CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Customers Bancorp climbs after Q3 results

By Reuters News

** Regional lender Customers Bancorp's CUBI.N shares rise 9.2% to $86

** After market close on Thursday, CUBI reported Q3 net income available to common shareholders of $78.4 million, or $2.25 per diluted share, compared with $73.7 million, or $2.20 per share, a year earlier

** Net interest income rose 3% year-over-year to $208.1 million, driven by higher interest income from investment securities and several loan portfolios

** Total loans and leases stood at $18.5 billion and total deposits at a record $22.6 billion as of September 30

** Seven of 11 analysts rate stock "strong buy" or "buy", three "hold" and one "sell" or "strong sell"; their median PT is $92 - data compiled by LSEG

** Including session's moves, stock up 16.8% YTD

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.