SBA Loan and Rates Monitor

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...

Fulton 2Q19 Report

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...

Green Shoots in Retail, Jobs and Philly

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...

Green Shoots in China

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...

Alden US Morning Energy Sales Commentary

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...

Publications Overview

Research is a core competency of the Firm; Alden focuses on providing in-depth analysis on individual sectors including financial services and energy. Our publications include bonafide research reports as well as market and sector commentary. We seek to generate value for our clients through differentiated thoughts and opinions, investment ideas, and management access opportunities. In addition to providing opinions on large-cap companies, we also research under-followed companies in niche markets where we take time to evaluate their businesses and the people who run them to uncover hard-to-find value. Our research publications include: Initial Reports, Company Updates, Earnings Previews, Earnings Reviews, Monthly Statistical Reviews, and other notes and reports. We provide our clients corporate access via conference calls and non-deal roadshows in either one-on-one or group settings.

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SBA Loan and Rates Monitor
Banking Research & Commentary
SBA DRAFT
Banking
Fulton 2Q19 Report
Fulton 2Q19 Report
Banking Research & Commentary