×
0 0 -0.00492610837438419 -0.00574712643678152 -0.0106732348111658 -0.0135467980295566 -0.0147783251231527 -0.0205254515599342
Stockreport

The Battle For Deposits Slows The Financial Sector's Desire For Earnings Growth [Seeking Alpha]

WASHINGTON TRUST (WASH)  More Company Research Source: Seeking Alpha
PDF Summary Investment Thesis The banking industry looks to make a strong recovery on the back of increasing interest rates, reduced taxes/regulations, and a strong economy. Look no further than the Federal Reserve allowing 34 banks to increase their dividends and common equity stock buybacks. Just so my position is clear, you can definitely count me as one of the individuals who believes that the best days are yet to come for the financial sector as a whole. Although I am optimistic about the continued improvement in bank earnings, a review of a Washington Trust's ( WASH )'s earnings reports has raised concerns that the drivers behind this major earnings beat are not as robust as one would hope. The goal of this article is to logically break-down the components that allowed WASH to beat their most recent earnings estimates and to see how much of the growth (if any) is related to increased spread from rising interest rates and how much came from additional lending. My hyp [Read more]

IMPACT SNAPSHOT EVENT TIME: WASH
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
WASH alerts
from News Quantified
Opt-in for
WASH alerts

from News Quantified
Opt-in for
WASH alerts

from News Quantified