$WDR (Waddell & Reed Financial, Inc.)

$WDR {{ '2016-06-20T15:48:23+0000' | timeago}} • Announcement

Investment management company $WDR said its BoD approved a quarterly dividend on its Class A common stock of $0.46 per share payable on August 1, 2016 to stockholders of record as of July 11, 2016.

$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.

$PBCT {{ '2018-01-19T18:50:01+0000' | timeago}} • Webcast

During 4Q17, $PBCT reported an increase for the second consecutive quarter in both return on average assets and return of average tangible common equity that were 96Bps and 13.8% respectively.

$PBCT {{ '2018-01-19T18:45:06+0000' | timeago}} • Webcast

$PBCT's period end loans during 4Q17  increased 2%, driven by strong results from equipment financing units and solid production in middle market commercial and industrial lending. Period end deposits came in at 33.1Bil, up 6%. This increase was mainly due to higher non-interest bearing balances of 347MM.

$PBCT {{ '2018-01-19T18:39:43+0000' | timeago}} • Webcast

For FY18, $PBCT expects to grow loan portfolio to about 4-6% on both a period end and average balance basis. Deposits growth is expected to be about 3-5% on both a period end and average balance basis and net interest income is expected to increase to the range of 10-12%. The bank expects its net interest margin to be in the range of 3.05-3.15%.

$AXP {{ '2018-01-19T18:19:26+0000' | timeago}} • Webcast

$AXP said the highest revenue growth segment in 2017 was the US consumer segment. Despite the US consumer segment being very competitive, the company is generating good results and has good opportunities in this space. There are growth opportunities in small and medium-sized enterprises too. These are areas $AXP plans to invest in going forward.

$AXP {{ '2018-01-19T17:55:20+0000' | timeago}} • Webcast

$AXP expects the lending dynamic in 2018 to remain consistent with 2017. The company’s loan growth is expected to exceed the industry as it focuses on increasing its share of lending, particularly with existing customers. Net interest yield has started to stabilize but is expected to contribute to growth versus prior year.

$AXP {{ '2018-01-19T17:55:03+0000' | timeago}} • Webcast

$AXP's reported billings growth was 11% in 4Q17. This was partly due to the dollar weakening YoY versus the major currencies $AXP operates in overseas but also reflects strong underlying growth. The global commercial and global consumer segments represented 40% and 43% of billings respectively. Global network services made up the remaining 17%.

$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.

$AXP {{ '2018-01-19T14:05:45+0000' | timeago}} • Announcement

During 4Q17, $AXP posted total revenues net of interest expense of $3.4Bil in its US Consumer Services segment, up 13% from 4Q16. The International Consumer and Network Services segment revenues grew 12%. Global Commercial Services reported a 7% growth in revenues while Global Merchant Services reported a 9% revenue growth versus 4Q16.

$AXP {{ '2018-01-19T13:58:39+0000' | timeago}} • Announcement

$AXP expects EPS for full-year 2018 to be $6.90-7.30. The midpoint of this range will represent an approximate 20% increase from the 2017 EPS, excluding the impacts of the Tax Act in 2017.

$AXP {{ '2018-01-19T13:56:36+0000' | timeago}} • Announcement

$AXP's CEO Kenneth Chenault, who will retire this February, stated that the upfront charge triggered by the Tax Act reduced capital ratios and, as a result, while $AXP will be continuing its quarterly dividends at the current level, the company plans to suspend its share buyback program for 1H18 in order to rebuild its capital.

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

$AXP reported consolidated total revenues, net of interest expense, of $8.8Bil for 4Q17, up 10% from $8Bil in 4Q16. The increase primarily reflected higher Card Member spending, loans and fees, which more than offset the impact of a lower discount rate.

$AXP {{ '2018-01-19T13:40:43+0000' | timeago}} • Announcement

Financial services company $AXP reported its first quarterly net loss in more than two decades for  4Q17, hurt by a one-time charge of $2.6Bil related to the Tax Act. Net loss was $1.19Bil or $1.41 per share compared to a net income of $825MM or $0.88 per share in 4Q16. Excluding the impacts of the Tax Act, EPS for the quarter was $1.58.

$AXP {{ '2018-01-18T22:13:09+0000' | timeago}} • Infographic

$AXP American Express Company Earnings AlphaGraphic: Q4 2017 Highlights

$PBCT {{ '2018-01-18T21:58:01+0000' | timeago}} • Announcement

During 4Q17, $PBCT's BoD declared a $0.1725 per common share quarterly dividend payable February 15, 2018 to shareholders of record on February 1, 2018.

$PBCT {{ '2018-01-18T21:56:41+0000' | timeago}} • Announcement

$PBCT reported a rise in its 4Q17 earnings, helped by increased net income and a tax benefit related with the tax reform. Net income rose 40% to $106.2MM, or $0.30 per share from $75.9MM, or $0.24 per share during 4Q16. Net interest income grew to $292.3MM during the quarter from $246.8MM in the previous year.

$PBCT {{ '2018-01-18T21:47:48+0000' | timeago}} • Infographic

$PBCT People's United Financial, Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$BK {{ '2018-01-18T21:34:13+0000' | timeago}} • Webcast

As a result of tax reforms, Bank of New York Mellon expects to reinvest the cash in building capital base, organic investments, acquisitions, and via dividends & buybacks. $BK also plans to increase minimum wages for all employees to $15 per hour in the US. The company also plans to increase technology spending as 75% of the business is tech based.

$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.

Recent Transcripts

PBCT (People's United Financial Inc.)
Thursday, January 18 2018 - 10:00pm
AXP (American Express Company)
Thursday, January 18 2018 - 10:00pm
HOMB (Home Bancshares, Inc. (Conway, AR))
Thursday, January 18 2018 - 7:00pm
SBNY (Signature Bank)
Thursday, January 18 2018 - 3:00pm
HBHC (Hancock Holding Company)
Thursday, January 18 2018 - 3:00pm
MS (Morgan Stanley)
Thursday, January 18 2018 - 1:30pm
BK (The Bank of New York Mellon 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
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
PGR (Progressive Corp.)
Friday, November 3 2017 - 2:00pm
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Thursday, November 2 2017 - 9:00pm
APO (Apollo Global Management, LLC)
Wednesday, November 1 2017 - 2:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
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Monday, October 30 2017 - 9:00pm
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NMR (Nomura Holdings, Inc.)
Monday, October 30 2017 - 9:30am
BEN (Franklin Resources, Inc.)
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