Earnings
Earnings
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The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees.
October 16 -
Net interest income rose just 1%, but the bank rode a surge in advisory and other fees to beat profit estimates.
October 16 -
Third quarter profits at JPM, Wells Fargo and Citigroup got a boost from consumer banking; the company tells Fed it will remain a passive investor.
October 16 -
Perhaps the biggest test that Charles Scharf will face when he starts next week will be how to control expenses while still trying to make the necessary investments in risk management to satisfy regulators.
October 15 -
Its quarterly results show lower rates and emerging credit risks can be overcome. Whether most banks have all the same levers to pull is another matter.
October 15 -
During the firm's earnings conference call, Chairman and CEO David Solomon attempted to reassure investors about the costs of Marcus, declining to say when the investment bank might break even on the initiative.
October 15 -
Investors got a reminder that the bank isn’t past its problems even as it seeks a fresh start under a new leader.
October 15 -
Better-than-expected trading results also helped to boost net income.
October 15 -
A healthy increase in consumer banking revenue also helped drive an 8% jump in profits at the nation's largest banking company.
October 15 -
Consumer banking is expected to offset the banks’ underperforming Wall Street units; the defections of Visa, Mastercard and Stripe threaten the cyrpto project’s viability before it starts.
October 15 -
Community banks will likely face questions about mortgage lending, deposit gathering and M&A during earnings calls.
October 7 -
Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question.
October 4 -
CUs in the Great Lakes State continue to see positive growth, but several key metrics are increasing at a slower pace.
September 30 -
Bankers are expected to field numerous questions on third-quarter earnings calls about the threat of shrinking loan yields, stubbornly high deposit prices and what they're going to do about them.
September 30 -
The institution also remained well capitalized and its membership rose in the first half of the year.
September 30 -
Wells Fargo still having trouble finding permanent CEO; Some lenders are using the deals to keep their best customers.
September 26 -
The Boston company said the loan participation went into default due to potentially fraudulent activity.
September 23 -
The loan participation has been flagged for potentially fraudulent activity.
September 13 -
The bank is adding senior tech executives from Amazon and Verizon as partners; bank allegedly inflated prices and overcharged investors for mortgage bonds.
September 13 -
Expectations of more rate-cutting and slower GDP growth led the Minneapolis company to scale back its net income and revenue projections through 2022.
September 12



















