Treasury Plans To Announce List Of Regional Banks Tapping The TARP
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Price: $148.89 +3.03%
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Dividend Yield: 2.3%
EPS Growth %: +42.0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.3%
EPS Growth %: +42.0%
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According to reports from the Washington Post, the U.S. Treasury will announce, as early as today, a list of as many as 22 regional banks that have agreed to accept capital injections under the government's TARP program.
Regional banks including Capital One (NYSE: COF), Suntrust Bank (NYSE: STI), Regions Bancorp (NYSE: RF), KeyBank (NYSE: KEY) and possibly BB&T (NYSE: BBT) could ask for the government money.
Today, PNC (NYSE: PNC) announced it would issue the Treasury $7.7 billion in preferred stock and related warrants under the TARP plan following its acquisition on National City (NYSE: NCC).
Last week, the Treasury announced it would inject $125 billion into the largest U.S. banks, including Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC) and J.P. Morgan Chase (NYSE: JPM).
Regional banks including Capital One (NYSE: COF), Suntrust Bank (NYSE: STI), Regions Bancorp (NYSE: RF), KeyBank (NYSE: KEY) and possibly BB&T (NYSE: BBT) could ask for the government money.
Today, PNC (NYSE: PNC) announced it would issue the Treasury $7.7 billion in preferred stock and related warrants under the TARP plan following its acquisition on National City (NYSE: NCC).
Last week, the Treasury announced it would inject $125 billion into the largest U.S. banks, including Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC) and J.P. Morgan Chase (NYSE: JPM).
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