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U.s. banks take hit on leveraged loans as deals slump, rates rise
U.S. banks have started taking a hit on their leveraged loans' exposure as the outlook for dealmaking t...
July 18, 2022, 6:19 pm
Big u.s. banks see loan growth slowing as outlook for demand, economy darkens
U.S. bank executives said they're optimistic on loan growth as demand for borrowing from retail and bus...
July 18, 2022, 6:09 am
Finland's nordea posts profit above expectations
Finland's Nordea on Monday posted a rise in second-quarter operating earnings, well above market expectations aided by growth in earned...
July 18, 2022, 12:38 am
Op bancorp: strong loan growth to drive earnings this year
After remarkable loan growth during the first quarter of the year,...
July 16, 2022, 1:19 am
First guaranty bancshares: balance sheet growth to drive the bottom line
Strong job markets will keep loan growth at decent levels this year. However, higher interest rates wil...
July 15, 2022, 4:32 pm
Citigroup profit sinks 27% on loan loss provisions, dealmaking slump
(Reuters) -Citigroup Inc posted a 27% decline in second-quarter profit on Friday as the third-largest U.S. bank added reserves for potentially sour
July 15, 2022, 8:03 am
Wells fargo profit falls as the bank sets aside funds for bad loans, company's shares fall 3%
Wells Fargo is the most mortgage-dependent of the six biggest U.S. banks. Sharply higher interest rates are expected to curtail purchase and refinance...
July 15, 2022, 7:03 am
Wells fargo profit falls on rising loan loss reserves
(Reuters) -Wells Fargo & Co reported a fall in second-quarter profit on Friday as the bank set aside more money to cover...
July 15, 2022, 6:55 am
Jpmorgan chase: jamie dimon's warning
During the bank's July 14 earnings call, JPM's CEO, Jamie Dimon, warned that JPM will shrink risk assets (i.e.,...
July 15, 2022, 2:45 am
Jpmorgan ups loan loss reserves amid uncertain consumer outlook
JPMorgan Chase set aside $428 million in additional funds to cover bad loans and also temporarily shelv...
July 14, 2022, 11:14 am
What's in store for m&t bank (mtb) this earnings season?
While loan growth is expected to have aided M&T Bank's (MTB) Q2 net interest income, low mortgage banki...
July 14, 2022, 10:07 am
Weakness in investment banking to mar bofa (bac) q2 earnings
Amid muted investment banking performance, decent trading income growth, a rise in loan demand and high...
July 14, 2022, 8:35 am
Aif: leveraged loan fund from apollo, 8.5% yield
AIF is a closed-end fund with a 70/30 leveraged loans/high yield bonds allocation. The fund comes from ...
July 13, 2022, 6:39 pm
Key points to note before jpmorgan reports tomorrow
JPMorgan appears to be in good financial health although loan balances and investment banking are areas...
July 13, 2022, 5:40 pm
Loandepot to cut 2,000 more jobs this year as decline in mortgage originations seen accelerating
Shares of loanDepot Inc. LDI, -12.05% rallied 4.1% in premarket trading Tuesday, after the online mortg...
July 12, 2022, 7:19 am
Big u.s. banks' second quarter profits to tumble on higher bad loan reserves
Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan...
July 11, 2022, 6:06 am
Factbox-how big u.s. banks have managed bad loan reserves since the pandemic
The big six U.S. banks face a tough second quarter earnings season due to a hit from increased loan los...
July 11, 2022, 6:05 am
Electric vehicle maker fisker announces digital financing platform
Fisker, which makes electric vehicles, has debuted a new digital financing platform, a press release said Friday (July 8). Called Fisker Finance, it w...
July 10, 2022, 6:25 pm
Sofi stock: decision on student loan forgiveness will not impact much
Trading at discount prices, SoFi stock is a great investment opportunity for those looking for some good returns in the future. The post SoFi Stock: D...
July 8, 2022, 3:35 pm
Ally financial: bumping along the bottom
Ally Financial still expects strong earnings as vehicle supplies remain depressed heading into a potential recession. The financial forecasts...
July 8, 2022, 2:37 pm