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People's United Financial Inc. Message Board

  • abanks01 abanks01 Aug 5, 1998 9:10 PM Flag


    I know the market is terrible but PBCT started
    dropping before
    the correction. I think the investing
    public is concerned that
    a major bank will move into
    Connecticut and destroy
    us. We can not be taken over and
    probably can't compete with a

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    • Be aware as you look at people's earnings that
      they were not as good as they appeared. The earnings
      included 0.15/shr in trading gains and 0.05/shr on the
      sale of credit card balances. People's is seeing the
      interest rate spread shrink and may be hard pressed to
      keep up the EPS trend, especially if they are unable
      to increase the trading gains. With the current
      market situation trading gains may be hard to come by.
      If the interest rate spread tightens more they may
      have to increase fees (customer reactions to this may
      be interesting as they have picked up so may people
      because of other banks raising fees--Fleet & First
      Union). Although People's has not raised fees they are
      putting a lot of pressure on branch managers to collect
      the fees they currently have in place--have you tried
      to get a fee waived recently, you better have a very
      reason or forget it.

    • Help we're falling and can't get up!

15.42-0.03(-0.19%)May 22 3:59 PMEDT