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banking: Archive

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.

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 ABTNegative Net Change JNJPositive Net Change UALNegative Net Change NFLXPositive 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 WFCPositive 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 JNJPositive Net Change BLKNegative Net Change NFLXPositive 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.

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 JPMNegative 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.

BACNegative Net Change JPMNegative 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.

BKNegative 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.

BKNegative Net Change BLKNegative 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.

JPMNegative 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?

BACNegative Net Change WFCPositive Net Change JPMNegative Net Change CPositive Net Change BKNegative 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 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 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.

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 MUNegative 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.

DDPositive 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.

WUPositive Net Change RBANegative 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