Guidelines of New "Stress Tests" Announced - Focused on the Handling of Major Recessions in China and Europe
Five Star Equities Provides Stock Research on Huntington Bancshares and Synovus Financial
NEW YORK, NY -- (Marketwire) -- 11/21/12 -- Despite the global economy experiencing a major slowdown financial stocks have shown investors some pretty admirable gains. The Financial Select Sector SPDR ETF (XLF) has gained 17.5 percent year-to-date, nearly 6 times the Dow Jones Industrial Average gain of 3 percent over the same period. Five Star Equities examines the outlook for companies in the Regional Banking Industry and provides equity research on Huntington Bancshares Inc. (NASDAQ: HBAN) and Synovus Financial Corp. (NYSE: SNV).
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Last week the Federal Reserve announced guidelines for the latest round of "stress tests," which they expect to release results for by late by 2013. The latest tests will focus on how the nation's 19 largest banks would handle major recessions in Europe, China and Japan. The passing of the "stress tests" are considered key as it enables large banks to increase dividends and share buybacks.
"For the majority of banks, we view the scenarios laid out for [the capital analysis and review for] 2013 as modestly more optimistic as the one used in 2012," Barclays analyst Jason Goldberg said. There will be a number of banks that "will return the majority of their 2013 net income to shareholders in dividends and buyback next year," he said.
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Huntington Bancshares Inc. is a $56 billion regional bank holding company headquartered in Columbus, Ohio. The company currently offers investors an annual dividend of $0.16 per share for a yield of approximately 2.62 percent. Huntington Bancshares reported a record net income of $167.8 million in the third quarter.
Synovus is a financial services company, with more than $27 billion in assets, based in Columbus, Georgia. The company currently offers investors an annual dividend of $0.04 per share for a yield of roughly 1.77 percent. Synovus has reported five-consecutive quarters of profitability. Shares of the company have gained 60 percent year-to-date.
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