Above-average asset sensitivity and healthy credit trends continue to support Fulton Financial (FULT),
but the growth angle is still looking more challenging. While the
company works to get out from under consent decrees and consolidate its
charters (allowing for branch consolidation and re-branding), it is
seeing increasing competition in the market for both loans and deposits.
Fulton has above-average earnings growth prospects, but those prospects
continue to be well-reflected by the share price and I don't see a
particular bargain here at this time.
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Competition Making Growth A Little Harder For Fulton Financial
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