|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||N/A - N/A|
|52 Week Range||undefined - undefined|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Though Investors showed varying levels of enthusiasm from the beginning of Q3 earnings season in the financial space, results from JPMorgan Chase, Bank of America & PNC Financial Services as positive, while Wells Fargo continued to suffer from increased legal costs & reputational damages.
Investors' sentiment remained upbeat on banks' Q3 earnings with the major players showing top-line strength and decline in provision for loan losses.
Higher interest income mainly supported SunTrust's (STI) Q3 earnings while lower mortgage banking fees continued to an undermining factor.
The Atlanta-based bank said it had earnings of $1.06 per share. The results met Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings ...
U.S. regional lender SunTrust Banks Inc's profit rose 12 percent in the third quarter, as interest rate hikes by the Federal Reserve drove higher net interest income. The Atlanta-based bank said on Friday its net interest income rose 9.3 percent to $1.47 billion in the quarter ended Sept. 30. Banks in the United States have gotten a much-needed boost from higher interest rates.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Financials sector is rising.
Auto Masters, a chain of car dealerships in Tennessee catering to drivers with bad credit, filed for bankruptcy protection after lender Capital One Bank sought to install a receiver that could potentially ...
Decent loan growth coupled with higher rates should boost SunTrust's (STI) NII in Q3. However, decline in mortgage revenues might hurt fee income growth.
A handful of companies are using so-called last-mile programs to train new hires for as long as a year before taking them on as full-time members of the team.
A handful of companies are building corporate finishing schools to attract and keep the skilled workers they need. Capital One Financial Corp., software firm SAP SE and kidney-health provider DaVita Inc. are among the companies hiring workers to attend bootcamp-style training courses where they learn the coding, patient care or communication skills they will need on the job. Workers are paid during the stints, which can last from six weeks to nearly a year, after which they start full-time as a software developer, project manager or nurse.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting COF. Over the last one-month, outflows of investor capital in ETFs holding COF totaled $6.24 billion.
The PNC Financial Services Group Inc (NYSE:PNC) saw a decent share price growth in the teens level on the NYSE over the last few months. As a large-cap stock withRead More...
PNC Financial Services posted better-than-expected third-quarter earnings, helped by strong commercial lending growth that bucked an industrywide trend.
Wedbush's Henry Coffey and Jordan Flannery take a look at credit card stocks today, writing that investors should buy Discover Financial Services (DFS) and sell Capital One (COF). Well, they think that the company faces challenges from credit quality, just like it's peers, but that it also will find it difficult to earn a meaningful return on equity, perhaps permanently, by its investment in its branch-based retail network and commercial lending operation. Recent results reported by both Citigroup (C) and JPMorgan (JPM) reflect a continued weakening in credit card loan quality dynamics and a look at national data suggests that this has evolved into an industry wide issue.
Driven by a rise in revenues, PNC Financial (PNC) beats Q3 earnings estimates. However, higher expenses hurt results to some extent.
Stocks rebounded at Friday's open as third quarter earnings season gathered momentum with reports from Bank Of America, Wells Fargo and PNC Financial.
Regional lender PNC Financial Services Group Inc, the sixth-largest U.S. bank by assets, reported a stronger-than-expected quarterly profit on Friday as higher Federal Reserve interest rates boosted the ...
The bank, based in Pittsburgh, said it had earnings of $2.16 per share. The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for ...