News Topic: Earnings
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PNC's Demchak does not share rivals' optimism about loan demand
‘No dilly-dallying’: Citi’s Jane Fraser gets to work on overhaul
U.S. Bancorp bets on corporate payments rebound
Bank of America optimistic it can put deposits to work in 2021
Truist accelerates branch cuts, closes in on expense targets
Citigroup scales back overseas, beats 1Q profit estimates
Wall Street units drive BofA's 1Q profits
Wells Fargo bullish on commercial lending. JPMorgan, not so much.
First Republic reports earnings spike from stimulus programs
The silver lining in JPMorgan Chase’s consumer banking numbers
Wells Fargo beats profit estimates but struggles on expenses
JPMorgan Chase's 1Q profits surge despite weak loan demand
Assets at Dow Chemical Employees' Credit Union pass $2 billion
MSUFCU hits $6B of assets with more growth planned
Edinburg Teachers Credit Union placed into conservatorship
The Texas-based institution is the third credit union to be taken over by regulators this year. ]] ... Read full article
Achieva Credit Union surpasses $2 billion-asset mark
The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program. ]] ... Read full article
Earnings surge at Texas Trust Credit Union
The Arlington-based institution made gains across several metrics in 2020, including loan growth of 22%, driven in part by the mortgage refi boom. ]] ... Read full article
Will PPP runoff expose revenue weakness at banks?
Fees from forgiven Paycheck Protection Program loans are providing a short-term lift, but balance sheets are shrinking and it isn't clear what will drive future growth. ]] ... Read full article
8 takeaways from NCUA's 4Q state-level data
A new report from the regulator shows slower growth in membership and lending, as well as a decline in the number of credit unions reporting profits. ]] ... Read full article