SunTrust Banks in Atlanta said its quarterly profit rose 16% as it made more commercial loans.
Behind Citigroup's first-quarter results that momentarily pleased investors are darker signs: rising legal and restructuring costs that take away from efforts to reenergize revenue.
Bank of America Corp. boosted Chief Executive Officer Brian T. Moynihan's compensation 17 percent to $14 million for last year as profit more than doubled.
JPMorgan Chase's large and diversified operations -- including auto lending, wealth management and one-time sales of assets -- helped it shrug off its most recent round of eye-popping settlement and other costs.
JPMorgan Chase and Wells Fargo kicked off bank earnings season with decidedly mixed results. Both were solidly profitable, but their methods for remaining so suggest that smaller rivals may have a hard time following suit. American Banker editors discuss the results and what they say about the industry's prospects for the year ahead.
The nation's largest bank may be dealing with a never-ending run of bad press, but analysts say its fundamentals are sound and still trades at a discount to its peers. They also predict a strong year for banks in the $5 billion to $10 billion range, particularly South Carolina's First Financial Holdings.
Investment banking firm Sandler O'Neill has given Scott Hildenbrand the additional job of co-chief balance sheet strategist.
If compliance burden sends traders packing for Russia, Brazil or Mexico, the U.S. would lose not only investment capital but also the ability to monitor algorithmic trading for manipulative practices.
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.