$HMN (Horace Mann Educators Corp.)

$HMN {{ '2016-05-25T21:00:36+0000' | timeago}} • Announcement

Multiline insurance company $HMN said its BoD declared a quarterly dividend of 26.5 cents per share. The dividend is payable on June 30, 2016 to shareholders of record as of June 13, 2016.

$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

$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.

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

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

$AIG {{ '2018-01-22T14:18:44+0000' | timeago}} • Announcement

Insurance giant $AIG has signed an agreement to acquire $VR, an insurance and asset management firm, for $5.6Bil in cash. The purchase of Validus' assets is expected to be immediately accretive to AIG’s earnings, with the diversification benefits of the deal providing additional capital efficiencies. The transaction is expected to close mid-2018.

$RNR {{ '2018-01-19T14:34:07+0000' | timeago}} • Announcement

RenaissanceRe Ventures Ltd., a subsidiary of $RNR, agreed to buy a minority shareholding in Catalina. The agreement is expected to close concurrently with the majority acquisition of Catalina by affiliates of Apollo Global Management. Aditya Dutt, President of Renaissance Underwriting Managers Ltd., will join the Catalina BoD.

$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.

$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.

$MET {{ '2018-01-17T20:35:31+0000' | timeago}} • Announcement

$MET intends to merge its subsidiary, General American Life Insurance Company, with and into another subsidiary, Metropolitan Tower Life Insurance Company. Metropolitan Tower will continue as the surviving entity after the merger, and the merged entity will be domiciled in Nebraska. The transactions are expected to be completed in 1H18.

Recent Transcripts

HBAN (Huntington Bancshares Incorporated)
Tuesday, January 23 2018 - 2:00pm
FITB (Fifth Third Bancorp)
Tuesday, January 23 2018 - 2:00pm
TRV (The Travelers Companies, Inc.)
Tuesday, January 23 2018 - 2:00pm
GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
BAC (Bank of America Corporation)
Wednesday, January 17 2018 - 1:30pm
JPM (JPMorgan Chase & Co.)
Friday, January 12 2018 - 1:30pm
GROW (U.S. Global Investors, Inc.)
Friday, November 10 2017 - 1:30pm
TPRE (Third Point Reinsurance Ltd.)
Thursday, November 9 2017 - 1:30pm
PGR (Progressive Corp.)
Friday, November 3 2017 - 2:00pm
ALL (The Allstate Corporation)
Thursday, November 2 2017 - 1:00pm
MET (MetLife, Inc.)
Thursday, November 2 2017 - 12:00pm
RNR (RenaissanceRe Holdings Ltd.)
Wednesday, November 1 2017 - 2:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
VR (Validus Holdings, Ltd.)
Friday, October 27 2017 - 2:00pm
PFG (Principal Financial Group Inc.)
Friday, October 27 2017 - 2:00pm
CB (Chubb Limited)
Friday, October 27 2017 - 12:30pm
CNO (CNO Financial Group, Inc.)
Thursday, October 26 2017 - 3:00pm
AMSF (Amerisafe, Inc.)
Thursday, October 26 2017 - 2:30pm
RDN (Radian Group Inc.)
Thursday, October 26 2017 - 2:00pm
AFL (Aflac Incorporated)
Thursday, October 26 2017 - 1:00pm

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