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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.
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.
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.
Community Trust Bancorp (CTBI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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.
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.
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.
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.
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.
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.
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.
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.
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.
banking: Archive
PNC Financial (PNC) Q1 Earnings Beat Estimates, Costs Rise
by Zacks Equity Research
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
banking earnings finance
Housing Numbers Shrink as Q1 Earnings Heat Up: BAC, JNJ, UNH
by Mark Vickery
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
banking consumer-staples pharmaceuticals
BofA (BAC) Q1 Earnings Beat on Strength in IB and Trading
by Zacks Equity Research
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
banking earnings finance
Morgan Stanley (MS) Q1 Earnings Beat as IB Business Rebounds
by Zacks Equity Research
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
banking earnings finance
BNY Mellon (BK) Q1 Earnings Beat on Higher Fee Income & AUM
by Zacks Equity Research
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
banking earnings finance
Why Community Trust Bancorp (CTBI) Might Surprise This Earnings Season
by Zacks Equity Research
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
banking finance
Fee Income to Aid KeyCorp (KEY) Q1 Earnings, Lower NII to Hurt
by Zacks Equity Research
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
banking earnings finance
5 Key Regional Bank Earnings Charts to Watch
by Tracey Ryniec
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
banking earnings
M&T Bank (MTB) Q1 Earnings Miss Estimates, Expenses Rise Y/Y
by Zacks Equity Research
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
banking earnings finance
Goldman (GS) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
by Zacks Equity Research
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
banking earnings finance
Why BNY Mellon (BK) Might Surprise This Earnings Season
by Zacks Equity Research
BNY Mellon (BK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
BKNegative Net Change
banking finance
Is a Surprise Coming for Bank of America (BAC) This Earnings Season?
by Zacks Equity Research
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
banking finance
Retail Sales, Goldman Sachs Outperform Expectations
by Mark Vickery
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
banking earnings finance oil-energy
Lower NII to Hurt BNY Mellon (BK) Q1 Earnings, Fee Income to Aid
by Zacks Equity Research
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
banking earnings finance
Wells Fargo (WFC) Q1 Earnings Surpass Estimates, Costs Rise
by Zacks Equity Research
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
banking earnings finance
Citigroup (C) Q1 Earnings Beat Estimates, Revenues Decline Y/Y
by Zacks Equity Research
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
banking earnings
Import/Exports Send Pre-Markets Lower; Big Banks Beat
by Mark Vickery
Import Prices came in hotter than expected, while Exports came down considerably.
WFCNegative Net Change JPMPositive Net Change CNegative Net Change
banking earnings inflation interest-rate
State Street (STT) Gains on Q1 Earnings Beat, Y/Y Revenue Rise
by Zacks Equity Research
State Street (STT) records increased revenues and expenses in the first quarter of 2024.
BACPositive Net Change BKNegative Net Change STTPositive Net Change
banking earnings finance
JPMorgan's (JPM) Q1 Earnings Top on High Rates, Loans & IB
by Zacks Equity Research
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
banking earnings finance
What's in the Offing for M&T Bank (MTB) in Q1 Earnings?
by Zacks Equity Research
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
banking finance
Implied Volatility Surging for Metropolitan Bank (MCB) Stock Options
by Zacks Equity Research
Investors need to pay close attention to Metropolitan Bank (MCB) stock based on the movements in the options market lately.
MCBPositive Net Change
banking finance
Brian's Big Idea on Earnings
by Brian Bolan
A look at three financial stocks set to report on Friday and Surprise Trader.
WFCNegative Net Change JPMPositive Net Change CNegative Net Change
banking earnings
High Rates, Loans, IB to Support BofA's (BAC) Q1 Earnings
by Zacks Equity Research
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
banking earnings finance
Fee Income to Aid State Street (STT) Q1 Earnings, NIR to Hurt
by Zacks Equity Research
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
banking earnings finance
Rates to Aid JPMorgan (JPM) Q1 Earnings, Weak Trading to Hurt
by Zacks Equity Research
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
banking earnings finance