We have downgraded our recommendation on Hilltop Holdings Inc. (NYSE:HTH) to Neutral from Outperform based on weak global cues, amid which expenses and cash outflow are expected to remain elevated. However, a sound capital position along with a risk-free balance sheet has also paved way for resumption of share buybacks.
Hilltop broke even in the third quarter of 2011 against the loss of 13 cents in the year-ago quarter and the Zacks Consensus Estimate of a loss of 22 cents per share. Net income … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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