These regional banks are at greatest risk of being taken over by rivals, according to KBW
Publishing timestamp: 2023-11-27 14:43:16
Summary
The article discusses how regional banks, particularly those with assets between $80 billion and $120 billion, are facing pressure on returns and profitability. KBW analysts suggest that some of these banks, such as Comerica, Zions, and First Horizon, may be acquired by more profitable competitors. However, other banks like Western Alliance and Webster Financial could also consider selling themselves. The article also mentions that smaller banks may need to grow larger to offset losses from new regulations. Overall, the article highlights the potential for consolidation in the banking industry and the challenges faced by regional banks.
Sentiment: MIXED
Tickers: FITB, HBAN, RF, WAL, MTB, WBS, ZION, FHN, CMA,
Keywords: webster financial corp, breakingnewsglobal, fifth third bancorp, breaking news: investing, comerica inc, western alliance bancorp, investment strategy, regions financial corp, zions bancorporation na, first horizon corp, huntington bancshares, banks, m&t bank corp, business news, business, breaking news: markets,
Source: https://www.cnbc.com/2023/11/27/zions-comerica-first-horizon-regional-bank-takeover-risk.html