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banking: Archive

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 WFCPositive Net Change BKPositive 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 BLKNegative 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 KEYNegative Net Change FNBNegative 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 FITBNegative 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.

WFCPositive Net Change JPMNegative Net Change CNegative 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.

BACNegative Net Change JPMNegative Net Change PNCNegative 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 BKUNegative Net Change TFCNegative 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 BLKNegative Net Change ALLYNegative 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.

JPMNegative Net Change STTNegative Net Change MTBNegative 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?

BACNegative Net Change WFCPositive Net Change JPMNegative Net Change CNegative 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.

HELENegative Net Change QQQNegative Net Change SPYNegative Net Change DIANegative 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.

QQQNegative Net Change SPYNegative Net Change DIANegative 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 JPMNegative Net Change CNegative 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.

AROWNegative 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.

BACNegative Net Change JPMNegative Net Change JEFNegative 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.

NKENegative Net Change GISPositive Net Change MUPositive Net Change FDXNegative 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.

FFINNegative 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.

DDNegative Net Change HENKYNegative 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.

WUNegative Net Change RBAPositive 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.

BUSENegative 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.

BAPNegative 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.

MSCINegative Net Change QQQNegative Net Change SPYNegative Net Change DIANegative 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.

TDNegative Net Change RYNegative Net Change BNSNegative 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.

BMONegative Net Change TDNegative Net Change BNSNegative 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.

TDNegative Net Change RYNegative Net Change BNSNegative Net Change