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Berkshire Hills Bancorp, Inc. (BHLB)

  • Jul. 22, 2013, 10:41 AM
    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.
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Company Description
Berkshire Hills Bancorp Inc is a holding company for Berkshire Bank and Berkshire Insurance Group. It offers deposit, lending, investment, wealth management, and insurance services.
Sector: Financial
Industry: Savings & Loans
Country: United States