Barrons: Regional Banks Set for Strong Q3 Fee Income
Favorable comments in today's Barrons:
Credit Suisse cites BB&T, Fifth Third, Fulton, M&T, Regions and SunTrust.
We believe several banks were more positive than we previously expected including BB&T (ticker: BBT), Comerica (CMA), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), TCF Financial (TCB), Zions Bancorp (ZION) on third-quarter aggregate lending trends, while others were modestly more cautious including First Horizon National (FHN), Fulton Financial (FULT), Regions Financial (RF) and SunTrust Banks (STI).
While each company's commentary was slightly different, managements largely attributed growth to larger-case commercial and industrial (C&I) loans, and some experienced less seasonality than expected in auto/floor plan.