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- MarketLine Department
People's United Financial Inc - Strategy, SWOT and Corporate Finance R...
Summary People's United Financial Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights People's United Financial Inc (People's United) is a bank-holding company that offers retail and commercial banking, wealth management, and treasury solutions through its subsidi...
- Jim Sinegal
M&T Benefits From Rising Rates, but Growth Disappoints in First Quarte...
Narrow moat M&T reported a 9.15% return on total shareholders’ equity in the first quarter of 2018. Rising interest rates contributed to a widening of the net interest margin from 3.34% to 3.71% over the past 12 months and a 7% increase in GAAP net interest income over the same time frame. M&T recorded $135 million in litigation expenses during the quarter, but other noninterest expenses rose by just 1%. The legal spending contributed to a subpar GAAP efficiency ratio of 65%. Excluding t...
- Jim Sinegal
Fed Tightens Again in a Bet on Economic Momentum
The Federal Reserve Open Market Committee raised its target for the federal-funds rate to 1.5%-1.75%, in the belief that momentum in the economy will continue to push inflation closer to its 2% objective over the months to come. However, the central bank noted that inflation remained below 2% over the past 12 months in spite of job gains and a low unemployment rate, and that forward-looking market inflation expectations remain modest. The Fed also noted that growth in both household spending and...
- Jim Sinegal
Fed Bides Its Time as Inflation Lags Economic Growth
The Federal Reserve Open Market Committee highlighted continued growth in employment, household spending, and business fixed investment in its latest statement, as the central bank chose to maintain its federal-funds rate target at 1.25%-1.5%. Inflation measures continue to remain below 2% despite the strength of the economy—the sole contributor to the cautious stance, in our view. However, market inflation expectations have risen slightly recently, and the newly passed tax cuts seem set to st...
- Jim Sinegal
M&T Executes on All Fronts in the Second Quarter, but We Balk at Its L...
Narrow moat M&T Bank generated a 13.61% reported operating return on average tangible assets in the first half of 2017. We are slightly increasing our fair value estimate to $133 per share based on the time value of money since our last update and a modest increase in our operating leverage expectations. M&T benefited from a rising interest-rate environment, with net interest margin expanding from 3.13% to 3.45% on a taxable-equivalent basis over the last 12 months. As of the company’s...
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