$IPCC (Infinity Property and Casualty Corp.)

$IPCC {{ '2016-05-03T21:01:54+0000' | timeago}} • Announcement

Personal automobile insurance provider $IPCC said its BoD declared a quarterly dividend of $0.52 per share of Infinity Property and Casualty Corporation Common Stock. The dividend is payable on June 24, 2016, to holders of record on June 10, 2016.

$STBA {{ '2017-10-17T22:35:28+0000' | timeago}} • Announcement

$STBA declared a $0.22 per share cash dividend, which is an increase of 10%, or $0.02 per share, compared to the prior-quarter dividend of $0.20 per share. The annualized yield is 2.1%. The dividend is payable November 16, 2017 to shareholders of record on November 2, 2017.

$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.

$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.

$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.

$BAC {{ '2017-10-13T13:15:17+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q3 2017 Highlights

$BAC {{ '2017-10-13T12:14:49+0000' | timeago}} • Announcement

In 3Q17, $BAC witnessed revenue growth in three of its four segments. Revenue from its largest segment, Consumer Banking, increased 10%, while that from Global Wealth and Investment Management rose 6%. Global Banking segment revenue rose 5%, but revenue from Global Markets fell 11% during the quarter.

$BAC {{ '2017-10-13T12:07:34+0000' | timeago}} • Announcement

$BAC said its loans in 3Q17 totaled $927.1MM, while deposits came in at $1.284 trillion. Meanwhile, driven by higher commercial losses, $BAC's net charge-offs rose by $12Bil YoY to $900MM.

$BAC {{ '2017-10-13T12:02:32+0000' | timeago}} • Announcement

$BAC, the second largest US bank by assets, said sales and trading revenue fell 13% to $3.1Bil in 3Q17 due to unfavorable market conditions and lower volatility in rates products. Fixed-income trading revenue fell 22% to $2.15Bil. Earlier, rivals $C and $JPM had also reported 16% and 27% declines respectively in their fixed-income trading revenues.

$BAC {{ '2017-10-13T11:53:40+0000' | timeago}} • Announcement

In spite of weak bond trading business, $BAC reported 13% jump in net income in 3Q17 to $5.6Bil, or $0.48 per share. Meanwhile, riding on a 9% climb in Net Interest Income during the quarter, the banking giant managed to modestly lift its revenue up 1% to $22.08Bil.

$CINF {{ '2017-10-12T15:21:52+0000' | timeago}} • Announcement

$CINF said that The Cincinnati Insurance Companies' property casualty group expects its 3Q17 results to include pretax catastrophe losses of approx. $102-114MM, representing 3Q17 combined ratio of approx. 8.6-9.6 percentage points. The company also expects its 3Q17 property casualty combined ratio to be in the range of 98.5-101.5%.

$XL {{ '2017-10-11T20:46:20+0000' | timeago}} • Announcement

$XL announced its preliminary estimate of net losses of approx. $1.33Bil relating to Hurricanes Harvey, Irma and Maria. For 3Q17, total catastrophe losses including smaller loss events are preliminarily estimated at approx. $1.48Bil. On an after-tax basis, the preliminary estimate of total catastrophe net losses for 3Q17 is approx. $1.35Bil.

$THG {{ '2017-10-10T21:03:15+0000' | timeago}} • Announcement

$THG announced John C. Roche has been appointed President and CEO, effective Nov. 4. He will succeed Joseph M. Zubretsky, who has accepted a career opportunity outside of the property and casualty industry. Zubretsky will remain with the company through Nov. 3.

$CGI {{ '2017-10-10T14:21:38+0000' | timeago}} • Announcement

$CGI appointed Kathleen Ross to its BoD. The board has determined that Ross is an independent director under NYSE Rule. Ross retired from $BAC in September 2016, where she served as a SVP in the bank's transportation and logistics group since 2008.

$AIG {{ '2017-10-09T22:13:32+0000' | timeago}} • Announcement

$AIG expects to report 3Q17 pretax catastrophe losses net of reinsurance of $2.9-3.1Bil ($1.9-2Bil after-tax). This amount includes pretax estimated losses of $1.1-1.2Bil from Hurricane Harvey, $1-1.1Bil from Hurricane Irma, $600-700MM from Hurricane Maria, and approx. $150MM in additional catastrophe losses including Mexico earthquakes.

$THG {{ '2017-10-05T21:47:15+0000' | timeago}} • Announcement

$THG expects losses from the international specialty group, Chaucer, to be $115-135MM before taxes, net of reinsurance. Losses in the domestic business are expected to be $70-90MM before taxes and net of reinsurance, predominantly in the commercial lines business, largely from Hurricane Harvey.

$THG {{ '2017-10-05T21:46:58+0000' | timeago}} • Announcement

$THG estimates 3Q17 catastrophe losses to be $185-225MM before taxes and net of reinsurance. This includes anticipated losses from hurricanes Harvey, Irma, Maria and the two Mexico earthquakes, as well as other catastrophe activity.

$BAC {{ '2017-10-04T22:35:34+0000' | timeago}} • Announcement

$BAC announced that the 68th US Secretary of State, John F. Kerry, has joined the bank’s Global Advisory Council as Chairman. Secretary Kerry, a former US senator from Massachusetts, is currently Distinguished Fellow for Global Affairs at Yale University and Visiting Distinguished Statesman at the Carnegie Endowment for International Peace.

$WRB {{ '2017-10-04T21:49:35+0000' | timeago}} • Announcement

$WRB said its preliminary estimated catastrophe losses attributable to Hurricanes Harvey, Irma and Maria and the earthquakes in Mexico are expected to be less than $110MM before tax, or $72MM after tax. The company's loss estimate gives consideration to all expected reinsurance recoveries and is inclusive of reinstatement premiums.

$AIG {{ '2017-10-03T15:56:49+0000' | timeago}} • Announcement

$AIG named Charles Fry as the company's Head of Reinsurance, Operations and Transformation, General Insurance, effective immediately. Fry will oversee AIG's Global Reinsurance, Shared Services, Transformation and Administration functions. He previously served as Group CFO at Novae Group plc.

Recent Transcripts

BAC (Bank of America Corporation)
Friday, October 13 2017 - 12:30pm
BWIN.B (Baldwin & Lyons Inc.)
Wednesday, August 9 2017 - 3:00pm
AFSI (AmTrust Financial Services, Inc.)
Tuesday, August 8 2017 - 9:30pm
IPCC (Infinity Property and Casualty Corp.)
Thursday, August 3 2017 - 3:00pm
CINF (Cincinnati Financial Corp.)
Thursday, August 3 2017 - 3:00pm
PGR (Progressive Corp.)
Thursday, August 3 2017 - 2:00pm
THG (The Hanover Insurance Group, Inc.)
Thursday, August 3 2017 - 2:00pm
AIG (American International Group, Inc.)
Thursday, August 3 2017 - 1:00pm
TPRE (Third Point Reinsurance Ltd.)
Thursday, August 3 2017 - 12:30pm
ICE (Intercontinental Exchange, Inc.)
Thursday, August 3 2017 - 12:30pm
ARCC (Ares Capital Corporation)
Wednesday, August 2 2017 - 4:00pm
ALL (The Allstate Corporation)
Wednesday, August 2 2017 - 1:00pm
VR (Validus Holdings, Ltd.)
Friday, July 28 2017 - 2:00pm
XL (XL Group plc)
Wednesday, July 26 2017 - 9:00pm
BGCP (BGC Partners, Inc.)
Wednesday, July 26 2017 - 2:00pm
WRB (W.R. Berkley Corporation)
Tuesday, July 25 2017 - 9:00pm
FITB (Fifth Third Bancorp)
Friday, July 21 2017 - 2:00pm
HBAN (Huntington Bancshares Incorporated)
Friday, July 21 2017 - 1:00pm
STBA (S&T Bancorp Inc.)
Thursday, July 20 2017 - 5:00pm
MTG (MGIC Investment Corp.)
Thursday, July 20 2017 - 2:00pm

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