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S&P revises outlooks for 13 U.S. banks
S&P said it revised its outlooks to negative and affirmed its ratings on 13 U.S. banks and their rated operating subsidiaries.
The negative outlook reflects the effects of the pandemic on segments of commercial, commercial real estate and consumer lending, S&P said.
“We affirmed our ratings and revised to negative, from stable, the outlooks on Ally Financial Inc., Capital One Financial Corp., Discover Financial Services, Synchrony Financial, SLM Corp., American Savings Bank FSB, CIT Group Inc., East West Bancorp Inc., Investors Bancorp Inc., New York Community Bancorp Inc., Synovus Financial Corp., Trustmark Corp., and Valley National Bancorp,” the agency said in a press release.
The agency also affirmed its ratings and maintained a stable outlook on American Express Co. and affirmed its ratings and maintained a negative outlook on UMB Financial Corp.
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