News Topic: Earnings

Toronto-Dominion Bank would end up with a smaller stake in a larger brokerage if Schwab and TD Ameritrade combined. But it could parlay that stake into funds for a U.S. bank acquisition. ... Read full article

Five years into Victor Dodig's time as chief executive officer of CIBC, the performance gap between Canada's fifth-largest bank and its peers is as wide as ever. ... Read full article

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter. ... Read full article

The issue, tied to how the company reconciles corporate accounts to its general ledger, is not expected to impact past financial statements. ... Read full article

Completing the deal before the new year would let the merged company avoid an earnings hit in complying with the Current Expected Credit Loss accounting standard and give it more flexibility on capital adjustments. ... Read full article

Earlier this decade, a boom in low-cost prepaid cards undercut the firm's business model. Now the fiercest competition is coming from venture capital-backed startups that offer accounts with no overdraft fees. ... Read full article

The Dallas company said it should be able to avoid restating past financial results. Hilltop also reported higher quarterly earnings boosted by a increase in mortgage activity. ... Read full article

The San Antonio company said it withstood rate pressures because it has been ahead of the game in deposit pricing over the last two years. ... Read full article

Issuance of securities backed by the ostensible Libor replacement hit by money market turmoil; Jho Low will surrender luxury assets. ... Read full article

Shares in the lender fell after it reported lower third-quarter profits, said nonperforming assets rose and cautioned that it had lost multifamily loan deals to competitors offering easier terms. ... Read full article

The credit they received in the third quarter is helping to soften the blow from falling net interest margins and weakening loan demand. ... Read full article

Treasury Secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year. ... Read full article

Bank of America plans to pay its employees special bonuses for a third straight year after reporting record earnings in four of the past five quarters. ... Read full article

Mastercard is aggressively building a business payments ecosystem as it keeps an eye on political headwinds it has little control over. ... Read full article

Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months. ... Read full article

The Delaware company recently learned of a disputed transaction that could take a bite out of future earnings. ... Read full article

The credit card issuer, which recorded an 11% decline in net income last quarter, took one-time charges in connection with a U.K. sales scandal, the start of a new partnership with Walmart and a recent data breach. ... Read full article

Banks have been pressured to improve diversity in leadership; Visa reports higher volume while PayPal says Venmo now contributing. ... Read full article