NEW YORK, NY--(Marketwire - Mar 7, 2013) - The U.S. Banking Industry has benefited from a slowly, but steadily improving economy over the past few years. Recent data has shown that U.S. banks posted their second highest earnings on record in 2012. The SPDR KBW Regional Banking ETF (KRE) and the SPDR KBW Bank ETF (KBE) over the past year have posted gains of 15 percent and 19 percent, respectively. Five Star Equities examines the outlook for companies in the Regional Banking Industry and provides equity research on Huntington Bancshares Inc. (
Access to the full company reports can be found at:
The Federal Deposit Insurance Corp. reported that 2012 full year earnings for U.S. banks totaled $141.3 billion, an increase of $22.9 billion (19.3 percent) when compared to a year ago. Earnings for U.S. banks reached their peak in 2006 with $145.2 billion. The earnings growth in 2012 was largely attributed to a decrease in capital set aside for loan losses, the FDIC stated. Earnings for the fourth quarter grew 36.9 percent year-over-year to $34.7 billion.
"On the positive side, income has been rising for more than three years; asset quality has been improving for more than two years; and for over a year, banks have been lending more in support of a recovering U.S. economy," FDIC Chairman Martin Gruenberg said in a statement.
Five Star Equities 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.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Huntington Bancshares currently offers investors an annual dividend of $0.16 a share for a dividend yield of approximately 2.2 percent. Over the past year shares of the company are up roughly 30 percent. Huntington reported a net income and earnings per share of $167.3 million and $0.19 for the fourth quarter of 2012.
Synovus' bank divisions provide commercial and retail banking, investment and mortgage services to customers in Georgia, Alabama, South Carolina, Florida and Tennessee. The company currently offers an annual dividend of $0.04 a share for a dividend yield of approximately 1.5 percent. Shares of Synovus have surged over 40 percent in the past year.
Five Star Equities 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. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer