Earnings
Earnings
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Third-quarter results from PNC, Bank of America, First Horizon and others suggest that demand for commercial loans may not be as weak as bankers and investors had feared. Or maybe some banks are just getting really good at poaching rivals’ customers.
October 13 -
Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues.
October 13 -
Fee income also surged as the San Francisco bank reached the $100 billion mark in wealth management assets.
October 13 -
The Pittsburgh company benefited from loan growth and higher interest rates, though fee income fell and expense rose in the third quarter.
October 13 -
Wells Fargo took a surprise $1 billion charge in the third quarter for previously disclosed pre-crisis, mortgage-related regulatory investigations. It contributed to a 19% fall in profits.
October 13 -
The ratings agency said its systems were not compromised, but it is taking precautions on reports of an attempted hack; new MIT-backed comapny to rate financial firms on vulnerability to financial crime.
October 13 -
Total revenue rose less than 1% to $21.8 billion, but expenses declined 2.5% to $13.1 billion. That computed to the highest profit at Bank of America in six years.
October 13 -
Consumers are looking for high-tech services, not just higher deposit rates, in deciding where to park their cash, a top JPMorgan executive said in discussing the company's explosive deposit growth in the third quarter — and whether it will continue.
October 12 -
The company had strong gains in construction lending and trust fee income, but its business lending operation had flat results.
October 12 -
John Flint, HSBC's current retail chief, will take the helm next February; asset manager BlackRock has added $1 trillion of assets in the past year, or more than $1.5 billion every business day.
October 12 -
Overall net income rose 8% to $4.13 billion as cost control helped overcome shortcomings in global consumer banking profits and bond trading revenue.
October 12 -
An increase in corporate loans, the highest lending margin in four and a half years and record profit in asset management helped the lender top analysts’ estimates and offset trading and other challenges.
October 12 -
A 38% increase in new loan originations led to another quarter of record earnings.
October 11 -
Hackers accessed driver’s license data on nearly 11 million people, the company says; the rally in bank shares may sputter out if third-quarter earnings reports disappoint.
October 11 -
Demand for commercial loans has been weak for much of the past year and among the big questions bank executives will face this earnings season is when they can expect the pace to finally pick up.
October 10 -
The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business.
October 5 -
An internal CFPB memo says it was considering a $10 billion fine before settling on $100 million; state suit against credit bureau is likely to be the first of many.
September 20 -
Lenders aren’t happy with the way the credit bureau has responded to the data breach; JPM chief calls digital currency “a fraud.”
September 13 -
Royal Bank, the first Canadian lender to report fiscal third-quarter results, saw a jump in profit from its domestic banking operations amid signs that the nation's economy is accelerating.
August 23 -
Bank earnings rose nearly 11% in the second quarter, according to the FDIC; Goldman lobbying to kill or weaken the rule to boost its bond trading performance.
August 23




















