$FOR (Forestar Group Inc.)

$FOR {{ '2016-05-11T17:33:16+0000' | timeago}} • Webcast

$FOR said it has taken actions to eliminate over $30MM in SG&A cost in 2016 as compared to 2015 actual spending. With the exit of the non-core assets scheduled for this year, the company estimates full-year 2016 SG&A to be approx. $56MM. In 1Q16, $FOR reduced SG&A by 24% compared with 1Q15.

$BBT {{ '2017-10-19T12:11:20+0000' | timeago}} • Infographic

$BBT BB&T Corp. Earnings AlphaGraphic: Q3 2017 Highlights

$BBT {{ '2017-10-19T10:51:02+0000' | timeago}} • Announcement

$BBT's average loans held for investment during 3Q17 were $142.7Bil. Average commercial and industrial loans decreased $295MM. The changes were impacted by the reclassification of approx. $500MM in loans from commercial and industrial to CRE-income producing properties.

$BBT {{ '2017-10-19T10:41:55+0000' | timeago}} • Announcement

Financial services company $BBT reported net income of $597MM, or $0.74 per share for 3Q17, compared with $599MM, or $0.73 per share during 3Q16. Revenue during the quarter rose to $2.8Bil. Excluding items, $BBT earned $0.78 per share, up 2.6% from $0.76 last year.

$USB {{ '2017-10-19T09:18:15+0000' | timeago}} • Webcast

For 4Q17 and FY18, $USB expects to deliver positive operating leverage on a year-over-year basis, supported by expense growth in the 3-5% range. However, credit quality is expected to remain stable.

$USB {{ '2017-10-19T09:15:16+0000' | timeago}} • Webcast

$USB's credit and debit card revenue during 3Q17 increased 3% on year-over-year basis, helped by higher sales volumes. The company's Trust and asset management revenue grew 5%, reflecting business growth and favorable market conditions. Merchant processing revenue was down 1.7%.

$FITB {{ '2017-10-18T16:05:09+0000' | timeago}} • Announcement

$FITB appointed Jed Scala as EVP and head of Payments and Commerce Solutions, and Siva Gowrishankar as SVP and head of credit strategy and optimization. Bridgit Chayt, SVP and director of wholesale payments, will now lead the Wholesale Payments and Treasury Management teams.

$USB {{ '2017-10-18T14:07:01+0000' | timeago}} • Infographic

$USB U.S. Bancorp Earnings AlphaGraphics: Q3 2017 highlights

$USB {{ '2017-10-18T13:50:43+0000' | timeago}} • Announcement

$USB's net interest margin during 3Q17 was 12 basis points higher than 3Q16 and 6 basis points higher than 2Q17. This increase in the net margin was due to higher interest rates and loan portfolio mix. Average loans grew 3% during the quarter.

$USB {{ '2017-10-18T13:41:06+0000' | timeago}} • Announcement

Minneapolis-based regional bank $USB reported 4% growth in its 3Q17 profit, helped by higher interest rates. Net income rose to $1.56Bil, or $0.88 per share, compared with $1.50Bil, or $0.84 per share during 3Q16. Revenue rose 4% YoY to $5.61Bil. Net interest income rose 8% from the prior year period.

$USB {{ '2017-10-18T13:27:05+0000' | timeago}} • Announcement

$USB's BoD elected Richard McKenney as a director of the company, effective immediately. McKenney is the president and CEO of Chattanooga, Tenn., based $UNM.

$FITB {{ '2017-10-16T14:22:06+0000' | timeago}} • Announcement

$FITB announced a strategic relationship with $MA and AvidXchange to bring a best-in-class automated accounts payable solution to Fifth Third Bank's clients. As part of the relationship, Fifth Third will become the first bank to join The Mastercard B2B Hub powered by AvidXchange.

$BAC {{ '2017-10-13T19:10:55+0000' | timeago}} • Webcast

$BAC said it did not see a spike in loan defaults in 3Q17, unlike rivals such as $JPM and $C. However, the Charlotte, North Carolina- based company said it increased its provision for loan losses in the consumer banking segment by $269MM, keeping in mind the impact of hurricanes during the quarter.

$BAC {{ '2017-10-13T18:32:39+0000' | timeago}} • Webcast

Responding to a question whether $BAC would be able to hold the reins on costs in its Global Wealth and Investment Management business, the company said higher expenses are always attached to wealth management fee generation. In 3Q17, efficiency ratio for Wealth Management unit stood at 73%, much higher than Commercial Banking and Consumer units.

$BAC {{ '2017-10-13T18:07:59+0000' | timeago}} • Webcast

As part of its cost-cutting initiative, $BAC said it reduced workforce by 0.5% or 1,065 workers in 3Q17. The banking behemoth has cut over 80,000 jobs since CEO Brian Moynihan announced the initiative in 2011. Bank of America said it doesn't expect to see any more huge job cuts in the near future.

$BAC {{ '2017-10-13T13:15:17+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q3 2017 Highlights

$BAC {{ '2017-10-13T12:14:49+0000' | timeago}} • Announcement

In 3Q17, $BAC witnessed revenue growth in three of its four segments. Revenue from its largest segment, Consumer Banking, increased 10%, while that from Global Wealth and Investment Management rose 6%. Global Banking segment revenue rose 5%, but revenue from Global Markets fell 11% during the quarter.

$BAC {{ '2017-10-13T12:07:34+0000' | timeago}} • Announcement

$BAC said its loans in 3Q17 totaled $927.1MM, while deposits came in at $1.284 trillion. Meanwhile, driven by higher commercial losses, $BAC's net charge-offs rose by $12Bil YoY to $900MM.

$BAC {{ '2017-10-13T12:02:32+0000' | timeago}} • Announcement

$BAC, the second largest US bank by assets, said sales and trading revenue fell 13% to $3.1Bil in 3Q17 due to unfavorable market conditions and lower volatility in rates products. Fixed-income trading revenue fell 22% to $2.15Bil. Earlier, rivals $C and $JPM had also reported 16% and 27% declines respectively in their fixed-income trading revenues.

$BAC {{ '2017-10-13T11:53:40+0000' | timeago}} • Announcement

In spite of weak bond trading business, $BAC reported 13% jump in net income in 3Q17 to $5.6Bil, or $0.48 per share. Meanwhile, riding on a 9% climb in Net Interest Income during the quarter, the banking giant managed to modestly lift its revenue up 1% to $22.08Bil.

$USB {{ '2017-10-10T15:03:59+0000' | timeago}} • Announcement

$USB announced yesterday that its Voyager fleet cards will be using EMV M/Chip technology from $MA. Voyager is the first fleet card network to use the technology. $MA introduced the M/Chip solution last year to improve transaction time at the terminal. Post the liability shift deadline of Oct. 2015, migration towards EMV-based cards started in US.

Recent Transcripts

USB (U.S. Bancorp)
Wednesday, October 18 2017 - 1:00pm
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