WSFS: Efficiency and Profitability Gains Still Expected in 2H19; Reduced NIM Outlook Leads to Lower EPS Estimates; Reducing Target Price; Reiterating Outperform Rating. WSFS reported 2Q19 net income of $36.2 million, up $23.2 million or 178.0% compared to the $13.0...
Through September 6, 2019, SBA 504 loan originations are up 4.7% compared to the same period in the prior year, reaching $4.64 billion year-to-date in 2019 versus $4.43 billion during the same period in 2018. This reflects a deceleration in originations over the past...
FULT: Strong Fee Income Leads to Better-Than-Expected 2Q19 Results; Reducing EPS Estimates Slightly on Declining Rate Environment; Reducing Target Price, Reaffirming Neutral Rating. 2Q19 Results: Fulton reported 2Q19 net income of $59.8 million or $0.35 per share, up...
Fast Facts About Today’s Economic Data U.S. Retail Sales rebounded +1.6% in March and accelerated on Y/Y Basis. Initial Jobless Claims fall for 5th week in a row. Philly Fed Index shows sharp rebound in New Orders. What Brexit? U.K. Retail Sales up +6.6% Y/Y. No...
Fast Facts About Today’s Economic Data U.S. Trade Balance improved once again as China and EU imports plunged in February. U.S. Mortgage Purchase Applications at 9 year high. China Q1 GDP comes in just above expectations (+6.4% Y/Y) thanks to Industrial...
The API reported a 3.1mmb draw (Cushing: 1.6mmb), a 3.6mmb draw in mogas, and a 2.3mmb build in distillates. All-in-all a positive report although the distillate build may not auger well for the natural gas storage. XEC: Charles Robertson, Alden’s Head of Energy...
