Stocks · News reference
Keefe, Bruyette & Woods analyst Timothy Switzer maintains Bank of N.T Butterfield (NYSE:NTB) with a Market Perform and raises the price target from $60 to $66.
Reference details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Bank of N.T Butterfield (NYSE:NTB) reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $1.51 by 4.64 percent. This is a 25.4 percent increase over earnings of $1.26 per share from
Read original at benzingaBank of N.T. Butterfield announced a $1.8 billion acquisition of CIBC's 91.7% stake in CIBC Caribbean Bank Limited, comprising $1.091 billion in cash and $703 million in stock. The deal is expected to create a combined entity with ~$29 billion in assets, deliver ~12% GAAP EPS accretion in year one, and generate $49 million in annual cost savings by 2030. The transaction is expected to close in H1 2027, subject to regulatory approvals.
Read original at benzinga