$HCI (HCI Group, Inc.)

$HCI {{ '2016-04-19T18:16:24+0000' | timeago}} • Announcement

$HCI, a holding company mainly engaged in homeowners insurance, said its BoD declared a regular quarterly cash dividend in the amount of $0.30 per common share for 2Q16. The dividend will be paid on June 17, 2016 to shareholders of record on the close of business May 20, 2016.

$HBAN {{ '2017-10-20T16:42:20+0000' | timeago}} • Announcement

$HBAN's BoD declared a quarterly cash dividend of $0.11 per common share, up $0.03 or 38%, from the prior quarter. The dividend is payable on Jan. 2, 2018 to shareholders of record on Dec. 18, 2017.

$FITB {{ '2017-10-18T16:05:09+0000' | timeago}} • Announcement

$FITB appointed Jed Scala as EVP and head of Payments and Commerce Solutions, and Siva Gowrishankar as SVP and head of credit strategy and optimization. Bridgit Chayt, SVP and director of wholesale payments, will now lead the Wholesale Payments and Treasury Management teams.

$FITB {{ '2017-10-16T14:22:06+0000' | timeago}} • Announcement

$FITB announced a strategic relationship with $MA and AvidXchange to bring a best-in-class automated accounts payable solution to Fifth Third Bank's clients. As part of the relationship, Fifth Third will become the first bank to join The Mastercard B2B Hub powered by AvidXchange.

$BAC {{ '2017-10-13T19:10:55+0000' | timeago}} • Webcast

$BAC said it did not see a spike in loan defaults in 3Q17, unlike rivals such as $JPM and $C. However, the Charlotte, North Carolina- based company said it increased its provision for loan losses in the consumer banking segment by $269MM, keeping in mind the impact of hurricanes during the quarter.

$BAC {{ '2017-10-13T18:32:39+0000' | timeago}} • Webcast

Responding to a question whether $BAC would be able to hold the reins on costs in its Global Wealth and Investment Management business, the company said higher expenses are always attached to wealth management fee generation. In 3Q17, efficiency ratio for Wealth Management unit stood at 73%, much higher than Commercial Banking and Consumer units.

$BAC {{ '2017-10-13T18:07:59+0000' | timeago}} • Webcast

As part of its cost-cutting initiative, $BAC said it reduced workforce by 0.5% or 1,065 workers in 3Q17. The banking behemoth has cut over 80,000 jobs since CEO Brian Moynihan announced the initiative in 2011. Bank of America said it doesn't expect to see any more huge job cuts in the near future.

$BAC {{ '2017-10-13T13:15:17+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q3 2017 Highlights

$BAC {{ '2017-10-13T12:14:49+0000' | timeago}} • Announcement

In 3Q17, $BAC witnessed revenue growth in three of its four segments. Revenue from its largest segment, Consumer Banking, increased 10%, while that from Global Wealth and Investment Management rose 6%. Global Banking segment revenue rose 5%, but revenue from Global Markets fell 11% during the quarter.

$BAC {{ '2017-10-13T12:07:34+0000' | timeago}} • Announcement

$BAC said its loans in 3Q17 totaled $927.1MM, while deposits came in at $1.284 trillion. Meanwhile, driven by higher commercial losses, $BAC's net charge-offs rose by $12Bil YoY to $900MM.

$BAC {{ '2017-10-13T12:02:32+0000' | timeago}} • Announcement

$BAC, the second largest US bank by assets, said sales and trading revenue fell 13% to $3.1Bil in 3Q17 due to unfavorable market conditions and lower volatility in rates products. Fixed-income trading revenue fell 22% to $2.15Bil. Earlier, rivals $C and $JPM had also reported 16% and 27% declines respectively in their fixed-income trading revenues.

$BAC {{ '2017-10-13T11:53:40+0000' | timeago}} • Announcement

In spite of weak bond trading business, $BAC reported 13% jump in net income in 3Q17 to $5.6Bil, or $0.48 per share. Meanwhile, riding on a 9% climb in Net Interest Income during the quarter, the banking giant managed to modestly lift its revenue up 1% to $22.08Bil.

$C {{ '2017-10-12T20:07:00+0000' | timeago}} • Webcast

$C expects NII to see an additional growth of $500MM YoY in 4Q17. Through this, the company is roughly in line with its projection of $1Bil of NII growth in 2H17, as it has already achieved a growth of $450MM in 3Q17.

$C {{ '2017-10-12T19:56:21+0000' | timeago}} • Webcast

$C said its card business with retailer $COST has been highly successful. "We've continued to be able to grow account balances and we've seen continued growth in the purchases. So it's still looking like an absolute winner for us," the company said.

$C {{ '2017-10-12T18:55:34+0000' | timeago}} • Infographic

Though expected, banking giants $C and $JPM reported decline in trading revenues in 3Q17, hurt by tepid volatility in market. However, Citigroup displayed a slightly better performance, helped by growth in stock trading revenue.

$CINF {{ '2017-10-12T15:21:52+0000' | timeago}} • Announcement

$CINF said that The Cincinnati Insurance Companies' property casualty group expects its 3Q17 results to include pretax catastrophe losses of approx. $102-114MM, representing 3Q17 combined ratio of approx. 8.6-9.6 percentage points. The company also expects its 3Q17 property casualty combined ratio to be in the range of 98.5-101.5%.

$C {{ '2017-10-12T14:10:59+0000' | timeago}} • Infographic

$C Citigroup Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$C {{ '2017-10-12T13:09:50+0000' | timeago}} • Announcement

In 3Q17, $C reported 3% growth in its Global Consumer Banking segment and 9% growth in Institutional Clients Group. Revenue from its smaller Corporate segment, meanwhile, saw a decline of 55% during the quarter.

$C {{ '2017-10-12T13:04:26+0000' | timeago}} • Announcement

$C's revenue from bond trading declined 16% in 3Q17, but this was offset by an equal growth in equity trading revenue. Overall, trading revenue fell 11% due to subdued volatility in the market, but this was lower than the 15% decline the company had predicted during the Investors' Day event held in July, 2017.

$C {{ '2017-10-12T12:47:32+0000' | timeago}} • Announcement

A day after IMF listed in its latest report, $C as the sole US bank that it expects to struggle to remain profitable, the banking giant pleased investors with higher revenue and net income for 3Q17. While revenue rose 2% to $18.2Bil, net income increased 8% to $4.1Bil. On a per share basis, net income rose to $1.42 from $1.24 a year ago.

$XL {{ '2017-10-11T20:46:20+0000' | timeago}} • Announcement

$XL announced its preliminary estimate of net losses of approx. $1.33Bil relating to Hurricanes Harvey, Irma and Maria. For 3Q17, total catastrophe losses including smaller loss events are preliminarily estimated at approx. $1.48Bil. On an after-tax basis, the preliminary estimate of total catastrophe net losses for 3Q17 is approx. $1.35Bil.

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