Flagstar Bancorp (FBC) 25.78 $FBC
Legg Mason Acquires 82% Stake in Financial Guard; Stock Up
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 6:39AM CDT
Shares of Legg Mason Inc. (LM) gained 4% since Thursday after it announced its decision to acquire 82% majority stake in Financial Guard LLC, an online Registered Investment Advisor based in Salt Lake City, UT.
HMST: 21.32 (+0.13), FMBI: 18.39 (+0.06), FBC: 25.78 (+0.14), LM: 31.30 (+0.04)
Citi (C) Merges Consumer Banking Businesses in EMEA & Asia
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 6:42AM CDT
In line with its continued efforts to streamline operations, Citigroup Inc. (C) is reportedly merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia.
HMST: 21.32 (+0.13), FMBI: 18.39 (+0.06), C: 43.37 (-0.07), FBC: 25.78 (+0.14)
Citi to Sell Prepaid Card Services as Streamlining Continues
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 8:18AM CDT
Citigroup Inc. (C) is set to sell its institutional Prepaid Card Services to the Germany-based payment and issuing company, Wirecard AG
FMBH: 25.48 (+0.14), C: 43.37 (-0.07), FBC: 25.78 (+0.14), SONA: 12.34 (-0.01)
Why HomeStreet (HMST) Stock Upgraded to Strong Buy
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 5:20PM CDT
HomeStreet has been witnessing rising earnings estimates driven by the announcement of an acquisition and the company's expectations of growth in the second quarter earnings.
HMST: 21.32 (+0.13), WHF: 11.52 (+0.01), FBC: 25.78 (+0.14), BPFH: 12.22 (+0.07)
Is Synovus Financial (SNV) Stock Poised for a Turnaround?
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 9:29AM CDT
Shares of Synovus Financial Corporation (SNV) have lost over 13% so far this year. However, the recent trend in estimate revisions for its future earnings raises hope for impressive performances in the near term.
HMST: 21.32 (+0.13), FMBH: 25.48 (+0.14), FBC: 25.78 (+0.14), SNV: 29.68 (+0.01)
BancorpSouth's Growth on Track, Margin Pressure Lingers
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 8:58AM CDT
BancorpSouth, Inc. (BXS) seems well positioned for long-term growth, given its strength in several areas.
HMST: 21.32 (+0.13), BXS: 23.19 (unch), FMBH: 25.48 (+0.14), FBC: 25.78 (+0.14)
Upgrade Alert for Flagstar Bancorp (FBC)
Comtex SmarTrend(R) - Wed Jun 29, 3:13AM CDT
Flagstar Bancorp (NYSE:FBC) was upgraded from Market Perform to Outperform at Keefe Bruyette today. The stock closed yesterday at $23.43 on volume of 312,000 shares, above average daily volume of 169,000. Potential upside of 5.6% exists for Flagstar Bancorp, based on a current level of $23.43 and analysts' average consensus price target of $24.75. Flagstar Bancorp shares have support at the 50-day moving average (MA) of $21.49 and additional support at the 200-day MA of $21.27.
FBC: 25.78 (+0.14)
Flagstar Receives Regulatory Approval to Redeem TARP Preferred Stock
PR Newswire - Mon Jun 27, 5:30AM CDT
On June 23, 2016, Flagstar Bancorp, Inc. ("the "Company"
(NYSE: FBC) received written non-objection from The Federal Reserve Bank of Chicago, acting pursuant to the authority delegated by the Board of Governors of the Federal Reserve System, to redeem $267 million of its Fixed Rate Cumulative Perpetual Preferred Stock, Series C (the "TARP Preferred". Before redeeming the TARP Preferred, which requires that the Company simultaneously pay approximately $102 million of accrued and unpaid dividends, the Company will pay approximately $31 million of deferred interest on nine series of trust preferred securities (the "TruPS" issued by trusts controlled by the Company. The Company intends to finance the redemption using proceeds from senior debt securities and from internally generated sources, including a $200 million dividend from its subsidiary Flagstar Bank, FSB. No equity offering for this redemption is contemplated.
FBC: 25.78 (+0.14)
20.6% Return Seen to Date on SmarTrend Flagstar Bancorp Call (FBC)
Comtex SmarTrend(R) - Thu Jun 02, 1:52PM CDT
SmarTrend identified an Uptrend for Flagstar Bancorp (NYSE:FBC) on February 26th, 2016 at $19.94. In approximately 3 months, Flagstar Bancorp has returned 20.61% as of today's recent price of $24.05.
FBC: 25.78 (+0.14)
Flagstar Bancorp Up 20.2% Since SmarTrend Uptrend Call (FBC)
Comtex SmarTrend(R) - Thu May 26, 1:22AM CDT
SmarTrend identified an Uptrend for Flagstar Bancorp (NYSE:FBC) on February 26th, 2016 at $19.94. In approximately 3 months, Flagstar Bancorp has returned 20.21% as of today's recent price of $23.97.
FBC: 25.78 (+0.14)
Flagstar Earns Investment-Grade Ratings and Stable Outlook from Egan-Jones Ratings Company
PR Newswire - Tue May 24, 5:30AM CDT
Flagstar Bancorp, Inc. (NYSE: FBC) today announced that it has earned investment-grade ratings from the Egan-Jones Ratings Company ("EJR". EJR assigned a long-term corporate issuer rating of A with a stable outlook and a short-term commercial paper rating of A1 to Flagstar Bancorp, Inc.
FBC: 25.78 (+0.14)
Flagstar to Audiocast Annual Meeting of Shareholders
PR Newswire - Thu May 12, 8:00AM CDT
Flagstar Bancorp, Inc. (NYSE: FBC) today announced plans to audiocast its 2016 Annual Meeting of Shareholders. The annual meeting will be held Tuesday, May 24, 2016, at 8:30 a.m. (ET) at Flagstar's national headquarters, 5151 Corporate Drive, Troy, MI 48098.
FBC: 25.78 (+0.14)
Citizens Financial (CFG) Prices $1B Senior Unsecured Notes
Zacks Equity Research - Zacks Investment Research - Wed May 11, 9:12AM CDT
Citizens Financial Group, Inc. (CFG) priced a debt offering by its wholly-owned subsidiary Citizens Bank
NWBI: 15.11 (+0.01), FBC: 25.78 (+0.14), CFG: 20.38 (-0.06), OCFC: 18.14 (-0.60)
Goldman Eyes New Lending Strategy Amid Revenue Pressure
Zacks Equity Research - Zacks Investment Research - Mon May 02, 6:07PM CDT
The Goldman Sachs Group, Inc. (GS) seems to be seeking revenue opportunities as weak markets and stricter regulations have put a pressure on the investment bank's traditional businesses like fixed income trading
GS: 156.86 (-0.06), RJF: 51.49 (-0.56), FBC: 25.78 (+0.14), CSH: 42.64 (-0.15)
Flagstar Bancorp posts 1Q profit
Automated Insights - Tue Apr 26, 5:55AM CDT
TROY, Mich. (AP) _ Flagstar Bancorp Inc. (FBC) on Tuesday reported first-quarter profit of $39 million.
FBC: 25.78 (+0.14)
Flagstar Reports First Quarter 2016 Net Income of $39 million, or $0.54 per Diluted Share
PR Newswire - Tue Apr 26, 5:30AM CDT
Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today reported first quarter 2016 net income of $39 million, or $0.54 per diluted share, as compared to $33 million in the fourth quarter 2015, or $0.44 per diluted share, and net income of $32 million in the first quarter 2015, or $0.43 per diluted share.
FBC: 25.78 (+0.14)
Flagstar Bank Receives Fannie Mae's 2015 STAR Performer Award
PR Newswire - Mon Apr 25, 7:00AM CDT
Flagstar Bank was recently named a Fannie Mae Servicer Total Achievement and Rewards(TM) (STAR(TM)) Performer for 2015 by Fannie Mae in recognition of Flagstar's outstanding performance and best practices in the General Servicing category. The STAR Program recognizes top-performing mortgage servicers for assisting homeowners, aiding the housing recovery, and demonstrating excellence in mortgage servicing.
FBC: 25.78 (+0.14)
Citizen Financial (CFG) Stock Moves Up on Q1 Earnings Beat
Zacks Equity Research - Zacks Investment Research - Thu Apr 21, 10:29AM CDT
Driven by higher revenues, Citizens Financial Group, Inc. (CFG) delivered a positive earnings surprise of nearly 8% in first-quarter 2016
PBCT: 15.25 (+0.01), EVER: 15.57 (-0.08), FBC: 25.78 (+0.14), CFG: 20.38 (-0.06)
Flagstar Earns Investment-Grade Ratings and Stable Outlook From Kroll Bond Rating Agency
PR Newswire - Mon Apr 18, 3:05PM CDT
Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today announced that it has earned investment-grade ratings with a stable outlook from the Kroll Bond Rating Agency ("KBRA". KBRA assigned a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Flagstar Bancorp, Inc. Flagstar Bank, FSB was assigned a deposit rating of BBB+, a senior unsecured debt rating of BBB+, and short-term debt and deposit ratings of K2. The outlook on all long-term ratings is stable.
FBC: 25.78 (+0.14)
Washington Federal (WAFD) Q2 Earnings Beat; Stock Up 2%
Zacks Equity Research - Zacks Investment Research - Fri Apr 15, 8:10AM CDT
Shares of Washington Federal were up nearly 2% following the release of its second-quarter fiscal 2016. Earnings of 45 cents per share surpassed the Zacks Consensus Estimate of 41 cents.
PBCT: 15.25 (+0.01), FBC: 25.78 (+0.14), CFG: 20.38 (-0.06), WAFD: 25.22 (+0.08)
Legg Mason Acquires 82% Stake in Financial Guard; Stock Up
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 6:39AM CDT
Shares of Legg Mason Inc. (LM) gained 4% since Thursday after it announced its decision to acquire 82% majority stake in Financial Guard LLC, an online Registered Investment Advisor based in Salt Lake City, UT.
HMST: 21.32 (+0.13), FMBI: 18.39 (+0.06), FBC: 25.78 (+0.14), LM: 31.30 (+0.04)
Citi (C) Merges Consumer Banking Businesses in EMEA & Asia
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 6:42AM CDT
In line with its continued efforts to streamline operations, Citigroup Inc. (C) is reportedly merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia.
HMST: 21.32 (+0.13), FMBI: 18.39 (+0.06), C: 43.37 (-0.07), FBC: 25.78 (+0.14)
Citi to Sell Prepaid Card Services as Streamlining Continues
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 8:18AM CDT
Citigroup Inc. (C) is set to sell its institutional Prepaid Card Services to the Germany-based payment and issuing company, Wirecard AG
FMBH: 25.48 (+0.14), C: 43.37 (-0.07), FBC: 25.78 (+0.14), SONA: 12.34 (-0.01)
Why HomeStreet (HMST) Stock Upgraded to Strong Buy
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 5:20PM CDT
HomeStreet has been witnessing rising earnings estimates driven by the announcement of an acquisition and the company's expectations of growth in the second quarter earnings.
HMST: 21.32 (+0.13), WHF: 11.52 (+0.01), FBC: 25.78 (+0.14), BPFH: 12.22 (+0.07)
Is Synovus Financial (SNV) Stock Poised for a Turnaround?
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 9:29AM CDT
Shares of Synovus Financial Corporation (SNV) have lost over 13% so far this year. However, the recent trend in estimate revisions for its future earnings raises hope for impressive performances in the near term.
HMST: 21.32 (+0.13), FMBH: 25.48 (+0.14), FBC: 25.78 (+0.14), SNV: 29.68 (+0.01)
BancorpSouth's Growth on Track, Margin Pressure Lingers
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 8:58AM CDT
BancorpSouth, Inc. (BXS) seems well positioned for long-term growth, given its strength in several areas.
HMST: 21.32 (+0.13), BXS: 23.19 (unch), FMBH: 25.48 (+0.14), FBC: 25.78 (+0.14)
Upgrade Alert for Flagstar Bancorp (FBC)
Comtex SmarTrend(R) - Wed Jun 29, 3:13AM CDT
Flagstar Bancorp (NYSE:FBC) was upgraded from Market Perform to Outperform at Keefe Bruyette today. The stock closed yesterday at $23.43 on volume of 312,000 shares, above average daily volume of 169,000. Potential upside of 5.6% exists for Flagstar Bancorp, based on a current level of $23.43 and analysts' average consensus price target of $24.75. Flagstar Bancorp shares have support at the 50-day moving average (MA) of $21.49 and additional support at the 200-day MA of $21.27.
FBC: 25.78 (+0.14)
Flagstar Receives Regulatory Approval to Redeem TARP Preferred Stock
PR Newswire - Mon Jun 27, 5:30AM CDT
On June 23, 2016, Flagstar Bancorp, Inc. ("the "Company"
(NYSE: FBC) received written non-objection from The Federal Reserve Bank of Chicago, acting pursuant to the authority delegated by the Board of Governors of the Federal Reserve System, to redeem $267 million of its Fixed Rate Cumulative Perpetual Preferred Stock, Series C (the "TARP Preferred". Before redeeming the TARP Preferred, which requires that the Company simultaneously pay approximately $102 million of accrued and unpaid dividends, the Company will pay approximately $31 million of deferred interest on nine series of trust preferred securities (the "TruPS" issued by trusts controlled by the Company. The Company intends to finance the redemption using proceeds from senior debt securities and from internally generated sources, including a $200 million dividend from its subsidiary Flagstar Bank, FSB. No equity offering for this redemption is contemplated. FBC: 25.78 (+0.14)
20.6% Return Seen to Date on SmarTrend Flagstar Bancorp Call (FBC)
Comtex SmarTrend(R) - Thu Jun 02, 1:52PM CDT
SmarTrend identified an Uptrend for Flagstar Bancorp (NYSE:FBC) on February 26th, 2016 at $19.94. In approximately 3 months, Flagstar Bancorp has returned 20.61% as of today's recent price of $24.05.
FBC: 25.78 (+0.14)
Flagstar Bancorp Up 20.2% Since SmarTrend Uptrend Call (FBC)
Comtex SmarTrend(R) - Thu May 26, 1:22AM CDT
SmarTrend identified an Uptrend for Flagstar Bancorp (NYSE:FBC) on February 26th, 2016 at $19.94. In approximately 3 months, Flagstar Bancorp has returned 20.21% as of today's recent price of $23.97.
FBC: 25.78 (+0.14)
Flagstar Earns Investment-Grade Ratings and Stable Outlook from Egan-Jones Ratings Company
PR Newswire - Tue May 24, 5:30AM CDT
Flagstar Bancorp, Inc. (NYSE: FBC) today announced that it has earned investment-grade ratings from the Egan-Jones Ratings Company ("EJR"
. EJR assigned a long-term corporate issuer rating of A with a stable outlook and a short-term commercial paper rating of A1 to Flagstar Bancorp, Inc. FBC: 25.78 (+0.14)
Flagstar to Audiocast Annual Meeting of Shareholders
PR Newswire - Thu May 12, 8:00AM CDT
Flagstar Bancorp, Inc. (NYSE: FBC) today announced plans to audiocast its 2016 Annual Meeting of Shareholders. The annual meeting will be held Tuesday, May 24, 2016, at 8:30 a.m. (ET) at Flagstar's national headquarters, 5151 Corporate Drive, Troy, MI 48098.
FBC: 25.78 (+0.14)
Citizens Financial (CFG) Prices $1B Senior Unsecured Notes
Zacks Equity Research - Zacks Investment Research - Wed May 11, 9:12AM CDT
Citizens Financial Group, Inc. (CFG) priced a debt offering by its wholly-owned subsidiary Citizens Bank
NWBI: 15.11 (+0.01), FBC: 25.78 (+0.14), CFG: 20.38 (-0.06), OCFC: 18.14 (-0.60)
Goldman Eyes New Lending Strategy Amid Revenue Pressure
Zacks Equity Research - Zacks Investment Research - Mon May 02, 6:07PM CDT
The Goldman Sachs Group, Inc. (GS) seems to be seeking revenue opportunities as weak markets and stricter regulations have put a pressure on the investment bank's traditional businesses like fixed income trading
GS: 156.86 (-0.06), RJF: 51.49 (-0.56), FBC: 25.78 (+0.14), CSH: 42.64 (-0.15)
Flagstar Bancorp posts 1Q profit
Automated Insights - Tue Apr 26, 5:55AM CDT
TROY, Mich. (AP) _ Flagstar Bancorp Inc. (FBC) on Tuesday reported first-quarter profit of $39 million.
FBC: 25.78 (+0.14)
Flagstar Reports First Quarter 2016 Net Income of $39 million, or $0.54 per Diluted Share
PR Newswire - Tue Apr 26, 5:30AM CDT
Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today reported first quarter 2016 net income of $39 million, or $0.54 per diluted share, as compared to $33 million in the fourth quarter 2015, or $0.44 per diluted share, and net income of $32 million in the first quarter 2015, or $0.43 per diluted share.
FBC: 25.78 (+0.14)
Flagstar Bank Receives Fannie Mae's 2015 STAR Performer Award
PR Newswire - Mon Apr 25, 7:00AM CDT
Flagstar Bank was recently named a Fannie Mae Servicer Total Achievement and Rewards(TM) (STAR(TM)) Performer for 2015 by Fannie Mae in recognition of Flagstar's outstanding performance and best practices in the General Servicing category. The STAR Program recognizes top-performing mortgage servicers for assisting homeowners, aiding the housing recovery, and demonstrating excellence in mortgage servicing.
FBC: 25.78 (+0.14)
Citizen Financial (CFG) Stock Moves Up on Q1 Earnings Beat
Zacks Equity Research - Zacks Investment Research - Thu Apr 21, 10:29AM CDT
Driven by higher revenues, Citizens Financial Group, Inc. (CFG) delivered a positive earnings surprise of nearly 8% in first-quarter 2016
PBCT: 15.25 (+0.01), EVER: 15.57 (-0.08), FBC: 25.78 (+0.14), CFG: 20.38 (-0.06)
Flagstar Earns Investment-Grade Ratings and Stable Outlook From Kroll Bond Rating Agency
PR Newswire - Mon Apr 18, 3:05PM CDT
Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today announced that it has earned investment-grade ratings with a stable outlook from the Kroll Bond Rating Agency ("KBRA"
. KBRA assigned a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Flagstar Bancorp, Inc. Flagstar Bank, FSB was assigned a deposit rating of BBB+, a senior unsecured debt rating of BBB+, and short-term debt and deposit ratings of K2. The outlook on all long-term ratings is stable. FBC: 25.78 (+0.14)
Washington Federal (WAFD) Q2 Earnings Beat; Stock Up 2%
Zacks Equity Research - Zacks Investment Research - Fri Apr 15, 8:10AM CDT
Shares of Washington Federal were up nearly 2% following the release of its second-quarter fiscal 2016. Earnings of 45 cents per share surpassed the Zacks Consensus Estimate of 41 cents.
PBCT: 15.25 (+0.01), FBC: 25.78 (+0.14), CFG: 20.38 (-0.06), WAFD: 25.22 (+0.08)
