Earnings
Earnings
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The Providence, R.I., company reported a 27% gain in profits thanks partly to a boost in fee income from its purchase of Franklin American Mortgage in August.
October 19 -
American Express turned its loss of its Costco card business in 2016 into a pivot to a more technology-heavy strategy, a plan that is paying off with major deals with large partners and solid earnings.
October 19 -
Strong net interest income and other factors made up for a drop in investment banking and other noninterest income at the Atlanta bank, which reported double-digit earnings growth.
October 19 -
The senator wants the Fed to retain its asset cap on Wells Fargo until the CEO is fired; industry groups call on regulators to reconsider or scrap plans to modify Volcker Rule.
October 19 -
A shifting C&I landscape, heated competition for deposits and red flags in consumer lending also took center stage in often testy exchanges between bankers and analysts on quarterly earnings calls.
October 18 -
The Wisconsin company expects outstanding loans to decreased from current levels, particularly due to paydowns tied to commercial real estate loans.
October 18 -
The Arkansas company, which has faced criticism over its concentration in commercial real estate, charged off nearly $46 million tied to a pair of properties in the Carolinas.
October 18 -
American Express Co.’s quest to be accepted everywhere from the corner bodega to the nail salon down the street is paying off.
October 18 -
The California company reported increases in loans and deposits, along with a wider net interest margin.
October 18 -
Earnings were bolstered by lower taxes and higher asset-servicing fees, but revenue was flat and analysts raised concerns about a shrinking deposit base.
October 18 -
The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin.
October 18 -
The North Carolina company reported slightly lower costs and a stable net interest margin in the third quarter.
October 18 -
The New York bank, which reported a 25% increase in third-quarter earnings Thursday, recently began serving digital-asset companies and private equity firms.
October 18 -
Commercial and industrial lending rose 8% in the third quarter at the Cleveland bank, but other factors drove its double-digit gain in profits as overall loan growth was modest.
October 18 -
The Connecticut company also reported modest loan growth and a greatly improved net interest margin.
October 18 -
Banks ask Congress for help with a rule that forces them to estimate loan losses; The network will allow banks to "exchange and verify trade information."
October 18 -
The Portland, Ore, company also benefited from lower expenses and an improved efficiency ratio.
October 18 -
Bigger banks appear to be losing C&I share to small and midsize lenders. That's raising questions about whether community banks — known more for commercial real estate lending — have enough expertise to underwrite deals that larger banks avoid.
October 17 -
Total loans fell, but earnings soared thanks to wider margins, a smaller loan provision and fewer legal costs now that the Wilmington Trust probe is settled.
October 17 -
The Minneapolis company, which reported strong profits but 1% loan growth, is hiring middle-market bankers in New York and launching a digital lending platform aimed at small businesses.
October 17




















