Posted by Ken Jones at 7:11 AM. Since its stock listing in October, Aston Martin has struggled to find its footing as a publicly traded company. Takeover talk is predictable with the S&P/ASX 200 Accumulation index down almost 18% this year and the Australian dollar well down on a year ago. Print. Register now. Shares of Regions Financial Corp. (NYSE: RF) surged more than 5% on Wednesday on speculation that the regional lender could be a takeover target of PNC Financial Services Group Inc. (NYSE: PNC). Capital & Regional’s shares bounced 26 per cent to 26.35p on news of the deal, having already risen 6.3 per cent since talks were announced in September. Eric J. Savitz. Regional banks were some of the highest rising stocks in the S&P 500 index, helped by speculation that some may be takeover targets for overseas financial groups. Simon Foy. Virgin Australia Regional Network Not Suitable For REX Saab Takeover. Shares of Regions Financial Corp. (NYSE: RF) are 3 percent higher on heavier-than-normal volume today on renewed speculation the company could be the target of a takeover. This week, management of Taiwanese retail giant Ruentex Group and others were found to have purchased CTBC Financial shares in large volumes, giving rise to speculation of a potential takeover. If McKinsey’s forecast is anything to go on, now is the time to start evaluating potential takeover targets in the banking sector. Overreaction to takeover speculation. Speculation is mounting that Regis Healthcare is weighing a plan to follow in the footsteps of other takeover targets and spin off its real estate platform as part of a defensive play. by Laura Hoy. 0. By Antrenise Cole CALGARY — It's business as usual for oilsands producer MEG Energy Corp., its CEO says, despite speculation it could be a takeover target in the wake of the $3.8-billion buyout of Husky Energy Inc. announced by Cenovus Energy Inc. on Sunday. October 23, 2019 UTC: 12:00 AM. ... Just how invested the school is in Regions Financial Corporation is hard to say but with the bank seeing an almost 40 percent decline in its share price in 2011 it is not hard to potentially … FTSE indices . The challenges have prompted speculation about the carmaker becoming a takeover target. With $5.6 billion in cash on the balance sheet, PNC’s management could be looking to increase its presence by acquiring one of its smaller peers. With M&A Ahead, These 5 Bank Stocks Could Be Takeover Targets. Today's news; Regulatory … Another bank stock to have on your radar is Pittsburgh’s PNC Bank (NYSE:PNC), which will lose its position as the ninth-largest bank by assets … Photo: Alberto Pezzali/NurPhoto via Getty Images. China’s most famous businessman, billionaire Jack Ma, surfaced at an online conference Wednesday, months after his disappearance from the public eye fueled speculation that he may have run afoul of the law. Find the latest Regions Financial Corporation (RF) stock discussion in Yahoo Finance's forum. By. 9.64. EFG International has … Centerra Gold comments on Kumtor takeover speculation ... said Thursday April 26 that in response to market speculation, it has released a statement regarding an unsolicited offer from Chaarat Gold Holdings Ltd., which recently offered to acquire Centerra’s Kumtor gold mine in the Kyrgyz Republic. 3 minute read; Advertisement: Australian carrier, Regional Express, has moved to slap down speculation it is interested in non-core regional routes flown by Virgin Australia. Share to Twitter Share to Facebook Share to Pinterest. BUSINESS CLOSE: Inflation rate rises to 0.7%; RSA Insurance agrees £7.2bn takeover; Halfords profits more than double; pound at $1.33. Russian recognition of those regions and Russian military presence in both … If you are interested in www.streetinsider.com content, APIs are available. The Switzerland-listed wealth management firm dismissed talk that the Alpine state's third-largest bank was planning to take it over. On some exchanges with cheap stocks, speculative trades are the primary trades happening. Part of the reason for that has been a lack of necessity— most banks aren’t willing to give up their own identity for the sake of a merger unless they’re in a tight spot. JavaScript needs to be enabled to complete CAPTCHA. In the case of IBCP, however, the huge volume and almost 400% price gain in a month seems to suggest that some investors are expecting a takeover. Burberry had no immediate comment on the speculation. Banks in Louisiana, Mississippi, and Tennessee also have tallied substantial gains. Back then, Deloitte analysts pointed to lower valuations and merger-friendly tax reform as reasons for more consolidation within the sector; but so far those predictions haven’t materialized. | Credit: Reuters/Brendan McDermid, Deloitte forecast at the beginning of 2019, 3 Reasons Why the Invesco ETF (QQQ) Can Outperform the Stock Market This Week, The U.S. Yield Curve Tells Us That a Devastating Recession Is Unavoidable. Start your journey here News and Prices. a long … "It's takeover … With those criteria in mind, there are a handful of regional bank stocks to consider. Bank stocks with low ROE could be open to a sale, as they would see the most benefit from the cost synergies that the new organization would provide. finance; markets; australian markets; Australian sharemarket surges higher, with a takeover target and Domino’s Pizza among winners. Regions Financial Scheduled To Participate In The Bank Of America Securities Future Of Financials Conference. The speculation sent shares in the wind farm operator’s shares soaring after its 65 per cent shareholder said it would review its holding after receiving approaches. http://www.streetinsider.com/signup_content.php. Share. According to Sky News, Flybe has been struggling to secure fresh finance. The firm pointed to rising competition for customers, as fintech gains momentum and big names like Amazon (NASDAQ:AMZN) start to poach would-be customers. for a 34% premium to Thursday's closing price illustrates just how hot the market is getting for regional M&A. Email This BlogThis! As you were browsing www.streetinsider.com something about your browser made us think you were a bot. Especially given the bank spent much of 2011 with swirling speculation that it was a takeover target and as its share price sank rather unceremoniously. Many believed it would pave the road for more M&A activity among bank stocks, but so far there’s been little movement on that front. The speculation has happened at a time when the country's highly fragmented market is considered ripe for consolidation. The quarterly review of economics and finance (1996) Terry L. Zivney, Bond University; Will J. Bertin; Khalil M. Torabzadeh; Abstract. The FTSE 100 is supported by further talk of mergers and acquisitions, with the luxury fashion brand gaining trade attention. Disclaimer: The above should not be considered trading advice from CCN.com, Bank stocks could see a flurry of M&A action. The tide might be turned if the likes of US Bancorp of Minneapolis ($488bn in assets), M&T of Buffalo ($126bn) or Birmingham, Alabama’s Regions Bank ($128bn) do meaningful deals. Prices and markets search Our regions News . While smaller banks have some incentive to increase their footprints, those with assets well above $50 billion will see the most benefit from a merger. Nov 23, 2020 – 4.20pm. Stay tuned for more. Economic conditions for U.S. banks haven’t improved as much as investors and analysts had hoped. But in three years, CEO Grayson Hall has stockholders happier and the state’s only Fortune 500 stronger. What is the meaning of financial? 5 We define 2004–2006 as the boom period because housing speculation, as we will show, was most intensive during this period. What is the meaning of financial? A creeping occupation and subsequent takeover of strategic positions in the breakaway regions aim at re-establishing control over Russia's "near abroad". Newer Post … Alabama based midsize bank Regions Financial Corp received a significant increase in investments over the past year from institutional investors, showing interest for the U.S. only bank. Among them, Comerica Inc. (NYSE:CMA), Citizen’s Financial Group (NYSE:CFG), Fifth Third Bancorp (NASDAQ:FITB), Regions Financial (NYSE:RF), and KeyCorp (NYSE:KEY) look like prime targets. KPN is no stranger to takeover bids and speculation, although none has succeeded to date. FTSE indices. Sue Mitchell Senior reporter. Shares in Burberry rose sharply on Thursday as the FTSE 100 was supported by takeover and merger speculation on the back of Shell's big move for BG Group. Shares of Regions Financial Corp. (NYSE: RF) are 3 percent higher on heavier-than-normal volume today on renewed speculation the company could be the target of a takeover. September 23, 2020 UTC: 1:10 PM. That’s because the FDIC has more rigorous standards for banks with assets over $50 billion, so those who are near or below that level will be hesitant to expose themselves to the regulatory headache and resulting costs of entering the new bracket. The rate at which Snap is improving its overall ARPU is slowing too, per Figure 3. What is the definition of financial? Myer shares surge amid renewed takeover speculation. Labels: Market Buzz. The price movement in correlation with percentage of the mentioned increase can allow a valuable insight to investors. Burberry Shares Lifted By US Bid Speculation. News and Prices. Since NationsBank Corp. agreed to buy Florida's Barnett Banks Inc., shares of the four largest Alabama banks-Amsouth Bancorp., Southtrust Corp., Regions Financial Corp., and Compass Bancshares - have jumped. 11.49. Regions, Citizens and Comerica are among banks facing the most deal speculation, according to Foran. Rumours have been circulating that Zurich-listed Julius Baer, which like EFG operates in regions such as Asia as well as in Europe, was considering a bid for the firm. The company’s focus lately had been on the U.S. and Asia-Pacific regions, where it tried to buy Caltex Australia Ltd. before deciding against a revised offer during the pandemic.With a potential Carrefour purchase, Couche-Tard, would get more than 2,800 supermarkets in Europe and 703 larger-format hypermarkets, and in Latin America, where it has stores … How do you use financial in a sentence? You reached this page when attempting to access https://www.streetinsider.com/Rumors/Regions+Financial+%28RF%29+Sees+Action+On+Takeover+Speculation/6097715.html from 138.201.64.26 on 2021-01-23 10:47:46 UTC. No formal approach for BT has yet been made. EFG International Squashes Julius Baer Takeover Speculation Tom Burroughes, Group Editor , 16 December 2019 . But questions remain over the role of the state. According to McKinsey, the answer is growth. However, as the financial sector becomes increasingly vulnerable to competition, consolidation among bank stocks is looking much more likely. 5 Regional Banks That Could Make an Acquisition These banks are all trading at higher price-to-tangible-book-values than their peers. Email This BlogThis! Pressure on PNC. Bank of Montreal unveiled plans to buy Milwaukee-based Marshall & Ilsley Corp. in a $4.1 billion stock swap, triggering speculation that other faltering U.S. regional banks may be snapped up as well. Share to Twitter Share to Facebook Share to … I’m a fan of the stock even without takeover speculation, and the dividend yield of 2% provides a nice kicker to total returns. In every financial market, speculation plays a key role. The last quarter saw substantial insider selling of Regions Financial shares. Specifically, insiders ditched US$3.4m worth of shares in that time, and we didn’t record any purchases whatsoever. I expect these shares to beat the broad market this year. News and Prices . FTSE 100; FTSE 250; FTSE 350; FTSE All-Share; Prices and Markets. The Co-operative Bank is in takeover talks with a US private equity firm, as speculation builds that the UK banking sector is heading for a wave of merger and takeover deals. Tencent Holdings’ 5% stake this month in Afterpay supercharged the latter’s share price, sparking speculation that heightened takeover activity in Australia is imminent. As of this writing, the author did not hold a position in any of the aforementioned securities. Overall this makes us a bit cautious, but it’s not the be all and end all. It is possible AMP has become a takeover target. While predicting M&A activity is far from an exact science, there are a few qualities that make some bank stocks look more vulnerable to a sale than others. By Business Wire. Regional banks were some of the highest rising stocks in the S&P 500 index, helped by speculation that some may be takeover targets for overseas financial groups. 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