News Topic: Earnings

While the New York bank has a handle on deposit pricing, Joseph DePaolo said a new accounting standard will play tricks with how it addresses credit quality. ... Read full article

Moynihan says the bank’s consumer market share could be doubled; retail terminals would connect customer’s hand print with their card information. ... Read full article

While the Maryland company claimed it has margins and credit issues under control, it couldn't provide any clarity on rising legal expenses. ... Read full article

The Southeast banks expect to complete their merger by midyear, hit their savings targets and still be able to invest in growth, according to Bryan Jordan. ... Read full article

Truist emphasizes high-touch, high-tech focus with new logo; Wells Fargo loses another patent lawsuit to USAA; what the Visa-Plaid merger means for banks, fintechs; and more from this week's most-read stories. ... Read full article

Citizens Financial Group’s fourth-quarter results highlight the challenges regionals face in generating top-line growth. ... Read full article

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans. ... Read full article

The Arkansas bank is bracing for a rough 2020 amid record prepayments and a big substandard loan in its commercial real estate book, but CEO George Gleason insists shareholders will see "a nice payoff" in the long run. ... Read full article

The investment bank is raising its return on equity target following a record earnings year; Democrat lawmakers say JPMorgan's response on racial discrimination questions was inadequate. ... Read full article

Total loans at Regions Financial fell slightly last year, but executives say a shift in consumer lending priorities and more aggressive C&I lending will start to pay off this year. ... Read full article

Despite the weaker-than-expected results, interim CEO Thomas Gibbons pledged to continue spending heavily on tech upgrades aimed at cutting costs, improving efficiency and developing innovative products. ... Read full article

Morgan Stanley’s profits rose 46%; the deal pressures China to open its financial services sector to U.S. firms. ... Read full article

A tough fourth quarter seemed to foreshadow challenges in the year ahead for the nation’s fifth-largest bank. ... Read full article

CEO William Demchak said the bank has witnessed "a lot of mischief" among customers who open checking accounts to collect bonuses and then never use the accounts again. ... Read full article

Brian Moynihan said banks must be mindful of pricing and risk as they contend with lower yields on loans and securities. ... Read full article

Bank of America Corp.’s traders bounced back with their peers. ... Read full article

JPM, Citi shrug off low rates as strong economy propels profits; digital currencies start year with gains as optimism about its future grows. ... Read full article

Goldman Sachs Group Inc.’s comeback quarter for trading was marred by a $1.09 billion legal charge as the firm gets closer to a settlement of the 1MDB scandal. ... Read full article