Investors Bancorp +2.2% after buyback, upgrade
- New Jersey's Investors Bancorp (ISBC +2.2%) last night announced approval from the Fed to being a buyback of up to 5% of the float. The green light from D.C. came prior to the one-year anniversary of the bank's second step conversion.
- Barclays upgrades to Overweight with $14 price target.