Earnings

BofA's plan to sustain its consumer banking mojo

07/17/19

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.

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Agricultural issues, borrower fraud to cut into Great Western's profit

07/17/19

The South Dakota company warned that it will charge off millions of dollars in loans to dairy and cattle farmers.

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PNC aggressively adding branches to become coast-to-coast bank

07/17/19

CEO William Demchak, encouraged by early returns from new branches in Dallas and Kansas City, Mo., plans to enter even more markets.

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Comerica signals tougher market for liquidating energy assets

07/17/19

The Texas bank said it was setting aside higher provisions for credit losses as private investments are drying up in a volatile oil and gas market.

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Business loans, mortgages, fees were 2Q bright spots for U.S. Bancorp

07/17/19

The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.

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Consumer banking results strong for Bank of America in 2Q

07/17/19

Gains in the retail division helped drive overall profit to a record for a fifth consecutive quarter as mortgage activity surged and provisions for bad loans posted a surprise drop from the first quarter.

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Consumer banking buoys earnings; Facebook faces a hostile Senate

07/17/19

Low rates spur more retail lending at big U.S. banks as trading revenue drops; the company’s plan to create its own digital currency runs into more opposition.

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PacWest’s funding challenge

07/16/19

Total and core deposits fell in the second quarter from three months earlier at the Los Angeles bank as consumers sought higher yields, but CEO Matt Wagner said assuring proper funding for loan growth is a priority.

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Despite cuts, Wells Fargo is still spending too much

07/16/19

The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.

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First Horizon may ask Alexa to help take on BB&T, SunTrust

07/16/19

The Memphis, Tenn., regional will explore the use of voice assistants as part of its digital banking push.

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