NEW YORK, NY — (Marketwire) — 09/21/12 — Regional Banking stocks have been some of the strongest performers in the markets. Recent stimulus measures announced by the U.S. and Europe have helped ease concerns of a global economic slowdown. The SPDR S&P Regional Banking ETF (KRE) has gained roughly 20 percent year-to-date. The Paragon Report examines investing opportunities in the Regional Banking Industry and provides equity research on Fifth Third Bancorp (NASDAQ: FITB) and Huntington Bancshares Inc. (NASDAQ: HBAN).
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The Federal Deposit Insurance Corp. has urged the banking industry to increase their focus on unbanked Americans. According to numbers from the FDIC-s National Survey of Unbanked and Underbanked Households the number of U.S. households that do not use banking services increased by 821,000 from 2009 to 2011. Approximately 8.2 percent of the nation-s population manages their finances without the use of bank accounts from financial institutions.
“Insured financial institutions have an important chance to grow their customer base by expanding opportunities that bring unbanked and underbanked individuals into mainstream banking,” Martin J. Gruenberg, the acting chairman of the FDIC, said in an e-mailed statement.
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Fifth Third Bancorp is a diversified financial services company with $118 billion in assets as of June 30, 2012. The company recently declared a third quarter 2012 cash dividend on its common shares of $0.10, an increase of $0.02, or 25%, from its previous quarterly dividend rate. The annualized dividend rate is now $0.40 per share for a yield of roughly 2.56 percent.
Huntington Bancshares Inc. is a $57 billion regional bank holding company headquartered in Columbus, Ohio. Huntington Bank was recently named the second top performing bank in the nation by Bank Director Magazine. The company is scheduled to release its third quarter earnings before market open on Thursday, October 18, 2012.
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