$ITG (Investment Technology Group, Inc.)

$ITG {{ '2016-05-10T13:43:48+0000' | timeago}} • Announcement

$ITG, which agreed to sell its ITG Investment Research to $LUK, said it plans to take a restructuring charge of approx. $1.6MM to reduce the headcount within its U.S. high-touch sales trading operation as a result of this sale. $ITG expects to realize cost savings of approx. $3MM annually as a result of this action.

$TRV {{ '2018-01-23T13:41:16+0000' | timeago}} • Announcement

$TRV BoD declared a quarterly dividend of $0.72 per share. The dividend is payable on March 30, 2018, to shareholders of record on March 9, 2018.

$TRV {{ '2018-01-23T13:40:01+0000' | timeago}} • Announcement

Insurance firm $TRV reported a charge of $129MM during 4Q17 owing to the latest tax reform. This hurt profit that fell 42% to $551MM, or $1.98 per share, compared to  $943MM, or $3.28 per share in 4Q16. Core income fell 29% to $2.28 per share. Total revenue during the quarter rose 4% YoY to $7.45Bil.

$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.

$TRV {{ '2018-01-23T13:04:23+0000' | timeago}} • Infographic

$TRV The Travelers Companies, Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$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

$MS {{ '2018-01-19T20:12:35+0000' | timeago}} • Webcast

$MS's wealth management business posted strong revenue during 4Q17. Revenues were $4.4Bil, a 4% sequential increase.  Following a multiyear decline the bank reported a increase in the Transactional revenue to $790MM, up 7% sequentially.

$MS {{ '2018-01-19T20:03:39+0000' | timeago}} • Webcast

$MS reported a 3% sequential increase in its Institutional Securities business to $4.5Bil during 4Q17. Investment Banking witnessed 13% QoQ rise to $1.4Bil, driven by underwriting, particularly in equity, which increased 52%. From a regional perspective, $MS reported sequential increase in Asia, particularly in equity underwriting.

$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.

$MS {{ '2018-01-18T16:27:37+0000' | timeago}} • Announcement

During 4Q17, $MS's BoD declared a $0.25 quarterly dividend per share, payable on February 15, 2018 to common shareholders of record on January 31, 2018.

$MS {{ '2018-01-18T16:24:14+0000' | timeago}} • Announcement

$MS, like other major banks, recorded a net discrete tax provision of $990MM related to the new tax law during 4Q17. This led to a 59% drop in earnings to $686MM, or $0.29 per share, from $1.6Bil, or $0.81 per share during 4Q16. Adj. EPS was $0.84. Net revenue during the quarter was $9.5Bil, up 5% from $9Bil.

$MS {{ '2018-01-18T13:12:21+0000' | timeago}} • Infographic

$MS Morgan Stanley Earnings AlphaGraphics: Q4 2017 highlights

$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.

Recent Transcripts

ZION (Zions Bancorporation)
Monday, January 22 2018 - 10:30pm
MS (Morgan Stanley)
Thursday, January 18 2018 - 1:30pm
GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
BAC (Bank of America Corporation)
Wednesday, January 17 2018 - 1:30pm
BLK (BlackRock, Inc.)
Friday, January 12 2018 - 1:30pm
JPM (JPMorgan Chase & Co.)
Friday, January 12 2018 - 1:30pm
FDS (FactSet Research Systems Inc.)
Tuesday, December 19 2017 - 4:00pm
INTL (INTL FCStone Inc.)
Thursday, December 14 2017 - 2:00pm
GROW (U.S. Global Investors, Inc.)
Friday, November 10 2017 - 1:30pm
ITG (Investment Technology Group, Inc.)
Wednesday, November 1 2017 - 12:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
SF (Stifel Financial Corp.)
Monday, October 30 2017 - 9:00pm
BGCP (BGC Partners, Inc.)
Thursday, October 26 2017 - 2:00pm
PJC (Piper Jaffray Companies)
Thursday, October 26 2017 - 1:00pm
RJF (Raymond James Financial, Inc.)
Thursday, October 26 2017 - 12:15pm
MKTX (MarketAxess Holdings Inc.)
Wednesday, October 25 2017 - 2:00pm
HBAN (Huntington Bancshares Incorporated)
Wednesday, October 25 2017 - 1:00pm
NDAQ (Nasdaq, Inc.)
Wednesday, October 25 2017 - 12:00pm
WDR (Waddell & Reed Financial, Inc.)
Tuesday, October 24 2017 - 2:00pm
AMTD (TD Ameritrade Holding Corporation)
Tuesday, October 24 2017 - 12:30pm

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