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banking: Archive

Zacks Equity Research

New York Community (NYCB) Reports Loss in Q2, Stock Tanks 3%

New York Community's (NYCB) Q2 results reflect the impacts of the rise in provisions and expenses. A fall in fee income and lower loan balance further affects its performance.

NYCBPositive Net Change CFGPositive Net Change

Zacks Equity Research

Valley National (VLY) Stock Up 3.1% Despite Q2 Earnings Miss

A jump in provisions and lower revenues hurt Valley National's (VLY) Q2 earnings, while higher loan and deposit balances and a fall in expenses offer some support.

ZIONPositive Net Change EWBCNo Net Change VLYNegative Net Change

Zacks Equity Research

Evercore (EVR) Q2 Earnings Beat on Higher Revenues, Stock Dips

An improvement in segmental performance leads to a growth in Evercore's (EVR) revenue base, positively impacting its Q2 earnings. However, a rise in expenses pose near-term concerns.

SCHWNegative Net Change IBKRNegative Net Change EVRNegative Net Change

Zacks Equity Research

Raymond James' (RJF) Q3 Earnings Beat, Revenues Rise Y/Y

A rise in revenues driven by strong IB performance and higher assets under administration balance support Raymond James' (RJF) fiscal Q3 earnings.

MSNegative Net Change JEFNegative Net Change RJFNegative Net Change

Zacks Equity Research

Navient (NAVI) Q2 Earnings Beat on Lower Expenses, NII Falls Y/Y

Navient's (NAVI) Q2 earnings benefit from reduced expenses and a solid-liquid profile. However, lower NII and other income act as headwinds.

APAMNegative Net Change ALLYNegative Net Change NAVIPositive Net Change

Zacks Equity Research

Artisan Partners (APAM) Q2 Earnings Miss Estimates on Lower AUM

Artisan Partners' (APAM) Q2 results reflect a decline in the AUM balance, along with higher expenses. However, a rise in Global Funds and Separate accounts aids the top-line growth.

BLKNegative Net Change IVZNegative Net Change APAMNegative Net Change

Zacks Equity Research

Truist (TFC) Q2 Earnings Top on Higher Fee Income, Costs Dip

A rise in fee income, lower adjusted expenses and a decline in provisions support Truist's (TFC) Q2 earnings amid weakness in NII.

PNCPositive Net Change KEYNegative Net Change TFCNegative Net Change

Zacks Equity Research

Solid IB, Trading to Support Raymond James (RJF) Q3 Earnings

Robust IB and trading business performance, high rates and decent lending activities are likely to have aided Raymond James' (RJF) fiscal Q3 earnings.

COFPositive Net Change AMPNegative Net Change RJFNegative Net Change

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 FNBNegative 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 OZKNegative 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.

FITBNegative Net Change FHNPositive Net Change FNBNegative 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.

BACPositive Net Change JPMPositive 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.

COFPositive Net Change ZIONPositive Net Change EWBCNo 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.

FITBNegative 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 WBSPositive 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.

PNCPositive Net Change USBPositive Net Change KEYNegative 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 OZKNegative 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.

NTRSPositive Net Change BOKFPositive Net Change WBSPositive 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 WBSPositive 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.

FITBNegative Net Change MTBPositive 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 BKUNegative 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 BACPositive Net Change MSNegative Net Change UNHNegative 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.

WFCPositive Net Change PNCPositive 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.

JPMPositive Net Change BKNegative Net Change STTPositive Net Change