$PACW (PacWest Bancorp)

$PACW {{ '2016-08-29T14:28:44+0000' | timeago}} • Announcement

Bank holding company $PACW said that Donald Destino has been named as EVP, Investor Relations and Corporate Development. In this new post, Mr. Destino's focal point is to enhance the company's investor relations program and evaluate prospective strategic opportunities to generate improved financial results and increase shareholder value.

$RF {{ '2017-07-22T14:47:22+0000' | timeago}} • Webcast

$RF expects is FY17 average loans to be flat to slightly down when compared to the prior year and average deposit balance is expected to be stable with FY16. The company expects its net interest income and other financing income to be in the range of 3-5% and adjusted non-interest income growth to be about 1-3% for FY17.

$RF {{ '2017-07-22T14:38:45+0000' | timeago}} • Webcast

During 2Q17, $RF's total average deposits fell $478MM, less than 1% from 2Q16, while reporting $335MM of decrease in average low-cost deposits.

$RF {{ '2017-07-22T14:26:20+0000' | timeago}} • Webcast

$RF reported production increase during 2Q17, with commercial and investor real estate loan production up 56% and 35%, respectively. The commercial line utilization rose 20 basis points and commitments for new loans rose approx. $700MM when compared to 2Q16.

$V {{ '2017-07-21T19:02:00+0000' | timeago}} • Announcement

$V, which competes with $MA and $AXP, lifted its financial outlook for FY17. Net revenue is expected to grow 20% on a nominal dollar basis compared to the previous growth guidance of 16-18%. GAAP EPS growth is expected to be in low double-digits on a nominal dollar basis and non-GAAP EPS is expected to grow about 20%.

$EGN {{ '2017-07-21T16:04:01+0000' | timeago}} • Announcement

$EGN appointed Lori Lancaster to its BoD effective July 21, 2017. Lancaster is a former Managing Director of the Global Energy Group at $UBS Securities and the Global Natural Resources groups at Nomura Securities International and $GS. She fills the vacancy created in May 2017 by the retirement of Michael Goodrich.

$TMP {{ '2017-07-21T15:53:00+0000' | timeago}} • Announcement

Financial services firm $TMP has declared a quarterly cash dividend of $0.45 per share. The dividend is payable on August 15, 2017, to shareholders of record on August 1, 2017.

$BKMU {{ '2017-07-21T15:03:04+0000' | timeago}} • Announcement

Rowley Law PLLC is investigating potential claims against $BKMU and its BoD for breach of fiduciary duty concerning the proposed acquisition of $BKMU by $ASB in a stock-for-stock transaction valued at about $482MM. The transaction is expected to close in 1Q18.

$ASB {{ '2017-07-21T14:53:32+0000' | timeago}} • Announcement

$ASB and $BKMU have sealed a definitive agreement under which the latter will merge with and into Associated. $BKMU’s bank subsidiary will also merge with and into Associated's bank subsidiary, Associated Bank, N.A. The all-stock deal is valued at approx $482MM. The transaction is expected to close in 1Q18.

$RF {{ '2017-07-21T13:41:32+0000' | timeago}} • Announcement

During 2Q17, $RF's average loans and leases declined 2% compared to 2Q16. Average deposit balances remained relatively stable with the prior year. The company incurred  $7MM of expenses associated with  the consolidation of 22 additional branches that is expected to close during 4Q17.

$RF {{ '2017-07-21T13:36:21+0000' | timeago}} • Announcement

Banking company $RF posted higher 2Q17 earnings, helped by growth in net interest income. Net income available to common shareholders rose to $300MM, or $0.25 per share, compared to $256MM, or $0.20 per share during 2Q16. Total revenues on a taxable equivalent basis rose 2.4% to $1.43Bil.

$ASB {{ '2017-07-20T21:43:26+0000' | timeago}} • Announcement

$ASB to acquire $BKMU. Under the terms of the agreement, $BKMU shareholders will receive 0.422 shares of $ASB common stock for each share of $BKMU common stock. Upon consummation of the merger, David Baumgarten, $BKMU CEO, will serve as a consultant to the CEO of $ASB.

$ASB {{ '2017-07-20T21:42:18+0000' | timeago}} • Announcement

$ASB to acquire $BKMU in an all-stock transaction valued at approx. $482MM, based on $ASB's July 19, 2017 closing stock price of $24.60 per share. $BKMU's bank subsidiary will also merge with $ASB's bank subsidiary, Associated Bank, N.A. The transaction is expected to close in 1Q18.

$AXP {{ '2017-07-20T17:11:52+0000' | timeago}} • Announcement

$AXP said American Express OPEN has extended its Lowe’s Business Rewards Card program to enable small business Card Members earn rewards and get 5% off at Lowe’s every day when they use the Card on eligible purchases. The Lowe's Business Rewards Card has no annual fee and can help small businesses optimize their business spending.

$TCBI {{ '2017-07-20T16:18:53+0000' | timeago}} • Announcement

$TCBI elected Jonathan Baliff to its BoD. Baliff currently serves as President, CEO and a director of Bristow Group Inc., positions he has held since July 2014.

$MS {{ '2017-07-20T14:26:40+0000' | timeago}} • Webcast

$MS's smallest business-investment management, reported a strong quarter with growth in both its asset management fees and investment results. The net reveneus were up 9% QoQ to $665MM.

$MS {{ '2017-07-20T14:10:49+0000' | timeago}} • Webcast

$MS reported gains across most of its business during 2Q17. The lender's wealth management business performed at the high of 2017 target, by achieving 25% pre-tax margin and a record profit before tax of over $1Bil. A year after acquiring Smith Barney, wealth management generated approx. $1Bil to pre-tax profit annually.

$AXP {{ '2017-07-20T00:17:00+0000' | timeago}} • Webcast

$AXP stated that it considers surcharging as consumer-unfriendly. The company believes the new ban on surcharging in the UK is a good policy. It is uncertain whether this has any material impact on $AXP’s ability to grow business in the UK but the company believes this is a positive step longer-term. UK is one of $AXP’s strongest markets.

$AXP {{ '2017-07-20T00:02:46+0000' | timeago}} • Webcast

$AXP made some changes on the business end-consumer Platinum products in 2H16 and on the consumer product, it offered a range of benefit enhancements that went in at the end of 1Q17. All the costs associated with the significantly higher card member engagement that these changes are driving are reflected in the 2Q17 results.

$AXP {{ '2017-07-19T23:42:07+0000' | timeago}} • Webcast

In 2Q17, $AXP’s discount revenue was flat YoY and grew 7% on an adjusted basis. The discount rate was 2.44%. Net card fees grew by 8% driven by continued strength in the US Platinum and Delta portfolio as well as growth in Mexico and Japan.

$AXP {{ '2017-07-19T23:30:57+0000' | timeago}} • Webcast

During 2Q17, $AXP’s total loans were up 11% versus 2Q16. The company continues to steadily grow loans faster than the industry as it captures the particular opportunity it has to grow loans with existing customers while also adding new customers. Looking forward, $AXP is confident on growth based on its existing customer opportunities.

Recent Transcripts

WAL (Western Alliance Bancorporation)
Friday, July 21 2017 - 4:00pm
RF (Regions Financial Corporation)
Friday, July 21 2017 - 3:00pm
WBS (Webster Financial Corp.)
Friday, July 21 2017 - 1:00pm
ASB (Associated Banc-Corp)
Thursday, July 20 2017 - 9:00pm
BXS (BancorpSouth, Inc.)
Thursday, July 20 2017 - 3:00pm
FNB (F.N.B. Corporation)
Thursday, July 20 2017 - 2:30pm
AXP (American Express Company)
Wednesday, July 19 2017 - 9:00pm
TCBI (Texas Capital BancShares Inc.)
Wednesday, July 19 2017 - 9:00pm
WTFC (Wintrust Financial Corporation)
Wednesday, July 19 2017 - 3:00pm
MS (Morgan Stanley)
Wednesday, July 19 2017 - 12:30pm
GS (The Goldman Sachs Group, Inc.)
Tuesday, July 18 2017 - 1:30pm
BAC (Bank of America Corporation)
Tuesday, July 18 2017 - 12:30pm
WFC (Wells Fargo & Company)
Friday, July 14 2017 - 2:00pm
GROW (U.S. Global Investors, Inc.)
Friday, May 12 2017 - 12:30pm
ICE (Intercontinental Exchange, Inc.)
Wednesday, May 3 2017 - 12:30pm
SIVB (SVB Financial Group)
Thursday, April 27 2017 - 10:00pm
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Wednesday, April 26 2017 - 3:00pm
HTH (Hilltop Holdings Inc.)
Wednesday, April 26 2017 - 1:00pm
BPOP (Popular, Inc.)
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FNB (F.N.B. Corporation)
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