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banking: Archive

Mark Vickery

Economic Progress in U.S., Europe: ECB, Jobless Claims & More

ECB President Christine Lagarde said underlying pressure in the European economy has eased.

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Zacks Equity Research

Royal Bank of Canada (RY) Stock Gains 5.3% as Q2 Earnings Rise

The acquisition of HSBC Bank Canada, higher revenues and an increase in loans support Royal Bank of Canada's (RY) fiscal Q2 earnings, while a rise in expenses and provisions plays spoilsport.

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Zacks Equity Research

Bank of Montreal (BMO) Tanks 9.5% as Q2 Earnings Decline

A drastic increase in provisions and fall in NII hurt Bank of Montreal's (BMO) fiscal Q2 earnings. Higher non-interest income, solid loan balance and a marginal decline in expenses offer support.

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Zacks Equity Research

Bank of Nova Scotia (BNS) Q2 Earnings Fall on Higher Provisions

Higher provisions and an increase in non-interest expenses hurt Bank of Nova Scotia's (BNS) fiscal Q2 earnings, while a rise in revenues and loan balance offer some support.

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Zacks Equity Research

Toronto-Dominion (TD) Q2 Earnings Rise as Fee Income Jumps

Rise in fee income and decent loan and deposit growth support Toronto-Dominion's (TD) fiscal Q2 earnings, while higher expenses and provisions act as headwinds.

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Mark Vickery

Dow Draws Back from Highs, Nasdaq Sits at New Record

JPMorgan Chase (JPM) was a drag on the blue chips today, -4.5%, on the assertion from CEO Jamie Dimon that his eminent retirement is "closer than ever."

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Zacks Equity Research

Do Options Traders Know Something About CVB Financial (CVBF) Stock We Don't?

Investors need to pay close attention to CVB Financial (CVBF) stock based on the movements in the options market lately.

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Zacks Equity Research

Mitsubishi UFJ (MUFG) Earnings Improve Y/Y in Fiscal 2023

Mitsubishi UFJ's (MUFG) fiscal 2023 results benefit from increased net fees and commissions, net trading profits, and higher loan and deposit balances. Yet, a drop in NII acts as a spoilsport.

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Zacks Equity Research

Do Options Traders Know Something About ConnectOne (CNOB) Stock We Don't?

Investors need to pay close attention to ConnectOne (CNOB) stock based on the movements in the options market lately.

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Zacks Equity Research

Itau Unibanco (ITUB) Q1 Earnings & Revenues Rise Y/Y, Costs Up

Itau Unibanco's (ITUB) first-quarter earnings reflect higher revenues and strength in balance sheet position. However, an increase in expenses is a near-term concern.

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Zacks Equity Research

UBS Group (UBS) Q1 Earnings & Revenues Jump Y/Y, Expenses Rise

UBS Group's (UBS) first-quarter results reflect growth in Asset Management, Personal & Corporate Banking and Investment Bank divisions. A strong capital position is another positive.

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Zacks Equity Research

Carlyle (CG) Q1 Earnings Beat Estimates, Stock Falls 8.6%

Carlyle's (CG) first-quarter results benefit from a rise in segment fee revenues, AUM balance and realized performance revenues. However, elevated costs are near-term concerns.

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Zacks Equity Research

LendingTree (TREE) Gains 29.2% as Q1 Earnings Beat Estimates

LendingTree's (TREE) Q1 results benefit from a rise in EBITDA and a decline in costs. However, lower revenues are near-term concerns.

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Zacks Equity Research

HSBC Q1 Pre-Tax Earnings Decline as Expenses Increase Y/Y

HSBC records a y/y increase in revenues in the first quarter of 2024.

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Zacks Equity Research

UMB Financial (UMBF) Q1 Earnings Top Estimates, Stock Falls 6.5%

UMB Financial's (UMBF) first-quarter 2024 earnings reflect higher loan and deposit balances, as well as lower provisions. However, lower NII and a rise in expenses are near-term concerns.

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Zacks Equity Research

ICICI Bank (IBN) Q4 Earnings Improve on Higher NII, Costs Rise

ICICI Bank's (IBN) fourth-quarter fiscal 2024 earnings reflect higher NII and non-interest income, along with lower provisions. However, elevated expenses act as a spoilsport.

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Zacks Equity Research

Lazard (LAZ) Dips 1% Despite Surpassing Q1 Earnings Estimates

Lazard's (LAZ) Q1 earnings results reflect a strong AUM balance, along with an increase in revenues. However, elevated expenses act as spoilsports.

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Zacks Equity Research

Deutsche Bank (DB) Q1 Earnings & Revenues Rise Y/Y, Stock Up

Deutsche Bank's (DB) first-quarter earnings benefit from higher revenues in the Investment Bank and Asset Management segments, along with lower costs. However, a rise in provisions remains a concern.

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Zacks Equity Research

Valley National (VLY) Q1 Earnings Miss on High Provisions

Valley National's (VLY) first-quarter earnings lag estimates due to higher expenses, a drastic rise in provisions and lower NII. However, an increase in non-interest income offers some support.

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Zacks Equity Research

Cullen/Frost (CFR) Stock Down 5.2% Despite Q1 Earnings Beat

Cullen/Frost's (CFR) first-quarter earnings beat estimates on the back of higher non-interest income and loan balances. However, lower NII, high expenses and high provisions turn out to be negatives.

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Zacks Equity Research

Capital One (COF) Q1 Earnings Miss, Provisions Decline Y/Y

Capital One (COF) records y/y increases in revenues and expenses in the first quarter of 2024.

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Zacks Equity Research

Associated Banc-Corp (ASB) Q1 Earnings Top as Fee Income Rises

An increase in non-interest income and higher loans and deposit balance support Associated Banc-Corp's (ASB) Q1 earnings amid lower NII and a rise in expenses and provisions.

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Zacks Equity Research

Prosperity Bancshares (PB) Q1 Earnings Beat, Stock Rises 3.8%

Prosperity Bancshares' (PB) first-quarter earnings beat estimates on the back of higher non-interest income and nil provisions. However, lower NII and high expenses turn out to be spoilsports.

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Zacks Equity Research

Evercore (EVR) Stock Dips 4.9% as Q1 Earnings Miss Estimates

Evercore's (EVR) first-quarter earnings reflect an improvement in revenues, as well as a decline in provisions. However, elevated expenses pose near-term concerns.

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Zacks Equity Research

SEI Investments (SEIC) Q1 Earnings Beat as Revenues & AUM Rise

SEI Investments (SEIC) records y/y increases in revenues and expenses in the first quarter of 2024.

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