Intact's acquisition of AXA Canada increases its market share and bolsters its scale advantages.
The credit quality of both Michigan and California will keep dragging down Comerica's earnings.
With a healthy level of capital, FirstMerit is poised to expand while others pull back.
Growth prospects for Huntington are very dim, reflecting the Midwestern economies' sluggish development.While showing signs of amelioration, Huntington's nonperforming assets are still elevated and will probably produce more losses as the bank works through them.Huntington took massive loan losses
M&I's ambitious growth in the sunshine states has led to permanent shareholder dilution.
On the basis of nationwide Federal Reserve data, commercial real estate delinquencies probably have not peaked yet. With commercial real estate constituting 27% of loans, Old National could be in for some more pain in 2010.Aside from Indianapolis, Old National's footprint can be characterized as
Northern, while large, is not as big as some of its trust bank competitors. The firm is also facing increasing competition in the high-net-worth market for custodial and asset-management services.Because of the very conservative nature of its investing, Northern's net interest margins have
Fifth Third's current footprint comprises some of the nation's slowest-growing states, which may lead the bank to expand outside its area of expertise or venture into other riskier business lines.Credit quality is getting worse for Fifth Third, and we expect loan losses will depress returns for the
US Bancorp's conservative nature has helped it take advantage of the crisis.
Chicagoland's economy probably won't fare better than the U.S. economy as a whole.Commercial real estate corrections tend to be sharper than residential ones. If history repeats itself, First Midwest is in for near-term pain, as 50% of its loan book is tied to that category.First Midwest has built