|Page (1) of 1 - 10/25/11||email article||print page|
Analyst View, Impact of Global Events - Research Report on S&T Bancorp, Inc. and City Holding Company(October 25, 2011)
HONG KONG -- (Marketwire) -- 10/25/11 -- Today, www.WorldStreetFundamentals.com released its industry report highlighting S&T Bancorp, Inc. (NASDAQ: STBA) and City Holding Company (NASDAQ: CHCO). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php?id=STBA+CHCO.
Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets'.
As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.
Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.
World Street Fundamentals has highlighted S&T Bancorp, Inc. for its current position within the financial industry. S&T Bancorp, Inc. (S&T) is a bank holding company and has two wholly owned subsidiaries, S&T Bank and 9th Street Holdings, Inc. S&T also owns a one-half interest in Commonwealth Trust Credit Life Insurance Company (CTCLIC). S&T is a financial holding company. The entire report on S&T Bancorp, Inc. (NASDAQ: STBA) is available here: www.WorldStreetFundamentals.com/Report.php?id=STBA.
World Street has featured City Holding Company for its development within the financial industry. City Holding Company is a bank holding company. The Company conducts its principal activities through its wholly owned subsidiary, City National Bank of West Virginia (City National). The entire report on City Holding Company (NASDAQ: CHCO) is available here: www.WorldStreetFundamentals.com/Report.php?id=CHCO.
About World Street
World Street Fundamentals is an online portal for professionals, investors and new-comers to the markets to find in depth comprehensive research and research tools to help guide you through the ever changing financial markets.
Copyright @ Marketwire
Related Keywords: World Street Fundamentals, Marketwire, Inc., , Financial, Life Insurance,