Monday, July 21, 2008

Key Regional Banks Report This Week

Banks with large portfolios of real-estate loans will report their second-quarter results on Tuesday, including SunTrust, Regions Financial, Fifth Third and KeyCorp, while National City will follow on Thursday.

Shares of regional lenders have come under heavy pressure on fears about the ability of smaller institutions to ride out the turmoil in the banking sector.

Investors fear that many regional lenders, particularly banks with smaller deposit bases or less strategic attraction for private equity funds, could struggle to raise new capital.

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