Get All Access for FREE

Market News & Research,
Fundamental Data,
Live Transcripts & Audio,
AlphaGraphics,

and a whole lot more…

{{::item.ticker}} • {{::item.company_name}} No Results

Get All Access for FREE

Market News & Research,
Fundamental Data,
Live Transcripts & Audio,
AlphaGraphics,

and a whole lot more…

News & Research
Portfolio
Discover
Groups
$HBHC {{ '2017-12-18T17:29:03+0000' | timeago}} • Announcement

$HBHC's banking subsidiary Whitney Bank agreed to buy the bank-managed high net worth individual and institutional investment management and trust business from Capital One, National Association, a banking subsidiary of $COF, for undisclosed terms.

$USB {{ '2018-05-11T17:11:09+0000' | timeago}} • Infographic

$USB U.S. Bancorp Earnings AlphaGraphic: Q1 2018 Highlights

$BAC {{ '2018-05-11T14:43:35+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q1 2018 Highlights

$WFC {{ '2018-05-11T14:38:17+0000' | timeago}} • Infographic

$WFC Wells Fargo Earnings AlphaGraphic: Q1 2018 Highlights

$WFC {{ '2018-01-24T20:20:35+0000' | timeago}} • Announcement

$WFC has declared a quarterly common stock dividend of $0.39 per share, payable March 1, 2018 to stockholders of record on Feb. 2, 2018. The BoDs also increased the company's authority to repurchase common stock by an additional 350MM shares.

$STI {{ '2018-01-22T17:50:58+0000' | timeago}} • Infographic

$STI SunTrust Banks, Inc Earnings AlphaGraphic: Q4 2017 Highlights

$STI {{ '2018-01-22T14:17:14+0000' | timeago}} • Webcast

$STI stated that the sale of its subsidiary Premium Assignment Corp. (PAC) to IPFS Corp, resulted in a pretax gain of $107MM during 4Q17. PAC contributed approx. $55MM of revenue, $25MM of expense and $20MM of net income during FY17.

$STI {{ '2018-01-19T16:44:28+0000' | timeago}} • Announcement

$STI said Anil Cheriyan will retire as chief information officer effective March 31, 2018, following a 36-year career in management consulting and information technology. Scott Case will succeed Cheriyan as CIO, effective Feb. 5, 2018, reporting to SunTrust Chairman and CEO Bill Rogers.

$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.

$STI {{ '2018-01-19T12:30:16+0000' | timeago}} • Announcement

$STI's net interest margin during 4Q17 was 3.17%, up 17Bps from the prior year period. This increase was driven by higher earning asset yields arising from higher benchmark interest rates, continued positive mix shift in the loans held for investment (LHFI) portfolio, and higher securities AFS yields given lower premium amortization expense.

$STI {{ '2018-01-19T12:27:00+0000' | timeago}} • Announcement

Banker $STI posted 4Q17 net income available to common shareholders of $710MM, or $1.48 per share, up from $448MM, or $0.90 per share in 4Q16. This gain was on the sale of Premium Assignment Corporation ("PAC") subsidiary and tax reform-related items. Total revenue rose 2.4% YoY to $2.26Bil, helped by higher net interest income.

$USB {{ '2018-01-18T20:36:26+0000' | timeago}} • Webcast

$USB reported 5.4% growth in its credit and debit card revenue. This growth was driven by higher sales volumes. Trust and investment management fees increased 7.1% mainly due to favorable market conditions and net asset and account growth. Merchant processing revenue fell 1% YoY due to exit of certain joint ventures in 2Q17.

$USB {{ '2018-01-18T20:30:14+0000' | timeago}} • Webcast

During 4Q17, $USB's net interest margin decreased 2Bps to 3.08%. Non-interest expense increased 3.6% YoY, reflecting higher compensation and employee benefits expense mainly related to hiring to support business growth and compliance programs.

$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.

$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.

$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.

$BAC {{ '2018-01-17T14:59:23+0000' | timeago}} • Announcement

Net interest income grew 11.4% to $11.46Bil for $BAC in 4Q17. This was primarily driven by three interest rate increases in 2017. However, non-interest income fell 7% to $9Bil due to the impact of the tax act and lower mortgage banking income.

$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.

$BAC {{ '2018-01-17T14:45:46+0000' | timeago}} • Announcement

Joining the bandwagon of other banking giants, $BAC reported 4Q17 earnings that almost halved to $2.37Bil, or 20 cents per share, weighed down by charges related to Republican tax reforms, as well as lower trading. Excluding this charge, net income was 47 cents per share. Revenue for the quarter edged up 2% to $20.4Bil.

Recent Transcripts
BMO | Earnings
May 30th 2018, 6:00pm
WBK | Earnings
May 7th 2018, 12:01am
HTH | Earnings
April 27th 2018, 1:00pm
BBVA | Earnings
April 27th 2018, 7:30am
AlphaGraphics you may like
Related Feed
Recent Transcripts
BMO | Earnings
May 30th 2018, 6:00pm
WBK | Earnings
May 7th 2018, 12:01am
HTH | Earnings
April 27th 2018, 1:00pm
BBVA | Earnings
April 27th 2018, 7:30am
AlphaGraphics you may like