Earnings
Earnings
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Strong gains in net interest income offset a decline in fee income, but a recent settlement with the federal government over alleged misconduct at its Wilmington Trust unit weighed on the Buffalo company's overall results.
October 18 -
Net interest margin widened 12 basis points, too. Those lending results offset a decline in fee income at the Minneapolis company, which saw earnings rise 4%.
October 18 -
Profits at the custody bank rose 16%, but it announced a new streamlining program that is expected to generate yearly savings of $250 million by 2020.
October 18 -
The company, which plans to change its name to Hancock Whitney next year, reported increased profit that reflected balance sheet growth.
October 18 -
Quarterly earnings at big five banks could have been worse; Chase to buy WePay, which helps online marketplaces and crowdfunding websites process payments.
October 18 -
PacWest reversed a valuation allowance on tax credits, which helped boost third-quarter earnings. PacWest also expects its deal for CU Bancorp to close this week.
October 17 -
The Dallas company reported strong profits in the third quarter as higher yields on loans and improved cost control more than offset slight declines in loan balances and earning assets.
October 17 -
Third-quarter profits at the Georgia bank rose 52% thanks to doubled-digit growth in consumer lending and the sale of credit card assets it had obtained from the retailer Cabela's.
October 17 -
Supreme Court will hear challenge to card company’s anti-steering rules; Anthony Alexis has been in the role for most of the agency’s six years of existence.
October 17 -
Morgan Stanley’s net income rose 12% to $1.8 billion, or 93 cents a share, from $1.6 billion, or 81 cents, a year earlier.
October 17