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banking: Archive

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.

BACNegative 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 JPMNegative Net Change CNegative Net Change CVXPositive Net Change XOMPositive 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 JPMNegative 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.

BACNegative Net Change BKNegative Net Change STTNegative 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.

BACNegative Net Change JPMNegative 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.

MCBNegative 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 JPMNegative 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.

BACNegative 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 STTNegative 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.

JPMNegative Net Change PNCNegative Net Change TFCNegative Net Change

David Bartosiak

Bear of the Day: Ellington Financial (EFC)

Rates heading lower along with earnings on this name.

EFCNegative Net Change PFSINegative Net Change VELNegative Net Change

Zacks Equity Research

How Barclays (BCS) Stock Stands Out in a Strong Industry

Barclays (BCS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

BCSNegative Net Change

Mark Zinski

Which Microcap Can You "Bank" On?

Two regional microcap banks with attractive valuations and growth potential.

CULLNegative Net Change BVFLNegative Net Change

Zacks Equity Research

Canadian Imperial (CM) Stock Up 2.2% Despite Q1 Earnings Fall

A surge in provisions and a fall in loan balance hurt Canadian Imperial's (CM) fiscal Q1 earnings, while higher revenues and a decrease in expenses offer some support.

BMOPositive Net Change RYNegative Net Change CMNegative Net Change

Zacks Equity Research

Royal Bank of Canada (RY) Q1 Earnings Fall on Higher Provisions

Substantial rise in provisions and higher non-interest expenses hurt Royal Bank of Canada's (RY) fiscal Q1 earnings, while an increase in revenues offers some support.

BMOPositive Net Change RYNegative Net Change HSBCNegative Net Change

Zacks Equity Research

LendingTree (TREE) Q4 Earnings Beat Estimates, Revenues Fall

Lower costs support LendingTree's (TREE) Q4 earnings to some extent. However, the overall decline in revenues hurt the company.

SLMNegative Net Change TREENegative Net Change NAVINegative Net Change

Zacks Equity Research

Why Toronto-Dominion (TD) Might Surprise This Earnings Season

Toronto-Dominion (TD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

TDPositive Net Change

Zacks Equity Research

HSBC Q4 Pre-Tax Earnings Fall on One-Time Impairment Charges

Decline in operating expenses supports HSBC's Q4 results, while one-time impairment charges, lower revenues and a rise in ECL are undermining factors.

DBNegative Net Change UBSNegative Net Change HSBCNegative Net Change