loan loss provisions

Bank Profits Fall 1.2% to $69.5B in Q3
Profitability

Bank Profits Fall 1.2% to $69.5B in Q3

The dip in net income reflected a slowdown in the lowering of banks' loan loss provisions to negative $5.2 billion.
By Matthew Heller | November 30, 2021
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Bank Profits Rise 29% to $76.8B in 1st Quarter
Financial Performance

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%.
By Matthew Heller | May 26, 2021
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Bank Profits Rise 9% to $59.9B in 4th Quarter
Financial Performance

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.
By Matthew Heller | February 23, 2021
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Ally Financial’s Profit Drops by More Than Half
Financial Performance

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."
By Matthew Heller | July 20, 2020
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Goldman Crushes Estimates With $2.4B Profit
Financial Performance

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."
By Matthew Heller | July 15, 2020
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HSBC Sets Aside $3B for Virus Loan Losses
Financial Reporting

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."
By Matthew Heller | April 28, 2020
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AmEx Takes Profit Hit, Plans Spending Cuts
Financial Performance

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."
By Matthew Heller | April 24, 2020
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Ex-Credit Union CFO Claims Wrongful Firing
Risk & Compliance

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.
By Matthew Heller | June 6, 2016
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U.S. Banks’ Profits Show First Drop in 2 Years
Financial Performance

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%.
By Matthew Heller | June 2, 2016
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American Banks: Not Yet Out of the Woods
Risk

American Banks: Not Yet Out of the Woods

The good times are ending before they had really begun.
By Economist Staff | January 25, 2016
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