News Topic: Earnings

A growing number of companies, led by Walmart, are offering payroll advance loans to their workers; Christian Sewing said he will invest 15% of his net earnings in the German bank’s struggling shares. ... Read full article

The bank elevated three senior executives who could be possible successors to CEO Sergio Ermotti; the move to a new rate benchmark won’t trigger a “tax event.” ... Read full article

Toronto-Dominion — the Canadian bank known for fat net interest margins, the difference between what a bank charges for loans and pays for deposits — saw them narrow on both sides of the border in the fiscal third quarter. ... Read full article

Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its ... Read full article

M&T Bank, Zions and Comerica are among the regional banks facing the most pressure on net interest margins, Wells Fargo analysts said in a research note to investors. ... Read full article

The former Amazon employee got info from 30 other entities, prosecutors say; another bad day for bank stocks, with 3% losses typical. ... Read full article

The Los Angeles company said it is also looking into internal controls tied to construction lending. ... Read full article

The San Francisco company forecast a modest profit in the third quarter because its cost-cutting plans are ahead of schedule. It's also starting a program to sell riskier loans to sophisticated investors. ... Read full article

Lenders could struggle to reprice deposits fast enough to offset downward pressure from adjustable-rate loans and refinancing. ... Read full article

The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors. ... Read full article

These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses. ... Read full article

The FBI is looking into whether Italy’s largest bank was also hacked; about 4.5 million people have already inquired about getting a cash settlement with the credit bureau. ... Read full article

Earnings at the U.S. unit of the Spanish banking giant Banco Bilbao Vizcaya Argentaria fell 13% from a year earlier. ... Read full article

Credit quality is being second-guessed after several banks reported higher 2Q charge-offs. ... Read full article

Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements. ... Read full article

Thanks to its newly launched bank, Ameriprise's 10,000 financial advisers will soon start offering direct services like deposits and mortgages. ... Read full article

Several small and midsize banks say they are losing borrowers to rivals and worry the trend could get worse as interest rates decline. ... Read full article

The Columbus, Ohio, company said Thursday that it expects the Federal Reserve to cut interest rates twice this year and two more times in 2020. ... Read full article