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financial services

Regions Financial misses earnings and revenue estimates for Q4

Regions Financial Corp (RF) reported fourth quarter EPS from continuing ops of $0.37 on revenue of $1.44 billion. Analysts had…

Commerce Bancshares beats earnings consensus by a cent in Q4

Commerce Bancshares, Inc. (NASDAQ: CBSH) reported fourth-quarter results that surpassed street estimates, thanks to a favorable credit environment. Net income…

Fiserv’s $22-bln buyout of First Data will redefine fintech, payment processing

After a year of hectic M&A activity, more US companies are taking the consolidation route to streamline operations and enhance…

PNC Financial fails to meet Street’s expectations in Q4

The PNC Financial Group (PNC) reported Q4 earnings and revenue that missed analysts' predictions. The company reported earnings of $2.75…

Bank of New York Mellon Q4 profit falls; adj. earnings increase

The Bank of New York Mellon Corp. (BK) reported lower earnings for the fourth quarter, despite an increase in revenues.…

First Republic Bank stock rallies after Q4 results beat estimates

Earnings of First Republic Bank (FRC) increased and exceeded expectations in the fourth quarter, reflecting a sharp growth in interest…

Citigroup Q4 revenue drops on weak bond trading; earnings beat

Citigroup (C) reported an increase in fourth-quarter earnings, which also exceeded market expectations, mainly reflecting the bank’s cost-cutting initiatives. Revenues,…

Royal Bank of Canada Q4 earnings beat as higher interest rate lifts margins

Supported by double-digit income growth in key business segments, Royal Bank of Canada (RY) Wednesday reported stronger than expected fourth-quarter…

A decade since Lehman collapse, tracking the key executives

It’s been 10 years since the largest bankruptcy filing was made in the history of the country, by Lehman Brothers.…

Preview: Square under pressure to prove worthiness as it reports Q3 earnings

Square (SQ) stock more-than-doubled in the past 52 weeks to hit an all-time high of $99.01 on September 28, before…

Mastercard thrives on consumer spending; reports record Q3 results

Revenues of Mastercard (MA) rose sharply and hit a record high in the third quarter as cardholders spent more on…

BB&T tops Q3 earnings and revenue estimates

BB&T Corp (BBT) posted Q3 adjusted profit per share of $1.01 and revenue of $2.95 billion, which beat consensus views.…

Bank of America to benefit from lower expenses, trading recovery in Q3

The banking sector is currently going through a challenging phase, marked by rising interest rates and tariff-related headwinds. When Bank…

Wells Fargo stock rises after Q3 earnings

This quarter’s earnings season kicked off with the big banks reporting better-than-expected results today. One among them is Wells Fargo…

PNC Financial sees a dip despite beating Q3 estimates

The PNC Financial Services Group Inc. (PNC) topped market estimates on revenues and earnings for the third quarter of 2018.…

Buoyed by retail banking, JPMorgan tames interest rate woes in Q3

An impressive performance by the commercial banking segment drove up banking giant JPMorgan’s (JPM) third-quarter earnings, which also came in…

Citi rebuilding gathers steam; investment banking gets a facelift

The corporate and investment banking division of Citigroup (C) will soon cease to exist as an independent unit. According to…

Visa shares surpass 52-week high on strong Q3 results

Credit card giant Visa (V) reported upbeat results for its third quarter ending June 30, 2018. The company’s shares, which…

American Express misses on topline; Shares fall 3%

American Express Company (AXP) reported revenues of $10 billion for the second quarter of 2018, an increase of 9% from…

Meet the new Goldman Sachs chief: DJ D-Sol

Along with its quarterly earnings report, banking giant Goldman Sachs (GS) today announced the appointment of its new CEO David…

Wells Fargo slides after missing Q2 earnings

Banking giant Wells Fargo (WFC) reported downbeat results both on earnings and revenue front amid the pressure from the federal…