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banking: Archive

Zacks Equity Research

Comerica (CMA) Q2 Earnings Beat on High Loan Demand, Stock Falls

A rise in loan balance, along with a strong capital position and nil provisions, supports Comerica's (CMA) Q2 earnings. Yet, lower NII and fee income are major headwinds.

CMANegative Net Change FHNPositive Net Change FNBPositive Net Change

Zacks Equity Research

Commerce Bancshares (CBSH) Up on Q2 Earnings Beat, Revenue Growth

Commerce Bancshares (CBSH) records a rise in expenses and lower provisions in the second quarter of 2024.

CBSHNegative Net Change WAFDPositive Net Change OZKPositive Net Change

Zacks Equity Research

Fifth Third (FITB) Q2 Earnings Beat Estimates, NII Falls Y/Y

Fifth Third's (FITB) Q2 earnings benefit from a year-over-year decline in expenses and provisions. However, declining loan and deposit balances, along with lower NII, act as spoilsports.

FITBPositive Net Change FHNPositive Net Change FNBPositive Net Change

Swayta Shah

BAC Stock Near 2-Year High Post Q2 Earnings: Too Late to Invest?

Bank of America (BAC) stock is trading near its 2-year high after releasing better-than-expected Q2 earnings. Here we assess whether it is too late to buy the shares or still have an opportunity to accumulate them.

BACNegative Net Change JPMNegative Net Change CPositive Net Change

Zacks Equity Research

Higher NII & Fee Income to Aid Capital One (COF) in Q2 Earnings

High rates, decent consumer loan demand and growth in fee income are expected to have supported Capital One's (COF) Q2 earnings.

COFNegative Net Change ZIONNegative Net Change EWBCPositive Net Change

Zacks Equity Research

Why Fifth Third (FITB) Might Surprise This Earnings Season

Fifth Third (FITB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

FITBPositive Net Change

Zacks Equity Research

Synovus (SNV) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

Synovus' (SNV) Q2 earnings benefit from a year-over-year decline in expenses and provisions. However, declining loan and deposit balances, along with lower NII, act as spoilsports.

SNVPositive Net Change BOKFPositive Net Change WBSNegative Net Change

Zacks Equity Research

KeyCorp (KEY) Q2 Earnings Top, Stock Dips on Weak Asset Quality

Higher fee income, a fall in provisions and a higher loan balance aid KeyCorp's (KEY) Q2 earnings, while deteriorating asset quality and a decline in NII act as major spoilsports.

PNCNegative Net Change USBPositive Net Change KEYPositive Net Change

Zacks Equity Research

Bank OZK (OZK) Q2 Earnings Top, Stock Falls as Provisions Rise

Higher rates, steady loan demand and an increase in NII support Bank OZK's (OZK) Q2 earnings amid weakening asset quality, rise in expenses and high funding costs.

WAFDPositive Net Change HWCPositive Net Change OZKPositive Net Change

John Blank

To Cut or Not to Cut - That Is the Question

Here is a list of U.S. macro fundamentals, ones that suggest the FOMC should -- and should not -- not be cutting their policy rates.

QQQNegative Net Change SPYNegative Net Change DIANegative Net Change

Zacks Equity Research

Northern Trust (NTRS) Q2 Earnings Beat on Increased Fee Income

Northern Trust's (NTRS) Q2 earnings reflect a significant rise in fee income, driven by the net impact of the Visa transaction. Yet, the rise in costs and provisions are headwinds.

NTRSNegative Net Change BOKFPositive Net Change WBSNegative Net Change

Zacks Equity Research

Citizens Financial (CFG) Q2 Earnings Miss on Lower Loan Demand

Citizens Financial's (CFG) Q2 earnings benefit from an increase in non-interest income and reduced expenses. However, challenges emerge with lower NII and a rise in provisions.

BOKFPositive Net Change WBSNegative Net Change CFGPositive Net Change

Zacks Equity Research

Fee Income to Aid Truist's (TFC) Q2 Earnings, Lower NII to Hurt

A rise in fee income, driven by solid IB and wealth management businesses, is likely to have supported Truist's (TFC) Q2 earnings amid weakness in NII and elevated provisions.

FITBPositive Net Change MTBNegative Net Change TFCNegative Net Change

Zacks Equity Research

WAFD's Q3 Earnings Beat Estimates, Revenues Rise on LBC Deal

The LBC acquisition drives revenues and loan balance, which, along with lower provisions, aid WAFD's fiscal Q3 earnings.

CBSHNegative Net Change WAFDPositive Net Change BKUPositive Net Change

Mark Vickery

Econ Reports, Q2 Earnings Take July Rate Cut Off the Table

Any investors still hoping for a July rate cut based on economic prints, we can uncross our fingers now.

AMZNNegative Net Change BACNegative Net Change MSNegative Net Change UNHPositive Net Change

Zacks Equity Research

PNC Financial (PNC) Q2 Earnings Beat on Higher Fee Income

The rise in non-interest income and higher loan balance support PNC Financial's (PNC) Q2 earnings, while lower net interest income and a rise in provisions act as headwinds.

WFCNegative Net Change PNCNegative Net Change BKNegative Net Change

Zacks Equity Research

State Street (STT) Gains on Q2 Earnings Beat, Y/Y Revenue Rise

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

JPMNegative Net Change BKNegative Net Change STTPositive Net Change

Zacks Equity Research

Morgan Stanley (MS) Q2 Earnings Beat on Robust IB & Trading

The resurgence of the capital markets businesses majorly supports Morgan Stanley's (MS) Q2 earnings, while the muted wealth management business acts as a spoilsport.

GSNegative Net Change MSNegative Net Change CPositive Net Change

Zacks Equity Research

BofA (BAC) Gains on Q2 Earnings Beat, IB & Trading Fee Growth

BofA (BAC) records a marginal increase in revenues in the second quarter of 2024.

BACNegative Net Change JPMNegative Net Change BKNegative Net Change

Mark Vickery

Dow Closes at New High as Q2 Earnings Season Heats Up

Earnings season only picks up steam in the weeks to come.

GSNegative Net Change BACNegative Net Change JPMNegative Net Change MSNegative Net Change CPositive Net Change ABTPositive Net Change JNJNegative Net Change UALPositive Net Change NFLXNegative Net Change

Zacks Equity Research

Goldman (GS) Q2 Earnings Beat Estimates, IB Revenues Rise Y/Y

Strong Investment banking and FICC financing revenues support Goldman's (GS) Q2 Earnings. However, the current tough macroeconomic scenario remains a concern.

GSNegative Net Change WFCNegative Net Change BKNegative Net Change

Mark Vickery

Pre-Markets Up as 1st Full Week of Q2 Earnings Begins

Goldman Sachs (GS) and BlackRock (BLK) both beat on Q2 earnings this morning, and we're just getting started.

GSNegative Net Change BACNegative Net Change JNJNegative Net Change BLKPositive Net Change NFLXNegative Net Change AXPNegative Net Change

Zacks Equity Research

Fee Income to Aid KeyCorp (KEY) Q2 Earnings, Lower NII to Hurt

Improvement in fee income and lower provisions likely to have supported KeyCorp's (KEY) Q2 earnings amid weak NII performance and higher expenses.

MTBNegative Net Change KEYPositive Net Change FNBPositive Net Change

Zacks Equity Research

Wells Fargo's (WFC) Q2 Earnings Beat on Higher Fee Income

The rise in non-interest income and lower provisions support Wells Fargo's (WFC) Q2 earnings while lower net interest income and a rise in expenses act as headwinds.

WFCNegative Net Change FITBPositive Net Change MTBNegative Net Change

Mark Vickery

PPI Swells Higher, Big Banks Beat Q2 Estimates

Today's PPI numbers were not quite as accommodating as yesterday's CPI.

WFCNegative Net Change JPMNegative Net Change CPositive Net Change