Earnings

'I know it’s disappointing,' BNY Mellon chief says of 1Q

04/17/19

Bank of New York Mellon's clients shifted more of their deposits to higher-rate products. It was one of several trends that hurt the custody bank's bottom line.

[more]

Commercial, mortgage, card lending rise at U.S. Bancorp

04/17/19

The Minneapolis bank reported mid- to high-single-digit improvement in those categories, but total loan growth was curbed by declines in CRE and other credit types.

[more]

Bank earnings underwhelm; ING eyes Commerzbank

04/17/19

Retail stars in bank earnings season as investment banking and capital markets sag; Dutch bank may be waiting in the wings if Deutsche can't close the deal.

[more]

First Horizon, Pinnacle boost hiring in wake of BB&T-SunTrust deal

04/16/19

Executives at the Tennessee banks are using the biggest bank merger in a decade to aggressively recruit lenders and clients in Southeastern markets.

[more]

The big ‘if’ confronting BofA’s Moynihan and other CEOs

04/16/19

Bank of America's Brian Moynihan had a lot to brag about in discussing 1Q results but faced questions about what he would do if economic growth slows and rates hold steady for a prolonged period. Other bank chief executives have gotten, or will get, similar questions this earnings season.

[more]

Why PacWest's profit fell in 1Q

04/16/19

The Los Angeles bank reported a 5% decline in net income despite strong loan growth as deposit costs rose and fee income fell.

[more]

Comerica offers Plan B after deposit decline

04/16/19

The Dallas regional assured analysts that it has ample sources of liquidity to fund its expected loan growth.

[more]

Weak revenue growth underlies bank profits; another Libor alternative

04/16/19

Citi, Goldman, BofA earnings rose despite flat revenues; benchmark would be based on rates set on the American Financial Exchange.

[more]

Bank of America leaned on retail lending for 5.7% profit growth in 1Q

04/16/19

Net interest income at the bank's consumer unit rose nearly 10%. But first quarter could be the last hurrah for that catalyst at BofA and other banks as the Fed pauses its rate-tightening cycle.

[more]

M&T’s challenge: Funding loan growth

04/15/19

The bank’s CFO says it has enough liquidity to meet loan demand in the short term, but how long can it keep its loan-to-deposit ratio below 100%?

[more]