The San Francisco bank is also bulking up in Florida and Wyoming, no-tax states where many of its affluent clients have retired or have second homes.

The country's biggest bank is leaning more on fee income to offset rate pressures, expanding in selected U.S. cities and laying the groundwork for operations in China that CEO Jamie Dimon hopes will endure “for 100 years.”

The rebound, combined with strong earnings from debt underwriting and consumer banking, pushed net revenue for the period to the highest since 2015.

Wells Fargo & Co. may have a new leader, but the work of reinvigorating the firm after years of troubles is far from over.

Bank beats estimates as earning soar 21%; a cyberattack on the American banking system could create havoc on financial stability.

Fueled by a rebound in trading, especially in fixed income, the company said profit jumped 21% in the fourth quarter, pushing annual earnings to a record $36.4 billion.

The latest dividend brings the credit union's member returns to more than $32 million in 23 years.

Profits at big banks are expected to be up versus a year ago but down from the third quarter; add antiquated systems to the bank’s many problems.

Estimates for 2020 are for a combined profit drop of $10 billion as global interest rates remain stubbornly low and geopolitical tensions stay high.

The Tulsa-based credit union reached $2 billion in assets at the close of 2019. It hit the $1 billion mark in 2011.

With loan demand weak due to factors beyond their control, small-bank execs can expect to field lots of questions about capital and expense management.

The Alexandria, Va.-based credit union's growth was partly driven by strong earnings through the first three quarters of 2019.

Net interest margin pressure, modest loan growth and limited operating leverage could weigh on bank stocks in 2020, UBS analysts said.

Premier Federal and Educators Credit Union together returned more than $3.7 million to members on the strength of their 2019 performance.

Whitefish FCU in Montana and Hanscom FCU in Massachusetts have both returned money to members on the strength of those institutions' 2019 performance.

The Maine-based credit union saw several successes this year despite a slip in net income.

The Wisconsin-based institution's $4 million return is double what it paid out just five years ago.

Low rates and spotty loan demand mean banks are having to “dig deeper” to improve efficiency and maintain profit margins.

A roundup of some of this year's patronage dividends and how credit unions are passing their success back on to members.

Big picture the industry is doing well, but at the median, lending and membership are flagging even as deposits and assets rise.