News Topic: Earnings

A new accounting policy and improved profit margins fueled M&T Bank’s double-digit profit growth in the first quarter. ... Read full article

The San Francisco bank says it's making strides in regaining the trust of its customers, but winning over new ones — as evidenced by a 9% decline in retail banking profits — remains a struggle. ... Read full article

Earnings season kicked off with some banks capitalizing better than others on higher rates and still-low deposit costs. Banks will have to keep working on that balance as they contend with rising credit card losses, slower commercial lending and other ... Read full article

A 9% increase in net interest income more than offset rising expenses at the Kansas City, Mo., company. ... Read full article

Record loan originations and the continued accumulation of wealth management assets added up to 12% earnings growth at the San Francisco bank. ... Read full article

Net income climbed 13% as as the Fed's hike improved loan yields and the stock market’s surge boosted returns from PNC’s stake in BlackRock, the world’s largest asset manager. ... Read full article

Citigroup Inc. generated the most revenue from fixed-income trading in three years, defying some analysts’ concerns about a slowdown in interest rate and currency activity during the first quarter. ... Read full article

JPMorgan Chase posted earnings that beat analysts’ estimates, fueled by better-than-expected trading revenue and lending margins. ... Read full article

First-quarter revenue at the scandal-plagued bank missed analysts’ estimates as profit fell in the lender’s troubled retail bank and expenses climbed. ... Read full article

The financial press looks at possible ramifications from Jes Staley's attempt to unmask a whistleblower at the British bank; why has the digital currency failed to live up to eight years of hype? ... Read full article

The Little Rock, Ark., bank said first-quarter profits rose slightly and that it plans to dissolve its holding company to trim regulatory costs. ... Read full article

Business confidence remains high, but Fed data shows commercial borrowing actually decelerated during the first quarter. Fortunately for banks, rate hikes have fattened margins. ... Read full article

The California company will lease space on three floors of the building, while keeping a branch at the location. ... Read full article

Banks of all stripes are cheering what the Federal Reserve’s accelerated rate increases promise for net interest income, but big banks and small banks have conflicting notions about how they want to price deposits in the coming months. ... Read full article

Canada's largest lender reported double-digit profit growth in its latest quarter in part because of CEO David McKay's focus on expanding in private wealth and commercial banking in the U.S. ... Read full article

CIBC reported strong first-quarter numbers across the board in the kickoff of Canadian banks’ earnings season. ... Read full article

With U.S. Bancorp's leadership transition underway, the big question is whether it will deliver faster earnings growth — the one shareholder demand that has proven elusive. ... Read full article

How to keep score in the industry and identify the truly victorious banks has never been tougher. ... Read full article