Earnings

Music to investors’ ears: Banks will use tax cut to boost dividends

01/12/18

Executives of large banks told investors and analysts what they wanted to hear Friday when they said they plan to increase returns to shareholders.

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Wells Fargo's earnings take yet another big hit from litigation

01/12/18

Wells Fargo had another surprise for investors in the form of its biggest legal charge yet, showing the lender is not yet past its consumer banking scandals.

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New tax law adds $1B to PNC's 4Q profit

01/12/18

The Pittsburgh company got the tax-related boost from an increase in the valuation of its deferred tax liabilities. It was partly offset by several charges.

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Earnings season begins; MoneyGram to test Ripple’s XRP

01/12/18

JPMorgan Chase, Wells Fargo are the first to report; payments company will run pilot to see if digital currency speeds transactions and lowers costs.

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JPMorgan $143M loan loss is said to be tied to Steinhoff

01/12/18

JPMorgan Chase & Co.’s equities business took a big hit from Steinhoff International Holdings NV last quarter.

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Seacoast to sell Visa stock to cushion tax hit

01/11/18

The company expects to report a $15 million gain in the fourth quarter from the stock sales, which will more than offset any deferred-tax impairment tied to recently passed tax reform.

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Card debt hits a new record; banks' 'noisy' 4Q

01/10/18

Outstandings top 2008 high mark, prompting some concerns; big banks are expected to take $31 billion in writeoffs from fourth quarter earnings due to tax reform.

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M&A could get shot in the arm from tax reform

01/09/18

Lower taxes mean more earnings, higher capital levels and perhaps a psychological boost for buyers.

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Forget 4Q results. Tax cuts will dominate earnings chatter

01/05/18

Banks have been in full cost-cutting mode in recent years, but with profits expected to increase substantially as a result of tax reform, all analysts and investors want to know is how they plan to spend their tax savings.

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Jack Ma fails again; mortgage lenders in credit score fight

01/04/18

Billionaire’s bid to buy MoneyGram is his latest setback trying to crack the U.S. market; banks want to stick with FICO while nonbanks want to use VantageScore.

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