Berkshire Hills Bancorp (BHLB -6.1%) tumbles after saying it took a hit from spiking long term...

|About: Berkshire Hills Bancorp,... (BHLB)|By:, SA News Editor

Berkshire Hills Bancorp (BHLB -6.1%) tumbles after saying it took a hit from spiking long term interest rates in Q2 - with tightening mortgage origination volumes and margins, impacts on commercial loan and interest rate swap revenues, and higher expenses as integration and efficiency projects were completed. EPS is expected at $0.48 vs. $0.55 consensus. The full report is expected on July 24. KBW downgrades to Hold from Buy. Previous: Berkshire is busy on the acquisition trail.