Earnings

COVID taking a toll: 8 takeaways from NCUA’s Q2 state-level data

09/17/20

Second-quarter figures from the credit union regulator paint a grim picture for many states across a variety of key earnings metrics.

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Flagstar promotes Lee Smith to head its mortgage business

09/10/20

The post was vacant since Kristy Fercho left to run Wells Fargo Home Loans in July.

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Measuring the pandemic's impact: 5 takeaways from NCUA's Q2 data

09/08/20

A new report from the National Credit Union Administration shows how hard the industry was hit during the second quarter as businesses closed and consumer spending dropped.

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TD, CIBC beat expectations with surge in capital markets

08/27/20

Record profits from trading and other capital markets activities helped to offset steep revenue declines in personal and business banking.

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Pace of asset growth doubles at Wisconsin credit unions

08/26/20

New data from the state regulator showed that CUs in the Badger State grew assets by 28% during the first half of this year, up from 14% during the same period in 2019.

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FDIC's quarterly report shows extent of pandemic's hit to bank profits

08/25/20

The $18.8 billion in net income was 70% less than a year earlier as the uncertain economic picture and new accounting rules drove a sharp rise in provisions for future losses.

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Berkshire Hills CEO abruptly steps down

08/10/20

Richard Marotta left the Boston company less than two weeks after a goodwill impairment charge contributed to a large quarterly loss.

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Square revenue rises even as coronavirus hurts seller volume

08/05/20

Square's gross payment volume tumbled by 15% year-over-year due to COVID-19’s impact, but revenue jumped as online selling rose, Cash App doubled in users and Square enabled almost $900 million in PPP loans.

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Government stimulus spending boosts Green Dot’s earnings

08/05/20

The prepaid card company benefited during the second quarter from payments that were designed to offset the pandemic’s impact on U.S. consumers.

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Amid a crisis, PayPal has its best quarter since its IPO

07/29/20

The company's results put firm numbers on one of the most discussed business trends of the pandemic economy — the acceleration of digital payments.

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