News Topic: Earnings

The Buffalo, N.Y., bank also said commercial and consumer lending ticked up, while residential real estate fell during the second quarter. ... Read full article

The bank’s once-vaunted bond trading unit reports its second bad quarterly performance in a row; Cordray tells OCC it’s too late to stop rule prohibiting mandatory arbitration. ... Read full article

The Mississippi company reported higher quarterly earnings despite ongoing energy challenges. Hancock also benefited from its April purchase of the failed First NBC Bank. ... Read full article

The Pennsylvania bank's mortgage performance contributed to stronger loan growth, fee income and profits. ... Read full article

Loan and fee income rose at the Los Angeles bank, which also jettisoned nearly $160 million of health care cash-flow loans. ... Read full article

The Dallas company is in the middle of a dramatic turnaround after scaling back on energy loans and slashing expenses. Still, followers of the company seek assurances that the discipline will endure. ... Read full article

The Georgia company made more loans and controlled costs. As a result, it had a 1% return on assets and an efficiency ratio below 60%. ... Read full article

A yearlong effort to slash costs boosted profits at the Dallas company. ... Read full article

Former Visa CEO replaces Gerald Hassell; Acting Comptroller Noreika asks Cordray to delay rule that makes it easier for consumers to sue banks. ... Read full article

Bank of America Corp.’s expected bonanza from rising interest rates has stalled. ... Read full article

Investors blame Washington gridlock, lowered expectations for price drop; Wells Fargo looks to narrow its focus as it jettisons some units. ... Read full article

The bank's Costco card portfolio boosted profits (again), as did internal growth from store-branded cards from Home Depot and Best Buy. Citi’s card business is avoiding — for now — the pain in the retail sector. ... Read full article

On the first big day of 2Q results, bankers said their investments in middle-market lending have started paying off. JPMorgan Chase and PNC have added commercial loan officers in new markets across the country. ... Read full article

Expenses also rose, as well as the provision for loan losses, but credit quality remained spotless at the lender to the wealthy. ... Read full article

JPMorgan Chase Chief Executive Officer Jamie Dimon, fresh from a work trip overseas, unloaded on everything that's holding U.S. businesses back. ... Read full article

Wells Fargo's new car loans dropped by almost half in the second quarter, while its automotive portfolio fell to the lowest level in two years after the San Francisco-based company tightened underwriting standards. ... Read full article

Citigroup Inc.’s bond traders and investment bankers are closing in on their rivals at JPMorgan Chase & Co. ... Read full article

JPMorgan Chase, Citigroup and Wells Fargo release earnings Friday; Cordray says acting comptroller’s claim that new consumer agency’s rule endangers banks has “no basis.” ... Read full article