NEW YORK (TheStreet) -- It's time for the regional banks to move to center stage, and investor concerns about their results aren't likely to change much from what Wall Street has prioritized when it comes to their bigger brethren: Credit quality is king.
PNC Financial Services (PNC), Fifth Third Bancorp (FITB), Keycorp (KEY) and Capital One (COF) are among the institutions slated to report their fourth-quarter numbers on Thursday, and signs of improvement in loan loss trends in both the consumer and commercial sectors will be of paramount importance when the press releases hit the wire.
The four main money-center banks -- JPMorgan Chase (JPM), Citigroup (C), Bank of America (BAC), and Wells Fargo (WFC) -- have already reported their numbers, as have a good number of other high profile names such as Bank of New York Mellon (BK), Northern Trust (NTRS), State Street (STT) and U.S. Bancorp (USB).
A few regional-tier banks, including M&T Bank (MTB), Marshall & Ilsley (MI) and smaller banks, First Horizon (FHN) and Hudson City Bancorp (HCBK), have also released their quarterly results, and many more will be doing so during the remainder of this week and the next.So far, the numbers have shown that -- while costs are still at record levels and continuing to rise -- credit costs are finally showing signs of stabilizing. In particular, of the banks that have reported so far, there is evidence that the overall growth in nonperforming loans and early stage delinquencies is beginning to slow. For example, First Horizon, a Memphis, Tenn.-based regional bank with large exposure to residential mortgages, reported a wider than expected loss for the quarter on Friday, but said that the growth in non-performing assets and charge-offs had slowed for the third and second consecutive quarters, respectively.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV