$JNS (Janus Capital Group, Inc.)

$JNS {{ '2016-08-31T14:56:34+0000' | timeago}} • Announcement

$JNS said it filed a registration statement with SEC for a global equity income exchange traded fund (ETF) with a focus on dividend paying companies with robust balance sheets and underlying businesses. This seeks to provide clients an important income producing alternative in an environment of negative interest rates and yields.

$NAVI {{ '2018-01-23T23:08:00+0000' | timeago}} • Announcement

$NAVI acquired $463MM of FFELP loans in 4Q17. At December 31, 2017, $NAVI held $81.7Bil of FFELP loans compared with $87.7Bil of FFELP loans held at December 31, 2016. $NAVI acquired $884MM of private education loans in 4Q17. At December 31, 2017, $NAVI held $23.4Bil of private education loans vs. $23.3Bil last year.

$NAVI {{ '2018-01-23T23:07:19+0000' | timeago}} • Announcement

$NAVI reported a net loss of $84MM or $0.32 per share in 4Q17 compared to a net income of $145MM or $0.48 per share in 4Q16. This result includes a $208MM loss due to the Tax Cuts and Jobs Act. Core earnings reflected a net loss of $131MM or $0.50 per share vs. net income of $129MM or $0.43 per share for 4Q16.

$NAVI {{ '2018-01-23T22:17:27+0000' | timeago}} • Infographic

$NAVI Navient Corporation Earnings AlphaGraphic: Q4 2017 Highlights

$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

$BK {{ '2018-01-18T21:34:13+0000' | timeago}} • Webcast

As a result of tax reforms, Bank of New York Mellon expects to reinvest the cash in building capital base, organic investments, acquisitions, and via dividends & buybacks. $BK also plans to increase minimum wages for all employees to $15 per hour in the US. The company also plans to increase technology spending as 75% of the business is tech based.

$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.

$BK {{ '2018-01-18T15:36:57+0000' | timeago}} • Announcement

The world's largest custodian bank Bank of New York Mellon reported 37% jump in 4Q profits due to tax reforms. Revenue for the quarter dropped 2% to $3.7Bil (fee revenues contributed 77%), while assets under custody increased 11% to $33.3 trillion. Tax benefits stood at $427MM. $BK also recorded $246MM in severance and litigation charges.

$BK {{ '2018-01-18T14:57:49+0000' | timeago}} • Infographic

$BK Bank of New York Mellon Corporation Earnings AlphaGraphic: 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.

$BEN {{ '2018-01-17T20:45:23+0000' | timeago}} • Announcement

Investment management company $BEN to acquire Edinburgh Partners Limited. The transaction is subject to regulatory approvals and is expected to be completed in 1H18. Terms of the transaction were not disclosed.

$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

HBAN (Huntington Bancshares Incorporated)
Tuesday, January 23 2018 - 2:00pm
FITB (Fifth Third Bancorp)
Tuesday, January 23 2018 - 2:00pm
BK (The Bank of New York Mellon Corporation)
Thursday, January 18 2018 - 1:00pm
GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
BAC (Bank of America Corporation)
Wednesday, January 17 2018 - 1:30pm
NOAH (Noah Holdings Limited)
Tuesday, November 21 2017 - 1:00am
SCM (Stellus Capital Investment Corporation)
Friday, November 10 2017 - 4:00pm
GROW (U.S. Global Investors, Inc.)
Friday, November 10 2017 - 1:30pm
NMFC (New Mountain Finance Corporation)
Wednesday, November 8 2017 - 3:00pm
TPVG (TriplePoint Venture Growth BDC Corp.)
Monday, November 6 2017 - 10:00pm
PGR (Progressive Corp.)
Friday, November 3 2017 - 2:00pm
FNGN (Financial Engines, Inc.)
Thursday, November 2 2017 - 9:00pm
OZM (Och-Ziff Capital Management Group LLC)
Thursday, November 2 2017 - 12:30pm
APO (Apollo Global Management, LLC)
Wednesday, November 1 2017 - 2:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
AMG (Affiliated Managers Group Inc.)
Monday, October 30 2017 - 12:30pm
IBN (ICICI Bank Ltd.)
Friday, October 27 2017 - 1:00pm
OAK (Oaktree Capital Group, LLC)
Thursday, October 26 2017 - 3:00pm
BEN (Franklin Resources, Inc.)
Thursday, October 26 2017 - 3:00pm
SFE (Safeguard Scientifics, Inc.)
Thursday, October 26 2017 - 1:00pm

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