$WIBC (Wilshire Bancorp Inc.)

$WIBC {{ '2016-07-14T20:57:02+0000' | timeago}} • Announcement

Financial services company $WIBC said it notified NASDAQ of its intent to voluntarily delist its shares of common stock from the Nasdaq Global Select Market in connection with the closing of the company's merger with $BBCN. The proposed merger is expected to close on or around July 29, 2016.

$MS {{ '2018-01-18T16:27:37+0000' | timeago}} • Announcement

During 4Q17, $MS's BoD declared a $0.25 quarterly dividend per share, payable on February 15, 2018 to common shareholders of record on January 31, 2018.

$MS {{ '2018-01-18T16:24:14+0000' | timeago}} • Announcement

$MS, like other major banks, recorded a net discrete tax provision of $990MM related to the new tax law during 4Q17. This led to a 59% drop in earnings to $686MM, or $0.29 per share, from $1.6Bil, or $0.81 per share during 4Q16. Adj. EPS was $0.84. Net revenue during the quarter was $9.5Bil, up 5% from $9Bil.

$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.

$KEY {{ '2018-01-18T15:25:06+0000' | timeago}} • Infographic

$KEY KeyCorp Earnings AlphaGraphic: Q4 2017 Highlights

$CMA {{ '2018-01-18T15:06:41+0000' | timeago}} • Announcement

Profit for $CMA fell 32% YoY to $112MM, or $0.63 per share, for 4Q17 as the Dallas-based lender took a $107MM charge to adjust deferred taxes due to the Tax Cuts and Jobs Act. But the company's earnings were up 29% to $1.28 per share after adjusting for the charge and other items. Pre-tax income grew 46% for the quarter and 84% for the year.

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

$BK Bank of New York Mellon Corporation Earnings AlphaGraphic: Q4 2017 Highlights

$CMA {{ '2018-01-18T13:21:57+0000' | timeago}} • Infographic

$CMA Comerica Incorporated Earnings AlphaGraphic: Q4 2017 Highlights

$MS {{ '2018-01-18T13:12:21+0000' | timeago}} • Infographic

$MS Morgan Stanley Earnings AlphaGraphics: Q4 2017 highlights

$BBT {{ '2018-01-18T13:05:07+0000' | timeago}} • Announcement

$BBT expects 1Q18 average total loans of up 1-3% annualized from last quarter and credit quality to be 35-45 basis points. $BBT sees 1Q18 net interest margin to be down 1-3 bps versus 4Q17 and non-interest income of up 1-3% versus 1Q17. For 2018, $BBT sees revenue growth of 2-3%, expenses to be flat from last year and effective tax rate of 21%.

$BBT {{ '2018-01-18T13:02:21+0000' | timeago}} • Announcement

$BBT reported a rise in 4Q17 earnings driven by higher revenue. Net income rose to $614MM or $0.77 per share from $592MM or $0.72 per share last year. Revenue grew to $2.87Bil from $2.73Bil, on an increase in net interest income and higher fees from the majority of non-interest revenues sources. Adjusted EPS for the latest quarter was $0.84.

$BBT {{ '2018-01-18T12:49:29+0000' | timeago}} • Infographic

$BBT BB&T Corporation Earnings AlphaGraphic: Q4 2017 Highlights

$KEY {{ '2018-01-18T12:22:46+0000' | timeago}} • Announcement

Key Community Bank, the main division of $KEY, registered a 7% gain in 4Q17 revenues to $969MM. Meanwhile, revenues of Key Corporate Bank decreased 4% to $603MM. Revenues of the other segments totaled $35MM, down 8% compared to the year-ago quarter.

$KEY {{ '2018-01-18T12:07:52+0000' | timeago}} • Announcement

Financial services provider $KEY reported a 13% drop in 4Q17 profit, owing to merger-related charges and impact of the tax reform. Earnings per share declined to $0.17 from $0.20 in 4Q16. Adjusted for special items, earnings advanced to $0.36 per share. Revenues, meanwhile, rose 3% to $1.6BIl, with net interest income rising modestly to $952MM.

$SLM {{ '2018-01-17T22:20:00+0000' | timeago}} • Announcement

$SLM expects full-year 2018 diluted core EPS to be $0.97-1.01. The company expects full-year 2018 private education loan originations of $5Bil and non-GAAP operating efficiency ratio of 37-38%.

$SLM {{ '2018-01-17T22:16:06+0000' | timeago}} • Announcement

$SLM reported a decrease in 4Q17 earnings. Net income attributable to common stock was $44MM or $0.10 per share compared to $65MM or $0.15 per share in 4Q16. The YoY decrease was primarily attributable to the required accounting treatment for the effects of the Tax Act.

$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.

$WFC {{ '2018-01-17T19:29:42+0000' | timeago}} • Announcement

$WFC announced that Senior Executive Vice President Mike Loughlin will retire as the company's Chief Risk Officer. The company expects to name a successor in the next few months and Loughlin will remain in his current role through the transition.

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