$PRAA (PRA Group, Inc.)

$PRAA {{ '2016-07-07T17:32:32+0000' | timeago}} • Announcement

Norfolk, Virginia-based $PRAA said it acquired eGov Systems, a provider of web-based payment portals and integrated revenue administration solutions for the government sector. The deal will allow PRA's government business to develop and maintain scalable online payment portals, and enhance its ability to expand its services and client base.

$MS {{ '2017-10-17T14:28:10+0000' | timeago}} • Announcement

During 3Q17, $MS's BoD declared a quarterly dividend of $0.25 per share, payable on November 15, 2017 to common shareholders of record on October 31, 2017.

$MS {{ '2017-10-17T14:27:48+0000' | timeago}} • Announcement

$MS's fixed income trading revenue, that witnessed a dramatic increase last year, however fell 21% to $1.2Bil during 3Q17. The bank attributed this decline to subdued activity in the current quarter.

$CMA {{ '2017-10-17T14:24:31+0000' | timeago}} • Announcement

For 4Q17 compared to 3Q17, $CMA expects non-interest expense to be impacted by restructuring expenses of about $15MM and expenses tied to revenue growth, such as outside processing expenses and advertising. Income tax expense is expected to be about 33% of pre-tax income, assuming no further tax impact from employee stock transactions.

$CMA {{ '2017-10-17T14:23:00+0000' | timeago}} • Announcement

For 4Q17 compared to 3Q17, $CMA expects growth in average loans of about 1%. This will reflect a seasonal increase in National Dealer Services and increases in general Middle Market, Corporate Banking and Technology and Life Sciences, partially offset by a seasonal decrease in Mortgage Banker Finance.

$CMA {{ '2017-10-17T14:21:01+0000' | timeago}} • Announcement

For 4Q17 compared to 3Q17, $CMA expects net interest income to reflect lower non-accrual interest recoveries, partially offset by loan growth. Non-interest income is expected to benefit from the execution of GEAR Up opportunities driving increases in treasury management income, card fees and fiduciary income.

$CMA {{ '2017-10-17T14:17:48+0000' | timeago}} • Announcement

$CMA's net interest income for 3Q17 grew to $546MM from $450MM last year, on net benefit from higher short-term rates and significantly higher interest recoveries. Non-interest income increased to $275MM from $272MM, on a rise in card fees, partially offset by a decline in commercial lending fees.

$CMA {{ '2017-10-17T14:15:59+0000' | timeago}} • Announcement

$CMA reported a jump in 3Q17 earnings driven by an increase in net interest income and an increase in non-interest income. Net income rose to $226MM or $1.26 per share from $149MM or $0.84 per share last year. Adjusted EPS increased to $1.27 from $0.91.

$MS {{ '2017-10-17T14:12:21+0000' | timeago}} • Announcement

$MS joins the list of other major banks on declining trading revenue, as it saw an 8% decline for 3Q17. The bank, on the other hand, saw its profit grow to 12% YoY, mainly due to the strong performance of its wealth management division and higher investment banking fees. Net income rose 12% to $1.8Bil, or $0.93 per share on 3% revenue growth.

$MS {{ '2017-10-17T12:46:56+0000' | timeago}} • Infographic

$MS Morgan Stanley Earnings AlphaGraphics: Q3 2017 highlights

$JPM {{ '2017-10-16T12:38:37+0000' | timeago}} • Announcement

$JPM declared dividends on the outstanding shares of the firm's Series O, P, T, W, Y, AA and BB preferred stock.

$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 {{ '2017-10-12T18:55:34+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.

$JPM {{ '2017-10-12T18:48:27+0000' | timeago}} • Webcast

As $JPM posted 3Q17 results, the financial giant expects next quarter’s markets revenues to be lower year-on-year.

Recent Transcripts

BAC (Bank of America Corporation)
Friday, October 13 2017 - 12:30pm
JPM (JPMorgan Chase & Co.)
Thursday, October 12 2017 - 12:30pm
ASFI (Asta Funding Inc)
Wednesday, August 9 2017 - 1:30pm
AFSI (AmTrust Financial Services, Inc.)
Tuesday, August 8 2017 - 9:30pm
PRAA (PRA Group, Inc.)
Tuesday, August 8 2017 - 9:00pm
ECPG (Encore Capital Group, Inc.)
Thursday, August 3 2017 - 9:00pm
NSM (Nationstar Mortgage Holdings Inc.)
Thursday, August 3 2017 - 1:00pm
ICE (Intercontinental Exchange, Inc.)
Thursday, August 3 2017 - 12:30pm
PFSI (PennyMac Financial Services, Inc.)
Thursday, August 3 2017 - 12:00am
ARCC (Ares Capital Corporation)
Wednesday, August 2 2017 - 4:00pm
OCN (Ocwen Financial Corp.)
Wednesday, August 2 2017 - 12:30pm
WD (Walker & Dunlop, Inc.)
Wednesday, August 2 2017 - 12:30pm
RM (Regional Management Corp.)
Tuesday, August 1 2017 - 9:00pm
SC (Santander Consumer USA Holdings Inc.)
Friday, July 28 2017 - 1:00pm
KKR (KKR & Co LP)
Thursday, July 27 2017 - 2:00pm
SPGI (S&P Global Inc.)
Thursday, July 27 2017 - 12:30pm
BGCP (BGC Partners, Inc.)
Wednesday, July 26 2017 - 2:00pm
MCO (Moody's Corporation)
Friday, July 21 2017 - 3:30pm
BHLB (Berkshire Hills Bancorp Inc.)
Thursday, July 20 2017 - 2:00pm
MS (Morgan Stanley)
Wednesday, July 19 2017 - 12:30pm

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