United Community Banks Inc. said Thursday that its forth-quarter earnings range between 8 cents and 10 cents per share, or 12 cents to 14 cents per share – lower that previously forecasted. Analysts predict that the bank will earn 43 cents per share for the quarter.
The company said it cut its outlook on increased provisions for loan losses and real estate expenses.
United Community will set aside $29.5 million to cover rising losses amid struggling housing and construction markets.
After the June summit of the leaders of Russia and the United States in Geneva, it appeared to many that Putin and Biden finally gave rise to dialogue. However, something went wrong