Commercial Banks
Regional Banks
Net income attributable to diluted common shares rose to $1.28 billion in the second quarter ended June 30, from $1.03 billion, a year earlier. On a per share basis, the Pittsburgh- based regional bank earned $2.72, blowing past analysts' estimates of $2.58, according to Thomson Reuters I/B/E/S. Total revenue rose 6.5 percent to $4.32 billion from $4.06 billion a...
July 13- PNC Financial Services Group Inc on Friday posted a 25 percent rise in quarterly profit, as the U.S. regional bank earned more from higher interest rates and fee income rose. Net income attributable to diluted common shares rose to $1.28 billion, or $2.72 per share, in the second quarter ended June 30, from $1.03 billion, or $2.10 per share, a year earlier.
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NEW YORK, June 28- JPMorgan Chase& Co said on Thursday that it is now offering a digital bank account for smartphones nationally after testing and refining the app in St. Louis since October. Citizens Financial Group Inc, a regional bank based in Rhode Island, has said it will launch a national platform in the third quarter. She believes customers will stick with the...
BEIJING, June 27- China's listed mid-tier and regional banks will face added pressure to curb risky activities following the formal establishment of Communist Party Committees at the lenders, bankers and analysts say. China's 40 listed banks have announced changes to their articles of association to add the committees, with 26 making announcements after...
"The competition for deposits is going to be picking up," said Greg McBride, chief financial analyst at Bankrate.com. "To score a bonus of a few hundred bucks on a modest deposit is a pretty great return."
NEW YORK, June 21- U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual stress test late Thursday. "General headlines will be constructive with the vast majority of banks increasing their dividends and buying back more...
NEW YORK, June 21- U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual stress test late Thursday. "General headlines will be constructive with the vast majority of banks increasing their dividends and buying back more...
NEW YORK, June 21- U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual stress test late Thursday. "General headlines will be constructive with the vast majority of banks increasing their dividends and buying back more...
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The big bank stocks aren't having a great year, but there are plenty of opportunities beyond the largest names, says Dick Bove.
Is Wells Fargo about to surge? With CNBC contributor Mike Khouw.
NEW YORK, May 29- Citigroup Inc does not plan to use high deposit rates to attract customers to its new digital bank accounts when it begins marketing this fall, the chief of its global consumer bank said on Tuesday. Speaking at an investor conference, Stephen Bird said offering high rates tends to attract "hot money" depositors rather than loyal customers.
The bill cuts dozens of large regional lenders off the list of banks considered too big to fail and frees all but the biggest banks from required annual stress testing by regulators.
WASHINGTON, May 22- Small U.S. businesses experienced rising profitability, increased confidence, and easier access to financing in 2017 amid a continued economic recovery, the Federal Reserve's regional banks reported on Tuesday in an annual survey of small firms. Of roughly 8,000 companies responding to an online questionnaire, 72 percent expect revenue...
U.S. regional bank Fifth Third Bancorp on Monday said it would buy MB Financial in a stock-and-cash deal valued at about $4.7 billion.
May 18- After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably. earnings estimates by 3.1 percent, and Wall Street's 2018 earnings growth consensus for the sector climbed to 32.2 percent in early May from 28.4 percent on April 1,...
ST. LOUIS, May 16- There is "a lot of support" among U.S. policymakers to review the central bank's inflation target, a key benchmark in setting monetary policy, even though the process may well lead to little change in the Fed's current approach, St. Louis Federal Reserve Bank President James Bullard said on Wednesday. There has been increasing debate within the Fed...
Cadence Bancorp agreed to buy State Bank Financial in an all-stock deal valued at about $1.4 billion.
JPMorgan Chase on Monday announced it has appointed Mark Leung as its new China CEO.
Dick Bove, Hilton Management Capital, discusses his outlook on financials.
*Czech central banks holds fire, one member votes for rate hike. BUDAPEST/ PRAGUE, May 3- The crown and other Central European currencies firmed up slightly against the euro on Thursday after the Czech central bank projected one more interest rate rise this year. Higher rates will then help the crown firm to below 25/ euro, "said Radomir Jac, analyst at Generali...
