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Stock Market & Financial Investment News

News Breaks
November 19, 2012
07:35 EDTRBS, TD, MTB, FITB, HBAN, KEY, PNC, USBRBS under pressure to sell CItizens, Reuters reports
Royal Bank of Scotland (RBS) is coming under pressure from the U.K. government to put its US Citizens business up for sale, according to Reuters. The unit could be worth around $8.8B-$13.6B, but the publication adds that a sale is not likely to happen for a year or two. TD Bank (TD), M&T Bank (MTB), Fifth-Third (FITB), Huntington (HBAN) or KeyCorp (KEY) could be interest in parts of the network, Credit Suisse analysts have said. Bankers say PNC (PNC) and U.S. Bancorp (USB) could also take a look. Reference Link
News For RBS;TD;MTB;FITB;HBAN;KEY;PNC;USB From The Last 14 Days
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October 15, 2014
15:28 EDTFITBNotable companies reporting before tomorrow's open
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14:47 EDTKEYKeyCorp upgraded to Buy from Neutral at Citigroup
12:45 EDTTDNY AG announces multi-state settlement with TD Bank over data breach
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12:36 EDTKEYOn The Fly: Midday Wrap
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11:04 EDTPNCPNC Financial sees reserve releases continuing, but not likely at current level
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10:30 EDTPNCPNC Financial says U.S. economy feels 'very strong,' 'resilient'
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10:20 EDTPNCPNC Financial sees 'challenging' revenue environment until rates rise
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07:55 EDTPNCPNC Financial sees Q4 net interest income down modestly vs. Q3
Sees modest growth in loans in Q4 vs. Q3. Sees "stable" fee income in Q4 vs. Q3. Sees Q4 noninterest expense up low single digits vs. Q3. Sees Q4 loan loss provision $25M-$75M. Comments from slides that will be presented on the Q3 earnings conference call.
07:41 EDTKEYKeyCorp sees Q4 NII relatively stable with Q3
Says core revenue trends "stable." Says committed to capital priorities: Organic growth, dividends, repurchases, opportunistic growth. Says asset quality "strong," with NCOs below targeted range. Sees FY14 expenses down a low to mid single digit percentage from 2013, sees Q4 expenses relatively stable with Q3. Says business plans and macroeconomic environment provide path to an efficiency ratio below 60%. Says net charge-offs expected to continue below the targeted range of 40-60bps for the remainder of the year. Sees Q4 net interest income "relatively stable" with Q3, sees FY14 NII relatively stable with 2013, with slight downward pressure from competitive environment. Sees low double digit percentage growth for non-interest income in Q4, sees low single digit growth for FY14 non-interest income vs. prior year. Sees FY14 average loans experiencing mid single digit growth vs. FY13. Comments from slides that will be presented on the Q3 earnings conference call.
07:27 EDTRBSJPMorgan, HSBC fire traders linked to forex probe, WSJ reports
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06:47 EDTPNCPNC Financial reports Q3 retail banking net interest income $985M
Retail Banking earnings for Q3 decreased compared with Q2 and increased compared with 3Q13. Noninterest income included strong customer-related fee income growth in both comparisons primarily resulting from changes in product offerings and increases in customer-initiated transactions. Noninterest income also reflected gains on sales of Visa Class B common shares of $57M in Q3, $54M in Q2 and $85M in 3Q13. Provision for credit losses increased compared with the linked quarter as credit quality improved at a slower pace in Q3 compared with Q2. The provision decreased compared with 3Q13 driven by improved credit quality in the consumer and commercial loan portfolios as net charge-offs and delinquencies declined.
06:43 EDTPNCPNC Financial reports Q3 EPS $1.79, consensus $1.71
Reports Q3 revenue $3.84B, consensus $3.8B. Reports Q3 Basel III Tier 1 capital ratio 10.1%. Reports Q3 book value per share $76.71. Reports Q3 net charge offs 0.16%. PNC continued to execute on its strategic priorities as reflected in the results for the third quarter which included strong fee income, well-controlled expenses and overall credit quality improvement. Net interest income of $2.1B in Q3 decreased $25M, or 1%, compared with Q2 due to lower earning asset yields, lower investment securities balances and the impact of increasing the company's liquidity position.
06:36 EDTKEYKeyCorp reports Q3 EPS 23c, consensus 26c
Reports Q3 book value per share $11.77. Reports Q3 tier 1 capital ratio 12%. Reports Q3 net charge-offs 0.22%. Key incurred $35M, or 3c per common share, of costs related to both its efficiency initiative and a pension settlement charge, compared to $41M, or 3c per common share, during 3Q13.
October 14, 2014
15:40 EDTPNCPNC Financial October 82 straddle priced for 3% move into Q3
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15:29 EDTKEY, PNCNotable companies reporting before tomorrow's open
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06:45 EDTRBSData says UK banks paid less than 40% to cover mis-selling, Reuters says
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October 13, 2014
08:45 EDTPNCPNC Financial October volatility elevated into Q3 and outlook
PNC Financial October call option implied volatility is at 33, November is at 23, January is at 19; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 16.
06:44 EDTUSBRegulators seeking banks' auto loan data, Reuters reports
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00:04 EDTUSBBanking regulators want more disclosure on auto loans, Reuters says
Banking regulators are requesting that banks provide more details on their auto loan portfolios, says Reuters. Balances remaining on auto loans are rising and about a fifth of the loans are subprime, added Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Capital One (COF), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 12, 2014
13:03 EDTUSBBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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