trending Market Intelligence /marketintelligence/en/news-insights/trending/nkidtHyKNTQb0mXDr8ajBA2 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

Fitch affirms 5 large US regional banks

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Fitch affirms 5 large US regional banks

Fitch Ratings affirmed five large U.S. regional banks.

Capital One Financial Corp.'s long-term and short-term issuer default ratings were affirmed at A-/F1. The outlook on the ratings remains stable. The ratings remain supported by Capital One's banking franchise, good funding position and good capital levels relative to rating levels. The affirmation is also supported by core earnings performance in-line with Capital One's current rating level.

The rating agency also affirmed Truist Financial Corp. and primary operating subsidiary Truist Bank's long-term issuer default rating and viability ratings at A+ and "a+," respectively. Fitch affirmed the entities' F1 short-term issuer default ratings. The outlook on the ratings remains stable.

Fitch said Truist Financial's rating strength will be driven by management's ability to successfully execute on integrating systems as well as integrating culture after the merger of equals between BB&T Corp. and SunTrust Banks Inc. The affirmation also reflects Fitch's expectation that the combined entity's franchise and overall company profile will bring out the complementary nature of the merger of equals as highlighted by management at the deal's announcement. Fitch also expects the combined entity to remain a strong core earnings performer amongst peers driven by sound credit risk management.

Wells Fargo & Co.'s long-term issuer default rating was affirmed at A+. The ratings outlook is stable. The affirmation reflects the company's solid capital and liquidity profiles. Fitch added that relative to Wells Fargo's large regional bank peers, the bank is subject to both higher capital and liquidity requirements that provide an added layer of creditor protection and lend support to the company's current ratings.

U.S. Bancorp's long-term and short-term issuer default ratings were affirmed at AA-/F1+. The ratings outlook remains stable. U.S. Bancorp's ratings continue to reflect its strong risk-adjusted earnings performance driven by its superior, balanced business model, according to the rating agency. The ratings also reflect Fitch's positive view of management's consistent and well-communicated strategy on which it has executed on over the years.

PNC Financial Services Group Inc.'s long-term and short-term issuer default ratings were also affirmed at A+/F1. The ratings outlook is stable. The affirmation reflects the company's strong earnings profile, stable and diverse business model, consistent performance through time and solid liquidity profile. Fitch also views the company's company profile as strong, supported by its solid deposit market shares, and a diverse business model, with particular strengths in commercial and corporate banking, treasury management, middle-market M&A advisory and wealth management.