$FNFG (First Niagara Financial Group Inc.)

$FNFG {{ '2016-03-23T15:33:28+0000' | timeago}} • Announcement

$KEY and $FNFG announced that each company's shareholders voted in favor of merger between two companies. Shareholders approved the merger during special meetings held by $FNFG and $KEY. The affirmative votes by shareholders of both companies allow proposed merger to continue to move forward. Closing of merger is anticipated during 3Q16.

$BK {{ '2018-01-18T21:34:13+0000' | timeago}} • Webcast

As a result of tax reforms, Bank of New York Mellon expects to reinvest the cash in building capital base, organic investments, acquisitions, and via dividends & buybacks. $BK also plans to increase minimum wages for all employees to $15 per hour in the US. The company also plans to increase technology spending as 75% of the business is tech based.

$BAC {{ '2018-01-18T18:12:16+0000' | timeago}} • Webcast

$BAC said it expects solid NII growth in 2018 from loan and deposit growth. "The increase is going to depend upon the amount of loan growth, the utilization of rates increasing along the forward curve and obviously our ability to manage the deposit rate pay," CFO Paul Donofrio said.

$BAC {{ '2018-01-18T17:13:36+0000' | timeago}} • Webcast

During the earnings conference call, $BAC CEO Brian Moynihan said a lion's share of the saving driven by the tax overhaul will be distributed to shareholders as dividends and share buybacks.

$BK {{ '2018-01-18T15:36:57+0000' | timeago}} • Announcement

The world's largest custodian bank Bank of New York Mellon reported 37% jump in 4Q profits due to tax reforms. Revenue for the quarter dropped 2% to $3.7Bil (fee revenues contributed 77%), while assets under custody increased 11% to $33.3 trillion. Tax benefits stood at $427MM. $BK also recorded $246MM in severance and litigation charges.

$BK {{ '2018-01-18T14:57:49+0000' | timeago}} • Infographic

$BK Bank of New York Mellon Corporation Earnings AlphaGraphic: Q4 2017 Highlights

$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.

$BAC {{ '2018-01-17T13:32:50+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q4 2017 Highlights

$XL {{ '2018-01-16T13:57:27+0000' | timeago}} • Announcement

$XL appointed Leila Madeiros, SVP, Deputy Director and Corporate Secretary of the Association of Bermuda Insurers and Reinsurers, as Head of Compliance & Regulatory Affairs, Bermuda. Madeiros will report to Sean McGovern, $XL's Chief Compliance Officer & Head of Government & Regulatory Affairs and will be a member of his leadership team.

$XL {{ '2018-01-11T13:34:39+0000' | timeago}} • Announcement

$XL said that due to the recent wildfires in Southern California it is estimating natural catastrophe net losses of about $45MM and about $20MM related to other events. The estimated losses are evenly split between $XL's Insurance & Reinsurance segments. $XL also reaffirmed its previously disclosed aggregate net losses related to 3Q17 catastrophes.

$FCF {{ '2018-01-11T12:12:39+0000' | timeago}} • Announcement

Financial services firm $FCF has signed a definitive agreement to acquire Garfield Acquisition Corp. and its subsidiary Foundation Bank for $58MM, in a cash and stock transaction. The deal is part of First Commonwealth’s initiatives to expand its footprint into Ohio. The transaction is expected to close in the second quarter of 2018.

$XL {{ '2018-01-09T14:10:18+0000' | timeago}} • Announcement

XL Catlin, a unit of insurance firm $XL, has appointed Simon Price as Head of Mergers and Acquisitions, Insurance, EMEA. Price had been working for Marsh's Private Equity and M&A practice, with the most recent role being Head of the company's UK Transaction Risk Team. Earlier, he was engaged in private legal practice in London for 10 years.

$BAC {{ '2018-01-08T20:37:25+0000' | timeago}} • Announcement

$BAC announced that Joe Gianni will succeed Kevin Cunningham as Market President, serving as the company’s enterprise leader in Hartford. Cunningham will focus full-time on his new responsibilities as the Global Commercial Bank Credit executive for Specialized Industries and Canada.

$WTFC {{ '2018-01-05T12:24:19+0000' | timeago}} • Announcement

Barrington Bank & Trust, a unit of financial services firm $WTFC, has closed the acquisition of certain assets of iFreedom Direct Corp DBA Veterans First Mortgage. The deal, which includes assumption of certain liabilities, is expected to be modestly accretive to Wintrust’s 2018 earnings. Financial terms of the transaction were not  disclosed.

$XL {{ '2018-01-05T11:49:49+0000' | timeago}} • Announcement

XL Catlin, a unit of $XL, has appointed Todd Wilhelm as Regional Product Leader of Energy, Property and Construction for Asia Pacific. Most recently, Wilhelm served QBE Insurance as Chief Underwriting Operations Officer. Earlier, he had worked at ACE Insurance and FM Global.

$WBS {{ '2018-01-04T14:23:40+0000' | timeago}} • Announcement

$WBS announced an acceleration of investment in its employees and the communities it serves following the passage of new federal tax reform legislation. These include: lifting minimum wage to $15 per hour by the end of 2018, and payment of one-time $1,000 cash bonus in 1Q18 to full-time employees who are below the vice president level.

$WBS {{ '2018-01-04T14:02:34+0000' | timeago}} • Announcement

$WBS said it will pay a one-time $1,000 cash bonus in 1Q18 to full-time employees who are below the vice president level. This payment will benefit approx. 70% of all the company’s full-time employees. $WBS will also increase its minimum wage to $15 per hour by the end of 2018.

$BXS {{ '2018-01-04T12:15:00+0000' | timeago}} • Announcement

$BXS announced an additional investment in its employees, which includes pay increases and /or one-time bonuses to nearly all non-commissioned employees. The investment of over $10MM in 2018 will benefit 96% of the company's non-commissioned workforce. Pay increases were effective Jan. 1, 2018.

$XL {{ '2018-01-03T22:14:28+0000' | timeago}} • Announcement

$XL announced that Jacob Rosengarten, Group Chief Enterprise Risk Officer, retired effective December 31, 2017. Fielding Norton, who previously held the position of Deputy Chief Enterprise Risk Officer, has been appointed as his successor, subject to Bermuda immigration approval.

Recent Transcripts

BK (The Bank of New York Mellon Corporation)
Thursday, January 18 2018 - 1:00pm
BAC (Bank of America Corporation)
Wednesday, January 17 2018 - 1:30pm
BMO (Bank of Montreal)
Tuesday, December 5 2017 - 7:00pm
BNS (The Bank of Nova Scotia)
Tuesday, November 28 2017 - 1:00pm
FBP (First Bancorp)
Tuesday, November 7 2017 - 3:00pm
BBVA (Banco Bilbao Vizcaya Argentaria, S.A.)
Friday, October 27 2017 - 7:30am
SIVB (SVB Financial Group)
Thursday, October 26 2017 - 10:00pm
WHG (Westwood Holdings Group Inc.)
Wednesday, October 25 2017 - 8:30pm
FCF (First Commonwealth Financial Corp.)
Wednesday, October 25 2017 - 6:00pm
VLY (Valley National Bancorp)
Wednesday, October 25 2017 - 3:00pm
PB (Prosperity Bancshares Inc.)
Wednesday, October 25 2017 - 2:30pm
XL (XL Group plc)
Tuesday, October 24 2017 - 10:00pm
COF (Capital One Financial Corporation)
Tuesday, October 24 2017 - 9:00pm
STT (State Street Corporation)
Monday, October 23 2017 - 1:30pm
WTFC (Wintrust Financial Corporation)
Thursday, October 19 2017 - 6:00pm
BXS (BancorpSouth, Inc.)
Thursday, October 19 2017 - 3:00pm
WBS (Webster Financial Corp.)
Thursday, October 19 2017 - 1:00pm
BK (The Bank of New York Mellon Corporation)
Thursday, October 19 2017 - 12:00pm
TCBI (Texas Capital BancShares Inc.)
Wednesday, October 18 2017 - 9:00pm
BAC (Bank of America Corporation)
Friday, October 13 2017 - 12:30pm

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