Earnings

Bankers set to deliver weak guidance; Tech funds looks to payment firms

09/09/19

The six biggest banks are expected to issue disappointing forecasts as rates continue to decline; technology stock mutual funds scored with payment plays.

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Bank industry earnings set yet another record in 2Q: FDIC

09/05/19

Higher net interest income and securities gains boosted quarterly profit to $62.6 billion, which was 4% higher from a year earlier. But potential trouble signs from lower interest rates may emerge.

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Payday loans for employees; Deutsche Bank CEO pledges big stock buy

09/03/19

A growing number of companies, led by Walmart, are offering payroll advance loans to their workers; Christian Sewing said he will invest 15% of his net earnings in the German bank’s struggling shares.

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UBS shuffles top management; Treasury issues Libor tax guidance

08/30/19

The bank elevated three senior executives who could be possible successors to CEO Sergio Ermotti; the move to a new rate benchmark won’t trigger a “tax event.”

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TD's margins squeezed as earnings miss analysts' estimates

08/29/19

Toronto-Dominion — the Canadian bank known for fat net interest margins, the difference between what a bank charges for loans and pays for deposits — saw them narrow on both sides of the border in the fiscal third quarter.

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Scotiabank's Latin America push outpaces BMO's U.S. efforts

08/27/19

Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its U.S. personal-and-commercial banking division.

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Lower securities yields could squeeze banks' 3Q profit, report says

08/16/19

M&T Bank, Zions and Comerica are among the regional banks facing the most pressure on net interest margins, Wells Fargo analysts said in a research note to investors.

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Capital One hacker’s other targets; yield curve inversion slaps banks

08/15/19

The former Amazon employee got info from 30 other entities, prosecutors say; another bad day for bank stocks, with 3% losses typical.

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Hanmi delays quarterly filing over review of nonaccrual loan

08/13/19

The Los Angeles company said it is also looking into internal controls tied to construction lending.

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LendingClub eyes 3Q profit, looks to reopen credit spigot

08/06/19

The San Francisco company forecast a modest profit in the third quarter because its cost-cutting plans are ahead of schedule. It's also starting a program to sell riskier loans to sophisticated investors.

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