$AMSF (Amerisafe, Inc.)

$AMSF {{ '2016-04-27T13:24:38+0000' | timeago}} • Announcement

$AMSF said its BoD appointed Janelle Frost as a member of the Board to fill the vacancy created by Allen Bradley's retirement. Frost has served as $AMSF's CEO since April 2015 and prior to that served in a number of management roles, including COO and EVP and CFO.

$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.

$COF {{ '2018-01-23T22:25:02+0000' | timeago}} • Announcement

Financial services provider $COF slipped into a loss in 4Q17 owing to income tax related charges, despite a 7% revenue growth. The loss was $2.17 per share, compared to earnings of $1.45 per share a year earlier. On a non-GAAP basis, Capital One recorded earnings of $1.62 per share, up 3% from 4Q16. Net interest income rose 7% to $5.8Bil in 4Q17.

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

$NAVI Navient Corporation Earnings AlphaGraphic: Q4 2017 Highlights

$COF {{ '2018-01-23T22:12:08+0000' | timeago}} • Infographic

$COF Capital One Financial Corp. Earnings AlphaGraphic: Q4 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.

$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.

$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.

$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.

$GS {{ '2018-01-17T15:41:05+0000' | timeago}} • Announcement

$GS' equity securities revenue for 4Q17 grew 18% year-over-year to $1.21Bil, reflecting a significant increase in net gains from private equities. Revenue in debt securities and loans declined 2% to $449MM, due to higher provisions for loan losses, primarily from impairment of a secured loan.

$GS {{ '2018-01-17T15:39:00+0000' | timeago}} • Announcement

$GS' trading revenue for 4Q17 plunged 50% year-over-year to $1Bil. This was due to significant lower revenues in currencies, credit products, interest rate products and commodities. Fixed Income, Currency and Commodities Client Execution continued to operate in a challenging environment due to low levels of volatility and low client activity.

$GS {{ '2018-01-17T15:38:23+0000' | timeago}} • Announcement

$GS' revenue in Investment Banking for 4Q17 jumped 44% year-over-year to $2.14Bil. This was driven by higher revenue in the U.S. Financial Advisory as well as higher revenue in both debt underwriting and equity underwriting.

Recent Transcripts

TRV (The Travelers Companies, Inc.)
Tuesday, January 23 2018 - 2:00pm
GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
TPRE (Third Point Reinsurance Ltd.)
Thursday, November 9 2017 - 1:30pm
EMCI (EMC Insurance Group Inc.)
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BWIN.B (Baldwin & Lyons Inc.)
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AGII (Argo Group International Holdings, Ltd.)
Friday, November 3 2017 - 4:00pm
NAVG (The Navigators Group, Inc.)
Friday, November 3 2017 - 12:30pm
AFG (American Financial Group Inc.)
Wednesday, November 1 2017 - 3:30pm
RNR (RenaissanceRe Holdings Ltd.)
Wednesday, November 1 2017 - 2:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
EVBN (Evans Bancorp Inc.)
Monday, October 30 2017 - 8:45pm
CNA (CNA Financial Corporation)
Monday, October 30 2017 - 2:00pm
CINF (Cincinnati Financial Corp.)
Friday, October 27 2017 - 3:00pm
VR (Validus Holdings, Ltd.)
Friday, October 27 2017 - 2:00pm
IBN (ICICI Bank Ltd.)
Friday, October 27 2017 - 1:00pm
AMSF (Amerisafe, Inc.)
Thursday, October 26 2017 - 2:30pm
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Thursday, October 26 2017 - 2:00pm
MKL (Markel Corp.)
Thursday, October 26 2017 - 1:30pm
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Tuesday, October 24 2017 - 10:00pm
WRB (W.R. Berkley Corporation)
Tuesday, October 24 2017 - 9:00pm

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