Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
US Bancorp and State Street Beat Q2 Revenue Estimates on Loan Growth and Fees
US Bancorp and State Street both beat second-quarter revenue estimates, showing strength in both lending income and fee income. US Bancorp r
US Bancorp Posts Record Revenue as Loan Growth and BTIG Deal Boost Fees
US Bancorp posted record quarterly revenue of $7.71 billion, up 10.1% from a year ago. Loan growth and a jump in capital markets fees from t
Citizens Financial Profit Rises 35% on Higher Loan Income and Surging Capital Markets Fees
Citizens Financial's second-quarter profit climbed to $587 million, driven by a 14% rise in net interest income and a 45.7% jump in capital
Avanza Bank's Strong First Half Faces Headwinds as Swedish Rates Ease
Avanza Bank posted a 26% jump in Q2 operating income, capping a strong first half. But Berenberg warns that falling Swedish short-term rates
Big US Banks Post Strong Quarter as Deal Fees Hit Highest Since 2021
Big US banks reported strong second-quarter results, with investment banking fees hitting their highest level since 2021. Mega IPOs and vola
Italy's Banking Deal Chatter Intensifies as Berlin and Rome Signal Openness
Germany's chancellor says Berlin won't block UniCredit's interest in Commerzbank, while Rome hints it's close to selling its 4.9% stake in M
Wall Street Banks Cash In on AI Infrastructure Funding Boom
Big US banks say the AI infrastructure buildout is fueling a sustained wave of stock offerings and large loans for data centers. This deal a
Citi's 45% Profit Surge Overshadowed by Cost Warning, Shares Drop 5%
Citigroup reported a 45% jump in second-quarter net income, but the market fixated on management's warning that costs will rise in the secon
Big Banks See Steady Consumer Spending Despite Rising Oil Prices and Inflation Uncertainty
Major US banks say household spending remains resilient, with credit card balances rising and delinquencies lower than expected. However, hi
Citi's Overhaul Pays Off: Best Quarterly Revenue in a Decade, RBC Says
Citigroup's second-quarter results beat expectations, with revenue jumping 14% year-on-year to $24.8 billion. RBC Capital Markets says the b
BNY Raises Full-Year Revenue Forecast After Record Quarterly Earnings
BNY Mellon reported record second-quarter revenue of $5.7 billion, driven by higher fee income from rising markets and trading activity. The
BofA Sees CaixaBank Earnings Staying Strong as Rate Tailwinds Fade
Bank of America Global Research raised its price target on CaixaBank to €14.20 ahead of its July 29 results. The bank sees earnings growing