Bank (Midwest) industry
Article Abstract:
The Midwestern banking industry has reacted to concerns about the emerging markets overseas and the US economic slowdown, and many bank stock prices have declined during the 3rd qtr of 1998. Bank mergers should also increase in 1999, and many banks are also focusing their efforts on non-interest income areas to ensure efficiency and profit gains. These stocks have only average timeliness in 1998 and are below average for the years 2001-2003.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
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Bank industry
Article Abstract:
Trading results and loan lossses from the emerging nation markets hurt US bank earnings in the 3rd qtr of 1998, but the economic environment for industry has improved since then. Industry observers believe that service and geographic diversity, along with cost reductions, resulting from merger activity will help bank earnings in the future. There are many opportunities for long-term investors among bank stocks in 1998 and 1999.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Bank (Midwest) industry
Article Abstract:
Stock valuations for Midwestern banks have increased tremendously in the 1990s, and have ceased to be compelling investments and have limited appeal through the years 2001-2003. Non-lending and fee-based operations have diversified the revenue mix for banks, and loan growth has increased with the steady and stable interest rate environment. Investors need to remain cautious when evaluating these stocks for future commitment.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
User Contributions:
Comment about this article or add new information about this topic: