$WIBC (Wilshire Bancorp Inc.)

$WIBC {{ '2016-04-19T05:33:36+0000' | timeago}} • Announcement

$WIBC reported loan originations of $276.1MM in 1Q16. Loans receivable, net of deferred fees and costs, fell 1% to $3.79Bil at March 31. Total deposits were $3.85Bil at March 31. Loan yields were 4.61% and total cost of deposits was 0.62% in the quarter.

$CMA {{ '2017-10-17T15:23:11+0000' | timeago}} • Infographic

$CMA Comerica Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$MS {{ '2017-10-17T14:28:10+0000' | timeago}} • Announcement

During 3Q17, $MS's BoD declared a quarterly dividend of $0.25 per share, payable on November 15, 2017 to common shareholders of record on October 31, 2017.

$MS {{ '2017-10-17T14:27:48+0000' | timeago}} • Announcement

$MS's fixed income trading revenue, that witnessed a dramatic increase last year, however fell 21% to $1.2Bil during 3Q17. The bank attributed this decline to subdued activity in the current quarter.

$CMA {{ '2017-10-17T14:24:31+0000' | timeago}} • Announcement

For 4Q17 compared to 3Q17, $CMA expects non-interest expense to be impacted by restructuring expenses of about $15MM and expenses tied to revenue growth, such as outside processing expenses and advertising. Income tax expense is expected to be about 33% of pre-tax income, assuming no further tax impact from employee stock transactions.

$CMA {{ '2017-10-17T14:23:00+0000' | timeago}} • Announcement

For 4Q17 compared to 3Q17, $CMA expects growth in average loans of about 1%. This will reflect a seasonal increase in National Dealer Services and increases in general Middle Market, Corporate Banking and Technology and Life Sciences, partially offset by a seasonal decrease in Mortgage Banker Finance.

$CMA {{ '2017-10-17T14:21:01+0000' | timeago}} • Announcement

For 4Q17 compared to 3Q17, $CMA expects net interest income to reflect lower non-accrual interest recoveries, partially offset by loan growth. Non-interest income is expected to benefit from the execution of GEAR Up opportunities driving increases in treasury management income, card fees and fiduciary income.

$CMA {{ '2017-10-17T14:17:48+0000' | timeago}} • Announcement

$CMA's net interest income for 3Q17 grew to $546MM from $450MM last year, on net benefit from higher short-term rates and significantly higher interest recoveries. Non-interest income increased to $275MM from $272MM, on a rise in card fees, partially offset by a decline in commercial lending fees.

$CMA {{ '2017-10-17T14:15:59+0000' | timeago}} • Announcement

$CMA reported a jump in 3Q17 earnings driven by an increase in net interest income and an increase in non-interest income. Net income rose to $226MM or $1.26 per share from $149MM or $0.84 per share last year. Adjusted EPS increased to $1.27 from $0.91.

$MS {{ '2017-10-17T14:12:21+0000' | timeago}} • Announcement

$MS joins the list of other major banks on declining trading revenue, as it saw an 8% decline for 3Q17. The bank, on the other hand, saw its profit grow to 12% YoY, mainly due to the strong performance of its wealth management division and higher investment banking fees. Net income rose 12% to $1.8Bil, or $0.93 per share on 3% revenue growth.

$MS {{ '2017-10-17T12:46:56+0000' | timeago}} • Infographic

$MS Morgan Stanley Earnings AlphaGraphics: Q3 2017 highlights

$FITB {{ '2017-10-16T14:22:06+0000' | timeago}} • Announcement

$FITB announced a strategic relationship with $MA and AvidXchange to bring a best-in-class automated accounts payable solution to Fifth Third Bank's clients. As part of the relationship, Fifth Third will become the first bank to join The Mastercard B2B Hub powered by AvidXchange.

$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.

$WFC {{ '2017-10-13T18:27:56+0000' | timeago}} • Announcement

For 3Q17, $WFC's revenue came under pressure, declining 2% YoY to $21.9Bil. Operating expenses rose 8%, mainly due to the legal costs the bank is facing to resolve its fake accounts fall-out. Notably, to fight rising legal costs, the bank has planned to slash its expenses by $4Bil by the end of 2019 by shutting down more than 400 branches.

$PNC {{ '2017-10-13T18:23:06+0000' | timeago}} • Webcast

Looking ahead to 4Q17 compared to the third quarter, $PNC expects modest growth in loans, with net interest income, fee income and expenses to each be up in the low single digits, and the provision to be between $100-150MM.

$PNC {{ '2017-10-13T18:16:33+0000' | timeago}} • Webcast

For the remainder of FY17, $PNC expects continued steady growth in GDP and a 25 basis-point increase in short-term interest rates in December.

$WFC {{ '2017-10-13T18:16:09+0000' | timeago}} • Announcement

Amidst the struggle to recover from its fake accounts scandal that resulted in millions in penalties and resignation of then-CEO John Stumpf, $WFC posted lowest quarter earnings in seven years. The bank's profit for 3Q17 fell 19% YoY as it set aside $1Bil to cover regulatory investigations into lending practices prior to the 2008 financial crisis.

$PNC {{ '2017-10-13T18:14:39+0000' | timeago}} • Webcast

As $PNC posted 3Q17 results, the financial giant continues to expect the effective tax rate to be between 25% and 26% in FY17.

$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.

Recent Transcripts

WFC (Wells Fargo & Company)
Friday, October 13 2017 - 2:00pm
PNC (The PNC Financial Services Group, Inc.)
Friday, October 13 2017 - 1:30pm
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
AFSI (AmTrust Financial Services, Inc.)
Tuesday, August 8 2017 - 9:30pm
ICE (Intercontinental Exchange, Inc.)
Thursday, August 3 2017 - 12:30pm
KKR (KKR & Co LP)
Thursday, July 27 2017 - 2:00pm
HFWA (Heritage Financial Corporation)
Wednesday, July 26 2017 - 6:00pm
PROV (Provident Financial Holdings, Inc.)
Wednesday, July 26 2017 - 4:00pm
OKSB (Southwest Bancorp Inc.)
Wednesday, July 26 2017 - 3:00pm
PPBI (Pacific Premier Bancorp Inc.)
Tuesday, July 25 2017 - 4:00pm
WAL (Western Alliance Bancorporation)
Friday, July 21 2017 - 4:00pm
FITB (Fifth Third Bancorp)
Friday, July 21 2017 - 2:00pm
HBAN (Huntington Bancshares Incorporated)
Friday, July 21 2017 - 1:00pm
USB (U.S. Bancorp)
Wednesday, July 19 2017 - 1:00pm
MS (Morgan Stanley)
Wednesday, July 19 2017 - 12:30pm
BAC (Bank of America Corporation)
Tuesday, July 18 2017 - 12:30pm
CMA (Comerica Incorporated)
Tuesday, July 18 2017 - 12:00pm

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