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banking: Archive

Zacks Equity Research

PNC Financial (PNC) Q1 Earnings Beat Estimates, Costs Rise

PNC Financial's (PNC) Q1 earnings reflect an improvement in deposit balances, alongside lower provisions. However, challenges emerge with lower net interest income and higher expenses.

WFCNegative Net Change CNegative Net Change PNCNegative Net Change

Mark Vickery

Housing Numbers Shrink as Q1 Earnings Heat Up: BAC, JNJ, UNH

Both Housing Starts and Building Permits missed expectations, while BofA, J&J and UnitedHealth all beat on earnings.

BACPositive Net Change UNHPositive Net Change JNJPositive Net Change

Zacks Equity Research

BofA (BAC) Q1 Earnings Beat on Strength in IB and Trading

BofA (BAC) records a decline in revenues and higher expenses in the first quarter of 2024.

BACPositive Net Change WFCNegative Net Change CNegative Net Change

Zacks Equity Research

Morgan Stanley (MS) Q1 Earnings Beat as IB Business Rebounds

Solid IB performance on the back of robust underwriting business drives Morgan Stanley's (MS) Q1 earnings with support from equity trading business. Lower NII and a rise in expenses act as undermining factors.

GSNegative Net Change MSNegative Net Change CNegative Net Change

Zacks Equity Research

BNY Mellon (BK) Q1 Earnings Beat on Higher Fee Income & AUM

An increase in fee income and solid improvement in AUM and AUC/A balances support BNY Mellon's (BK) Q1 earnings, while lower NIR and a rise in expenses act as undermining factors.

WFCNegative Net Change BKNegative Net Change STTPositive Net Change

Zacks Equity Research

Why Community Trust Bancorp (CTBI) Might Surprise This Earnings Season

Community Trust Bancorp (CTBI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

CTBINo Net Change

Zacks Equity Research

Fee Income to Aid KeyCorp (KEY) Q1 Earnings, Lower NII to Hurt

A rise in fee income, manageable expense level and lower provisions are expected to have supported KeyCorp's (KEY) Q1 earnings amid modest loan demand and higher funding costs, which will hurt NII.

FITBNegative Net Change KEYNegative Net Change CFGNegative Net Change

Tracey Ryniec

5 Key Regional Bank Earnings Charts to Watch

There was a banking crisis just a year ago. The banks remain cheap.

PNCNegative Net Change CMANegative Net Change USBNegative Net Change WTFCNegative Net Change OZKNegative Net Change

Zacks Equity Research

M&T Bank (MTB) Q1 Earnings Miss Estimates, Expenses Rise Y/Y

A decline in revenues and higher expenses hurt M&T Bank's (MTB) Q1 earnings. However, a solid loan and deposit balance offer some support.

WFCNegative Net Change CNegative Net Change MTBNegative Net Change

Zacks Equity Research

Goldman (GS) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

Goldman's (GS) Q1 earnings reflect higher revenues in all segments. However, challenges emerge with higher expenses and provisions.

GSNegative Net Change WFCNegative Net Change CNegative Net Change

Zacks Equity Research

Why BNY Mellon (BK) Might Surprise This Earnings Season

BNY Mellon (BK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

BKNegative Net Change

Zacks Equity Research

Is a Surprise Coming for Bank of America (BAC) This Earnings Season?

Bank of America (BAC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

BACPositive Net Change

Mark Vickery

Retail Sales, Goldman Sachs Outperform Expectations

Today's Retail Sales headline more than doubled expectations: +0.7% from the +0.3% consensus estimate.

GSNegative Net Change JPMPositive Net Change CNegative Net Change CVXNegative Net Change XOMNegative Net Change

Zacks Equity Research

Lower NII to Hurt BNY Mellon (BK) Q1 Earnings, Fee Income to Aid

Despite high rates and decent loan growth, BNY Mellon's (BK) interest income is expected to have declined in the first quarter of 2024 due to higher deposit costs.

PNCNegative Net Change BKNegative Net Change TFCNegative Net Change

Zacks Equity Research

Wells Fargo (WFC) Q1 Earnings Surpass Estimates, Costs Rise

Wells Fargo (WFC) Q1 earnings reflect higher revenues and improved deposit balances, alongside lower provisions. However, challenges emerge with lower net interest income and growing expenses.

WFCNegative Net Change FITBNegative Net Change MTBNegative Net Change

Zacks Equity Research

Citigroup (C) Q1 Earnings Beat Estimates, Revenues Decline Y/Y

Increases in Services and Banking segments' revenues support Citigroup's (C) Q1 earnings. However, a rise in expenses and a deteriorating loan book are near-term headwinds.

CNegative Net Change FHNNegative Net Change OZKNegative Net Change

Mark Vickery

Import/Exports Send Pre-Markets Lower; Big Banks Beat

Import Prices came in hotter than expected, while Exports came down considerably.

WFCNegative Net Change JPMPositive Net Change CNegative Net Change

Zacks Equity Research

State Street (STT) Gains on Q1 Earnings Beat, Y/Y Revenue Rise

State Street (STT) records increased revenues and expenses in the first quarter of 2024.

BACPositive Net Change BKNegative Net Change STTPositive Net Change

Zacks Equity Research

JPMorgan's (JPM) Q1 Earnings Top on High Rates, Loans & IB

High rates, robust loan balance, the FRC deal, an increase in mortgage banking income and solid IB business aid JPMorgan's (JPM) Q1 earnings. High credit costs and weakness in the trading business are headwinds.

BACPositive Net Change JPMPositive Net Change PNCNegative Net Change

Zacks Equity Research

What's in the Offing for M&T Bank (MTB) in Q1 Earnings?

Despite a rise in loans, increasing funding costs are likely to have hurt M&T Bank's (MTB) Q1 NII growth. Also, softer mortgage income is expected to have affected its non-interest income.

FITBNegative Net Change MTBNegative Net Change TFCNegative Net Change

Zacks Equity Research

Implied Volatility Surging for Metropolitan Bank (MCB) Stock Options

Investors need to pay close attention to Metropolitan Bank (MCB) stock based on the movements in the options market lately.

MCBPositive Net Change

Brian Bolan

Brian's Big Idea on Earnings

A look at three financial stocks set to report on Friday and Surprise Trader.

WFCNegative Net Change JPMPositive Net Change CNegative Net Change

Zacks Equity Research

High Rates, Loans, IB to Support BofA's (BAC) Q1 Earnings

Higher rates, decent loan demand and modest improvement in IB business are likely to have aided BofA's (BAC) Q1 earnings amid high funding costs, weakness in trading business and high provisions.

BACPositive Net Change PNCNegative Net Change TFCNegative Net Change

Zacks Equity Research

Fee Income to Aid State Street (STT) Q1 Earnings, NIR to Hurt

Driven by improvement in the operating backdrop, State Street (STT) is expected to have recorded a rise in fee income, which will support its Q1 earnings amid weak weakness in NIR due to higher funding costs.

PNCNegative Net Change STTPositive Net Change TFCNegative Net Change

Zacks Equity Research

Rates to Aid JPMorgan (JPM) Q1 Earnings, Weak Trading to Hurt

Higher rates, decent loan demand and modest improvement in IB business are likely to have supported JPMorgan's (JPM) Q1 earnings amid high funding costs, subdued trading business and high provisions.

JPMPositive Net Change PNCNegative Net Change TFCNegative Net Change