Archive snapshot · Financials
Fri, Jul 24, 2:50 AM ET
Wells Fargo lifts Q2 dividend 11% as earnings beat, asset cap removal clears growth path
Wells Fargo reported strong Q2 earnings, raised its dividend by 11%, and signaled confidence in growth prospects after regulators lifted its asset cap, marking
GuruFocus · +7 outlets
JPMorgan Chase sets tone for banking sector in Q2 earnings season with strong results
JPMorgan Chase delivered solid Q2 earnings, with commentary positioning the megabank as a bellwether for broader financial sector health and highlighting its AI
Kalkine Media · +14 outlets
Morgan Stanley revenue surges over 70% in Q2 on investment banking and trading strength
Morgan Stanley reported a dramatic revenue jump exceeding 70% in Q2, driven by robust investment banking activity and market trading gains.
Business Post · +14 outlets
KB Financial Group, Shinhan report record H1 profits as Korean banks benefit from non-bank divisions
South Korea's top banks posted record first-half earnings, with KB Financial and Shinhan achieving highest-ever results boosted significantly by non-banking sub
아시아경제 · +8 outlets
Unicredit posts best half-year profit of 6.3 billion euros on strong trading and capital release
Italian bank Unicredit delivered its best half-year result with 6.3 billion euros in profit, driven by improved trading performance and capital management.
Il Sole 24 ORE · +1 outlets
Zelle loses bid to dismiss New York fraud lawsuit, faces regulatory scrutiny
A judge ruled that Zelle must face a New York attorney general lawsuit alleging rampant fraud on the payment platform, rejecting its motion to dismiss.
Law Commentary · +1 outlets
Optus and M&F Carolina banks merge to create $1.3B Black-owned bank, nation's largest
Two Black-owned Carolina banks announced a roughly $105 million merger set to close in Q4, creating the nation's largest Black-owned bank with $1.3 billion in a
Banking Dive
Travis Kalanick's Atoms raises $1.7B led by a16z, expanding industrial AI platform
Atoms, the industrial automation startup founded by Uber's Travis Kalanick, raised $1.7 billion in a Series C round led by Andreessen Horowitz with Uber as an i
Big News Network.com · +8 outlets
Arrow Financial completes Adirondack Bank acquisition, adds $1B in assets and 19 branches
Arrow Financial reported Q2 net income of $11M and completed its Adirondack Bank acquisition, which added approximately $1 billion in assets and 19 new branches
Minichart · +1 outlets
Public Storage completes $10.5B merger with larger competitor, expands portfolio scale
Public Storage completed a major $10.5 billion merger and simultaneously formed a $3.2B joint venture covering 313 assets with $2.2B in financing from Goldman S
The Business Journals · +1 outlets
Capital One exploits $1B loophole in debit fee law, other banks follow strategy
Capital One discovered and other major banks are now replicating a regulatory loophole to the Durbin Amendment on debit fees, potentially worth $1 billion indus
Tech Times
First Financial acquires Finward Bancorp for $208M, expands Chicago footprint with $2B asset gain
First Financial completed its acquisition of northwest Indiana-based Finward Bancorp for $208 million, gaining $2 billion in additional assets and 24 branches n
Banking Dive
Carter Bankshares posts $28.9M Q2 profit boosted by $35.9M insurance sale gain
Carter Bankshares reported Q2 net income of $28.9M with adjusted EPS of $0.53, supplemented by a significant $35.9M gain from divesting an insurance subsidiary.
TradingView · +3 outlets
Northrim Bank acquires People's Bank of Commerce for $167.3M, grows to $4.2B in assets
Alaska-based Northrim Bank acquired Medford, Oregon's People's Bank of Commerce, bringing its total assets to $4.2 billion and expanding its branch network to 3
Banking Dive · +1 outlets
Globe Life misses Q2 earnings expectations as expenses escalate year-over-year
Globe Life reported Q2 earnings that fell short of estimates, with rising expenses pressuring profitability despite operational efforts.
TradingView · +3 outlets
Truist Financial maintains steady course on profitability after loan growth slowdown
Truist Financial reported Q2 results showing a shift toward credit quality and efficiency gains as loan growth moderates across the industry.
Ad-hoc-news.de
Top US banks threaten lawsuit over OCC's crypto trust bank charters
Major US banks hired legal counsel to challenge the OCC's regulatory framework allowing crypto trust bank charters, signaling industry opposition to expanded di
Pluang · +14 outlets
Gesa Credit Union to acquire Willamette Valley Bank, expanding into Oregon with $7B in assets
Washington-based Gesa Credit Union agreed to acquire Willamette Valley Bank, pushing the credit union's assets past $7 billion and establishing its first presen
Banking Dive · +6 outlets

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