Earnings

Visa says consumer spending has ‘sharply declined,’ even online

03/30/20

The company once again lowered its outlook for quarterly revenue growth, saying the coronavirus pandemic has led to a sharp decline in cardholders’ overseas spending.

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Businesses hitting credit lines; Coronavirus could put banks in the red

03/26/20

Corporations have tapped more than $124 billion in lines in the past three weeks; rating agency says virus “could wipe out a full year of U.S. banking profits.”

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How badly will outbreak hurt banks' bottom lines?

03/25/20

Bankers will be pressed on upcoming earnings calls to forecast how the coronavirus pandemic — and the government's response — will shape credit quality, margins and fee income.

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Wells Fargo lowers earnings guidance, warns on coronavirus impact

02/27/20

The San Francisco bank reduced its outlook for net interest income this year and cautioned that the outbreak's economic effects could take an even bigger bite out of profits.

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Trucking, energy loans posing problems for BMO Financial

02/25/20

A spike in loan-loss provisions dragged down first-quarter profits at the Toronto company’s U.S. unit.

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A profit letdown for banks in 2019

02/25/20

The FDIC’s Quarterly Banking Profile said lackluster net interest income, likely resulting from lower short-term interest rates, drove a decline in fourth-quarter and full-year earnings.

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Bad loan erases fourth-quarter profit at CrossFirst in Kansas

02/24/20

The company revised its results to a net loss of $700,000 after deciding to record a $16 million loan-loss provision for the commercial loan.

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HSBC scales back U.S. retail expansion amid another global restructuring

02/18/20

The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.

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HSBC restructuring plan gets cold greeting

02/18/20

The bank's announcement that it will slash about 35,000 staff and take $7.3 billion of charges prompted its stock to tumble and renewed questions about the bank's direction and lack of a permanent CEO.

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Boardroom war at Credit Suisse; HSBC still looking for CEO

02/06/20

The bank’s top shareholders want the chairman to quit if he won’t support the CEO; HSBC expected to go forward with job cuts while searching for permanent boss.

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