$FAF (First American Financial Corporation)

$FAF {{ '2016-09-06T19:11:20+0000' | timeago}} • Announcement

$FAF said it has signed an agreement to acquire RedVision Systems, Inc., the largest independent national provider of title & real property research. RedVision will become part of $FAF's Data and Mortgage Solutions division & will operate as a business unit under its brand and management team, with CEO Brian Twibell continuing to lead the business.

$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.

$AJG {{ '2017-10-16T13:14:06+0000' | timeago}} • Announcement

$AJG announced the acquisition of Santa Fe, New Mexico-based Reynolds & Rodar Insurance Group, Inc. Terms of the transaction were not disclosed.

$BRO {{ '2017-10-16T12:58:39+0000' | timeago}} • Announcement

$BRO's subsidiary Pacific Resources Benefit Advisors has acquired substantially all of the assets of Universal Benefit Solutions (UBS). The UBS team will become part of the Pacific Resources profit center, which operates under the direction of Barrett Brown, Regional President of $BRO.

$JPM {{ '2017-10-16T12:38:37+0000' | timeago}} • Announcement

$JPM declared dividends on the outstanding shares of the firm's Series O, P, T, W, Y, AA and BB preferred stock.

$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.

$PNC {{ '2017-10-13T18:23:06+0000' | timeago}} • Webcast

Looking ahead to 4Q17 compared to the third quarter, $PNC expects modest growth in loans, with net interest income, fee income and expenses to each be up in the low single digits, and the provision to be between $100-150MM.

$PNC {{ '2017-10-13T18:16:33+0000' | timeago}} • Webcast

For the remainder of FY17, $PNC expects continued steady growth in GDP and a 25 basis-point increase in short-term interest rates in December.

$PNC {{ '2017-10-13T18:14:39+0000' | timeago}} • Webcast

As $PNC posted 3Q17 results, the financial giant continues to expect the effective tax rate to be between 25% and 26% in FY17.

$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.

$PNC {{ '2017-10-13T13:19:35+0000' | timeago}} • Infographic

$PNC The PNC Financial Services Group, Inc. Earnings AlphaGraphics: Q3 2017 highlights

$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.

$BRO {{ '2017-10-13T11:19:28+0000' | timeago}} • Announcement

$BRO BoD declared a regular quarterly cash dividend of $0.15 per share.  The dividend is payable on Nov. 8, 2017 to shareholders of record on Oct. 27, 2017.

$PNC {{ '2017-10-13T11:13:39+0000' | timeago}} • Announcement

Financial giant $PNC saw total loans rise 5% to $221.1Bil in 3Q17 end. Average loans for the quarter also saw a 5% bump to $219.2Bil. Average deposits for the quarter rose 3% to $259.4Bil.

$PNC {{ '2017-10-13T11:06:49+0000' | timeago}} • Announcement

With net interest income jumping 12% to $2.35Bil for $PNC in 3Q17, total revenue rose 8% to $4.13Bil. Noninterest income inched 3% up to $1.78Bil. Net income rose to $1.13Bil from last year's $1.01Bil, while diluted EPS of the financial giant surged 17% to $2.16 in the quarter.

$AON {{ '2017-10-12T21:13:37+0000' | timeago}} • Announcement

Professional services provider $AON declared a quarterly cash dividend of $0.36 per share on its class-A ordinary shares. The dividend is payable on November 15, 2017, to shareholders of record on November 1, 2017.

Recent Transcripts

PNC (The PNC Financial Services Group, Inc.)
Friday, October 13 2017 - 1:30pm
BAC (Bank of America Corporation)
Friday, October 13 2017 - 12:30pm
JPM (JPMorgan Chase & Co.)
Thursday, October 12 2017 - 12:30pm
GROW (U.S. Global Investors, Inc.)
Tuesday, September 12 2017 - 9:00pm
AFSI (AmTrust Financial Services, Inc.)
Tuesday, August 8 2017 - 9:30pm
AON (Aon plc)
Friday, August 4 2017 - 12:30pm
ACXM (Acxiom Corporation)
Thursday, August 3 2017 - 9:00pm
CINF (Cincinnati Financial Corp.)
Thursday, August 3 2017 - 3:00pm
AIG (American International Group, Inc.)
Thursday, August 3 2017 - 1:00pm
HIIQ (Health Insurance Innovations, Inc.)
Thursday, August 3 2017 - 12:30pm
ICE (Intercontinental Exchange, Inc.)
Thursday, August 3 2017 - 12:30pm
DNB (Dun & Bradstreet Corp.)
Thursday, August 3 2017 - 12:00pm
ARCC (Ares Capital Corporation)
Wednesday, August 2 2017 - 4:00pm
FISV (Fiserv, Inc.)
Tuesday, August 1 2017 - 9:00pm
ERIE (Erie Indemnity Company)
Friday, July 28 2017 - 2:00pm
AJG (Arthur J Gallagher & Co.)
Friday, July 28 2017 - 1:00pm
FAF (First American Financial Corporation)
Thursday, July 27 2017 - 3:00pm
DST (DST Systems Inc.)
Thursday, July 27 2017 - 12:30pm
MMC (Marsh & McLennan Companies, Inc.)
Thursday, July 27 2017 - 12:30pm
CHE (Chemed Corp.)
Wednesday, July 26 2017 - 2:00pm

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