NEW YORK, NY--(Marketwire -06/14/12)- After posting their best first quarter in five years the U.S. Banking Industry has begun to falter as the euro-zone debt crisis deepens. The SPDR KBW Bank ETF (KBE) has fallen nearly 8 percent over the last month, while the SPDR KBW Regional Banking ETF (KRE) dropped close to 7 percent over the same period. The Paragon Report examines investing opportunities in the Regional Banking Industry and provides equity research on Fifth Third Bancorp (FITB) and Regions Financial Corporation (RF).
The Federal Deposit Insurance Corp. (FDIC) will be joining the Federal Reserve in proposing stricter capital rules to help prevent another financial crisis. Under the new rules proposed by the FDIC the minimum capital held by U.S. banks, to help cushion the blow from unexpected losses, will increase from 2 percent to 7 percent. U.S. banks, which nearly all already meet the criteria, have lobbied against the proposals, arguing that setting aside that much capital would limit their lending abilities. "We are taking important steps toward enhancing the safety and soundness of the U.S. financial system," said U.S. Comptroller of the Currency and FDIC member Thomas Curry.
Paragon Report releases regular market updates on the Regional Banking Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Fifth Third Bancorp is a diversified financial services company. As of March 31, 2012, the Company had $117 billion in assets and operated 15 affiliates with 1,315 full-service banking centers. The company reported a first quarter 2012 net income available to common shareholders of $421 million vs. $305 million in 4Q11 and $88 million in 1Q11.
Regions Financial Corporation, with $127 billion in assets, is a member of the S&P 500 Index and one of the nation's largest full-service providers of consumer and commercial banking, wealth management, mortgage and insurance products and services. Regions reported first quarter net income available to common shareholders of $145 million or $0.11 per diluted share, driven by continued execution of the company's business plans.
Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
- Regions Financial Corporation
- Fifth Third Bancorp