SOURCE: Paragon Financial Limited

Paragon Financial Limited

August 24, 2012 08:20 ET

Lending From U.S. Banks at the Highest Levels Since the End of the Recession

The Paragon Report Provides Stock Research on SunTrust Banks and Synovus Financial

NEW YORK, NY--(Marketwire - Aug 24, 2012) - Regional Banking stocks have been some of the strongest performers on the markets despite facing a slowing global economy. The SPDR S&P Regional Banking ETF (KRE) is up roughly 14 percent in 2012 as investor optimism continues to improve within the sector. The Paragon Report examines investing opportunities in the Regional Banking Industry and provides equity research on SunTrust Banks, Inc. (NYSE: STI) and Synovus Financial Corp. (NYSE: SNV).

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Results from a Federal Reserve survey, released earlier this month, have shown that U.S. banks have relaxed their lending standards on credit cards and lending for autos and commercial real estate in the second quarter. Despite facing an economy bearing unemployment rate of 8.3 percent, lending from U.S. banks are at the highest levels since the end of the recession.

While foreign bank branches have tightened their lending standards, "domestic banks reported that their business had increased due to decreased competition from European banks and that they remain willing to accommodate additional such business," the Fed said.

The 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 and get exclusive access to our numerous stock reports and industry newsletters.

SunTrust Banks is one of the nation's largest banking organizations. As of June 30, 2012, SunTrust had total assets of $178.3 billion and total deposits of $128.4 billion. The company's Board of Directors has declared a regular quarterly cash dividend of $0.05 per common share. The dividend is payable on September 14, 2012, to shareholders of record at the close of business on August 31, 2012.

Synovus is a financial services company with $27 billion in assets based in Columbus, Georgia. The company reported a Net income of $24.8 million for the second quarter of 2012, a 16.1 percent increase compared to net income of $21.4 million for the first quarter of 2012 and a net loss of $53.5 million in the second quarter of 2011.

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