News Topic: Earnings

Some industry officials are offering rosy projections about the future of banking, but institutions that follow that logic may find themselves overextended in the next downturn. ... Read full article

The recent string of positive news for the banking industry, from lower corporate taxes to less regulation, is starting to feel like a distant memory. ... Read full article

A number of banks are upgrading technology and hiring more lenders to better reach small-business owners, who are becoming more confident in their outlooks. ... Read full article

The company, which was flagged for two products, has been working with its regulators to determine the right amount to set aside. ... Read full article

Warren Buffett and Jamie Dimon are doubling down on their plea for corporations to stop providing quarterly earnings guidance. ... Read full article

Add S&T Bancorp to the list of lenders that appear to have exposure to a Pennsylvania fuel supplier dealing with alleged employee fraud. ... Read full article

Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial disclosed a total of $75 million in exposure to the commercial relationship. ... Read full article

Proposal would simplify the rule prohibiting proprietary trading; Fiat Chrysler, which accounts for about a third of the unit’s business, may go solo. ... Read full article

The Canadian banks' second-quarter profits were also boosted by double-digit income growth at their U.S. operations. ... Read full article

The bill heads to President Trump for signing; U.S. banks earned an aggregate $56 billion in the quarter, including a boost from tax reform. ... Read full article

A new FDIC chair could be confirmed as early as this week, but the current head of the agency is reportedly Democrats' choice to serve as vice chairman. ... Read full article

Banks were helped by better loan spreads thanks to higher net interest margins, but the recently enacted tax cut helped boost profits by 27% from a year earlier. ... Read full article

The Nashville company significantly reduced the 2018 earnings projection for its mortgage business. ... Read full article

The prepaid card issuer is attracting customers who are more inclined to seek it out through the app store. ... Read full article

Ryan, McConnell say they have a deal on a bipartisan Dodd-Frank rollback; New York won more than $5 billion in settlements from big banks under the former AG. ... Read full article

Legal costs and legacy issues related to previous management continue to weigh on the online lender's results. ... Read full article

The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations. ... Read full article

Costs rose at the global bank, profit in North America fell 16%, and questions are mounting for new CEO John Flint ahead of the release of his strategic plan. ... Read full article