Earnings

Selective expansion: PNC's strategy for competing against megabanks

07/13/18

The Pittsburgh regional detailed plans to enter a number of new markets with its digital bank and carefully chosen branch openings.

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More big-bank earnings, hot seat for CFPB's Kraninger: Events to watch

07/13/18

The industry is slated for another busy week, with more bank results on the horizon, plus a nomination hearing for Trump’s pick to head the CFPB.

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First Republic's 2Q profits surge on record loan originations

07/13/18

Strong demand for business and multifamily loans, combined with double-digit growth in wealth management revenues, more than offset rising expenses.

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Trading results, card revenue, trade war raise questions at Citi

07/13/18

Citigroup's traders underperformed their peers at JPMorgan, and Citi's U.S.-branded card revenue fell. Its global business performed well, but the looming trade war presents uncertainty.

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PNC plans Boston, Phoenix middle-market expansion in 2019

07/13/18

PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments.

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Wells Fargo mortgage fees drop by a third as interest rates rise

07/13/18

Mortgage fees at the nation’s biggest home lender declined by a third in the three months ended June 30 to the lowest in more than five years.

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Walmart may shift to CapOne; banks unhappy with Brexit

07/13/18

The change in store card branding would be a big blow to Synchrony; “equivalence” with EU rules “falls far short” of U.S. banks’ hopes.

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JPMorgan’s strong loan growth signals life left in Trump bump

07/13/18

JPMorgan Chase & Co. said its book of core loans expanded 7% in the second quarter and trading revenue jumped 13%.

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CFPB challenger quits; NYSE tech chief joins digital exchange

07/09/18

Leandra English said she plans to leave the agency and drop a lawsuit that sought to install her as director of the consumer agency; the stock exchange’s CTO is joining the Winklevoss twins’ Gemini firm.

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Bad loan to take bite out of N.J. bank's 2Q earnings

07/06/18

Provident Financial said it increased its allowance against a commercial loan after discovering that the borrower overstated the value of its collateral.

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