SOURCE: Paragon Financial Limited

Paragon Financial Limited

July 27, 2012 08:20 ET

Regional Banks Posting Strong Results Despite Global Economic Slowdown

The Paragon Report Provides Stock Research on New York Community Bancorp and U.S. Bancorp

NEW YORK, NY--(Marketwire - Jul 27, 2012) - After an impressive start top the year the financial sector has cooled off considerably in the second quarter. The Financial Select Sector SPDR ETF (XLF) has fallen over 7 percent in the last three months, but is still up nearly 9 percent for the year. Regional banks have outperformed their larger counterparts in recent weeks with a string of better-than-expected earnings. The Paragon Report examines investing opportunities in the regional Banking Industry and provides equity research on New York Community Bancorp, Inc. (NYSE: NYB) and U.S. Bancorp (NYSE: USB).

Access to the full company reports can be found at:

www.ParagonReport.com/NYB

www.ParagonReport.com/USB

Banks have been posting stronger earnings and quarterly results than the previous quarter and the prior year KBW analysts have said. According to KBW's bank earnings round-up 46 of the 64 banks, 72 percent, have beat expectations. The 72 percent "beat rate" compares to last quarter's 67 percent rate and 69 percent in the year-ago-quarter. Despite posting stronger quarterly results banks shares have stagnated. The SPDR KBW Regional Banking ETF (KRE) has seen no change in the last month.

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 www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

With assets of $43.0 billion at March 31, 2012, New York Community Bancorp, Inc. is currently the 21st largest bank holding company in the nation. The company currently offers investors an annual dividend of $1.00 per share for a yield of 7.9 percent. For the second quarter of 2012 New York Community Bancorp reported GAAP earnings of $131.2 million, or $0.30 per diluted share.

U.S. Bancorp, with $353 billion in assets as of June 30, 2012, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. Net income attributable to U.S. Bancorp was $1,415 million for the second quarter of 2012, 17.6 percent higher than the $1,203 million for the second quarter of 2011 and 5.8 percent higher than the $1,338 million for the first quarter of 2012.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

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