Bank Stocks: First Half Report Card

August 19, 2015 at 3:35 PM

Despite a rocky start, bank stocks generated a higher return than the overall market for the first half of 2015.  Among the various groups by asset size, banks with assets between $5B and $10B produced the highest total return.  Pinnacle Financial Partners (Nashville, TN) recorded an impressive total return of 38.2%.  The bank achieved an impressive 15.44% return on average tangible common equity during the first half of the year by growing wealth management income and interest income from robust growth in commercial real estate loans.BankIndexes-forblob.jpg

Eileen Sullivan

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