Earnings

SESLOC Federal Credit Union passes $1 billion-asset mark

10/13/20

The California-based institution joins a small group of CUs that represent only about 7% of institutions but hold about 70% of industry assets.

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Citi posts its biggest quarterly profit of pandemic

10/13/20

Citigroup posted its biggest quarterly profit of the pandemic after reaping another windfall from trading bonds and expressing newfound confidence in the resilience of its loan book.

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JPMorgan Chase posts surprise jump in profit on lower credit costs

10/13/20

The company defied expectations by cutting its reserve for loan losses by $569 million, after adding $20 billion to the allowance in the first half.

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Sterling in Michigan revises 2019 earnings to reflect mortgage woes

10/07/20

The company, which recently completed an audit, set aside funds to cover issues tied with a lending program it discontinued last year. The move cleared the way for Sterling to file an overdue annual report with the Securities and Exchange Commission.

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Membership growth, profitability anxieties top of mind for credit unions

10/02/20

Many sectors are concerned about making money in an economic downturn, but those fears are higher in the financial sector, according to a study from Arizent.

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Retired Vantage West CEO takes over at We Florida Financial

09/30/20

Robert D. Ramirez has accepted the top job at the South Florida credit union as it attempts to turn around following a steep decline in earnings and a jump in charge-offs.

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COVID taking a toll: 8 takeaways from NCUA’s Q2 state-level data

09/17/20

Second-quarter figures from the credit union regulator paint a grim picture for many states across a variety of key earnings metrics.

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Flagstar promotes Lee Smith to head its mortgage business

09/10/20

The post was vacant since Kristy Fercho left to run Wells Fargo Home Loans in July.

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Measuring the pandemic's impact: 5 takeaways from NCUA's Q2 data

09/08/20

A new report from the National Credit Union Administration shows how hard the industry was hit during the second quarter as businesses closed and consumer spending dropped.

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TD, CIBC beat expectations with surge in capital markets

08/27/20

Record profits from trading and other capital markets activities helped to offset steep revenue declines in personal and business banking.

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