News Topic: Earnings

The Pittsburgh company got the tax-related boost from an increase in the valuation of its deferred tax liabilities. It was partly offset by several charges. ... Read full article

Wells Fargo had another surprise for investors in the form of its biggest legal charge yet, showing the lender is not yet past its consumer banking scandals. ... Read full article

JPMorgan Chase & Co.’s equities business took a big hit from Steinhoff International Holdings NV last quarter. ... Read full article

The company expects to report a $15 million gain in the fourth quarter from the stock sales, which will more than offset any deferred-tax impairment tied to recently passed tax reform. ... Read full article

Outstandings top 2008 high mark, prompting some concerns; big banks are expected to take $31 billion in writeoffs from fourth quarter earnings due to tax reform. ... Read full article

Lower taxes mean more earnings, higher capital levels and perhaps a psychological boost for buyers. ... Read full article

Banks have been in full cost-cutting mode in recent years, but with profits expected to increase substantially as a result of tax reform, all analysts and investors want to know is how they plan to spend their tax savings. ... Read full article

Billionaire’s bid to buy MoneyGram is his latest setback trying to crack the U.S. market; banks want to stick with FICO while nonbanks want to use VantageScore. ... Read full article

The energy crisis, hurricane damage and merger costs have hampered earnings per share at the Louisiana bank, and its CEO has to clear those hurdles and convince investors steady growth is ahead. ... Read full article

The McLean, Va., company and several other banks have disclosed the charges they expect to record in the fourth quarter due to lower values on their deferred tax assets. ... Read full article

The reduction is “primarily” from a lower value of net deferred tax assets, the bank said in a securities filing Friday, the same day President Trump signed the legislation. ... Read full article

The company will set aside more than $10 million, with most of the provision addressing an issue with a commercial loan. ... Read full article

Bank of Canada governor says digital currencies could cause “significant disturbance”; JPM testing quantum computing's abilities. ... Read full article

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations. ... Read full article

The company also said it is likely that tax reform legislation being considered by Congress would substantially reduce the valuation of its deferred-tax asset. ... Read full article

Executives at small banks are wary about 2018 as concerns about lackluster loan demand, low yields and rising deposit prices abound. ... Read full article

Canadian Imperial Bank of Commerce said it expects earnings contributions from its U.S. businesses to almost double to 17 percent in the next three years as the lender integrates its acquisition of Chicago-based PrivateBancorp. ... Read full article

It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month. ... Read full article