Wealth management assets, deposits and fee income swelled at the San Francisco bank, but interest and noninterest costs rose along with them.

The Arkansas company's net income topped $100 million for the first time, though it largely reflected the revaluation of its deferred tax liability.

The bank plans to stick to its multiyear plan to pay out at least $60 billion in capital to shareholders even after booking a larger-than-forecast charge of $22 billion to adjust to the new tax regime

The two banks' tax reform expectations differ as they move in opposite directions; bank bows to pressure to report pay discrepancies.

Apart from a one-time adjustment for deferred taxes, the Dallas company reported strong gains in net interest income and meaningful improvement in all of its key performance ratios.

The JPMorgan Chase CEO is rejecting arguments that banks are poised to loosen underwriting standards to win more mortgage business. He said what's needed to encourage banks to make more loans to borrowers with spotty credit files are changes to FHA rules and other policy fixes.

Executives of large banks told investors and analysts what they wanted to hear Friday when they said they plan to increase returns to shareholders.

Wells Fargo had another surprise for investors in the form of its biggest legal charge yet, showing the lender is not yet past its consumer banking scandals.

The Pittsburgh company got the tax-related boost from an increase in the valuation of its deferred tax liabilities. It was partly offset by several charges.

JPMorgan Chase, Wells Fargo are the first to report; payments company will run pilot to see if digital currency speeds transactions and lowers costs.

The bank's effective tax rate will drop this year to 19% from 32%. That means that if JPMorgan generates the same pretax profit this year as it did in 2017, earnings will rise by more than $3.5 billion.

The company expects to report a $15 million gain in the fourth quarter from the stock sales, which will more than offset any deferred-tax impairment tied to recently passed tax reform.

Outstandings top 2008 high mark, prompting some concerns; big banks are expected to take $31 billion in writeoffs from fourth quarter earnings due to tax reform.

Lower taxes mean more earnings, higher capital levels and perhaps a psychological boost for buyers.

Banks have been in full cost-cutting mode in recent years, but with profits expected to increase substantially as a result of tax reform, all analysts and investors want to know is how they plan to spend their tax savings.

Billionaire’s bid to buy MoneyGram is his latest setback trying to crack the U.S. market; banks want to stick with FICO while nonbanks want to use VantageScore.

The energy crisis, hurricane damage and merger costs have hampered earnings per share at the Louisiana bank. Its CEO has to clear those hurdles and convince investors steady growth is ahead.

The McLean, Va., company and several other banks have disclosed the charges they expect to record in the fourth quarter due to lower values on their deferred tax assets.

The reduction is “primarily” from a lower value of net deferred tax assets, the bank said in a securities filing Friday, the same day President Trump signed the legislation.

The Wisconsin-based corporate credit union will pay out a 7 percent return to members, a new record for the CU.