$CFNL (Cardinal Financial Corp.)

$CFNL {{ '2016-02-12T11:13:00+0000' | timeago}} • Announcement

Tysons Corner, Virginia-based financial holding company $CFNL said that Bernard Clineburg has been appointed Executive Chairman of the BoD for both $CFNL and Cardinal Bank and Christopher Bergstrom as President and CEO upon completion of a transition announced in Nov. 4, 2015.

$NAVI {{ '2018-01-23T23:08:00+0000' | timeago}} • Announcement

$NAVI acquired $463MM of FFELP loans in 4Q17. At December 31, 2017, $NAVI held $81.7Bil of FFELP loans compared with $87.7Bil of FFELP loans held at December 31, 2016. $NAVI acquired $884MM of private education loans in 4Q17. At December 31, 2017, $NAVI held $23.4Bil of private education loans vs. $23.3Bil last year.

$NAVI {{ '2018-01-23T23:07:19+0000' | timeago}} • Announcement

$NAVI reported a net loss of $84MM or $0.32 per share in 4Q17 compared to a net income of $145MM or $0.48 per share in 4Q16. This result includes a $208MM loss due to the Tax Cuts and Jobs Act. Core earnings reflected a net loss of $131MM or $0.50 per share vs. net income of $129MM or $0.43 per share for 4Q16.

$NAVI {{ '2018-01-23T22:17:27+0000' | timeago}} • Infographic

$NAVI Navient Corporation Earnings AlphaGraphic: Q4 2017 Highlights

$STT {{ '2018-01-23T13:04:54+0000' | timeago}} • Announcement

With total revenue jumping 13% to $2.53Bil in 4Q17, $STT saw net income slump almost 40% to $334MM or $0.89 per diluted share with new tax reforms impacting the results.

$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.

$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.

$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.

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

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

$WD {{ '2018-01-11T17:40:46+0000' | timeago}} • Announcement

$WD has structured a $100MM Freddie Mac Revolving Credit Facility for Presidium Group, LLC. The credit facility was initially secured by two properties, Solaris and The Violet, both located in Texas, and was structured with an additional $50MM in excess capacity for a potential of $150MM in total financing.

$VLY {{ '2018-01-02T15:52:44+0000' | timeago}} • Announcement

$VLY announced that its merger with USAmeriBancorp Inc. (USAB) was completed effective Jan. 1, 2018. $VLY will issue about 65MM shares in transaction. The shareholders of USAB will receive 6.1 shares of $VLY for each USAB share that they own. Effective Jan. 1, 2018, USAB's subsidiary USAmeriBank was merged into and under name Valley National Bank.

$CVBF {{ '2017-12-21T17:09:38+0000' | timeago}} • Announcement

$CVBF announced a $0.14 per share cash dividend with respect to 4Q17. The dividend will be payable on or about January 22, 2018 to shareholders of record as of January 5, 2018.

$GS {{ '2017-12-19T19:41:08+0000' | timeago}} • Announcement

$GS appointed Karen Patton Seymour as a partner and co-general counsel of the firm. With Greg Palm, Seymour will advise Goldman Sachs beginning in January 2018 and have responsibility for all legal matters affecting the firm’s operations worldwide.

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