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Stock impact report

United Bankshares: Acquisition To Partially Offset COVID-19 Related Pressures [Seeking Alpha]

United Bankshares, Inc. (UBSI) 
Last united bankshares, inc. earnings: 4/30 07:50 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryEarnings will likely suffer from a surge in provisions expenses amid the lockdown.Merger-related expenses will likely further drag earnings. The upcoming acquisition will likely also reduce NIM.Surge in earning assets following the merger will likely support the bottom line.The December 2020 target price suggests a high upside from the current market price. However, the COVID-19 related uncertainties pose risks to earnings and valuation.Earnings of United Bankshares, Inc. (NASDAQ:UBSIProvisions to Surge as Economic Conditions WorsenThe lockdown of non-essential industries will likely propel provisions expenses this year, which will drag earnings. UBSI focuses on non-owner occupied commercial real estate and residential real estate segments, which will both suffer from surging unemployment. Around 22 million people have become unemployed over the four weeks ended April 16, 2020, as perreportsCARO's Acquisition, Demand for Relief Loans to Propel Net Interest IncomeUBSI's net inte Show less Read more
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