$RJF (Raymond James Financial, Inc.)

$RJF {{ '2016-09-22T10:54:15+0000' | timeago}} • Announcement

$RJF reported that in Aug. 2016 financial AUM grew 9% to a record $74.4Bil versus Aug. 2015. Total net loans at Raymond James Bank grew 17% to $14.8Bil over Aug. 2015. The growth was mainly driven by resumption of commercial and industrial growth.

$RF {{ '2018-01-22T15:24:11+0000' | timeago}} • Webcast

For FY18, $RF expects average loans and average deposits to grow in the low single digits. The company expects its adjusted net interest income to growth in the range of 3-5% and noninterest income to growth in the range of 3-6%. Following the income tax reform, the company expects its effective tax rate to be in the range of 20-22%.

$RF {{ '2018-01-22T15:07:15+0000' | timeago}} • Webcast

$RF's average loan balances totaled $79.5Bil during 4Q17. Average balances in the consumer lending portfolio increased $40MM. During the quarter, total average deposits increased modestly as growth in low-cost deposits exceeded strategic reductions within the wealth and other segments.

$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.

$STI {{ '2018-01-22T14:17:14+0000' | timeago}} • Webcast

$STI stated that the sale of its subsidiary Premium Assignment Corp. (PAC) to IPFS Corp, resulted in a pretax gain of $107MM during 4Q17. PAC contributed approx. $55MM of revenue, $25MM of expense and $20MM of net income during FY17.

$MS {{ '2018-01-19T20:12:35+0000' | timeago}} • Webcast

$MS's wealth management business posted strong revenue during 4Q17. Revenues were $4.4Bil, a 4% sequential increase.  Following a multiyear decline the bank reported a increase in the Transactional revenue to $790MM, up 7% sequentially.

$MS {{ '2018-01-19T20:03:39+0000' | timeago}} • Webcast

$MS reported a 3% sequential increase in its Institutional Securities business to $4.5Bil during 4Q17. Investment Banking witnessed 13% QoQ rise to $1.4Bil, driven by underwriting, particularly in equity, which increased 52%. From a regional perspective, $MS reported sequential increase in Asia, particularly in equity underwriting.

$STI {{ '2018-01-19T16:44:28+0000' | timeago}} • Announcement

$STI said Anil Cheriyan will retire as chief information officer effective March 31, 2018, following a 36-year career in management consulting and information technology. Scott Case will succeed Cheriyan as CIO, effective Feb. 5, 2018, reporting to SunTrust Chairman and CEO Bill Rogers.

$BLK {{ '2018-01-19T15:19:31+0000' | timeago}} • Webcast

$BLK, which benefited in 4Q17 from the $1.2Bil of net tax benefit from the recent tax reform, said that the reduction in the tax rate will increase the asset manager's after cash flow. BlackRock added that this increased cash flow from the tax reforms will be used in share buybacks and paying dividends, and also for investing in new products.

$RF {{ '2018-01-19T13:17:49+0000' | timeago}} • Announcement

Banking company $RF reported 14% growth in its 4Q17 profit, helped by growth in net interest income. Earnings rose to $318MM, or $0.27 per share, from $278MM, or $0.23 per share during 4Q16. Total revenue on a fully taxable equivalent basis rose 6% to $1.5Bil.

$STI {{ '2018-01-19T12:30:16+0000' | timeago}} • Announcement

$STI's net interest margin during 4Q17 was 3.17%, up 17Bps from the prior year period. This increase was driven by higher earning asset yields arising from higher benchmark interest rates, continued positive mix shift in the loans held for investment (LHFI) portfolio, and higher securities AFS yields given lower premium amortization expense.

$STI {{ '2018-01-19T12:27:00+0000' | timeago}} • Announcement

Banker $STI posted 4Q17 net income available to common shareholders of $710MM, or $1.48 per share, up from $448MM, or $0.90 per share in 4Q16. This gain was on the sale of Premium Assignment Corporation ("PAC") subsidiary and tax reform-related items. Total revenue rose 2.4% YoY to $2.26Bil, helped by higher net interest income.

$BLK {{ '2018-01-18T20:31:11+0000' | timeago}} • Announcement

Assets under management of $BLK transcends $6 trillion mark at the end of 4Q17, helped by the strong market conditions. Revenue jumped 20% to $3.469Bil, while profit rose more than 100% to $2.304Bil or $14.07 per share on a GAAP basis, reflecting the $1.2Bil of net tax benefit related to the Tax Cuts and Jobs Act. Adjusted EPS was up 21% to $6.24.

$BBT {{ '2018-01-18T19:48:38+0000' | timeago}} • Webcast

$BBT said insurance revenues could be higher than projected, if the market responds with better pricing. The company thinks the insurance price increases will be higher because of all the catastrophes and it competes on loan growth and that could cause more positive operating leverage.

$BBT {{ '2018-01-18T19:44:05+0000' | timeago}} • Webcast

$BBT said it continues to invest substantially more in digital strategy. The company's new platform continues to be one of the very best in the business today. $BBT continues to invest in it on a regular basis. $BBT's Zelle P2P program, like all of the other major banks in the country rolled out recently, it's going extraordinarily well.

$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.

$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.

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

$MS Morgan Stanley Earnings AlphaGraphics: Q4 2017 highlights

Recent Transcripts

RF (Regions Financial Corporation)
Friday, January 19 2018 - 4:00pm
STI (SunTrust Banks, Inc.)
Friday, January 19 2018 - 1:00pm
MS (Morgan Stanley)
Thursday, January 18 2018 - 1:30pm
BBT (BB&T 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
PNC (The PNC Financial Services Group, Inc.)
Friday, January 12 2018 - 2:30pm
BLK (BlackRock, Inc.)
Friday, January 12 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
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
SF (Stifel Financial Corp.)
Monday, October 30 2017 - 9:00pm
NMR (Nomura Holdings, Inc.)
Monday, October 30 2017 - 9:30am
VR (Validus Holdings, Ltd.)
Friday, October 27 2017 - 2:00pm
BGCP (BGC Partners, Inc.)
Thursday, October 26 2017 - 2:00pm
PJC (Piper Jaffray Companies)
Thursday, October 26 2017 - 1:00pm
RJF (Raymond James Financial, Inc.)
Thursday, October 26 2017 - 12:15pm
SSNC (SS&C Technologies Holdings, Inc.)
Wednesday, October 25 2017 - 9:00pm
XL (XL Group plc)
Tuesday, October 24 2017 - 10:00pm
COF (Capital One Financial Corporation)
Tuesday, October 24 2017 - 9:00pm

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