Earnings

The similar challenges facing these different niche lenders

07/19/19

County Bancorp is a small dairy lender in Wisconsin with an exposure to milk prices, and Bank OZK is a larger bank in Arkansas coping with out-of-market real estate trends. Their stories show how market sensitivities can vex specialists.

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Regions leery of expected Fed rate cut

07/19/19

The Birmingham, Ala., company warned in its earnings call that moves by the central bank could make it harder to lower costs.

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Credit performance stabilizes at Synchrony

07/19/19

After rising between 2016 and 2018, the card issuer's charge-off rates are now steady. The trend reflects both the impact of tighter underwriting standards and the continued resilience of U.S. consumers.

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Sluggish loan growth hurts profits at Capital One

07/18/19

The McLean, Va.-based credit card issuer reported expense growth that rose faster than net interest income during the second quarter.

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M&T defends 12% increase in costs

07/18/19

While executives at the Buffalo, N.Y., bank said they would take a closer look at spending, especially given the potential for interest rate cuts, they described investments in tech talent as an essential cost of doing business.

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Ally ends credit card experiment, pivots to point-of-sale loans

07/18/19

The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.

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Truist won't be too big to fail: BB&T's Kelly King

07/18/19

Ahead of a House hearing to examine his company's proposed merger with SunTrust, King tried to downplay regulatory concerns.

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Facebook defiant at House hearing; BNY Mellon beats despite lower profits

07/18/19

The company will work on Libra, but won’t issue digital currency without proper authority; the bank’s profit dropped 8% on reduced revenue.

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Fee momentum timely for U.S. Bancorp

07/17/19

Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow.

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BofA's plan to sustain its consumer banking mojo

07/17/19

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.

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