SOURCE: The Bedford Report

The Bedford Report

October 11, 2010 08:46 ET

Regional Banks See Weak Loan Growth Overshadow Improving Credit Quality

The Bedford Report Provides Analyst Research on Bank of America and CIT Group

NEW YORK, NY--(Marketwire - October 11, 2010) - Regional Banks have been mounting somewhat of a comeback in 2010. One of the factors generating optimism has been the modest improvements in credit quality. Last month The Federal Reserve observed that the credit quality of large loans that US banks were committed to make in 2010 was still weak but not as bad as in 2009. More thorough and cautious credit checks have led to fewer delinquent loans and greater financial stability. As such, Banks are setting aside less money to cover bad loans, and some are seeing loan losses recede. Meanwhile, their funding costs are dropping as depositors have become more willing to accept lower rates on their money. The Bedford Report examines the outlook for companies in the Mid-Atlantic Regional Banking Industry and provides research reports on Bank of America Corporation (NYSE: BAC) and CIT Group, inc. (NYSE: CIT). Access to the full company reports can be found at:

While the improving margin helped narrow losses and boost profits among the regional banks, long-term growth worries still loom. According to recent quarterly earnings released by banks such as Bank of America and many of its industry peers, loan growth has steadily declined due to economic uncertainties. As evident from the high unemployment numbers, companies are not hiring at the pace most expected this year, while capital spending is way down.

The Bedford Report releases regular market updates on the Regional Banks 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 for free at and get exclusive access to our numerous analyst reports and industry newsletters.

In September banks found out they will face yet another hurdle as regulatory officials from 27 countries have come up with a new set of capital standards known as Basel III. According to the Basel Committee on Banking Supervision, Basel III will set a tougher standard for the quality of capital as well as the assessment of risks on a bank's balance sheet.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford 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

Contact Information