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Tag: FHN

  • First Horizon Corporation (FHN) stock gained in the current market; here is why?

    First Horizon Corporation (FHN) gained in the current market after announcing that TD Bank has acquired First Horizon. FHN values at $23.74, losing more than 30.08% compared to yesterday’s closing price. The stock closed at $18.25 at the end of the last trading session. The stock volume traded in the last trading session was around 5.82 million shares. The current market cap of the company is around $9.87 billion.

    FHN acquired by TD

    First Horizon (FHN) and TD Bank (TD) announced that they both have come to an agreement that TD will acquire First Horizon. The transaction value is $13.4 billion or $25 per common stock paid all in cash to First Horizon. TD Bank acquiring First Horizon was the similarity among its culture and risk-management framework, but the deal complements the TD Banks’ long-term goal of expansion.

    After the deal TD’s US franchise has over $614 billion in assets and a network of 1,560 outlets servicing over 10.7 million US consumers across 22 states; globally, TD Bank Group has roughly C$1,841 billion in assets and over 27.5 million clients served by over 2,600 locations.

    FHN Transaction Details

    The company expects an unadjusted synergy gain of over 10% upon closure when the deal is penned. TD Banks expects that, on average, the deal should provide a 10% return on capital in 2023. First Horizon’s fully-synergized profits for 2023 are 9.8 times the acquisition price, and its anticipated tangible book value at closing is 2.1 times the purchase price.

    TD Bank expects to close the deal in the first half of fiscal 2023, but that is subject to market conditions. The factors affecting the deal could be shareholders of First Horizon, Canadian or US regulatory authorities.

    FHN CEO’s remarks

    First Horizon is a solid bank, according to TD President and CEO Bharat Masrani. As a consequence, TD will have direct access to the attractive US bordering markets and significant future growth prospects across the Southeast. They aspire to build on their success and create outstanding client experiences in every area they serve.

    Conclusion

    TD Bank acquires First Horizon in the hope of creating a customer-centric business model in order to gain future expansion. First Horizon’s investments in local communities will be further developed by TD.

  • 15 Banking Industry Stock You Should Add In Your Buying List

    15 Banking Industry Stock You Should Add In Your Buying List

    Banking Industry is continuously striving to improve the experience of customers either with their applications or simplifying customers’ journey by introducing omnichannel. This industry is adopting digitization and new technologies to provide best-in-class services to customers. The ongoing pandemic has hit the banking industry badly as the sources of revenue plummeted and credit risk increases exponentially.

    But the rising customer demands and the competitive market have forced the banking industry to explore new business models. These new business models help the banking industry to meet the need of its clients. Banks are continuously taking appropriate measures to protect the interest of employees society and shareholders even though the competition is tough.

    The following are the leading companies in the bank regional industry. Let see how these companies are fulfilling the demands of its customers:

    Regions Financial Corporation (NYSE: RF)

    Regions Financial Corporation (NYSE: RF) stock soar by 4.86% to $12.94 after Regions reports third quarter 2020 earnings of $501 million, up 30 percent over the prior year, and earnings per share of $0.52, up 33 percent. The most recent rating by Odeon, on September 15, 2020, is at a Buy. Regions Financial Corporation (RF) has moved up 86.46% from its 52-weeks low and moved down -26.23% from its 52-weeks low. Regions Financial Corporation’s market cap has remained high, hitting $12.49 billion at the time of writing.

    Huntington Bancshares Incorporated (NASDAQ: HBAN)

    Huntington Bancshares Incorporated (NASDAQ: HBAN) rose 3.78% after gaining more than $0.36 on Tuesday. Huntington Bancshares Incorporated has announced Tuesday that it has started Debt Tender Offers. Huntington Bancshares Incorporated (HBAN) announced this offer to buy up to the applicable aggregate maximum principal amount of its outstanding notes. It has a total market capitalization of 10.04 billion at the time of writing.

    KeyCorp (NYSE: KEY)

    KeyCorp (NYSE: KEY) shares headed rising, higher as much as 2.35%. The most recent rating by Wolfe Research, on July 31, 2020, is at an Underperform. KeyCorp (KEY) has earlier revealed that it has joined Entrepreneur magazine’s list of Top Franchise Suppliers, ranking the regional bank among some of the best in the nation to empower franchisees to launch, grow, expand, or evolve their businesses.

    First Horizon National Corporation (FHN)

    First Horizon National Corporation (FHN) last closed at $10.80, in a 52-week range of $6.27 to $17.42. Analysts have a consensus price target of $12.27. First Horizon National Corporation (FHN) has announced that the firm’s continued expansion of its Public Finance Department. Joining our team in New York City are Evan Levine and Crystal Mullins.

    Truist Financial Corporation (NYSE: TFC)

    Truist Financial Corporation (NYSE: TFC) rose 1.25% after gaining more than $0.52 on Tuesday. Truist Expands Industry Consulting Team with Focus on Beverage Industry. Truist Financial Corporation (TFC) has moved up 75.30% from its 52-weeks low and moved down -26.05% from its 52-weeks low. Truist Financial Corporation’s market cap has remained high, hitting $57.35 billion at the time of writing.

    Fifth Third Bancorp (NASDAQ: FITB)

    Fifth Third Bancorp (NASDAQ: FITB) last closed at $23.75, in a 52-week range of $11.10 to $31.64. Fifth Third Bank Named to the Diversity Best Practices Inclusion Index. Analysts have a consensus price target of $25.18. Fifth Third Bancorp (FITB) has moved up 113.96% from its 52-weeks low and moved down -24.94% from its 52-weeks low. Fifth Third Bancorp’s market cap has remained high, hitting $17.02 billion at the time of writing.

    Citizens Financial Group Inc. (NYSE: CFG)

    Citizens Financial Group Inc. (NYSE: CFG) stock soar by 3.68% to $27.62. The most recent rating by Wolfe Research, on July 31, 2020, is at an Underperform. Citizens Financial Group Inc. (CFG) has earlier shared the 2020 third-quarter financial results. Citizens Financial Group Inc.’s market cap has remained high, hitting $12.36 billion at the time of writing.

    Deutsche Bank Aktiengesellschaft (NYSE: DB)

    Deutsche Bank Aktiengesellschaft (NYSE: DB) stock soar by 3.45% to $9.60. The most recent rating by Societe Generale, on October 01, 2020, is at a Hold. Deutsche Bank Aktiengesellschaft (DB) has disclosed earlier that it has been named as depositary bank for the NYSE-listed American Depositary Receipt program of iHuman Inc.

    Itau Unibanco Holding S.A. (NYSE: ITUB)

    Itau Unibanco Holding S.A. (NYSE: ITUB) shares were trading up 4.61% at $4.31 at the time of writing on Tuesday. Itau Unibanco Holding S.A. (NYSE: ITUB) share price went from a low point around $3.47 to briefly over $9.23 in the past 52 weeks, though shares have since pulled back to $4.31. ITUB market cap has remained high, hitting $42.16B at the time of writing, giving it a price-to-sales ratio of more than 1. If we look at the recent analyst rating ITUB, Goldman downgraded coverage on ITUB shares with a Neutral rating and a $6.40 price target, which implies room for 2.09% upside momentum this year.

    U.S. Bancorp (NYSE: USB)

    U.S. Bancorp (NYSE: USB) rose 0.62% after gaining more than $0.24 on Tuesday. U.S. Bancorp (USB) has earlier shared the 2020 third-quarter result. Looking at its profitability, it has return on assets, return on equity and return on investment of 1.20%, 13.10%, and 11.70%. Its market cap has remained high, hitting $59.06 billion at the time of writing.

    Banco Bradesco S.A. (NYSE: BBD)

    Banco Bradesco S.A. (NYSE: BBD) last closed at $3.84, in a 52-week range of $2.67 to $8.38. Analysts have a consensus price target of $6.26. Banco Bradesco S.A. (BBD) has moved up 43.96% from its 52-weeks low and moved down -54.19% from its 52-weeks low. Banco Bradesco S.A.’s market cap has remained high, hitting $33.93 billion at the time of writing.

    Lloyds Banking Group plc (NYSE: LYG)

    Lloyds Banking Group plc (NYSE: LYG) stock drop by 0.00% to $1.35. The most recent rating by Credit Suisse, on July 23, 2020, is at an Outperform. Lloyds Banking Group plc (LYG) share price went from a low point around $1.17 to briefly over $3.58 in the past 52 weeks, though shares have since pulled back to $1.35. LYG market cap has remained high, hitting $24.49 Billion at the time of writing.

    CIT Group Inc. (NYSE: CIT)

    CIT Group Inc. (NYSE: CIT) shares headed rising, higher as much as 2.77%. The most recent rating by Oppenheimer, on July 21, 2020, is at a Perform. CIT Group Inc. (NYSE: CIT) has moved up 125.12% from its 52-weeks low and moved down -44.73% from its 52-weeks low. CIT Group Inc’s market cap has remained high, hitting $2.10 billion at the time of writing.

    New York Community Bancorp Inc. (NYSE: NYCB)

    New York Community Bancorp Inc. (NYSE: NYCB) shares headed rising, higher as much as 1.34%. The most recent rating by Compass Point, on April 14, 2020, is at a Neutral. New York Community Bancorp Inc. (NYCB) share price went from a low point around $7.99 to briefly over $13.79 in the past 52 weeks, though shares have since pulled back to $8.33. NYCB market cap has remained high, hitting $3.86 Billion at the time of writing.

    ICICI Bank Limited (NYSE: IBN)

    ICICI Bank Limited (NYSE: IBN) last closed at $11.38, in a 52-week range of $6.86 to $15.42. Analysts have a consensus price target of $13.65. ICICI Bank Limited (IBN) has moved up 65.89% from its 52-weeks low and moved down -26.20% from its 52-weeks low. IBN’s market cap has remained high, hitting $38.23 billion at the time of writing.

     

     

     

  • 12 Trending Stocks In Banking Industry That Need Your Attention

    The banking industry is in a period of transition and is continuously adopting digitization and new emerging technologies. Technologies such as artificial intelligence and machine learning have recently been adopted by the industry to cope up with the uncertainties brought by the COVID-19. The main focus of the banking industry is the customer and banks try to provide a frictionless experience to its customers.

    There are various trends in the banking industry that are continuously followed by the leading companies of the industry. The trends include the omnichannel strategy for the customer, digital onboarding, artificial-driven decision banking, and innovation through fintech collaboration. These are the few trends that are followed by the banking industry to compete in the fast-growing market.

    Here are the 12 leading companies in the bank regional industry that need your attention:

    Itau Unibanco Holding S.A. (NYSE: ITUB)

    Itau Unibanco Holding S.A. (NYSE: ITUB) shares were trading up 7.02% at $4.27 at the time of writing on Thursday. Itau Unibanco Holding S.A. (NYSE: ITUB) share price went from a low point around $3.47 to briefly over $9.23 in the past 52 weeks, though shares have since pulled back to $4.27. ITUB market cap has remained high, hitting $40.98B at the time of writing, giving it a price-to-sales ratio of more than 1.

    Brazil’s largest lender Itau Unibanco Holding SA has earlier laid off at least 130 employees in its car loan unit. If we look at the recent analyst rating ITUB, Goldman downgraded coverage on ITUB shares with a Neutral rating and a $6.40 price target, which implies room for 2.13% upside momentum this year.

    Banco Bradesco S.A. (NYSE: BBD)

    Banco Bradesco S.A. (NYSE: BBD) last closed at $3.68, in a 52-week range of $2.67 to $8.38. Banco Bradesco S.A. (BBD) has earlier revealed that it has laid off about 70 employees, ending a pledge not to cut jobs during the coronavirus pandemic, a union representing bank employees revealed earlier. This company market capitalization has remained high, hitting $32.51 billion.

    Regions Financial Corporation (NYSE: RF)

    Regions Financial Corporation (NYSE: RF) shares headed rising, higher as much as 2.60%. The most recent rating by Odeon, on September 15, 2020, is at a Buy. Regions Financial Corporation (RF) will participate in the BancAnalysts Association of Boston Conference on Thursday, Nov. 5, 2020. This company market capitalization has remained high, hitting $12.08 billion.

    KeyCorp (NYSE: KEY)

    KeyCorp (NYSE: KEY) last closed at $13.31, in a 52-week range of $7.45 to $20.52. KeyBank Rises to 7th Among Nation’s Top Banks For SBA 7(a) Lending. Analysts have a consensus price target of $13.81. KeyCorp (KEY) KeyBank now ranks 7th nationally among suppliers of 7(a) loans for the SBA’s FY 2020. KeyBank secured $316 million in approved 7(a) dollars over the course of the year.

    Huntington Bancshares Incorporated (NASDAQ: HBAN)

    Huntington Bancshares Incorporated (NASDAQ: HBAN) last closed at $10.03, in a 52-week range of $6.82 to $15.63. Huntington Bank Takes Top Spot Nationally For SBA 7(a) Loan Origination By Volume For Third Consecutive Year. Analysts have a consensus price target of $10.71. Huntington Bancshares Incorporated (HBAN) has a market capitalization of 10.01 billion at the time of writing.

    First Horizon National Corporation (NYSE: FHN)

    First Horizon National Corporation (NYSE: FHN) rose 1.78% after gaining more than $0.19 on Thursday. First Horizon National Corporation (FHN) will announce third-quarter financial results in a news release, financial supplement, and slide presentation, before the market opening on October 23, 2020.

    Carver Bancorp Inc. (NASDAQ: CARV)

    Carver Bancorp Inc. (NASDAQ: CARV) stock soar by 14.26% to $7.53. Carver Bancorp Inc. (CARV) share price went from a low point around $1.25 to briefly over $22.97 in the past 52 weeks. It has moved up 457.60% from its 52-weeks low and moved down -69.66% from its 52-weeks low. This company market capitalization has remained high, hitting $21.23 million at the time of writing.

    ICICI Bank Limited (NYSE: IBN)

    ICICI Bank Limited (NYSE: IBN) rose 1.69% after gaining more than $0.18 on Thursday. ICICI Bank Limited (IBN) share price went from a low point around $6.86 to briefly over $15.42 in the past 52 weeks, though shares have since pulled back to $11.01. IBN market cap has remained high, hitting $36.54 billion at the time of writing.

    U.S. Bancorp (NYSE: USB)

    U.S. Bancorp (NYSE: USB) stock soar by 1.83% to $39.50. The most recent rating by BofA Securities, on October 07, 2020, is at a Neutral. U.S. Bancorp (USB) share price went from a low point around $28.36 to briefly over $61.11 in the past 52 weeks, though shares have since pulled back to $39.50. USB market cap has remained high, hitting $58.26 billion at the time of writing.

    Lloyds Banking Group plc (NYSE: LYG)

    Lloyds Banking Group plc (NYSE: LYG) shares headed rising, higher as much as 2.88%. The most recent rating by Credit Suisse, on July 23, 2020, is at an Outperform. Lloyds Banking Group plc (LYG) stock has fluctuated between the 52-weeks low and high range of $1.17 and $3.58, respectively. It has moved up 20.94% from its 52-weeks low and moved down -60.47% from its 52-weeks low. This company market capitalization has remained high, hitting $25.70 billion at the time of writing.

    Broadway Financial Corporation (BYFC)

    Broadway Financial Corporation (BYFC) stock soar by 3.87% to $1.88. Broadway Financial Corporation (BYFC) share price went from a low point around $ 1.04 to briefly over $7.23 in the past 52 weeks, though shares have since pulled back to $1.88. It has moved up 73.49% from its 52-weeks low and moved down -75.04% from its 52-weeks low.  BYFC market cap has remained high, hitting $36.92 Million at the time of writing.

    Truist Financial Corporation (NYSE: TFC)

    Truist Financial Corporation (NYSE: TFC) shares headed rising, higher as much as 2.45%. The most recent rating by Wolfe Research, on July 31, 2020, is at an Outperform. Truist Financial Corporation (TFC) has moved up 77.93% from its 52-weeks low and moved down -24.95% from its 52-weeks low. This company market capitalization has remained high, hitting $56.24 billion.

  • Top 20 Trending Stocks Of Banking Industry That Need Your Attention

    Top 20 Trending Stocks Of Banking Industry That Need Your Attention

    2020 is going to be an interesting year for the banking industry. The banking sector is continuing to change with the help of new emerging technologies and trying to adjust its strategies to keep pace with fast-moving industries. What can we expect from the banking world for the rest of 2020?

    What to people think the upcoming trend will be in the banking sector? These are the few questions that come in mind when we look at the banking sector.

    Various trends stipulate that the best ways for the bank to protect its profitability and to enhance its efficiency in 2020 is to focus on customer needs. Another thing that needs attention is the adoption of digital banking and digital solutions. The new innovation with the passage of time-proven to be useful in meeting the demands of customers.

    Here some of the booming banking industry stocks you should add to your list:

    Huntington Bancshares Incorporated (NASDAQ: HBAN)

    Huntington Bancshares Incorporated (NASDAQ: HBAN) shares were trading up 2.65% at $9.69 at the time of writing on Wednesday. Huntington Bancshares Incorporated (NASDAQ: HBAN) share price went from a low point around $6.82 to briefly over $15.63 in the past 52 weeks, though shares have since pulled back to $9.69. HBAN market cap has remained high, hitting $9.93B at the time of writing, giving it a price-to-sales ratio of more than 2.

    Huntington Bancshares and Michigan Governor Gretchen Whitmer disclosed a $5 billion, five-year lending, investment, and philanthropic commitment to help improve financial opportunities for Michigan businesses, consumers, and communities.

    If we look at the recent analyst rating HBAN, Wolfe Research initiated coverage on HBAN shares with an Outperform rating and a $10.59 price target, which implies room for 0.9% upside momentum this year.

    Regions Financial Corporation (NYSE: RF)

    Regions Financial Corporation (NYSE: RF) Shares headed rising, higher as much as 1.38%. The most recent rating by Wolfe Research, on July 31, 2020, is at an Outperform. Regions Financial Corporation is planned to participate in the Barclays Global Financial Services Conference Tuesday, Sept. 15. Regions Financial has disclosed Monday it has offered a series of financial services such as payment extension, waiving of certain fees to support the businesses and people in portions of Louisiana, Arkansas, and Texas that were impacted by Hurricane Laura.

    Truist Financial Corporation (NYSE: TFC)

    Truist Financial Corporation (NYSE: TFC) rose 0.61% after gaining more than $0.24 on Wednesday. Truist Awarded $65 Million in New Markets Tax Credit Allocation to Fuel Community Development by the U.S. Treasury Department’s Community Development Financial Institution (CDFI) Fund. It has a 52-weeks low and a high range of $24.01-$56.92, respectively. TFC has traded up 64.14% from its 52-weeks low and traded down -30.76% from its 52-weeks high.

    F.N.B. Corporation (NYSE: FNB)

    F.N.B. Corporation (FNB) last closed at $7.55, in a 52-week range of $5.05 to $12.93. Analysts have a consensus price target of $8.83. Earlier, it has been disclosed that F.N.B Corporation has decided to pay the dividend and if an investor wants to get dividend he must have purchased FNB shares before the 3rd of September. F.N.B’s upcoming dividend is US$0.12 a share, following on from the last 12 months when the company distributed a total of US$0.48 per share to shareholders.  FNB has moved up 49.50% from its 52-weeks low and moved down -41.61% from its 52-weeks high.

    People’s United Financial Inc. (NASDAQ: PBCT)

    People’s United Financial Inc. (NASDAQ: PBCT) stock soar by 0.85% to $10.65. The most recent rating by RBC Capital Mkts, on June 24, 2020, is at a Sector perform. People’s United Financial Inc. has earlier disclosed the formation of the Business Transformation Office (BTO) to support product strategy and management of the bank. It has also announced the addition of two senior executives. Anne Donahue, SVP, New York Regional Wealth Leader, and David Murphy, SVP, Massachusetts Regional Wealth Leader in its regional leadership team. PBCT has moved up 13.66% from its 52-weeks low and moved down -38.15% from its 52-weeks high.

    Sterling Bancorp (NYSE: STL)

    Sterling Bancorp (NYSE: STL) rose 0.95% after gaining more than $0.11 on Wednesday. Sterling National Bank and Cashfac Announce Strategic Business Alliance for Launch of New Escrow Account Platform. After the partnership, the Virtual Bank Technology of Cashfac flagship will be utilized and delivered remotely via cloud. Previously, it has entered into an agreement with iPsoft to introduce the cognitive customer service agent ‘Skye’. The decision is taken to enhance customer satisfaction and to accelerate the digital transformation.

    The PNC Financial Services Group Inc. (NYSE: PNC)

    The PNC Financial Services Group Inc. (NYSE: PNC) last closed at $112.40, in a 52-week range of $79.41 to $161.79. PNC Bank Celebrates 10th Annual Women In Business Week. Analysts have a consensus price target of $114.58. PNC Treasury Management earlier disclosed it has enhanced its payment offerings by adding push-to-debit card capabilities, called Direct to Debit Card. It has moved up 41.54% from its 52-weeks low and moved down -30.53% from its 52-weeks high.

    Cadence Bancorporation (NYSE: CADE)

    Cadence Bancorporation (NYSE: CADE) Shares headed rising, higher as much as 2.58%. The most recent rating by Keefe Bruyette, on August 19, 2020, is at an Outperform. Cadence Bancorporation (NYSE: CADE) has announced Tuesday that it has named Myra Caldwell as its Chief diversity officer. Its market capitalization has remained high, hitting 1.22 billion at the time of writing.

    Comerica Incorporated (NYSE: CMA)

    Comerica Incorporated (NYSE: CMA) last closed at $40.18, in a 52-week range of $24.28 to $73.43. Analysts have a consensus price target of $40.40. Comerica Incorporated (CMA) has revealed earlier that it has joined the Partnership for Carbon Accounting Financials (PCAF). PCAF is striving to offer a consistent and transparent approach to assess and disclose greenhouse gas (GHG) emissions associated with loans and investments in the financial services industry.

    CIT Group Inc. (NYSE: CIT)

    CIT Group Inc. (NYSE: CIT) stock drop by -0.77% to $19.31 after Consumers focus on saving and evolve spending habits. The most recent rating by Oppenheimer, on July 21, 2020, is at a Perform. CIT Group Inc. (CIT) has revealed earlier that it has concluded the sale of wealth management business to FirstSun Capital Bancorp. This deal support CIT Group to focus on its core strengths and to enhance its capability to meet client’s expectations.

    KeyCorp (NYSE: KEY)

    KeyCorp (NYSE: KEY) last closed at $12.71, in a 52-week range of $7.45 to $20.52. Analysts have a consensus price target of $13.91. It has traded up $7.45 from its 52-weeks low and traded down $20.52 from its 52-weeks high. Its market capitalization has remained high, hitting $12.31 billion.

    U.S. Bancorp (NYSE: USB)

    U.S. Bancorp (NYSE: USB) stock soar by 2.51% to $37.61. The most recent rating by Wolfe Research, on July 31, 2020, is at an Outperform. U.S. Bancorp (NYSE: USB) share price went from a low point around $28.36 to briefly over $61.11 in the past 52 weeks. USB market cap has remained high, hitting $56.26B at the time of writing.

    Citizens Financial Group Inc. (NYSE: CFG)

    Citizens Financial Group Inc. (NYSE: CFG) last closed at $26.79, in a 52-week range of $14.12 to $41.29. Analysts have a consensus price target of $29.58. Looking at its profitability, it has a return on assets of 0.60%, return on equity of 5.30%, and return on investment of 10.80%. CFG has moved up 89.73% from its 52-weeks low and moved down -35.12% from its 52-weeks high.

    Fifth Third Bancorp (NASDAQ: FITB)

    Fifth Third Bancorp (NASDAQ: FITB) stock soar by 2.09% to $21.28. The most recent rating by Wolfe Research, on July 31, 2020, is at an Outperform. Fifth Third Bancorp market cap remained high, hitting 15.04 billion at the time of writing. This company’s stock has fluctuated between the low of $11.10 and a high of $31.64. It has moved up 91.76% from its 52-weeks low and moved down -32.73% from its 52-weeks high.

    New York Community Bancorp Inc. (NYSE: NYCB)

    New York Community Bancorp Inc. (NYSE: NYCB) Shares headed rising, higher as much as 1.69%. The most recent rating by Compass Point, on April 14, 2020, is at a Neutral. New York Community Bancorp Inc. (NYSE: NYCB) share price went from a low point around $8.19 to briefly over $13.79 in the past 52 weeks, though shares have since pulled back to $9.04. NYCB market cap has remained high, hitting $4.19B at the time of writing.

    First Horizon National Corporation (NYSE: FHN)

    First Horizon National Corporation (NYSE: FHN) rose 0.63% after gaining more than $0.06 on Wednesday. First Horizon National Corporation has a 52-weeks low and high range of $6.27 and $17.42, respectively. It has moved up 52.95% from its 52-weeks low and moved down -44.95% from its 52-weeks high. Looking at its profitability, it has return on assets of 0.60%, returns on equity of 6.20%, and return on investment of 18.80%

    Umpqua Holdings Corporation (NASDAQ: UMPQ)

    Umpqua Holdings Corporation (NASDAQ: UMPQ) Shares headed rising, higher as much as 2.68%. The most recent rating by Piper Sandler, on June 19, 2020, is at a Neutral. Umpqua Holdings Corporation (NASDAQ: UMPQ) total market capitalization has remained high, hitting 2.58 billion at the time of writing.

    Zions Bancorporation National Association (NASDAQ: ZION)

    Zions Bancorporation National Association (ZION) stock soar by 0.64% to $32.39. The most recent rating by Wolfe Research, on July 31, 2020, is at an Underperform. Zions Bancorporation National Association (ZION) revealed it has scheduled to present at Barclays Global Financial Services Conference on Tuesday, September 15. Its market capitalization remained high, hitting 5.35 billion at the time of writing.

    Valley National Bancorp (NASDAQ: VLY)

    Valley National Bancorp (NASDAQ: VLY) rose 1.86% after gaining more than $0.14 on Wednesday. Valley National Bancorp (NASDAQ: VLY) has a 52-weeks low and high range of $6.00 and $12.14, respectively. It has moved up 27.67% from its 52-weeks low and moved down -36.90% from its 52-weeks high. This company’s total market capitalization is 3.16 billion.

    First Republic Bank (NYSE: FRC)

    First Republic Bank (NYSE: FRC) Shares headed rising, higher as much as 0.90% after First Republic Bank Declares Dividends on Four Series of Perpetual Preferred Stock for Third Quarter 2020. The most recent rating by Wolfe Research, on July 31, 2020, is at an Outperform.