This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Banks That Still Owe TARP

5. Marshall & Ilsley

Company Profile

Shares of Marshall & Ilsley (MI) of Milwaukee closed at $7.00 Wednesday, returning 31% year-to-date. The company owes $1.7 billion in TARP money.

Income Statement

Marshall & Ilsley reported a second-quarter net loss to common shareholders of $173.8 million, or 33 cents a share, following a first-quarter loss of $140.5 million ,or 27 cents a share, when the company reported a one-time gain of $48.3 million from the sale of its merchant processing portfolio. For the second quarter of 2009, the net loss to common shareholders was $234 million or 83 cents a share.

While a high level of loan charge-offs kept the company in the red, Marshall & Ilsley's tax-adjusted net interest margin improved to 3.17% for the second quarter from 2.79% a year earlier, according to SNL Financial.

Balance Sheet

Total assets were 54 billion as of June 30 and the nonperforming assets ratio was 4.18%, declining from 4.27% the previous quarter and 4.67% a year earlier. The net charge-off ratio was 4.16% and with reserves covering 3.67% of total loans, it appeared the company would continue to make large provisions for loan loss reserves over coming quarters.

As of June 30, Marshall & Ilsley's Tier 1 leverage ratio was 9.12% and its total risk-based capital ratio was 14.35%. According to SNL Financial, the company's tangible common equity ratio was 8.19%, the highest among this group of ten banks holding companies.

Stock Ratios

Shares trade for 0.8 times tangible book value. The consensus estimate is for the company to earn 3 cents a share in 2011 and 71 cents in 2012. Based on the 2012 estimate, Marshall & Ilsley's forward P/E would be 9.9.

Analyst Ratings

Out of 19 analysts covering Marshall & Ilsley, five recommend buying the shares, while 11 have hold ratings and three recommend investors sell.
6 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ZION $21.63 -1.90%
FITB $15.33 -1.29%
FHN $12.33 -1.52%
HBAN $8.58 -1.04%
KEY $10.80 -1.01%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs