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State Bank Of India & Escorts sign MoU for financing tractors​

Monday, 23 Oct 2017 06:14am EDT

Oct 23 (Reuters) - State Bank of India::‍State Bank Of India and Escorts Limited sign MoU for financing tractors​.

BB&T reports Q3 earnings per share of $0.74

Thursday, 19 Oct 2017 05:45am EDT

Oct 19 (Reuters) - BB&T Corp :BB&T reports solid third quarter earnings.Q3 earnings per share $0.74.Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Q3 earnings per share $0.78 excluding items.Q3 revenue $2.9 billion versus I/B/E/S view $2.84 billion.BB&T Corp - ‍taxable-equivalent revenues were $2.9 billion for Q3, down $41 million from Q2 of 2017​.BB&T Corp qtrly ‍average loans and leases held for investment were $142.7 billion compared to $143.1 billion for Q2 of 2017​.BB&T Corp - ‍incurred pre-tax merger-related and restructuring charges of $47 million ($29 million after-tax)​ in quarter.BB&T Corp qtrly ‍average deposits were $157.4 billion compared to $160.3 billion for Q2 of 2017​.BB&T Corp - qtrly taxable equivalent net interest income $‍​1,688 million versus $1,650 million.BB&T Corp - qtrly preliminary risk based common equity tier 1 ratio ‍​10.1 percent versus 10.1 percent last year.BB&T Corp qtrly provision for credit losses was $126 million, compared to $135 million for the prior quarter‍​.

Secure Trust Bank says loan book continues growth in Q3

Wednesday, 18 Oct 2017 02:00am EDT

Oct 18 (Reuters) - Secure Trust Bank Plc ::‍PROVIDES A TRADING UPDATE IN RELATION TO Q3​.‍GROUP'S LOAN BOOK HAS CONTINUED TO GROW AND BUSINESS HAS TRADED IN LINE WITH MANAGEMENT EXPECTATIONS DURING Q3​.SECURE TRUST - BELIEVES ‍A MOVE AWAY FROM HIGHER RISK, CONSUMER UNSECURED AND SUB-PRIME MOTOR PRODUCTS REMAINS CORRECT COURSE OF ACTION.SECURE TRUST - ‍BUSINESS FINANCE OPERATIONS MADE PROGRESS IN Q3 WITH EXPOSURE TO LARGE PRIME CENTRAL LONDON HOUSE BUILDING CONTINUING TO REDUCE​.‍GROUP'S CONSUMER FINANCE OPERATIONS ALSO PERFORMED AS EXPECTED​.‍CONTINUES TO SHIFT EMPHASIS OF ITS MOTOR BUSINESS TO LOWER RISK, LOWER MARGIN LENDING​.‍GROUP HAS ALSO MADE CONSIDERABLE PROGRESS DURING PERIOD WITH ITS PREPARATIONS FOR IMPLEMENTATION OF IFRS9​.

Secure Trust Bank says loan book continues growth in Q3

Wednesday, 18 Oct 2017 02:00am EDT

Oct 18 (Reuters) - Secure Trust Bank Plc ::‍PROVIDES A TRADING UPDATE IN RELATION TO Q3​.‍GROUP'S LOAN BOOK HAS CONTINUED TO GROW AND BUSINESS HAS TRADED IN LINE WITH MANAGEMENT EXPECTATIONS DURING Q3​.SECURE TRUST - BELIEVES ‍A MOVE AWAY FROM HIGHER RISK, CONSUMER UNSECURED AND SUB-PRIME MOTOR PRODUCTS REMAINS CORRECT COURSE OF ACTION.SECURE TRUST - ‍BUSINESS FINANCE OPERATIONS MADE PROGRESS IN Q3 WITH EXPOSURE TO LARGE PRIME CENTRAL LONDON HOUSE BUILDING CONTINUING TO REDUCE​.‍GROUP'S CONSUMER FINANCE OPERATIONS ALSO PERFORMED AS EXPECTED​.‍CONTINUES TO SHIFT EMPHASIS OF ITS MOTOR BUSINESS TO LOWER RISK, LOWER MARGIN LENDING​.‍GROUP HAS ALSO MADE CONSIDERABLE PROGRESS DURING PERIOD WITH ITS PREPARATIONS FOR IMPLEMENTATION OF IFRS9​.

Comerica Inc Q3 income per common share $1.26‍​

Tuesday, 17 Oct 2017 06:48am EDT

Oct 17 (Reuters) - Comerica Inc :Comerica Inc - qtrly diluted income per common share $1.26‍​.Comerica Inc - qtrly net interest income $‍​546 million versus $450 million last year.Comerica Inc - qtrly provision for credit losses $ 24 million versus $16 million.Comerica Inc - quarter-end common equity tier 1 capital ratio 11.51 ‍​percent versus 10.69 percent last year.Comerica inc - now expect 2019 results will include a benefit of $305 million as a result of gear up initiative.Q3 earnings per share view $1.20 -- Thomson Reuters I/B/E/S.Comerica - excluding restructuring charges, tax benefits from employee stock transactions, adjusted eps $1.27 for third quarter 2017‍​.Comerica inc - "as far as hurricanes in Texas and Florida, credit impact is expected to be manageable"‍​.Comerica Inc - expects Q4 net interest income to reflect lower nonaccrual interest recoveries, partially offset by loan growth‍​.

Marlin announces departure of COO Edward Siciliano

Friday, 13 Oct 2017 08:30am EDT

Oct 13 (Reuters) - Marlin Business Services Corp :Marlin announces departure of Chief Operating Officer Edward Siciliano.Marlin Business Services - ‍Effective today, Edward Siciliano, executive VP & COO, is stepping down from role.Marlin Business - ‍Siciliano's responsibilities will transition to members of company's senior leadership team and Marlin does not intend to refill COO​.

Bank of America posts qtrly ‍​earnings per share of $0.48‍​‍​

Friday, 13 Oct 2017 07:04am EDT

Oct 13 (Reuters) - Bank of America Corp ::Bank of America reports q3-17 net income of $5.6 billion.Qtrly ‍​EPS up 17% TO $0.48‍​.Qtrly revenue, net of interest expense, increased 1% to $21.8 billion from $21.6 billion.Q3 earnings per share view $0.45, revenue view $21.98 billion -- Thomson Reuters I/B/E/S.Qtrly provision for credit losses decreased 2% to $834 million from $850 million.Qtrly net interest income (NII) increased $960 million, or 9%, to $11.2 billion.Qtrly net charge-offs increased 1% to $900 million from $888 million.Qtrly estimated CET1 ratio under basel 3 standardized approach on fully phased-in basis 12.2 percent versus 12 percent in q2.Qtrly noninterest income decreased $756 million, or 7%, to $10.7 billion.Qtrly noninterest expense declined $342 million, or 3%, to $13.1 billion ‍​.Bank of America's Moynihan says "revenue across our four lines of business grew 4 percent, even with a challenging comparable quarter for trading".Bank of America CFO says "client activity remained strong across the franchise" in quarter.

JPMorgan Chase & Co Q3 earnings per share $1.76

Thursday, 12 Oct 2017 07:11am EDT

Oct 12 (Reuters) - JPMorgan Chase & Co ::JPMorgan Chase reports third-quarter 2017 net income of $6.7 billion, or $1.76 per share‍​.Qtrly ‍​ reported revenue of $25.3 billion; managed revenue of $26.2 billion.Qtrly ROTCE 13 percent versus 14 percent in Q2.Qtrly average core loans up 7 pct YOY and 2 pct QOQ.Qtrly tangible book value per share of $54.03, up 5%‍ pct.Quarter-end assets under management were $1.9 trillion, up 10 pct.Qtrly net revenue was $26.2 billion, up 3 pct.Qtrly adjusted expense of $14.4 billion versus $14.4 billion in Q2‍​.Qtrly Consumer & Business Banking average deposits of $646 billion, up 9 pct.Qtrly provision for credit losses was $1.5 billion, up from $1.3 billion in the prior year‍​.Q3 earnings per share view $1.65, revenue view $25.23 billion -- Thomson Reuters I/B/E/S.Basel III Common Equity Tier 1 ratio 12.5 pct at Q3-end versus 12.5 percent at Q2-end.Qtrly Equity Markets revenue was down 4 pct.CEO says "global economy continues to do well and the U.S. consumer remains healthy with solid wage growth"‍​.Qtrly adjusted overhead ratio 55 percent versus 56 percent in Q2.Qtrly mortgage banking net revenue was $1.6 billion, down 17 pct.CEO says "unfortunately, natural disasters in the U.S. and abroad have impacted many of our customers‍"​.CEO says "delivered solid results in a competitive environment this quarter with steady core growth across the platform".

Sabadell confirms board meeting to analyse change of headquarters

Thursday, 5 Oct 2017 07:40am EDT

Oct 5 (Reuters) - BANCO DE SABADELL SA ::SAYS BOARD SHALL MEET TODAY IN AN EXTRAORDINARY MEETING IN ORDER TO ANALYSE THE POSSIBLE RELOCATION OF THE REGISTERED OFFICE.‍​.

Scotia Capital and AIMCO to sell 2,750,000 shares of TMX group

Monday, 2 Oct 2017 04:51pm EDT

Oct 2 (Reuters) - Bank of Nova Scotia :Scotia Capital Inc and Alberta Investment Management Corporation each agree to sell 2,750,000 common shares of TMX Group Limited.Bank of Nova Scotia - ‍after giving effect to trade, sci and aimco will each hold less than 5% of issued and outstanding common shares of TMX​.Bank of Nova Scotia - ‍SCI and AIMCO will no longer be entitled to appoint nominees to board of directors of TMX​.Bank of Nova Scotia - ‍Scotia Capital, AIMCO agreed to sell shares of Tmx Group Limited representing an aggregate of about 9.9% of issued, outstanding shares.

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