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Showing results 21 - 40 for "Terris"
Growing Interchange Income Boosts Card Businesses
The Durbin amendment has sapped debit card revenue, but swipe fees are contributing a growing share of earnings at large credit card businesses.
Small Banks' Durbin Shield Worked in 4Q
Interchange revenue increased at small banks in the fourth quarter – the first three months since the debit fee cap was implemented – while it crashed by $2.1 billion, or about $8.5 billion at an annual rate, at banks not protected by the exemption.
Homebuilding May Mark Turnaround for Small Banks
Never mind the shadow inventory of homes ultimately destined for foreclosure. By some lights, the broader excess stock of housing – both for rent and for sale – is manageable, and grounds for a bull case on construction, and maybe construction lending.
New Mortgage Names Rise as Oligopoly Reconfigures
Much of the business ceded by B of A has been absorbed by Wells Fargo. Still, smaller lenders are making inroads as the giants scramble the playing field by shuttering origination channels, or exiting the business altogether.
What Squeeze? NIMs Buoyant Amid Low Rates
For all the anxiety over low interest rates, net interest margins are higher now than they were for much of the last decade. For banks with less than $10 billion of assets, NIMs have been climbing for two and a half years.
Second Tier Issuers Unspool Credit Lines
Companies like American Express, Capital One and USAA have substantially expanded the amount of credit they offer to consumers through cards over the last two years, in contrast to the retrenchment at the three largest three issuers.
A Fickle Measure: Efficiency Ratios Resume Slide
Efficiency ratios have been worsening for two years, with a slump in noninterest income driving much of the deterioration.
Loan Growth Cools in First Quarter
Preliminary data shows that growth in commercial and industrial lending decelerated for the first time in a year and a half. Banks that have reported continued momentum said that gains have come from signing up new customers and taking market share, but that overall credit demand remains tepid.
Big Banks Geared For Higher Rates
On the whole, large banks appear to have primed their books for a rebound in rates: levels of short-term assets relative to short-term liabilities are now higher than they have been during roughly the past decade. The postures of individual institutions vary widely, however.
JPMorgan Chase's Rivals Stick to Vanilla Bonds
If JPMorgan Chase's trading blowup raised worries about booby traps at other financial giants, it might be comforting to know that its securities portfolio is more complex — and perhaps trickier to hedge — than those of rival megabanks.
Bank Stocks Slip, Analyst Forecasts Stay Rosy
Analysts anticipate stable earnings in the year ahead for large-cap banks, despite fears over Europe that have cut into share prices. Analysts have als' penciled in strong earnings growth for 2013 and 2014, though they’ve trimmed expectations for companies like JPMorgan, B of A and Citi.
The S Corp Edge: It's Not Just Taxes
It's more than just the tax advantages that boosts returns for investors in banks classified as S corporations—they appear to be fundamentally more profitable than their C corp counterparts.
Bank Profits Still Hinge on Reserve Drawdowns
A year and a half after reserve releases emerged as a saving grace for bank earnings, allowance reductions accelerated early this year and accounted for perhaps 14% of the industry’s net income.
Calm Before the Storm in Deposit Flows?
Unlike last summer, deposit levels have been relatively stable recently as the euro crisis has reached a new crescendo. Either the most nervous money has already fled to the shelter of the bank safety net, or tensions are only just building.
Bank Tax Rate Slips as Outlook Improves
The effective tax rate for banks has dropped to a range of roughly 30% to 32%, down from a range of roughly 32% to 33% in the years leading up to the recession. Recoveries of deferred tax assets might be the reason.
Turmoil in Europe Spares Foreign Lending in U.S.
Upheaval in funding markets has radically reshaped the liability profile of foreign bank operations in the United States, but they have continued to increase lending despite an exodus of deposits that began in the middle of last year.
Buyers' Market in Bank Stock Offerings
In a slow stretch for issuance of bank shares, companies looking to raise capital for acquisitions have come to the fore in offerings that have performed relatively well.
Midsize Banks Wriggle Free from Margin Squeeze
The yield curve flattened and it showed in margins among the first wave of banks to post second quarter results. But a sizeable group used some remaining levers – like the retirement of trust-preferred securities – to buck the trend.
Credit Card Chargeoffs Tick Up: Interactive Graphic
Chargeoff rates ticked up at four of the six largest issuers in July from the previous month. Delinquencies held steady, however, bucking the typical seasonal increase, and writeoffs appear set to subside in the coming months.
Credit Card Challengers Advance: Interactive Graphic
Lenders have been giving slack on credit lines, but it hasn't been coming from the Big Three. Use this interactive graphic to see line and utilization trends at TD Bank on up.
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Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry.
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