What Are Hedge Funds? Everything You Need To Know gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
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TUCSON, Ariz., Feb. 11, 2021 /PRNewswire/ CBOA Financial, Inc. (OTCMKTS:CBOF) (the Company ), parent company of Commerce Bank of Arizona (the Bank or CBAZ ), announced that consolidated after tax net income for quarter ending December 31, 2020 increased 373% to $1,522,000, from $457,000 in the third quarter of 2020.
Chris Webster, Bank President and Chief Executive Officer said The economic and operating challenges of 2020 were unprecedented. I am extremely proud of our team and how we were able to maintain our exceptional customer service performance standards. Webster added, Our financial metrics for the year were excellent. The Bank generated strong loan and deposit growth, Net Interest Margin and bottom line Net Income. And, we were able to re-align key non-interest costs which will benefit the Bank in the years to come.
Western Union Reports Fourth Quarter and Full Year Results yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Huntington Bancshares Incorporated Announces Additions To The Executive Leadership Team Structure For Combined Company Following TCF Merger
TCF National Bank CEO Tom Shafer and President Mike Jones to join Huntington executive leadership team along with Donald Dennis, Huntington s Chief Diversity Equity & Inclusion Officer
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COLUMBUS, Ohio, Feb. 10, 2021 /PRNewswire/ Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) today announced that Tom Shafer, CEO of TCF National Bank, will join Huntington s Executive Leadership Team as co-President of Commercial Banking following the completion of Huntington s merger with TCF, which is expected to occur late in the second quarter, subject to the satisfaction of customary closing conditions.
By Roman Chuyan, CFA
Our Equity Model’s 6-month forecast for the S&P 500 turned significantly negative on economic factors and record market valuation.
Along with our Short-Term Risk model, this dictates defensive positioning.
Our
6-month Equity Model turned significantly negative at ‑7.9% in January on economic factors. The economic component of the model dropped sharply and turned negative this month, to -4.2% (see Market Outlook). In addition, market valuation has risen to extremely overvalued levels.
Congress passed over $3 trillion of deficit spending in 2020 to fight the effect of the pandemic. GDP rebounded sharply in Q3 and ended the year down less than 4%, but this rebound was mostly a result of the stimulus money. Consumer sentiment stayed at recession levels, suggesting that people don’t feel much better off financially: