Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Legg Mason Keeps 'Sell' on Commerce Bancorp

Legg Mason reiterates sell on Commerce Bancorp (CBH).

Analyst Adam Barkstrom says the ratio of investment securities to assets now totals 56% of total assets at Commerce. He says his concern centers Commerce's reduction of tangible equity levels through reducing its available-for-sale gain on the company's bond portfolio, as the 10-year Treasury yield continues to climb.

Barkstrom notes this is exacerbated by the fact that Commerce is a high-growth story with very thin capital levels, which he thinks will force Commerce to slow growth, or, more likely, raise equity capital.

blog comments powered by Disqus