$HAFC (Hanmi Financial Corporation)

$HAFC {{ '2016-02-04T19:42:53+0000' | timeago}} • Announcement

$HAFC, the holding company of Hanmi Bank, said it appointed Harry Chung and Michael Yang to its BoD, effective Feb 2, 2016.

$WBS {{ '2017-07-25T14:01:52+0000' | timeago}} • Announcement

The BoD of $WBS declared a quarterly cash dividend of $0.26 per share on its common stock. The dividend will be payable on Aug. 21, 2017 to shareholders of record on Aug. 7, 2017.

$BK {{ '2017-07-20T19:57:08+0000' | timeago}} • Webcast

$BK has began on boarding clients affected by $JPM's decision to exit the US government securities Clearance business. The revenue impact in 2017 will be modest as many of the largest revenue producing relationships will not be coming on board until 2018. $BK expects to see the full revenue impact in 2019.

$PYPL {{ '2017-07-20T19:23:41+0000' | timeago}} • Announcement

$PYPL announced a partnership with $JPM that will make it easy to add Chase cards via Chase Pay to PayPal accounts, and will soon offer customers the option of paying with Ultimate Rewards points when linked through Chase Pay at $PYPL’s online merchants. $PYPL will also be able to process payments on ChaseNet, a closed-loop payment network.

$PYPL {{ '2017-07-20T15:44:04+0000' | timeago}} • Announcement

Payment services provider $PYPL and $C have expanded their strategic agreement for broadening consumer payment choices. The partnership will allow Citi card-members to use their ThankYou Points to pay for all or part of purchases when shopping online through the PayPal gateway in US. The facility will be launched next year.

$HAFC {{ '2017-07-19T12:54:42+0000' | timeago}} • Announcement

$HAFC's BoD lifted 3Q17 cash dividend by 10.5% to $0.21 per share from $0.19 per share in the prior quarter. The dividend will be payable on Aug. 16, 2017 to stockholders of record on July 28, 2017.

$JPM {{ '2017-07-18T19:07:10+0000' | timeago}} • Webcast

$JPM expects IB fees in the second half of the year to be down year-on-year. On expense, the banker continues to expect full year adjusted expense of $58Bil.

$BAC {{ '2017-07-18T18:18:01+0000' | timeago}} • Webcast

$BAC said it does not consider M&A as a capital strategy. It said the company has been grown organically by investing in cash major capabilities and hence, it does not want to be distracted by acquisitions.

$BAC {{ '2017-07-18T17:11:25+0000' | timeago}} • Webcast

$BAC said total loans in 2Q17 were up 2% YoY, adding that sale of UK card lowered average loan by 2.9Bil. Loan growth was reduced by continued run-off consumer real estate loans during the quarter. However, loans in the business segment were up $39Bil or 5%, led by consumer banking. $BAC continues to see good growth in residential mortgages.

$BAC {{ '2017-07-18T13:11:59+0000' | timeago}} • Infographic

$BAC Bank of America Corporation Earnings AlphaGraphic: Q2 2017 Highlights

$JPM {{ '2017-07-18T12:32:16+0000' | timeago}} • Infographic

$JPM JPMorgan Chase & Co. Earnings AlphaGraphics: Q2 2017 highlights

$BAC {{ '2017-07-18T12:24:18+0000' | timeago}} • Announcement

Revenue increased 9% to $8.5Bil in $BAC's Consumer Banking segment in 2Q17. Meanwhile, revenue rose 6% to $4.7Bil in Global Wealth and Investment Management, and 7% to a record $5Bil in Global Banking. Global Markets was a dark spot, with a revenue decline of 8% to $3.9Bil, driven by lower sales and trading results.

$BAC {{ '2017-07-18T12:12:51+0000' | timeago}} • Announcement

$BAC, the second-largest US lender by assets, said its sales and trading revenue was $3.2Bil in 2Q17, including negative net debit valuation adjustment of $159MM. Excluding net DVA, sales and trading revenue was down 9%YoY. Meanwhile, fixed income trading unit showed a decline of 14% during the quarter.

$BAC {{ '2017-07-18T12:03:28+0000' | timeago}} • Announcement

Despite a fall in trading, banking major $BAC reported higher revenue and net income in 2Q17, helped by growth in its largest unit - Consumer Banking. Total revenue grew 7% to $22.8Bil, while net income increased 10% to $4.9Bil, or $0.46 per share. Meanwhile, net interest income rose 9% to $11Bil, reflecting benefits from higher interest rates.

$JPM {{ '2017-07-18T11:27:51+0000' | timeago}} • Announcement

For 2Q17, $JPM's book value per share was up 5% to $66.05. Basel III common equity Tier 1 capital ratio was 12.5% in the quarter. 2Q17 results included a $406MM after-tax benefit from a legal settlement.

$JPM {{ '2017-07-18T11:20:43+0000' | timeago}} • Announcement

In 2Q17, $JPM's net revenue rose 5% to $26.4Bil, generating a 13% bump in net income of $7.0Bil or $1.82 per share. Rising rates and loan growth helped the net interest income soar 8% to $12.5Bil. The provision for credit losses was $1.2Bil, down from $1.4Bil in the prior-year quarter.

$WFC {{ '2017-07-14T20:11:34+0000' | timeago}} • Webcast

As part of its $2Bil cost-cutting initiative, $WFC, the third-largest U.S. bank by assets, has closed 93 branches, including 54 in 2Q17, and is on track to close 200 branches this year. The company, as planned, will close an additional 250 branches in 2018.

$WFC {{ '2017-07-14T20:07:37+0000' | timeago}} • Webcast

Amidst the sales scandal, $WFC still continues to invest in its businesses and technologies. At the end of 1Q17, $WFC became the first large bank in the US to offer card-free access to all of its ATMs. Customers have used the new card-free ATM access code over 1MM times as of the end of 2Q17, said the company.

$WFC {{ '2017-07-14T20:01:07+0000' | timeago}} • Webcast

Recently appointed CEO Tim Sloan, who is working to rebuild confidence in $WFC after the fake account scandal that led to the departure of his predecessor, said the company has received preliminary court approval for $142MM class action settlement and expects the settlement to resolve substantially all claims in 10 other pending class actions.

$WFC {{ '2017-07-14T19:49:28+0000' | timeago}} • Webcast

$WFC's auto portfolio continued to decline in 2Q17 and was down $2.5Bil from 1Q17, as the company is taking proactive steps to tighten underwriting standards. The bank expects a further decline in the auto portfolio through 2H16, but sees it stabilizing in 1H18.

$WFC {{ '2017-07-14T19:28:51+0000' | timeago}} • Webcast

In an effort to improve operating performance by focusing on core banking products and services, $WFC has announced the sale of its Commercial Insurance business (expected to close in 4Q17) and Shareowner Services business (expected to close by 1Q18-end). Notably, the company sold its Crop Insurance and Health Benefit Services businesses last year.

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