News Topic: Earnings

The acquisition of VAR Technology Finance bolsters the bank's efforts to expand into new areas of lending. ... Read full article

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes. ... Read full article

Demand for commercial loans surged in the fourth quarter and executives at the Buffalo company see the momentum continuing in the new year. ... Read full article

American Express Co. is pulling out the big bucks to keep its stronghold on premium credit-card users. ... Read full article

The North Carolina regional closed dozens of branches and cut jobs across the company, directing a chunk of the savings to digital banking initiatives. ... Read full article

The New York company added eight new client teams in 2018 and established a new division that caters to private equity firms on both coasts. ... Read full article

Goldman Sachs CEO David Solomon sticks to rogue banker defense in scandal; bank misses earnings, revenue estimates. ... Read full article

The company recently agreed to be sold to SmartFinancial in Knoxville, Tenn. ... Read full article

Bank of America CEO Brian Moynihan and his fellow executives said they see nothing to suggest a slowdown is imminent. Their outlook was far more upbeat than that of JPMorgan chief Jamie Dimon. ... Read full article

PNC chief Bill Demchak says he's pretty sure the U.S. isn’t heading into recession, but asset quality is so strong that the regional bank is giving itself a wide berth in forecasting its loan-loss provision in case of the unexpected. ... Read full article

The nation’s fifth-largest bank now has the financial flexibility to consolidate more branches in existing markets and open new, smaller ones in cities where it has no retail presence, CEO Andy Cecere said. ... Read full article

The Dallas company beat earnings estimates even as it reported declines in deposits, total loans and fee income. ... Read full article

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology. ... Read full article

The deal, valued near $22 billion, will combine two of the financial services industry's largest tech and processing firms; both banks top expectations. ... Read full article

Goldman Sachs Group Inc., owner of one of Wall Street’s top deal-making franchises, leaned on that business last quarter to overcome an industrywide downturn in fixed-income trading. ... Read full article

Retail banking loans rose 5% at Bank of America, which also reported a 3% increase in consumer deposits and a 12% leap in net interest income in consumer banking. ... Read full article

Loans grew 6% at JPMorgan Chase, but the bank is "not going to be stupid" and assume that will last forever, its CEO says. Here are some precautionary steps it's taking. ... Read full article

The Georgia company will abstain from acquisitions this year as it looks to make internal improvements. ... Read full article