Earnings
Earnings
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Higher interest rates and larger card balances set the stage for an 11% jump in revenue from U.S. personal banking in the second quarter. That blunted the impact of a 78% surge in write-offs tied to consumer loans.
July 14 -
Executives now see Wells Fargo's NII rising roughly 14% for the full year, more than the 10% jump they had earlier projected.
July 14 -
JPMorgan Chase's revenue soared to a record in the second quarter, boosted by the Federal Reserve's interest rate hikes and its acquisition of First Republic Bank.
July 14 -
For now, worries about more bank failures have faded. But in the wake of the recent industry turmoil, higher funding costs are expected to weigh on banks' second-quarter results.
July 12 -
To avoid a third straight quarter of disappointing investors on earnings day, Goldman executives have been actively downplaying expectations for results that will be disclosed next week.
July 12 -
California's bid to regulate EWA programs as though they are loans would harm workers, companies and the state's economy.
July 3 -
California regulators are suggesting that programs that allow workers fee-free access to their earnings between pay periods should be treated as loan products. That's wrong and short-sighted.
June 20 -
Both regional banks announced weaker guidance for net interest income than they had foreseen two months ago. The disclosures highlighted pressures that figure to take up a lot of the oxygen during second-quarter earnings season.
June 14 -
As he updated RBC shareholders on a disappointing quarter, CEO Dave McKay cited the U.S. banking crisis and gridlock over the debt ceiling.
May 25 -
Bank of Montreal and Bank of Nova Scotia increased provisions for loan losses in their fiscal second quarters amid a macroeconomic outlook that's continuing to darken.
May 24