$FIG (Fortress Investment Group LLC)

$FIG {{ '2016-03-07T13:21:45+0000' | timeago}} • Announcement

Brand management company $ICON said it has entered into a new 5-year $300MM senior secured term loan credit facility provided by credit funds managed by affiliates of $FIG. The company expects to close the transaction within 30 days.

$BBT {{ '2017-10-19T12:11:20+0000' | timeago}} • Infographic

$BBT BB&T Corp. Earnings AlphaGraphic: Q3 2017 Highlights

$BBT {{ '2017-10-19T10:51:02+0000' | timeago}} • Announcement

$BBT's average loans held for investment during 3Q17 were $142.7Bil. Average commercial and industrial loans decreased $295MM. The changes were impacted by the reclassification of approx. $500MM in loans from commercial and industrial to CRE-income producing properties.

$BBT {{ '2017-10-19T10:41:55+0000' | timeago}} • Announcement

Financial services company $BBT reported net income of $597MM, or $0.74 per share for 3Q17, compared with $599MM, or $0.73 per share during 3Q16. Revenue during the quarter rose to $2.8Bil. Excluding items, $BBT earned $0.78 per share, up 2.6% from $0.76 last year.

$JPM {{ '2017-10-16T12:38:37+0000' | timeago}} • Announcement

$JPM declared dividends on the outstanding shares of the firm's Series O, P, T, W, Y, AA and BB preferred stock.

$BAC {{ '2017-10-13T19:10:55+0000' | timeago}} • Webcast

$BAC said it did not see a spike in loan defaults in 3Q17, unlike rivals such as $JPM and $C. However, the Charlotte, North Carolina- based company said it increased its provision for loan losses in the consumer banking segment by $269MM, keeping in mind the impact of hurricanes during the quarter.

$BAC {{ '2017-10-13T18:32:39+0000' | timeago}} • Webcast

Responding to a question whether $BAC would be able to hold the reins on costs in its Global Wealth and Investment Management business, the company said higher expenses are always attached to wealth management fee generation. In 3Q17, efficiency ratio for Wealth Management unit stood at 73%, much higher than Commercial Banking and Consumer units.

$BAC {{ '2017-10-13T18:07:59+0000' | timeago}} • Webcast

As part of its cost-cutting initiative, $BAC said it reduced workforce by 0.5% or 1,065 workers in 3Q17. The banking behemoth has cut over 80,000 jobs since CEO Brian Moynihan announced the initiative in 2011. Bank of America said it doesn't expect to see any more huge job cuts in the near future.

$BAC {{ '2017-10-13T13:15:17+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q3 2017 Highlights

$BAC {{ '2017-10-13T12:14:49+0000' | timeago}} • Announcement

In 3Q17, $BAC witnessed revenue growth in three of its four segments. Revenue from its largest segment, Consumer Banking, increased 10%, while that from Global Wealth and Investment Management rose 6%. Global Banking segment revenue rose 5%, but revenue from Global Markets fell 11% during the quarter.

$BAC {{ '2017-10-13T12:07:34+0000' | timeago}} • Announcement

$BAC said its loans in 3Q17 totaled $927.1MM, while deposits came in at $1.284 trillion. Meanwhile, driven by higher commercial losses, $BAC's net charge-offs rose by $12Bil YoY to $900MM.

$BAC {{ '2017-10-13T12:02:32+0000' | timeago}} • Announcement

$BAC, the second largest US bank by assets, said sales and trading revenue fell 13% to $3.1Bil in 3Q17 due to unfavorable market conditions and lower volatility in rates products. Fixed-income trading revenue fell 22% to $2.15Bil. Earlier, rivals $C and $JPM had also reported 16% and 27% declines respectively in their fixed-income trading revenues.

$BAC {{ '2017-10-13T11:53:40+0000' | timeago}} • Announcement

In spite of weak bond trading business, $BAC reported 13% jump in net income in 3Q17 to $5.6Bil, or $0.48 per share. Meanwhile, riding on a 9% climb in Net Interest Income during the quarter, the banking giant managed to modestly lift its revenue up 1% to $22.08Bil.

$C {{ '2017-10-12T20:07:00+0000' | timeago}} • Webcast

$C expects NII to see an additional growth of $500MM YoY in 4Q17. Through this, the company is roughly in line with its projection of $1Bil of NII growth in 2H17, as it has already achieved a growth of $450MM in 3Q17.

$C {{ '2017-10-12T19:56:21+0000' | timeago}} • Webcast

$C said its card business with retailer $COST has been highly successful. "We've continued to be able to grow account balances and we've seen continued growth in the purchases. So it's still looking like an absolute winner for us," the company said.

$C {{ '2017-10-12T18:55:34+0000' | timeago}} • Infographic

Though expected, banking giants $C and $JPM reported decline in trading revenues in 3Q17, hurt by tepid volatility in market. However, Citigroup displayed a slightly better performance, helped by growth in stock trading revenue.

$JPM {{ '2017-10-12T18:48:27+0000' | timeago}} • Webcast

As $JPM posted 3Q17 results, the financial giant expects next quarter’s markets revenues to be lower year-on-year.

$JPM {{ '2017-10-12T17:53:40+0000' | timeago}} • Webcast

As $JPM posted 3Q17 results, the banking giant announced, "from here, we expect the direction of travel for our CET 1 ratio to be lower over time."

$JPM {{ '2017-10-12T17:20:31+0000' | timeago}} • Infographic

$JPM JPMorgan Chase & Co. Earnings AlphaGraphics: Q3 2017 highlights

$C {{ '2017-10-12T14:10:59+0000' | timeago}} • Infographic

$C Citigroup Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$C {{ '2017-10-12T13:09:50+0000' | timeago}} • Announcement

In 3Q17, $C reported 3% growth in its Global Consumer Banking segment and 9% growth in Institutional Clients Group. Revenue from its smaller Corporate segment, meanwhile, saw a decline of 55% during the quarter.

Recent Transcripts

GHL (Greenhill & Co., Inc.)
Wednesday, October 18 2017 - 8:30pm
PZN (Pzena Investment Management, Inc)
Wednesday, October 18 2017 - 2:00pm
BAC (Bank of America Corporation)
Friday, October 13 2017 - 12:30pm
C (Citigroup Inc.)
Thursday, October 12 2017 - 2:00pm
JPM (JPMorgan Chase & Co.)
Thursday, October 12 2017 - 12:30pm
GROW (U.S. Global Investors, Inc.)
Tuesday, September 12 2017 - 9:00pm
EV (Eaton Vance Corp.)
Wednesday, August 23 2017 - 3:00pm
AEG (AEGON N.V.)
Thursday, August 10 2017 - 7:00am
FNGN (Financial Engines, Inc.)
Tuesday, August 8 2017 - 9:00pm
SCM (Stellus Capital Investment Corporation)
Friday, August 4 2017 - 3:00pm
ICE (Intercontinental Exchange, Inc.)
Thursday, August 3 2017 - 12:30pm
ARCC (Ares Capital Corporation)
Wednesday, August 2 2017 - 4:00pm
APO (Apollo Global Management, LLC)
Wednesday, August 2 2017 - 2:00pm
OZM (Och-Ziff Capital Management Group LLC)
Wednesday, August 2 2017 - 12:30pm
AMG (Affiliated Managers Group Inc.)
Monday, July 31 2017 - 12:30pm
SF (Stifel Financial Corp.)
Monday, July 31 2017 - 12:00pm
BEN (Franklin Resources, Inc.)
Friday, July 28 2017 - 3:00pm
GHL (Greenhill & Co., Inc.)
Thursday, July 27 2017 - 8:30pm
OAK (Oaktree Capital Group, LLC)
Thursday, July 27 2017 - 3:00pm
KKR (KKR & Co LP)
Thursday, July 27 2017 - 2:00pm

AlphaGraphics you may like