$FCF (First Commonwealth Financial Corp.)

$FCF {{ '2016-07-27T15:53:47+0000' | timeago}} • Announcement

$FCF said its banking subsidiary, First Commonwealth Bank, agreed to buy 13 branches in Canton and Ashtabula, Ohio, with $735MM of deposits and $115MM of retail and business loans (as of May 31, 2016) from FirstMerit Bank. The branches are being sold in connection with acquisition of $FMER by $HBAN.

$FITB {{ '2018-01-23T19:26:06+0000' | timeago}} • Announcement

Fifth Third's 4Q earnings came in at $0.67 per share, which includes $0.15 benefit from one-time items. The benefits were mainly due to tax reforms and Vantiv share sales. $FITB’s net interest income rose 6% to $956MM, while non-interest income was down 7% YoY. Net interest margin (NIM) was 3.02% and expected to increase 3-5 bps in 1Q18.

$HBAN {{ '2018-01-23T18:13:48+0000' | timeago}} • Announcement

$HBAN reported a massive 81% jump in 4Q17 earnings to $432MM, or $0.37 per share. The profits were boosted by approx $123MM of federal tax reform-related tax benefit. Excluding the one-off items, earnings stood at $0.26 per share. Total revenue for the quarter increased 4% YoY to $1.12Bil.

$HBAN {{ '2018-01-23T17:46:32+0000' | timeago}} • Infographic

$HBAN Huntington Bancshares Incorporated Earnings AlphaGraphic: Q4 2017 Highlights

$FITB {{ '2018-01-23T17:42:05+0000' | timeago}} • Infographic

$FITB Fifth Third Bancorp Earnings AlphaGraphic: 4Q 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.

$ZION {{ '2018-01-23T12:45:10+0000' | timeago}} • Announcement

$ZION reported an earnings retreat of 8.7% for 4Q17, impacted by higher provisions. Income applicable to common shareholders was $114MM or $0.54 per share, down from the year ago earnings of $125MM or $0.60 per share. However, pre-provision net revenue surged 21% to $257MM. On an adjusted basis, $ZION posted earnings of $0.80 per share, up 33% YoY.

$ZION {{ '2018-01-22T22:31:13+0000' | timeago}} • Infographic

$ZION Zions Bancorporation Earnings AlphaGraphic: Q4 2017 Highlights

$FNB {{ '2018-01-19T15:38:45+0000' | timeago}} • Announcement

$FNB announced a significant financial commitment to both its employees and the communities it serves relating to the signing of the Tax Cuts and Jobs Act of 2017. As an investment in its workforce, $FNB plans to raise the minimum hourly wage for its employees to $15 by the end of 2019, accelerating an ongoing initiative to elevate hourly wages.

$BLK {{ '2018-01-19T15:19:31+0000' | timeago}} • Webcast

$BLK, which benefited in 4Q17 from the $1.2Bil of net tax benefit from the recent tax reform, said that the reduction in the tax rate will increase the asset manager's after cash flow. BlackRock added that this increased cash flow from the tax reforms will be used in share buybacks and paying dividends, and also for investing in new products.

$BLK {{ '2018-01-18T20:31:11+0000' | timeago}} • Announcement

Assets under management of $BLK transcends $6 trillion mark at the end of 4Q17, helped by the strong market conditions. Revenue jumped 20% to $3.469Bil, while profit rose more than 100% to $2.304Bil or $14.07 per share on a GAAP basis, reflecting the $1.2Bil of net tax benefit related to the Tax Cuts and Jobs Act. Adjusted EPS was up 21% to $6.24.

$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.

$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.

$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.

$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.

$C {{ '2018-01-17T16:52:09+0000' | timeago}} • Webcast

$C said the tax reform is a clear net positive for Citi and its shareholders. CEO Michael Corbat said, "The changes will not only boost Citigroup's profits, but allow the bank to generate higher returns and generate more capital."

$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.

Recent Transcripts

ZION (Zions Bancorporation)
Monday, January 22 2018 - 10:30pm
UBS (UBS Group AG)
Monday, January 22 2018 - 8:00am
GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
BAC (Bank of America Corporation)
Wednesday, January 17 2018 - 1:30pm
C (Citigroup Inc.)
Tuesday, January 16 2018 - 3:00pm
BLK (BlackRock, Inc.)
Friday, January 12 2018 - 1:30pm
JPM (JPMorgan Chase & Co.)
Friday, January 12 2018 - 1:30pm
BMO (Bank of Montreal)
Tuesday, December 5 2017 - 7:00pm
TD (The Toronto-Dominion Bank)
Thursday, November 30 2017 - 6:30pm
GROW (U.S. Global Investors, Inc.)
Friday, November 10 2017 - 1:30pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
HTH (Hilltop Holdings Inc.)
Friday, October 27 2017 - 1:00pm
BBVA (Banco Bilbao Vizcaya Argentaria, S.A.)
Friday, October 27 2017 - 7:30am
UBS (UBS Group AG)
Friday, October 27 2017 - 7:00am
SIVB (SVB Financial Group)
Thursday, October 26 2017 - 10:00pm
FCF (First Commonwealth Financial Corp.)
Wednesday, October 25 2017 - 6:00pm
HBAN (Huntington Bancshares Incorporated)
Wednesday, October 25 2017 - 1:00pm
FITB (Fifth Third Bancorp)
Tuesday, October 24 2017 - 1:00pm
ZION (Zions Bancorporation)
Monday, October 23 2017 - 9:30pm
STT (State Street Corporation)
Monday, October 23 2017 - 1:30pm

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