News Topic: Earnings

The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees. ... Read full article

Perhaps the biggest test that Charles Scharf will face when he starts next week will be how to control expenses while still trying to make the necessary investments in risk management to satisfy regulators. ... Read full article

During the firm's earnings conference call, Chairman and CEO David Solomon attempted to reassure investors about the costs of Marcus, declining to say when the investment bank might break even on the initiative. ... Read full article

Its quarterly results show lower rates and emerging credit risks can be overcome. Whether most banks have all the same levers to pull is another matter. ... Read full article

Better-than expected trading results also helped to boost net income. ... Read full article

A healthy increase in consumer banking revenue also helped drive an 8% jump in profits at the nation's largest banking company. ... Read full article

Investors got a reminder that the bank isn’t past its problems even as it seeks a fresh start under a new leader. ... Read full article

Consumer banking is expected to offset the banks’ underperforming Wall Street units; the defections of Visa, Mastercard and Stripe threaten the cyrpto project’s viability before it starts. ... Read full article

Community banks will likely face questions about mortgage lending, deposit gathering and M&A during earnings calls. ... Read full article

Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question. ... Read full article

Bankers are expected to field numerous questions on third-quarter earnings calls about the threat of shrinking loan yields, stubbornly high deposit prices and what they're going to do about them. ... Read full article

Wells Fargo still having trouble finding permanent CEO; Some lenders are using the deals to keep their best customers. ... Read full article

The Boston company said the loan participation went into default due to potentially fraudulent activity. ... Read full article

The loan participation has been flagged for potentially fraudulent activity. ... Read full article

The bank is adding senior tech executives from Amazon and Verizon as partners; bank allegedly inflated prices and overcharged investors for mortgage bonds. ... Read full article

Expectations of more rate-cutting and slower GDP growth led the Minneapolis company to scale back its net income and revenue projections through 2022. ... Read full article

Lenders considering other factors for those with bad or no credit history; the bank plans to sell its French retail unit. ... Read full article

For the third time in five months, the San Francisco bank made a downward revision Monday to its guidance on net interest income. An executive cited the impact of lower interest rates. ... Read full article