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M&A animal spirits still missing in banking sector

Published 09/20/2017, 11:07 AM
© Reuters.  M&A animal spirits still missing in banking sector
FAS
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FAZ
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KRE
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KBE
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XLF
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IAT
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FXO
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IYF
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IYG
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SEF
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UYG
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FINU
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RWW
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RSPF
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VFH
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QABA
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FNCL
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FINZ
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WDRW
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DPST
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JHMF
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BTO
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FNCF
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FAZZ
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FTXO
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  • The election, the hoped-for rollback of D.C. oversight, and a major rally in stocks were supposed to add up to boom in bank deals, but it hasn't happened yet.
  • According to FIG Partners, the number U.S. bank M&A has dipped to 173 this year vs. 178 for the same period one year ago.
  • CEO of Indiana's Old National Bancorp, Bob Evans says caution remains thanks to still-low interest rates, no regulatory relief, and little movement on tax cuts. "That's just a fantasy," says Beneficial Bancorp's CEO on ideas about looser regulatory requirements or a pickup in bank M&A.
  • While those are smaller players, executives from larger regional banks and the big money-center lenders don't appear to have anything in the works either.
  • ETFs: XLF, FAS, FAZ, KRE, VFH, UYG, KBE, IYF, FNCL, BTO, IAT, IYG, KBWB, QABA, FXO, SEF, KBWR, RYF, FINU, DPST, FINZ, RWW, WDRW, FAZZ, JHMF, FTXO, FNCF
  • Now read: F-I-C-C Spells Money


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