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banking: Archive

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.

MTBPositive 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.

WFCPositive Net Change FITBPositive Net Change MTBPositive 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.

WFCPositive Net Change JPMPositive Net Change CPositive Net Change

Zacks Equity Research

JPMorgan's (JPM) Q2 Earnings Top Estimates on Solid IB, Trading

High rates, robust loan balance, a rise in mortgage banking income and solid IB and trading businesses aid JPMorgan's (JPM) Q2 earnings. High credit costs and non-interest expenses are headwinds.

BACPositive Net Change JPMPositive Net Change PNCPositive Net Change

Zacks Equity Research

BNY Mellon (BK) Gains on Q2 Earnings Beat, Revenue Growth

BNY Mellon (BK) records a decline in expenses and higher revenues in the second quarter of 2024.

BKPositive Net Change BKUPositive Net Change TFCPositive Net Change

Zacks Equity Research

Higher Fee Income to Aid BNY Mellon (BK) Q2 Earnings, NII to Hurt

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

BKPositive Net Change BLKPositive Net Change ALLYPositive Net Change

Zacks Equity Research

Fee Income to Aid State Street (STT) Q2 Earnings, NIR to Hurt

An increase in fee income is expected to have supported State Street's (STT) Q2 earnings amid higher funding costs, which is likely to have hampered NIR growth.

JPMPositive Net Change STTPositive Net Change MTBPositive Net Change

Swayta Shah

Is Bank of America (BAC) Stock a Buy Before Q2 Earnings?

High rates, impressive IB and trading businesses and modest loan demand are likely to have aided Bank of America's (BAC) Q2 earnings. But rising provisions and expenses might have been headwinds. Should investors buy the BAC stock now or wait for a better entry point?

BACPositive Net Change WFCPositive Net Change JPMPositive Net Change CPositive Net Change BKPositive Net Change

Mark Vickery

On Powell, Housing Supply and Helen of Troy Earnings

For all the downward pressure on the housing market, prices are showing strong resistance to coming down in price.

HELEPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Consumer Credit Rises; Powell on Capitol Hill Tomorrow

It is strongly expected Fed Chair Powell will be asked lots of questions about when the Fed plans on lowering interest rates.

QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Swayta Shah

JPMorgan (JPM) Stock: Buy, Sell, or Hold Before Q2 Earnings?

High rates, solid IB and trading businesses, and decent loan demand are likely to have aided JPMorgan (JPM). But lingering fee income growth concerns and rising provisions and costs are expected to have been spoilsports. What should be investors' stance regarding JPM stock ahead of Q2 earnings?

WFCPositive Net Change JPMPositive Net Change CPositive Net Change

Zacks Equity Research

Implied Volatility Surging for Arrow Financial (AROW) Stock Options

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

AROWPositive Net Change

Zacks Equity Research

Jefferies (JEF) Hits 52-Week High on Q2 Earnings Beat, IB Fees Up

The resurgence of IB business and solid trading performance support Jefferies' (JEF) fiscal Q2 results, leading to higher net revenues. A rise in operating expenses acts as an undermining factor.

BACPositive Net Change JPMPositive Net Change JEFPositive Net Change

Mark Vickery

PCE, Housing, Earnings to Inform Trading Week

Reports this week will help inform the Fed on how to adjust inflation rates in the (near?) future.

NKEPositive Net Change GISPositive Net Change MUNegative Net Change FDXPositive Net Change

Zacks Equity Research

Implied Volatility Surging for First Financial (FFIN) Stock Options

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

FFINPositive Net Change

John Blank

Europe, Asia Rates Stay Put: Global Week Ahead

Central Bank decisions in Europe, from the U.K., Switzerland and Norway, are expected to provide more evidence that the global rate-cutting dash is slowing to a crawl.

DDPositive Net Change HENKYPositive Net Change ASMIYNegative Net Change

Shaun Pruitt

3 Financial Transaction Services Stocks to Buy Now

The Zacks Financial Transaction Services Industry is currently in the top 19% of almost 250 Zacks industries and here are three stocks in the space that made their way onto the coveted Zacks Rank #1 (Strong Buy) list.

WUPositive Net Change RBAPositive Net Change MLPositive Net Change

Zacks Equity Research

Implied Volatility Surging for First Busey (BUSE) Stock Options

Investors need to pay close attention to First Busey (BUSE) stock based on the movements in the options market lately.

BUSEPositive Net Change

Zacks Equity Research

Do Options Traders Know Something About Credicorp (BAP) Stock We Don't?

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

BAPPositive Net Change

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.

MSCIPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

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.

TDPositive Net Change RYPositive Net Change BNSPositive Net Change

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.

BMOPositive Net Change TDPositive Net Change BNSPositive Net Change

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.

TDPositive Net Change RYPositive Net Change BNSPositive Net Change

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.

BMOPositive Net Change TDPositive Net Change RYPositive Net Change

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."

JPMPositive Net Change MSFTPositive Net Change MPositive Net Change LOWPositive Net Change URBNPositive Net Change AZONegative Net Change TOLPositive Net Change PANWPositive Net Change ZMPositive Net Change