$WDR (Waddell & Reed Financial, Inc.)

$WDR {{ '2016-07-26T15:58:42+0000' | timeago}} • Announcement

$WDR said it appointed Daniel Scherman as SVP of its investment adviser subsidiaries, Waddell & Reed Investment Management Co. and Ivy Investment Management Co., in the newly created role of Chief Risk Officer. He will report to John Sundeen Jr., SVP and CAO, Investments and indirectly report to Philip Sanders in his upcoming role as CEO.

$SLM {{ '2018-01-17T22:20:00+0000' | timeago}} • Announcement

$SLM expects full-year 2018 diluted core EPS to be $0.97-1.01. The company expects full-year 2018 private education loan originations of $5Bil and non-GAAP operating efficiency ratio of 37-38%.

$SLM {{ '2018-01-17T22:16:06+0000' | timeago}} • Announcement

$SLM reported a decrease in 4Q17 earnings. Net income attributable to common stock was $44MM or $0.10 per share compared to $65MM or $0.15 per share in 4Q16. The YoY decrease was primarily attributable to the required accounting treatment for the effects of the Tax Act.

$GS {{ '2018-01-17T21:27:47+0000' | timeago}} • Webcast

$GS expects medium-term share buybacks of $5-6Bil annually. The company said there are many factors that drive the buyback. Those factors include earnings profile, next CCAR cycle and the evolution of the test. The test especially depends on severity of the macro shock.

$GS {{ '2018-01-17T21:20:24+0000' | timeago}} • Webcast

For 1Q18, assuming current stock price levels, $GS estimates the equity compensation related accounting benefit to be about $175MM. Given the positive backdrop for investing further in franchise and the impact of tax legislation on capital ratios, $GS does not expect to use all of its 2017 CCAR cycle authorization in 2018.

$GS {{ '2018-01-17T21:17:56+0000' | timeago}} • Webcast

In 4Q17, $GS consolidated its online lending and deposit platforms under the Marcus brand. Feedback on lending and deposit products has been positive. The company plans to build on this momentum in 2018, while remaining disciplined in its underwriting standard, focused on lending to creditworthy customers.

$GS {{ '2018-01-17T21:06:15+0000' | timeago}} • Webcast

$GS said it took a one-time charge of $4.4Bil in 4Q17 with regard to the effect of U.S. tax reform. The charge includes about $3.3Bil associated with the one-time deemed repatriation tax on foreign earnings and about $1.1Bil related to the remeasurement of deferred tax assets. $GS said there is clearly potential for increased business activity.

$BEN {{ '2018-01-17T20:45:23+0000' | timeago}} • Announcement

Investment management company $BEN to acquire Edinburgh Partners Limited. The transaction is subject to regulatory approvals and is expected to be completed in 1H18. Terms of the transaction were not disclosed.

$USB {{ '2018-01-17T18:01:04+0000' | timeago}} • Announcement

$USB named Andy Cecere, President and Chief Executive Officer, as Chairman of the BoD, effective April 2018. Cecere succeeds  Richard Davis, Executive Chairman, who will retire after the board transition in April.

$USB {{ '2018-01-17T17:44:08+0000' | timeago}} • Announcement

Minneapolis-based bank $USB saw a benefit of $910MM in 4Q17 from the new federal tax law, helping the bank earn $1.68Bil, or $0.97 per share, up 13.8% from a year ago. This increase was also driven by rising interest rates and loan growth. Non-GAAP EPS was $0.88. Total revenue during the quarter was $5.63Bil, up 3.7% YoY.

$C {{ '2018-01-17T16:52:09+0000' | timeago}} • Webcast

$C said the tax reform is a clear net positive for Citi and its shareholders. CEO Michael Corbat said, "The changes will not only boost Citigroup's profits, but allow the bank to generate higher returns and generate more capital."

$GS {{ '2018-01-17T15:49:01+0000' | timeago}} • Announcement

$GS' BoD declared on Jan. 16 a dividend of $0.75 per common share, payable on March 29, 2018 to shareholders of record on March 1, 2018. During 4Q17, the company repurchased 6.6MM shares at an average cost per share of $241.13, for a total cost of $1.59Bil.

$GS {{ '2018-01-17T15:44:30+0000' | timeago}} • Announcement

$GS' revenue in Investment Management for 4Q17 rose 4% year-over-year to $1.66Bil. This was primarily due to higher management and other fees, reflecting higher average assets under supervision, partially offset by lower incentive fees. During 4Q17, total assets under supervision increased $38Bil to $1.49 trillion.

$GS {{ '2018-01-17T15:41:05+0000' | timeago}} • Announcement

$GS' equity securities revenue for 4Q17 grew 18% year-over-year to $1.21Bil, reflecting a significant increase in net gains from private equities. Revenue in debt securities and loans declined 2% to $449MM, due to higher provisions for loan losses, primarily from impairment of a secured loan.

$GS {{ '2018-01-17T15:39:00+0000' | timeago}} • Announcement

$GS' trading revenue for 4Q17 plunged 50% year-over-year to $1Bil. This was due to significant lower revenues in currencies, credit products, interest rate products and commodities. Fixed Income, Currency and Commodities Client Execution continued to operate in a challenging environment due to low levels of volatility and low client activity.

$GS {{ '2018-01-17T15:38:23+0000' | timeago}} • Announcement

$GS' revenue in Investment Banking for 4Q17 jumped 44% year-over-year to $2.14Bil. This was driven by higher revenue in the U.S. Financial Advisory as well as higher revenue in both debt underwriting and equity underwriting.

$GS {{ '2018-01-17T15:37:58+0000' | timeago}} • Announcement

$GS slipped to a loss in 4Q17 from a profit last year, due to a $4.40Bil record of income tax expenses related to Tax Legislation. Net loss of $2.14Bil or $5.51 per share compared to a profit of $2.15Bil or $5.08 per share last year. Excluding expense, EPS were $5.68 for 4Q17. Revenue fell 4% to $7.8Bil.

$BAC {{ '2018-01-17T14:59:23+0000' | timeago}} • Announcement

Net interest income grew 11.4% to $11.46Bil for $BAC in 4Q17. This was primarily driven by three interest rate increases in 2017. However, non-interest income fell 7% to $9Bil due to the impact of the tax act and lower mortgage banking income.

$BAC {{ '2018-01-17T14:54:10+0000' | timeago}} • Announcement

$BAC said its trading revenue for 4Q17 fell 11% to $2.5Bil, driven by a 13% decline in fixed income trading. The decline was primarily due to lower volatility and client activity. Earlier, rivals $JPM and $C had reported declines in bond trading of 34% and 18% respectively in 4Q17.

$BAC {{ '2018-01-17T14:45:46+0000' | timeago}} • Announcement

Joining the bandwagon of other banking giants, $BAC reported 4Q17 earnings that almost halved to $2.37Bil, or 20 cents per share, weighed down by charges related to Republican tax reforms, as well as lower trading. Excluding this charge, net income was 47 cents per share. Revenue for the quarter edged up 2% to $20.4Bil.

$GS {{ '2018-01-17T14:19:57+0000' | timeago}} • Infographic

$GS Goldman Sachs Group Inc. Earnings AlphaGraphic: Q4 2017 Highlights

Recent Transcripts

GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
USB (U.S. Bancorp)
Wednesday, January 17 2018 - 2:00pm
BAC (Bank of America Corporation)
Wednesday, January 17 2018 - 1:30pm
IBKR (Interactive Brokers Group, Inc.)
Tuesday, January 16 2018 - 9:30pm
OZRK (Bank Of The Ozarks Inc)
Tuesday, January 16 2018 - 4:00pm
C (Citigroup Inc.)
Tuesday, January 16 2018 - 3:00pm
CMA (Comerica Incorporated)
Tuesday, January 16 2018 - 1:00pm
PGR (Progressive Corp.)
Friday, November 3 2017 - 2:00pm
FNGN (Financial Engines, Inc.)
Thursday, November 2 2017 - 9:00pm
JMP (JMP Group LLC)
Thursday, November 2 2017 - 2:00pm
APO (Apollo Global Management, LLC)
Wednesday, November 1 2017 - 2:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
SF (Stifel Financial Corp.)
Monday, October 30 2017 - 9:00pm
AMG (Affiliated Managers Group Inc.)
Monday, October 30 2017 - 12:30pm
NMR (Nomura Holdings, Inc.)
Monday, October 30 2017 - 9:30am
BEN (Franklin Resources, Inc.)
Thursday, October 26 2017 - 3:00pm
PJC (Piper Jaffray Companies)
Thursday, October 26 2017 - 1:00pm
RJF (Raymond James Financial, Inc.)
Thursday, October 26 2017 - 12:15pm
UNM (Unum Group)
Thursday, October 26 2017 - 12:00pm
LM (Legg Mason Inc.)
Wednesday, October 25 2017 - 9:00pm

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