$WDR (Waddell & Reed Financial, Inc.)

$WDR {{ '2016-07-26T08:58:24+0000' | timeago}} • Announcement

$WDR said Daniel Scherman, most recently Chief Risk Officer and Portfolio Manager at $JNS, will be CRO of its investment adviser subsidiaries, Waddell & Reed Investment Company and Ivy Investment Company. Scherman will report to John Sundeen, Jr., Chief Administrative Officer, Investments, and will indirectly report to upcoming CEO Philip Sanders.

$KEY {{ '2018-01-18T18:47:55+0000' | timeago}} • Webcast

$KEY said it plans to start moving dividend payout to around 40- 50% 'return to shareholders.' Over the next few years, KeyCorp expects to increase the annual originations in its real estate business by $5Bil. In future, investment Banking Debt Placement Fees and cards & payments revenues are seen as strong growth areas for the company.

$KEY {{ '2018-01-18T18:39:38+0000' | timeago}} • Webcast

$KEY plans to reach its target of $300MM in run rate revenue synergy, from the addition of First Niagara, by the end of 2019. Going forward, the US tax reform is expected to result in a lower income tax rate for the company. KeyCorp expects purchase accounting accretion to decline 10% per quarter in 2018, from the fourth quarter levels.

$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.

$KEY {{ '2018-01-18T17:38:13+0000' | timeago}} • Webcast

$KEY said it achieved $400MM of cost savings from the acquisition of First Niagara in 2017, and expects to realize $50MM more early this year. The company sees significant growth opportunities in the coming years from the recent acquisition of Cain Brothers. The focus on credit quality has resulted in strong credit metrics in the current year.

$MS {{ '2018-01-18T17:34:17+0000' | timeago}} • Announcement

Sales and trading net revenue of $MS fell 16% to $2.7Bil in 4Q17, as fixed-income sales and trading revenue slipped 45%. The decrease was primarily driven by lower results in rates and foreign exchange. $MS's decline is on par with $GS that reported a 50% drop in bond trading during 4Q17.

$BPFH {{ '2018-01-18T17:31:18+0000' | timeago}} • Announcement

$BPFH's net interest income during 4Q17 was $57.3MM, up 11% from $51.5MM during 4Q16. Net interest margin was 3.04% for 4Q17, up 16Bps from 4Q16.

$BPFH {{ '2018-01-18T17:23:50+0000' | timeago}} • Announcement

$BPFH BoD declared a cash dividend to common shareholders of $0.12 per share. The dividend is payable on February 16, 2018, of record as on February 2, 2018.

$BPFH {{ '2018-01-18T17:21:19+0000' | timeago}} • Announcement

Wealth management and private banking company $BPFH reported 4Q17 net loss of $18.3MM, or $0.24 loss per share compared to earnings of $17.6MM, or $0.19 during 4Q16. The results were mainly impacted by $38.9MM of charges related to divestiture of Anchor and the the new tax law. Revenue came in at $96.4MM.

$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.

$MS {{ '2018-01-18T16:27:37+0000' | timeago}} • Announcement

During 4Q17, $MS's BoD declared a $0.25 quarterly dividend per share, payable on February 15, 2018 to common shareholders of record on January 31, 2018.

$MS {{ '2018-01-18T16:24:14+0000' | timeago}} • Announcement

$MS, like other major banks, recorded a net discrete tax provision of $990MM related to the new tax law during 4Q17. This led to a 59% drop in earnings to $686MM, or $0.29 per share, from $1.6Bil, or $0.81 per share during 4Q16. Adj. EPS was $0.84. Net revenue during the quarter was $9.5Bil, up 5% from $9Bil.

$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.

$KEY {{ '2018-01-18T15:25:06+0000' | timeago}} • Infographic

$KEY KeyCorp Earnings AlphaGraphic: Q4 2017 Highlights

$CMA {{ '2018-01-18T15:06:41+0000' | timeago}} • Announcement

Profit for $CMA fell 32% YoY to $112MM, or $0.63 per share, for 4Q17 as the Dallas-based lender took a $107MM charge to adjust deferred taxes due to the Tax Cuts and Jobs Act. But the company's earnings were up 29% to $1.28 per share after adjusting for the charge and other items. Pre-tax income grew 46% for the quarter and 84% for the year.

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

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

$CMA {{ '2018-01-18T13:21:57+0000' | timeago}} • Infographic

$CMA Comerica Incorporated Earnings AlphaGraphic: Q4 2017 Highlights

$MS {{ '2018-01-18T13:12:21+0000' | timeago}} • Infographic

$MS Morgan Stanley Earnings AlphaGraphics: Q4 2017 highlights

$KEY {{ '2018-01-18T12:22:46+0000' | timeago}} • Announcement

Key Community Bank, the main division of $KEY, registered a 7% gain in 4Q17 revenues to $969MM. Meanwhile, revenues of Key Corporate Bank decreased 4% to $603MM. Revenues of the other segments totaled $35MM, down 8% compared to the year-ago quarter.

$KEY {{ '2018-01-18T12:07:52+0000' | timeago}} • Announcement

Financial services provider $KEY reported a 13% drop in 4Q17 profit, owing to merger-related charges and impact of the tax reform. Earnings per share declined to $0.17 from $0.20 in 4Q16. Adjusted for special items, earnings advanced to $0.36 per share. Revenues, meanwhile, rose 3% to $1.6BIl, with net interest income rising modestly to $952MM.

$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.

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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
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CMA (Comerica Incorporated)
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