Earnings

Citi’s $22 billion tax hit; CFPB to revisit payday lending rule

01/17/18

Write-down clears the decks for better times ahead; the agency’s acting head is looking to revamp strict rule that went into effect on Tuesday.

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One-time charges overshadow higher 4Q revenue at Pinnacle in Tenn.

01/16/18

The company, which bought BNC Bancorp to enter North Carolina last year, recorded $19.1 million in merger-related expenses and an $8.3 million pretax loss tied to investment securities.

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Behind Citi's plans to have it both ways on capital

01/16/18

Tax reform and other regulatory factors could allow Citigroup — and other banks — to maintain high capital levels and strong rewards for shareholders.

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FIG Partners hires veteran bank analyst Kevin Fitzsimmons

01/16/18

Fitzsimmons, who had recently covered banks for Hovde Group, will become FIG Partners' deputy director of research.

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The trade-offs of growth at First Republic

01/16/18

Wealth management assets, deposits and fee income swelled at the San Francisco bank, but interest and noninterest costs rose along with them.

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Tax reform, improved credit quality spark profit at Bank of the Ozarks

01/16/18

The Arkansas company's net income topped $100 million for the first time, though it largely reflected the revaluation of its deferred tax liability.

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Citigroup plays up investor payouts once tax cuts spur profits

01/16/18

The bank plans to stick to its multiyear plan to pay out at least $60 billion in capital to shareholders even after booking a larger-than-forecast charge of $22 billion to adjust to the new tax regime

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JPM, Wells on divergent paths; Citi talks gender pay

01/16/18

The two banks' tax reform expectations differ as they move in opposite directions; bank bows to pressure to report pay discrepancies.

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Comerica rides rate hikes to 15% revenue growth in 4Q

01/16/18

Apart from a one-time adjustment for deferred taxes, the Dallas company strong gains in net interest income and meaningful improvement in all of its key performance ratios.

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Tax cuts will lead to mortgage boom, right? Wrong, says Dimon

01/12/18

The JPMorgan Chase CEO is rejecting arguments that banks are poised to loosen underwriting standards to win more mortgage business. He said what's needed to encourage banks to make more loans to borrowers with spotty credit files are changes to FHA rules and other policy fixes.

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