City National Corp. (CYN) in Los Angeles has announced the pricing of a $100 million public offering.
The $12.8 billion-asset company plans to offer $50 million of common stock and up to $100 million of perpetual preferred stock, it announced Monday.
Small banks often find themselves squeezed out of the derivatives market by larger players. To former BB&T executive Dolf Roell, that's a sign of opportunity.
Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report.
Capital One Financial saw its profits dip in the third quarter as revenues from its flagship credit card business diminished.
American Express said third-quarter profit rose 9.3 percent to $1.37 billion, or $1.25 a share, beating the $1.22 average estimate of 26 analysts surveyed by Bloomberg.
PNC, U.S. Bancorp and KeyCorp all reported loan growth of at least 5% in the third quarter as they focused heavily on strengthening customer relationships and reaped the benefits of expansion into new markets or business lines. Still, revenue and other challenges remain.
Bank of America said third-quarter profit rebounded as the firm curbed legal expenses and more borrowers paid on time.
U.S. Bancorp said third-quarter profit was little changed as revenue fell and the bank set aside less money for bad loans.
PNC Financial Services posted a 9.7 percent profit increase as the lender cut expenses and set aside less money for bad loans.
Revenue at Citi's North American retail bank fell 35% year over year and officials warned that lower mortgage originations and continued spread compression would crimp revenues in the fourth quarter, and perhaps beyond.