News Topic: Earnings

The acquisition would be Valley's third in the Sunshine State since 2014 and would give the New Jersey company its first branches in Alabama. ... Read full article

Citigroup hopes to return $60 billion to shareholders by 2020 while earning $20 billion a year; SEC says companies that raise money by selling their own electronic tokens for cryptocurrencies may be subject to federal oversight. ... Read full article

Strong gains in interest and fee income offset higher expenses and chargeoffs at the Kansas City, Mo., company. ... Read full article

The New York company, which is preparing to buy Astoria Financial, reported year-over-year increases in commercial-and-industrial and commercial real estate loans. ... Read full article

The Salt Lake City company also benefited from increases in investment securities and several large loan recoveries during the quarter. ... Read full article

Just as pre-crisis success was illusory, so too might be expectations that banks could ever regain that type of profit growth again. ... Read full article

A series of balance sheet moves and a focus on deposit gathering and business lending led to a $157 million profit in the second quarter. ... Read full article

Citi is holding its first investor day since the financial crisis, plugging credit cards and its Mexican business; Morgan Stanley's market cap tops Goldman's for the first time. ... Read full article

The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses. ... Read full article

TCF executives were peppered with questions about the quality of $345 million in auto loans recategorized as held for investment in the second quarter, as a result of the company’s recent move away from loan sales and securitizations. ... Read full article

A reserve release helped offset lower net interest income, reflecting the California company's efforts to exit businesses that hurt its bottom line last year. ... Read full article

Double-digit growth in loan volume offset a decline in fee income at the Honolulu company. ... Read full article

Net interest income rose 7% and margins widened 17 basis points at the Wayzata, Minn., company. ... Read full article

It’s a very large number for any bank, but Bank of America executives said the move makes good economic sense and promotes relationship-building with customers. ... Read full article

Auto risks mounting. Mortgage market tightening. Are there any good risks these days in consumer lending? Regional bank executives insist partnerships with online lenders, unsecured personal loans and other niche efforts can work if done properly. ... Read full article

Now that the Federal Reserve has raised short-term rates four times in the past 18 months, all eyes are on deposit costs as banks seek to keep pricing low and fatten margins. But that effort is complicated by the fact that banks must prepare for the ... Read full article

The Cincinnati company reaped the benefit of the latest round of interest rate hikes, as a higher net interest margin and lower costs helped overcome the drop in lending. ... Read full article

The Rhode Island bank plans to build out its fee income capabilities, expand C&I lending in the Southeast, renegotiate vendor contracts and take other steps to produce expense cuts and revenue enhancements of at least $90 million. ... Read full article