$OFG (OFG Bancorp)

$OFG {{ '2016-09-21T07:11:54+0000' | timeago}} • Announcement

$OFG said its subsidiary, Oriental Bank's, outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold. This greatly reduces the bank's direct exposure to Puerto Rico government-related credits. Gross proceeds from the sale of $124MM were slightly lower than adjusted book balance, net of reserves.

$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.

$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.

$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.

$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.

$CHFC {{ '2017-07-19T21:15:10+0000' | timeago}} • Announcement

$CHFC BoD declared a 3Q17 dividend on its common stock of $0.29 per share. The dividend will be payable on Sept. 15, 2017, to shareholders of record on Sept. 1, 2017.

$MS {{ '2017-07-19T15:39:53+0000' | timeago}} • Infographic

$MS Morgan Stanley Earnings AlphaGraphics: Q2 2017 highlights

$MS {{ '2017-07-19T13:47:05+0000' | timeago}} • Announcement

$MS's overall trading revenue fell 2% to $3.2Bil, higher when compared to its longstanding arch-rival $GS who reported trading revenue of $3.1Bil.  Fixed Income sales and trading net revenues were $1.2Bil.

$MS {{ '2017-07-19T13:38:19+0000' | timeago}} • Announcement

$MS BoD declared a dividend of $0.25 per share. The quarterly dividend is payable on August 15 2017 to shareholders of record on July 31, 2017.

$MS {{ '2017-07-19T13:29:58+0000' | timeago}} • Announcement

$MS's Institutional Securities net revenues were $4.8Bil, indicating the strength in equity sales and trading and M&A advisory, and improved results in underwriting. Wealth Management net revenues were $4.2Bil and Investment Management net revenues were $665MM.

$MS {{ '2017-07-19T13:15:51+0000' | timeago}} • Announcement

Financial holding company $MS reported higher 2Q17 profit, mainly helped by its investment banking and wealth management business. Net revenues jumped 7% to $9.5Bil, driven by strength in its business segments. Net income applicable to $MS common shareholders were $1.58Bil, or $0.87 per share, compared to $1.42Bil, or $0.75 per share during 2Q16.

$GS {{ '2017-07-19T12:22:14+0000' | timeago}} • Webcast

$GS said it is hard to predict given the Brexit uncertainty there is healthy activity in investment banking and the company certainly sees opportunities in Europe for debt underwriting. In Asia, $GS is still seeing the trend of Chinese buying and international assets, and remains optimistic over the long-term.

$GS {{ '2017-07-19T12:20:18+0000' | timeago}} • Webcast

$GS' investment banking backlog is driven primarily by underwriting. The company said the conversations among CEOs are happening all the time and strategic M&A in the U.S. those discussions are occurring especially in technology and consumer retail in natural resources in Europe.

$GS {{ '2017-07-19T12:09:06+0000' | timeago}} • Webcast

$GS said FICC businesses, except mortgages, for 2Q17 declined year-over-year, due to lower client activity, lower volatility, less dispersion, and less opportunity set. Lower client activity and difficult market-making environment hurt commodities.

$GS {{ '2017-07-19T11:54:05+0000' | timeago}} • Webcast

Lower interest rate products, commodities, credit products and currencies hurt $GS' 2Q17 revenue in fixed income trading that fell 40%. $GS said FICC operated in a challenging environment marked by low levels of volatility in several fixed asset classes, low client activity and difficult market conditions.

Recent Transcripts

WAL (Western Alliance Bancorporation)
Friday, July 21 2017 - 4:00pm
RF (Regions Financial Corporation)
Friday, July 21 2017 - 3:00pm
OFG (OFG Bancorp)
Friday, July 21 2017 - 2:00pm
WBS (Webster Financial Corp.)
Friday, July 21 2017 - 1:00pm
FNB (F.N.B. Corporation)
Thursday, July 20 2017 - 2:30pm
CVBF (CVB Financial Corp.)
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CTO (Consolidated Tomoka Land Co.)
Thursday, July 20 2017 - 1:00pm
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.)
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Friday, July 14 2017 - 2:00pm
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