Bank Stocks Q2 Earnings Due On Jul 25: HBAN, SIVB, CFR, UBSI
Zacks Investment Research | Jul 23, 2019 09:26PM ET
The earnings season seems to have gotten off to a decent start for bank stocks. Banks, which have reported so far, recorded improvement in earnings and revenues amid a challenging backdrop.
Revenues were driven by modest loan demand, improvement in mortgage banking business, while disappointing trading and investment banking along with flattening of yield curve acted as headwinds. On the cost front, increased investments in technology to boost digital offerings and initiatives to expand into newer areas are expected to result in a slight rise in expenses.
Additionally, credit quality has remained solid.
Per the latest What's in the Cards for Huntington's Q2 Earnings? )
Huntington Bancshares Incorporated Price and EPS Surprise
Fee Income, Leerink to Aid SVB Financial Q2 Earnings ).
Cullen/Frost Bankers, Inc. (NYSE:CFR) is slated to announce results before market open. The company is projected to record an increase in earnings and revenues.
The Zacks Consensus Estimate for earnings of $1.73 suggests improvement of 2.4%. The consensus estimate for sales of $364.6 million indicates a rise of 13.1%. With a Zacks Rank #3 and Earnings ESP of -0.15%, chances of Cullen/Frost Bankers beating the Zacks Consensus Estimate are low.
It has a decent earnings surprise history. The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters.
United Bankshares, Inc. (NASDAQ:UBSI) is expected to witness growth in earnings while revenues are likely to decline in the to-be-reported quarter.
The Zacks Consensus Estimate for earnings of 64 cents suggests year-over-year growth of 1.6%. The consensus estimate for sales of $183.3 million indicates a decline of 1%. With a Zacks Rank #4 (Sell) and Earnings ESP of 0.00%, chances of United Bankshares beating the Zacks Consensus Estimate are low.
It has a decent earnings surprise history. The company surpassed the Zacks Consensus Estimate in one and matched in two of the trailing four quarters.
United Bankshares, Inc. Price and EPS Surprise
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