loan loss provisions
Bank Profits Rise 29% to $76.8B in 1st Quarter
Still, net interest income fell by $7.6 billion, or 5.6%, the sixth straight quarterly decline, and average net interest margin fell to 2.56%.
Bank Profits Rise 9% to $59.9B in 4th Quarter
“Banks remained resilient in fourth quarter 2020, consistent with the improving economic outlook,” the FDIC says.
Ally Financial’s Profit Drops by More Than Half
“We saw steady improvement throughout the [second] quarter as shelter-in-place orders eased and dealers quickly adapted to the COVID environment."
Goldman Crushes Estimates With $2.4B Profit
“Our strong [second-quarter] financial performance across our client franchises demonstrates the inherent benefits of our diversified business model."
HSBC Sets Aside $3B for Virus Loan Losses
“We are anticipating deep, severe recession events in western Europe and the U.S. in the second quarter."
AmEx Takes Profit Hit, Plans Spending Cuts
"The first two months of 2020 continued the strong momentum we have delivered over the past two years, but we’re now in a different world."
Ex-Credit Union CFO Claims Wrongful Firing
Timothy Ross alleges Nutmeg State Financial Credit Union fired him for trying to expose an "illegal scheme" to boost the CEO's pay.
U.S. Banks’ Profits Show First Drop in 2 Years
The industry's first-quarter results were mixed, with loan balances growing at the highest rate since 2009 and operating revenue up 2.7%.