BBVA Compass reports balanced quarterly growth, reduced energy book
The company continued to reduce its exposure to energy loans during the fourth quarter. ... Read full article
News Topic: Revenue and expenses
Search Results
How to boost revenue despite a reg order
Many banks are weighed down with orders tied to the Bank Secrecy Act and anti-money-laundering laws. Others are dealing with low Community Reinvestment Act ratings. Bank M&A and branching are typically off the table until such issues are addressed, but ... Read full article
Wells Fargo turns to cost cutting as scandal takes a financial toll
The San Francisco bank said Friday that it plans to close at least 400 branches over the next two years, part of an effort to reduce annual expenses by $2 billion. ... Read full article
JPMorgan’s profits soar on trading, but overall revenue up just 2%
JPMorgan Chase said profit rose 24% as bond-trading revenue climbed more than analysts estimated and expenses fell. ... Read full article
Wells Fargo profit falls 5.4% as mortgage banking revenue slumps
Fourth-quarter profit dropped 5.4% as revenue from its mortgage business declined, Wells Fargo said Friday. ... Read full article
Business lending boosts PNC’s 4Q profit
PNC’s fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans. ... Read full article
Fee income, loan growth drive profit at First Republic
The San Francisco private bank reported double-digit gains in originations and noninterest income that led to a nearly 30% increase in profits last quarter. ... Read full article