Expert's Economic Outlook, Global - Equity Research on Cathay General Bancorp and SunTrust Banks, Inc.
14 October 2011 - 12:00AM
Marketwired
Today, www.EquityMarketsInc.com announced its research report
highlighting Cathay General Bancorp (NASDAQ: CATY) and SunTrust
Banks, Inc. (NYSE: STI). Full content and research is available at
www.EquityMarketsInc.com/research.php?id=CATY+STI.
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.
Equity Markets has reviewed Cathay General Bancorp for its
current position within the financial industry. Cathay General
Bancorp (Bancorp) is a holding company of Cathay Bank (the Bank), a
California state-chartered commercial bank, six limited
partnerships investing in housing investments, in which the Bank is
the sole limited partner, and GBC Venture Capital, Inc. It also
owns five statutory business trusts created for the purpose of
issuing capital securities. The full research report on Cathay
General Bancorp (NASDAQ: CATY) is available here:
www.EquityMarketsInc.com/research.php?id=CATY.
Equity Markets has reviewed SunTrust Banks, Inc. for its
development within the financial industry. SunTrust Banks, Inc.
(SunTrust ) is a commercial banking organization. The Company is a
diversified financial services holding company whose businesses
provide a range of financial services to consumer and corporate
clients. Through its principal subsidiary, SunTrust Bank, the
Company provides deposit, credit, and trust and investment
services. The full research report on SunTrust Banks, Inc. (NYSE:
STI) is available here:
www.EquityMarketsInc.com/research.php?id=STI.
About Equity Markets Our mission at Equity Markets is to be the
best source of content and research, while educating, enlightening
and informing investors. Equity Markets combines street smart
analysts and professional market researchers to provide investors
with detailed company profiles and market coverage.
Contact: Samuel Littman Email Contact
www.EquityMarketsInc.com
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