26), MBWM: 24.76 (+0.58), MSFG: 22.58 (+0.58)
Goldman's Acquisition of GE's $17B Deposits Gets Fed Nod
Zacks Equity Research - Zacks Investment Research - Tue Mar 22, 12:40PM CDT
On Monday, Goldman Sachs Bank USA, the banking subsidiary of The Goldman Sachs Group, Inc. (GS), got the Federal Reserve's approval for acquiring the online deposit platform of GE Capital Bank, an arm of Connecticut-based General Electric Company (GE).
GE: 31.01 (+0.23), GS: 151.58 (+3.44), EFSC: 27.77 (+0.47), PJC: 41.84 (+1.04)
The Zacks Analyst Blog Highlights: Bank of the Ozarks, BofI Holding, Customers Bancorp, Enterprise Financial Services and National Bank Holdings
Zacks Equity Research - Zacks Investment Research - Wed Mar 16, 8:30AM CDT
The Zacks Analyst Blog Highlights: Bank of the Ozarks, BofI Holding, Customers Bancorp, Enterprise Financial Services and National Bank Holdings
BOFI: 17.34 (+0.48), CUBI: 26.06 (+0.78), EFSC: 27.77 (+0.47), NBHC: 20.50 (+0.33), OZRK: 39.35 (+1.73)