United Financial Bancorp, Inc. Third Quarter Performance Highlighted by Strong Organic Growth GLASTONBURY, Conn., Oct. 22, 2014-- United Financial Bancorp, Inc., the holding company for United Bank, today announced results for the quarter ended September 30, 2014. The Company had net income of $10.0 million, or $0.19 per diluted share, for the quarter ended September 30, 2014, compared to Rockville's net income of $4.6 million, or $0.18 per diluted share, for the...
Source: Globe Newswire
F.N.B. Corporation Reports Continued Revenue Growth and Record Net Income Net income available to common shareholders for the third quarter of 2014 totaled $33.4 million or $0.20 per diluted common share. Comparatively, second quarter of 2014 net income totaled $32.8 million, or $0.20 per diluted common share, and third quarter of 2013 net income totaled $31.6 million or $0.22 per diluted common share. We are also pleased to have...
Source: PR Newswire
Fitch Updates Market on Closed-End Fund Issuance of Debt and Preferred Stock NEW YORK---- Taxable closed-end funds have issued over $1.1 billion of private notes and preferred stock to insurance companies year to date. The sector has refinanced another $400 million of auction preferred stock using various tender offers at or below par, leaving just $2.8 billion across 19 funds today. Overall the sector has refinanced about $500 million...
Source: Business Wire
INSIGHT-Morgan Stanley uses client cash to chase private equity profits Oct 9- Morgan Stanley is embracing the financial reforms intended to curb its animal spirits to generate bigger profits. Unlike most of its rivals, Morgan Stanley has been building its private equity business using structures that are subject to the Volcker rule, which restricts the amount of money a bank and its employees can contribute to such funds.
| By: Lauren Tara LaCapra and Greg Roumeliotis
Profit at Goldman less easy to find Goldman Sachs is facing questions about whether it will be able to maintain its place atop the financial industry in a new era of regulations.
Source: The New York Times
| By: Nathaniel Popper
EXCLUSIVE-Goldman considering setting up new infrastructure fund NEW YORK, Oct 3- Goldman Sachs Group Inc is considering raising a new infrastructure fund, according to three people familiar with the matter, even as U.S. regulations threaten to reduce its profits from such endeavors. The bank's plans are tentative and in the early stages, and there is currently no fundraising process or target size for the fund, the sources...
| By: Greg Roumeliotis