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banking: Archive

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.

NTRSNegative Net Change BOKFNegative Net Change WBSNegative 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.

BOKFNegative Net Change WBSNegative Net Change CFGNegative 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 MTBNegative 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 WAFDNegative 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.

AMZNPositive Net Change BACNegative Net Change MSPositive 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 PNCNegative Net Change BKPositive 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 BKPositive Net Change STTNegative 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 MSPositive Net Change CNegative 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 JPMPositive Net Change BKPositive 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 JPMPositive Net Change MSPositive Net Change CNegative Net Change ABTNegative Net Change JNJNegative Net Change UALNegative Net Change NFLXNegative 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 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 AXPPositive 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 JPMPositive 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 JPMPositive 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.

JPMPositive 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 JPMPositive 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 JPMPositive 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 JPMPositive Net Change JEFNegative Net Change