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Commercial Banks Regional Banks

  • A customer uses a automatic teller machine (ATM) outside a US Bancorp branch in San Francisco.

    Higher interest rates hurt earnings of regional banks in the second quarter, mirroring big banks.

  • July 21- Weak refinancing, thanks to higher interest rates, took a bite out off regional banks' earnings in the second quarter and loan growth remained sluggish, mirroring trends seen at larger banks. Mortgage banking income fell by double digits on a percentage basis at most regional banks that have reported results so far. But mortgage rates are starting to inch...

  • TOKYO, July 21- Japan's financial regulator has told the country's smaller banks they must find new ways to make profits if they are to survive, warning many face risks when interest rates eventually rise and that some are already in a precarious state. Some lenders are only managing to stay in the black through bond-trading gains, Financial Services Agency...

  • Cramer Remix: Amazon is king, whether you like it or not

    Jim Cramer explains why it is so difficult to compete with the e-commerce giant.

  • Jim Cramer on "Mad Money"

    Jim Cramer explains why it is so difficult to compete with the e-commerce giant.

  • KeyCorp CEO Beth Mooney says economic stimulus will have 'a coiled-spring effect' on banks' capital

    Jim Cramer spoke with KeyCorp Chairman and CEO Beth Mooney for more on the company's latest earnings report and its prospects.

  • Beth Mooney, Chairman and CEO of KeyCorp

    Jim Cramer spoke with KeyCorp Chairman and CEO Beth Mooney for more on the company's latest earnings report and its prospects.

  • Cleveland- based KeyCorp's net income attributable to common shareholders more than doubled to $398 million, or 37 cents per share, in the second quarter ended June 30. Excluding items, the bank earned 34 cents, beating the average analyst estimate of 33 cents, according to Thomson Reuters I/B/E/S. Total interest income jumped to $1.12 billion, while...

  • The Minneapolis- based bank relies heavily on plain-vanilla traditional banking and interest rate increases by the U.S. Bancorp's net interest income rose to $3.55 billion in the second quarter ended June 30, from $3.25 billion a year earlier. Earnings per share rose to 85 cents, beating the analysts' average estimate of 84 cents, according to Thomson Reuters...

  • The Minneapolis- based bank's net interest income rose 8.5 percent to $3.5 billion in the second quarter ended June 30. Earnings per share rose to 85 cents from 83 cents a year earlier. Banks in the United States received a much-needed boost from the Federal Reserve raising overnight interest rates.

  • *Q2 provisions for credit losses fall 65.3 pct to $17 mln. July 18- Regional bank holding company Comerica Inc reported a better-than expected quarterly profit, helped by higher net interest income and lower expenses. The Dallas- based bank, however, cut its loan growth forecast for the year.

  • Banks in the United States have got a much-needed boost from the Federal Reserve raising overnight interest rates. Comerica's net income attributable to common shareholders rose to $202 million, or $1.13 per share, in the second quarter ended June 30, from $103 million, or 58 cents per share, a year earlier. Excluding items, the Dallas- based bank earned $1.15 per...

  • The Dallas- based bank said on Tuesday net income attributable to common shareholders rose to $202 million in the second quarter ended June 30, from $103 million a year earlier. Earnings per share rose to $1.13 from 58 cents. Provisions for credit losses fell 65.3 percent to $17 million, while net interest income rose 12.4 percent to $500 million.

  • *UAE banks reluctant to take part for political reasons. DUBAI/ DOHA July 16- The refinancing of a $1 billion loan by Doha Festival City, a retail and hospitality complex in Qatar, has been indefinitely postponed as a diplomatic crisis deters regional banks from doing new Qatari business, bankers said. But Saudi Arabia, the UAE, Egypt and Bahrain cut diplomatic and...

  • Sandler O'Neil's Stephen Scouten: The larger banks are drastically less profitable

    Jason Goldberg, managing director and senior equity analyst at Barclays, and Stephen Scouten, managing director of equity research at Sandler O'Neill, discuss the financial sector and if regional banks are a better bet.

  • Wells Fargo beats but quality wasn't as good as expected: Vining Sparks's Marty Mosby

    Marty Mosby, Vining Sparks, breaks down Wells Fargo's quarterly numbers, and why the big bank stocks fell despite earnings beats while regional banks are set up to profit from margin growth.

  • July 14- Regional bank PNC Financial Services Group Inc reported a 12.1 percent rise in quarterly profit helped by higher interest income. Net income attributable to diluted common shares rose to $1.03 billion in the second quarter ended June 30, from $914 million a year earlier. Earnings per share rose to $2.10 from $1.82.

  • A HSBC bank logo is seen on a sign outside a branch of the bank in central London.

    HSBC Chief Executive Stuart Gulliver confirmed on Tuesday possible plans to move 1,000 jobs from Britain to Paris in case of a so-called 'hard' Brexit.

  • SHANGHAI, July 11- China's yuan eased on Tuesday dampened by corporate dollar demand and a weaker fixing, but losses were capped after major state-owned banks stepped in to prop up the Chinese currency. The People's Bank of China set the midpoint rate at 6.7983 per dollar prior to market opening, the weakest since June 28, softer than the previous fix 6.7964.

  • UBS Group CEO, Sergio Ermotti

    UBS Chief Executive Sergio Ermotti believes that the recent state bailout of Italian banks was unavoidable due to new rules on "bail-ins" from European authorities.