Slow Earnings But Decent Loan Growth Are The Story At People's United Financial
Ashleigh Rogers • Mon, Aug. 4
- People's United has underperformed over the last six months and in a rising market with rate increases now closer in time, the stock is worth considering.
- The bank's deal with Vantiv was a good use of under-utilized resources and should boost earnings starting next year.
- NIM is still quite weak, but People's management has been doing a good job controlling expenses.