SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Jul 12, 2012) - Regional bank stocks have outperformed the "big banks" in recent months as they have been less affected by the current euro crisis and stricter regulatory environment. The SPDR KBW Bank ETF (KBE) has fallen over nearly 6 percent over the last three months while the SPDR KBW Regional Banking ETF (KRE) has seen a 1.3 percent fall over the same period. The Paragon Report examines investing opportunities in the Regional Banking Industry and provides equity research on KeyCorp (NYSE: KEY) and Fifth Third Bancorp (NASDAQ: FITB).
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"Mid cap regional bank stocks are down 6% on average over the past quarter due to a return of concerns pertaining to global macroeconomic events. Due to their lack of direct exposure to these risks and favorable relative positioning in the new regulatory paradigm, we continue to see several attractive opportunities," said Stephen Scinicariello, UBS analyst.
Big banks have been shying away from lending allowing regional banks to pick up new customers. Recent data collected from Bloomberg showed that in the first quarter total loans for the 4 biggest banks in the U.S. dropped 4.9 percent to $3.04 trillion, while lending by regional banks increased 9.8 percent to $1.27 trillion.
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KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $87 billion. Shares of the company have rallied over 8 percent in the last month. KeyCorp is scheduled announce second quarter 2012 earnings on Thursday, July 19, 2012, before the market opens.
Fifth Third Bancorp has declared a second quarter 2012 cash dividend on its common shares of $0.08. The cash dividend is payable on Thursday, July 19, 2012 to shareholders of record as of Friday, June 29, 2012. The company is scheduled to report second quarter 2012 financial results on Thursday, July 19, 2012.
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