trending Market Intelligence /marketintelligence/en/news-insights/trending/KHYabNvj0ziKwiiBoyOImw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Wednesday's Bank Stocks: Old Second pops on Greater Chicago deal announcement

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Wednesday's Bank Stocks: Old Second pops on Greater Chicago deal announcement

Shares of Aurora, Ill.-based Old Second Bancorp Inc. popped 6.61% to $13.70 on Dec. 27 after the company announced that it would be acquiring Greater Chicago Financial Corp. in a $41.1 million all-cash deal.

The consideration represents about 119% of Greater Chicago Financial's tangible book value as of Sept. 30 and would allow Old Second to solidify its presence as a midsized financial institution in one of the country's most populous markets.

Analysts reacted positively to the deal announcement. FIG Partners analyst Brian Martin described the deal as "financially attractive" while Sandler O'Neill analyst Andrew Leisch wrote that the deal should be "solidly accretive."

The Dow Jones Industrial Average added 0.11% to 24,774.30, the S&P 500 increased 0.08% to 2,682.62 and the Nasdaq Composite Index ticked up 0.04% to 6,939.34.

The largest banks ended the day mixed, as JPMorgan Chase & Co. added 0.19% to $107.22, Citigroup Inc. increased 0.15% to $74.89, Bank of America Corp. slipped 0.17% to $29.73 and Wells Fargo & Co. declined 0.29% to $60.95.

In notable movers, Chicago-based Byline Bancorp Inc. increased 6.26% to $22.92; San Juan, P.R.-based OFG Bancorp declined 2.69% to $9.05; while Bethesda, Md.-based Eagle Bancorp Inc. lost 2.82% to $56.95.

S&P Dow Jones Indices and S&P Global Market Intelligence are owned by S&P Global Inc.

Market prices and index values are current as of the time of publication and are subject to change.