Industry News

OTC Markets Group Inc., operator of financial markets for 10,000 U.S. and global securities, today announced Electrovaya Inc., a company which designs, develops and manufactures Lithium Ion batteries and systems, has qualified to trade on the OTCQX ® Best Market. Electrovaya upgraded to OTCQX from the Pink ® market. Electrovaya begins trading today on OTCQX under the symbol "EFLVF.""/>
OTC Markets Group Welcomes Electrovaya to OTCQX
ConnectOne Bancorp, Inc., parent company of ConnectOne Bank, today announced results for the second quarter ended June 30, 2016. The Company reported net income available to common stockholders of $10.9 million, or $0.36 per diluted share, compared with net income available to common stockholders of $10.4 million, or $0.34 per diluted share, for the first quarter of 2016 and $10.5 million, or $0.35 per diluted share, for the second quarter of 2015.."/>
ConnectOne Bancorp, Inc. Reports Record Net Income for Second Quarter 2016
South State Corporation today released its unaudited results of operations and other financial information for the three-month and six-month period ended June 30, 2016. Highlights of the second quarter 2016 include the following:. This Smart News Release features multimedia."/>
South State Corporation Reports Second Quarter Net Income; Increases Quarterly Cash Dividend
Zions Bancorporation announced today that its board of directors declared a regular quarterly dividend of $0.08 per common share. The dividend is payable August 25, 2016 to shareholders of record on August 18, 2016. Zions also announced today that the board has authorized the commencement of its stock buyback program, including $45 million in the third quarter of 2016."/>
Zions Bancorporation Board Declares Dividends And Authorizes Common Equity Repurchase
Synchrony Financial today announced second quarter 2016 net earnings of $489 million, or $0.58 per diluted share. Highlights for the quarter included:. Net interest income increased 10% from the second quarter of 2015 to $3.2 billion Loan receivables grew $7 billion, or 11%, from the second quarter of 2015 to $68 billion Purchase volume increased 9% from the second quarter of 2015 Strong deposit growth continued, up $9 billion, or 23%, over the second quarter of..."/>
Synchrony Financial Reports Second Quarter Net Earnings of $489 Million or $0.58 Per Diluted Share
Capitol Federal Financial Inc authorised a quarterly cash dividend of USD0.085 per share on the company's outstanding common stock, it revealed on Thursday. This dividend will be paid on 19 August 2016 to stockholders of record as of the close of business on 5 August 2016.. Also, the company stated that its financial results for the quarter ended 30 June 2016, will be released on 28 July 2016 before the market opens."/>
Capitol Federal Financial declares quarterly dividend of USD0.085 per share
Eagle Bancorp, Inc., the parent company of EagleBank, Bethesda, Maryland, announced that on July 21, 2016 it had set the price for its public offering of $150.0 million of its 5.00% Fixed-to-Floating Rate Subordinated Notes due 2026. The Notes will initially bear interest at 5.00% per annum, payable semi-annually in arrears, commencing on the issue date, to, but excluding, August 1, 2021, and, thereafter, payable quarterly in arrears, at an annual floating rate..."/>
Eagle Bancorp, Inc. Announces Pricing and Upsizing of Subordinated Notes Offering
SunTrust Banks, Inc. reported net income available to common shareholders of $475 million, or $0.94 per average common diluted share. This quarter was favorably impacted by $0.05 per share of discrete benefits. Earnings per share increased 12% compared to the prior quarter and 6% compared to the second quarter of 2015."/>
SunTrust Reports Second Quarter 2016 Results
Banks see small net profit drop [Bangkok Post, Thailand]
Associated Banc-Corp today reported net income available to common equity of $47 million, or $0.31 per common share, for the quarter ended June 30, 2016. This compares to net income available to common equity of $40 million, or $0.27 per common share, for the quarter ended March 31, 2016.. "This quarter's results demonstrated our ability to grow in a challenging environment."/>
Associated Banc-Corp Reports Second Quarter Earnings of $0.31 per share
Hemfosa Fastigheter AB on Thursday reported profit after tax of SEK703m, or EPS of SEK4.62, for the quarter April 2016 to June 2016.. This was in comparison with profit after tax of SEK670m, or EPS of SEK4.62, in the corresponding quarter of the prior year. Profit from property management for the quarter totaled SEK352m, or SEK2.23 per share, as compared with profit of SEK346m, or EPS of SEK2.36, in the corresponding quarter of the prior year."/>
Hemfosa Fastigheter reports profit of SEK703m
Hemfosa Fastigheter AB on Thursday reported profit after tax of SEK703m, or EPS of SEK4.62, for the quarter April 2016 to June 2016.. This was in comparison with profit after tax of SEK670m, or EPS of SEK4.62, in the corresponding quarter of the prior year. Profit from property management for the quarter totaled SEK352m, or SEK2.23 per share, as compared with profit of SEK346m, or EPS of SEK2.36, in the corresponding quarter of the prior year."/>
Hemfosa Fastigheter reports profit of SEK703m
Associated Bank to remodel and move into Red Wing branch
People's United Financial Inc on Thursday disclosed for the second quarter of 2016 a net income of USD68.5m or USD0.23 per share, increased from the net income of USD61.7m or USD0.20 per share in the second quarter of 2015.. The company's second quarter net interest income was USD240.0, up from the net interest income of USD230.4m in the same quarter last year. Total non-interest income was USD85.4, increased from the total non-interest income of USD83.0m in the 2015 second..."/>
People's United Financial reports increased net income for Q2 2016 year over year
Merchants Bancshares Inc on Thursday revealed that for the second quarter of 2016 its net income was USD4.4m or USD0.63 per diluted share, up from the net income of USD3.1m or USD0.49 per diluted share in the second quarter of 2015.. Net interest income on a fully-taxable basis for the second quarter was USD14.4m, higher compared to the net interest income of USD12.3m for the same period in 2015. The increases in net interest income reflected higher average loan balances."/>
Merchants Bancshares reports higher net income for Q2 2016 and dividend of USD0.28 per share
Pennsylvania Real Estate Investment Trust authorised a quarterly common stock cash dividend of USD0.21 per share, the company revealed on Thursday. This 158th consecutive dividend will be paid on 15 September 2016 to shareholders of record on 1 September 2016.. Also, the board approved quarterly cash dividends of USD0.515625 and USD0.460938 per share on the company's 8.25% series A and 7.375% series B cumulative redeemable perpetual preferred..."/>
PREIT announces common and preferred stock dividends for quarter
State Bank of India said that it has signed a memorandum of understanding with Brookfield Asset Management to purchase distressed assets. Brookfield will commit a little more than a billion dollars to the fund and SBI will contribute up to 5% of the total investments by the fund."/>
Funds chase stressed assets down the rabbit hole [Mint, New Delhi]
Moody's Investor Services. Growing at a fast clip of 10.6% a year, the external debt of emerging economies has tripled over the last decade to $8.2 billion in 2015, said the global rating agency in a report on Thursday. Moody's studied 83..."/>
Emerging economies become vulnerable as foreign debt rises [Mint, New Delhi]
Axis Bank Ltd reduced its base rate by 10 basis points to 9.35% per annum. One basis point is one-hundredth of a percentage point. The impact of this rate change will be only on those borrowers who have taken a loan on base rate."/>
One-minute guide: Interest rate on home loans [Mint, New Delhi]

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