SOURCE: StockCall

StockCall

October 15, 2010 08:51 ET

Equity Research on CIT Group Inc. and Synovus Financial Corp. - Mid Atlantic Banks Stabilize With Improved Lending

JOHANNESBURG, SOUTH AFRICA--(Marketwire - October 15, 2010) -  www.stockcall.com/ offers investors comprehensive research on the regional - mid-Atlantic banks industry and has completed analytical research on CIT Group Inc. (NYSE: CIT) and Synovus Financial Corp. (NYSE: SNV). Register with us today at www.stockcall.com/ to have free access to these researches. 

Mid Atlantic banks, like many regional banks, are benefiting from a continued effort to improve credit checks. The efforts to improve don't appear to be finished yet. The Federal Reserve recently noted that credit checks have improved significantly since 2009 but that they still remain weak in its opinion. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the regional - mid-Atlantic banks industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the regional - mid-Atlantic banks industry can have easy and free access to our analyst research and opinions on CIT Group Inc. and Synovus Financial Corp.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

The improvements in credit checks have led to many short-term benefits. The decrease in delinquent loans has had a stabilizing effect on banks. Stronger lending policies have also improved profit margins by decreasing loan losses. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

Despite the strides Mid Atlantic banks have made in the short-term, there are concerns about long-term growth. The combination of a recovering economy and improved credit checking has adversely affected the quantity of loans that banks are issuing. Companies in general have cut capital spending and high unemployment figures suggest that those investments, and the loans needed for them, will not be returning soon.

Overall, continued efforts to improve lending policies have provided much needed short-term stability for Mid Atlantic banks such as CIT Group Inc. and Synovus Financial Corp. However, the fact that many banks are issuing fewer loans now while economic recovery remains uncertain does not bode well for them in the long-term. CIT Group Inc. and Synovus Financial Corp. research reports are accessible for free by registering today at www.stockcall.com/CIT151010.pdf or www.stockcall.com/SNV151010.pdf

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