Earnings
Earnings
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HSBC Holdings named Georges Elhedery as its new chief financial officer, setting up the bank's former markets boss as a potential front-runner to eventually replace CEO Noel Quinn.
October 25 -
Loans at the Utah bank increased 6% in the third quarter. Executives said a darkening economic forecast could lower that figure.
October 24 -
CEO Rob Holmes says that much of the Dallas company's increased spending is now in the past. But meeting the bank's targets is "a complete show-me story," one analyst said.
October 24 -
The addition of investment bank Capstone Partners and the wider geographic footprint that resulted from the acquisition of TCF Financial helped drive a 58% increase in net income during the third quarter.
October 21 -
A big settlement with the Consumer Financial Protection Bureau and recent changes to overdraft policies by the Alabama company helped drive down its third-quarter profits by 34%.
October 21 -
Paydowns at the Arkansas bank, which specializes in commercial real estate lending, fell by $1 billion from the prior quarter as refinancing activity slowed amid soaring interest rates. The result was stronger loan growth.
October 21 -
Amex affirmed its full-year guidance, though it is also monitoring for changes in consumer behavior.
October 21 -
The Cincinnati bank reported strong growth from Dividend Finance, which offers renewable energy loans, and Provide, which lends money to health care professionals. The two units were bright spots as the company's net income dropped by 7.2%.
October 20 -
The Washington-based bank is looking to create a Pacific Northwest powerhouse by acquiring Umpqua. The companies are waiting for green lights from the Federal Deposit Insurance Corp. and the Federal Reserve.
October 20 -
The Florida company is making progress after recent moves into Atlanta and Dallas, CEO Rajinder Singh said. Growth in Atlanta is meeting expectations, and the company is weighing lending options in Dallas, where it currently focuses on deposit-gathering.
October 20 -
The Cleveland bank expects to lose about $25 million in fee income per quarter as a result of recent changes to its overdraft policies. CEO Chris Gorman said Key plans to compensate by expanding its customer base.
October 20 -
Pricing discipline at the Georgia bank contributed to a 3.5% quarter-over-quarter decline in deposits. To stem the tide, the company plans to lean into core deposits, brokered deposits and advances from the Federal Home Loan Bank System.
October 20 -
The Rhode Island bank continues to build out a national consumer banking platform, while also reducing its exposure to higher-risk asset classes as the economic outlook darkens.
October 19 -
Executives at the Dallas company said they feel positive about the remainder of the year, though declining deposits could create issues going forward.
October 19 -
Yet the Detroit company's stock fell more than 8% after its earnings report, indicating the market "seems more tentative" than Ally about the credit outlook, one analyst said.
October 19 -
Profits, revenue and net interest income fell short of expectations for the Buffalo, New York, company. It stashed away $50 million of reserves, pointing to worsening forecasts for the global economy and growth in its consumer portfolio.
October 19 -
Silvergate Capital shares slumped 23% after the cryptocurrency-focused bank's third-quarter results missed consensus estimates and a much-anticipated stablecoin launch was delayed.
October 19 -
An uptick in so-called operating losses helped drive up noninterest expenses excluding M&A costs at Truist Financial by 2% year over year, complicating its efforts to achieve positive operating leverage. The cost of reimbursing customers hurt by fraud seems to have been a contributing factor.
October 18 -
The Boston company said Tuesday that its $3.5 billion acquisition of Brown Brothers Harriman's investor service business is facing pushback from regulators. The deal's completion is now in doubt even though State Street has come up with a number of modifications, including lowering the purchase price.
October 18 -
Rather than trying to reach the masses, which proved to be expensive, Goldman is focusing on marketing its online banking platform to its existing pool of wealth management clients. The investment bank has learned that it's "better to play to our strengths," CEO David Solomon said Tuesday.
October 18





















