$EIG (Employers Holdings, Inc.)

$EIG {{ '2016-03-14T17:07:53+0000' | timeago}} • Announcement

Provider of workers' compensation insurance $EIG said that it has promoted Dwight Robertson to the post of VP of Managed Care Services. Mr. Robertson supervises clinical and cost containment services for the company. He also provides medical leadership for the management of employers' workers' compensation provider networks.

$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

$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.

$GS {{ '2018-01-17T21:20:24+0000' | timeago}} • Webcast

For 1Q18, assuming current stock price levels, $GS estimates the equity compensation related accounting benefit to be about $175MM. Given the positive backdrop for investing further in franchise and the impact of tax legislation on capital ratios, $GS does not expect to use all of its 2017 CCAR cycle authorization in 2018.

$GS {{ '2018-01-17T21:17:56+0000' | timeago}} • Webcast

In 4Q17, $GS consolidated its online lending and deposit platforms under the Marcus brand. Feedback on lending and deposit products has been positive. The company plans to build on this momentum in 2018, while remaining disciplined in its underwriting standard, focused on lending to creditworthy customers.

$GS {{ '2018-01-17T21:06:15+0000' | timeago}} • Webcast

$GS said it took a one-time charge of $4.4Bil in 4Q17 with regard to the effect of U.S. tax reform. The charge includes about $3.3Bil associated with the one-time deemed repatriation tax on foreign earnings and about $1.1Bil related to the remeasurement of deferred tax assets. $GS said there is clearly potential for increased business activity.

$WFC {{ '2018-01-17T19:29:42+0000' | timeago}} • Announcement

$WFC announced that Senior Executive Vice President Mike Loughlin will retire as the company's Chief Risk Officer. The company expects to name a successor in the next few months and Loughlin will remain in his current role through the transition.

$USB {{ '2018-01-17T18:01:04+0000' | timeago}} • Announcement

$USB named Andy Cecere, President and Chief Executive Officer, as Chairman of the BoD, effective April 2018. Cecere succeeds  Richard Davis, Executive Chairman, who will retire after the board transition in April.

$USB {{ '2018-01-17T17:44:08+0000' | timeago}} • Announcement

Minneapolis-based bank $USB saw a benefit of $910MM in 4Q17 from the new federal tax law, helping the bank earn $1.68Bil, or $0.97 per share, up 13.8% from a year ago. This increase was also driven by rising interest rates and loan growth. Non-GAAP EPS was $0.88. Total revenue during the quarter was $5.63Bil, up 3.7% YoY.

$GS {{ '2018-01-17T15:49:01+0000' | timeago}} • Announcement

$GS' BoD declared on Jan. 16 a dividend of $0.75 per common share, payable on March 29, 2018 to shareholders of record on March 1, 2018. During 4Q17, the company repurchased 6.6MM shares at an average cost per share of $241.13, for a total cost of $1.59Bil.

$GS {{ '2018-01-17T15:44:30+0000' | timeago}} • Announcement

$GS' revenue in Investment Management for 4Q17 rose 4% year-over-year to $1.66Bil. This was primarily due to higher management and other fees, reflecting higher average assets under supervision, partially offset by lower incentive fees. During 4Q17, total assets under supervision increased $38Bil to $1.49 trillion.

$GS {{ '2018-01-17T15:41:05+0000' | timeago}} • Announcement

$GS' equity securities revenue for 4Q17 grew 18% year-over-year to $1.21Bil, reflecting a significant increase in net gains from private equities. Revenue in debt securities and loans declined 2% to $449MM, due to higher provisions for loan losses, primarily from impairment of a secured loan.

$GS {{ '2018-01-17T15:39:00+0000' | timeago}} • Announcement

$GS' trading revenue for 4Q17 plunged 50% year-over-year to $1Bil. This was due to significant lower revenues in currencies, credit products, interest rate products and commodities. Fixed Income, Currency and Commodities Client Execution continued to operate in a challenging environment due to low levels of volatility and low client activity.

$GS {{ '2018-01-17T15:38:23+0000' | timeago}} • Announcement

$GS' revenue in Investment Banking for 4Q17 jumped 44% year-over-year to $2.14Bil. This was driven by higher revenue in the U.S. Financial Advisory as well as higher revenue in both debt underwriting and equity underwriting.

$GS {{ '2018-01-17T15:37:58+0000' | timeago}} • Announcement

$GS slipped to a loss in 4Q17 from a profit last year, due to a $4.40Bil record of income tax expenses related to Tax Legislation. Net loss of $2.14Bil or $5.51 per share compared to a profit of $2.15Bil or $5.08 per share last year. Excluding expense, EPS were $5.68 for 4Q17. Revenue fell 4% to $7.8Bil.

$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.

$GS {{ '2018-01-17T14:19:57+0000' | timeago}} • Infographic

$GS Goldman Sachs Group Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$USB {{ '2018-01-17T13:30:53+0000' | timeago}} • Infographic

$USB U.S. Bancorp Earnings AlphaGraphic: Q4 2017 Highlights

$WFC {{ '2018-01-17T11:46:10+0000' | timeago}} • Webcast

While $WFC's expenses continue to increase on higher litigation accruals and other growth investments, the bank said it is still committed to its target of $4Bil in expense reductions. It also expects to bring its efficiency ratio down to 59% by the end of 2018.

$WFC {{ '2018-01-17T11:45:02+0000' | timeago}} • Webcast

After a series of scandals over the past year, $WFC is now trying to gain confidence of its customers and build long-term relationships. In 2017, the bank has launched numbers of programs and initiatives, such as Automatic zero balance alerts and Overdraft Rewind, which has already helped over 350,000 customers avoid overdraft charges.

Recent Transcripts

GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
USB (U.S. Bancorp)
Wednesday, January 17 2018 - 2:00pm
CMA (Comerica Incorporated)
Tuesday, January 16 2018 - 1:00pm
WFC (Wells Fargo & Company)
Friday, January 12 2018 - 3:00pm
JPM (JPMorgan Chase & Co.)
Friday, January 12 2018 - 1:30pm
GROW (U.S. Global Investors, Inc.)
Friday, November 10 2017 - 1:30pm
TPRE (Third Point Reinsurance Ltd.)
Thursday, November 9 2017 - 1:30pm
BWIN.B (Baldwin & Lyons Inc.)
Wednesday, November 8 2017 - 4:00pm
AGII (Argo Group International Holdings, Ltd.)
Friday, November 3 2017 - 4:00pm
RNR (RenaissanceRe Holdings Ltd.)
Wednesday, November 1 2017 - 2:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
CNA (CNA Financial Corporation)
Monday, October 30 2017 - 2:00pm
CINF (Cincinnati Financial Corp.)
Friday, October 27 2017 - 3:00pm
VR (Validus Holdings, Ltd.)
Friday, October 27 2017 - 2:00pm
EIG (Employers Holdings, Inc.)
Thursday, October 26 2017 - 3:30pm
AMSF (Amerisafe, Inc.)
Thursday, October 26 2017 - 2:30pm
RDN (Radian Group Inc.)
Thursday, October 26 2017 - 2:00pm
XL (XL Group plc)
Tuesday, October 24 2017 - 10:00pm
WRB (W.R. Berkley Corporation)
Tuesday, October 24 2017 - 9:00pm
BHLB (Berkshire Hills Bancorp Inc.)
Friday, October 20 2017 - 2:00pm

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