News Topic: Earnings

The New York bank said it wrote down each taxi medallion loan to a value of $160,000. At their peak, New York City medallions were worth well over $1 million. ... Read full article

However, mortgage growth and servicing income weren't the only reasons profits rose by double digits at the Dallas bank. ... Read full article

A sharp decline in capital markets fees at the Minneapolis company shows tepid loan growth is not the only side effect of tax reform at banks. How hard will it be to bounce back? ... Read full article

American Express Co., long known to issue cards that had to be paid off in full every month, now wants its customers to take their time paying it back. ... Read full article

Results were also aided by strong growth in residential construction, commercial and equipment financing. ... Read full article

Quarterly earnings at the Minneapolis company were boosted instead by a wider net interest margin and a lower tax rate. ... Read full article

The Senate is expected to pass a bill that would ax controversial guidance on loans at car dealerships; lower tax rate may have skewed year-on-year comparisons. ... Read full article

An increase in total loans and a lower tax rate helped the Mississippi company offset revenue it lost after selling a consumer finance business. ... Read full article

The company benefited from increases in residential and construction lending. ... Read full article

Though total loans and deposits were down from the end of 2017, management expressed optimism that things will pick up over the rest of this year. ... Read full article

The Rosemont, Ill., bank rode loan growth, interest rate trends and noninterest-income gains to a double-digit increase in profits in the first quarter. ... Read full article

The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets. ... Read full article

The Chicago custody bank also benefited from a recent acquisition of a UBS business in Europe and the lower federal income tax rate. ... Read full article

The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit. ... Read full article

Profits soared at the Dallas bank as recent interest rate hikes and ongoing expense cuts outweighed weakness in the company’s loan book and in its fee income. ... Read full article

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's ... Read full article

Bank of America Corp. hit a milestone in its years-long effort to get costs under control. ... Read full article

A $135 million increase in litigation expenses related to its 2011 acquisition of Wilmington Trust overshadowed a wider net interest margin and improved credit quality for the Buffalo, N.Y., company in the first quarter. ... Read full article