SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Jul 12, 2012) - Regional bank stocks have outperformed the "big banks" in recent months as they have been less affected by the current euro crisis and stricter regulatory environment. The SPDR KBW Bank ETF (KBE) has fallen over nearly 6 percent over the last three months while the SPDR KBW Regional Banking ETF (KRE) has seen a 1.3 percent fall over the same period. The Paragon Report examines investing opportunities in the Regional Banking Industry and provides equity research on Comerica Inc. (NYSE: CMA) and Regions Financial Corp. (NYSE: RF).
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"Mid cap regional bank stocks are down 6% on average over the past quarter due to a return of concerns pertaining to global macroeconomic events. Due to their lack of direct exposure to these risks and favorable relative positioning in the new regulatory paradigm, we continue to see several attractive opportunities," said Stephen Scinicariello, UBS analyst.
Big banks have been shying away from lending allowing regional banks to pick up new customers. Recent data collected from Bloomberg showed that in the first quarter total loans for the 4 biggest banks in the U.S. dropped 4.9 percent to $3.04 trillion, while lending by regional banks increased 9.8 percent to $1.27 trillion.
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Comerica is scheduled to release its second quarter 2012 earnings prior to the market opening on Tuesday, July 17, 2012. The company reported first quarter 2012 net income of $130 million, an increase of $34 million compared to $96 million for the fourth quarter 2011. Comerica reported total assets of $62.6 billion at March 31, 2012.
Regions Financial Corporation, with $128 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. The company is scheduled to release its second quarter 2012 earnings on Tuesday, July 24, 2012. Shares of Regions Financial have soared over 50 percent year-to-date.
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