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LTXB - LegacyTexas Financial Inc News Story

$42.54 -1.6  -3.6%

Last Trade - 31/10/19

Sector
Financials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £294.5m
Position in Universe th / 6393

BUZZ-Oil crash: KBW not yet concerned over banks' energy exposure

Wed 14th November, 2018 12:21pm
** KBW says WTI prices CLc1 have to be below mid-$40/bbl level for a prolonged period (vs mid $50s/bbl now) "to begin getting concerned" about banks with energy exposure ** KBW says most banks have seen notable energy shrinkage over last 5 yrs, with leverage greatly reduced ** Says among exposed lenders, only 5 have double-digit pct of their loans in energy: Bank7 Corp BSVN.O , BOK Financial BOKF.O , MidSouth Bancorp MSL.N , Cadence Bancorp CADE.N , Cullen/Frost Bankers CFR.N ** Among top lenders: Citigroup C.N has 3.2 pct of loans in energy, Bank of America BAC.N 1.8 pct, JPMorgan JPM.N 1.4 pct and Wells Fargo WFC.N 1.3 pct <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ KBW energy https://tmsnrt.rs/2PotEl0 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Savio D'Souza) ((RM:savio.dsouza.thomsonreuters.com@reuters.net))
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