sbib

Sterling Bancshares Misses Q1 EPS Estimates, Down Fractionally

Published on Tue, 04/19/2011 - 11:29
By FNNO Staff in General Interest, analysis, earnings, eps, finance, investing, news, sbib, sterling bancshares, stock, trading, Earnings Reports

According to a Reuters consensus poll. The results were lower than EPS of $0.02 that analysts had expected.

The company has previously announced that it agreed to a strategic business combination with Comerica (CMA). The transaction is expected to be completed in the second quarter of 2011.

analysis, earnings, eps, finance, investing, news, sbib, sterling bancshares, stock, trading

Sterling Bancshares (SBIB) today released results for the quarter ending on March 31, posting a net loss of $370,000 or break-even per diluted share, compared with a net loss of $6.2 million, or $0.07 per diluted share, for first

By FNNO Staff
fnnonline@gmail.com

Comerica to Buy Sterling Bancshares for $1.03 Billion in Stock Deal

The deal highlights a trend where regional banks are seeking to bolster their deposit base and extend their reach to become even stronger.

Comerica's Chairman and CEO Ralph Babb Jr.

bancshares, bank, branch, business, cma, comerica, dallas, deal, deposit, fort worth, houston, interest rate, market, nyse, san antonio, sbib, shares, sterling, stock, texas, transaction

Comerica (NYSE:CMA) has announced it has entered into an agreement to buy regional bank Sterling Bancshares (NYSE:SBIB) for $1.03 billion in a stock-for-stock deal. The transaction values Sterling shares at $9.99 per share - a 30%

By Stephanie Shyu
sshyu@fnno.com

Morning Market Snapshot: January 18th, 2011

aapl, ak steel, aks, analysis, apple, arcelor mittal, business, cma, comerica, danaher, dhr, financial, glaxosmithkline, gsk, market, mt, news, sbib, sterling bancshares, steve jobs, stock, trading

Good Morning. It's Tuesday, January 18, 2011. At this hour, U.S. equity futures are mixed. Overseas, the Asian markets were mixed, while the European markets are higher.

By FNNO Staff
fnnonline@gmail.com

What's In The News: January 14th, 2011

aapl, acquisition, apple, bgp, bid, border, capital, delay, ge, genz, genzyme, ipad, lenders, news corp, newspaper, nwsa, offer, sale, sanofi aventis, sbib, shareholder, shares, sny, sterling bancshares, subscriber, tablet, takeover

This is what's in the news for Friday, January 14th. Reuters reports that Sanofi-aventis (SNY) will now offer about $76 a share or about $20B to hopefully win its takeover bid for Genzyme (GENZ). the Wall Street Journal report

By Stephanie Shyu
sshyu@fnno.com

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