$STC (Stewart Information Services Corporation)

$STC {{ '2016-10-18T18:37:53+0000' | timeago}} • Announcement

$STC entered into an agreement with Starboard Value LP regarding its BoD composition. CEO Matthew Morris and a new independent director, Clifford Press, will be appointed to the Board, effective immediately. Morris and Press will replace Malcolm S. Morris and Stewart Morris, Jr., who have agreed to resign after serving on the Board for 16 years.

$TRV {{ '2018-01-23T13:41:16+0000' | timeago}} • Announcement

$TRV BoD declared a quarterly dividend of $0.72 per share. The dividend is payable on March 30, 2018, to shareholders of record on March 9, 2018.

$TRV {{ '2018-01-23T13:40:01+0000' | timeago}} • Announcement

Insurance firm $TRV reported a charge of $129MM during 4Q17 owing to the latest tax reform. This hurt profit that fell 42% to $551MM, or $1.98 per share, compared to  $943MM, or $3.28 per share in 4Q16. Core income fell 29% to $2.28 per share. Total revenue during the quarter rose 4% YoY to $7.45Bil.

$STT {{ '2018-01-23T13:04:54+0000' | timeago}} • Announcement

With total revenue jumping 13% to $2.53Bil in 4Q17, $STT saw net income slump almost 40% to $334MM or $0.89 per diluted share with new tax reforms impacting the results.

$TRV {{ '2018-01-23T13:04:23+0000' | timeago}} • Infographic

$TRV The Travelers Companies, Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$ZION {{ '2018-01-23T12:45:10+0000' | timeago}} • Announcement

$ZION reported an earnings retreat of 8.7% for 4Q17, impacted by higher provisions. Income applicable to common shareholders was $114MM or $0.54 per share, down from the year ago earnings of $125MM or $0.60 per share. However, pre-provision net revenue surged 21% to $257MM. On an adjusted basis, $ZION posted earnings of $0.80 per share, up 33% YoY.

$ZION {{ '2018-01-22T22:31:13+0000' | timeago}} • Infographic

$ZION Zions Bancorporation Earnings AlphaGraphic: Q4 2017 Highlights

$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.

$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.

$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.

$MMC {{ '2018-01-17T18:12:48+0000' | timeago}} • Announcement

$MMC declared a quarterly dividend of $0.375 per share on outstanding common stock, payable on February 15, 2018, to shareholders of record on January 31, 2018.

$GS {{ '2018-01-17T15:49:01+0000' | timeago}} • Announcement

$GS' BoD declared on Jan. 16 a dividend of $0.75 per common share, payable on March 29, 2018 to shareholders of record on March 1, 2018. During 4Q17, the company repurchased 6.6MM shares at an average cost per share of $241.13, for a total cost of $1.59Bil.

$GS {{ '2018-01-17T15:44:30+0000' | timeago}} • Announcement

$GS' revenue in Investment Management for 4Q17 rose 4% year-over-year to $1.66Bil. This was primarily due to higher management and other fees, reflecting higher average assets under supervision, partially offset by lower incentive fees. During 4Q17, total assets under supervision increased $38Bil to $1.49 trillion.

$GS {{ '2018-01-17T15:41:05+0000' | timeago}} • Announcement

$GS' equity securities revenue for 4Q17 grew 18% year-over-year to $1.21Bil, reflecting a significant increase in net gains from private equities. Revenue in debt securities and loans declined 2% to $449MM, due to higher provisions for loan losses, primarily from impairment of a secured loan.

$GS {{ '2018-01-17T15:39:00+0000' | timeago}} • Announcement

$GS' trading revenue for 4Q17 plunged 50% year-over-year to $1Bil. This was due to significant lower revenues in currencies, credit products, interest rate products and commodities. Fixed Income, Currency and Commodities Client Execution continued to operate in a challenging environment due to low levels of volatility and low client activity.

$GS {{ '2018-01-17T15:38:23+0000' | timeago}} • Announcement

$GS' revenue in Investment Banking for 4Q17 jumped 44% year-over-year to $2.14Bil. This was driven by higher revenue in the U.S. Financial Advisory as well as higher revenue in both debt underwriting and equity underwriting.

Recent Transcripts

ZION (Zions Bancorporation)
Monday, January 22 2018 - 10:30pm
GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
BAC (Bank of America Corporation)
Wednesday, January 17 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
STC (Stewart Information Services Corporation)
Monday, November 6 2017 - 1:30pm
AIG (American International Group, Inc.)
Friday, November 3 2017 - 12:00pm
HIIQ (Health Insurance Innovations, Inc.)
Thursday, November 2 2017 - 12:30pm
AFG (American Financial Group Inc.)
Wednesday, November 1 2017 - 3:30pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
KMPR (Kemper Corporation)
Monday, October 30 2017 - 8:00pm
MCY (Mercury General Corporation)
Monday, October 30 2017 - 5:00pm
CINF (Cincinnati Financial Corp.)
Friday, October 27 2017 - 3:00pm
AON (Aon plc)
Friday, October 27 2017 - 12:30pm
CB (Chubb Limited)
Friday, October 27 2017 - 12:30pm
AJG (Arthur J Gallagher & Co.)
Thursday, October 26 2017 - 9:15pm
EHTH (eHealth, Inc.)
Thursday, October 26 2017 - 9:00pm
ORI (Old Republic International Corporation)
Thursday, October 26 2017 - 7:00pm
FNFV (Fidelity National Financial Inc)
Thursday, October 26 2017 - 4:30pm
FNF (Fidelity National Financial, Inc.)
Thursday, October 26 2017 - 3:30pm

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