Investors are starting to ask serious questions about the companies lending money to the post-peak energy and agriculture sectors, so it's natural that Barclays analyst Robert Wertheimer and his peers are being asked about Caterpillar Financial in addition to the Deere and CNH Industrial. But Wertheimer isn't concerned about the portfolio of West End-based Cat Financial, which is having to swallow some bitter medicine as its parent company retrenches. The lender, Wertheimer says, is growing market share and should benefit from its greater exposure to the construction sector. Read more of his thoughts here.
The growth story of Pinnacle Financial Partners was spotlighted this week by well-known market publication Investor's Business Daily, which quotes an analyst as saying the company's recent acquisitions of CapitalMark Bank & Trust and Magna Bank provide a clear long-term growth path. Another noteworthy item: CFO Harold Carpenter says the company will finish the year having hired 20 lenders from regional competitors. That's double the 2014 number and means a handful of people have or will come aboard this quarter.
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