Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
US Bancorp Delivers 32% Year-on-Year EPS Growth in Q1 2025 with Third Consecutive Quarter of Positive Operating Leverage
U.S. Bancorp posted Q1 2025 net income of $1.71bn and EPS of $1.03, up 32% year-on-year, with 270bps of positive operating leverage and ROTCE of 17.5%.
Access Holdings Nigeria Reports FY2024 Gross Earnings of NGN 4.88 Trillion, Up 88%, as Assets Cross NGN 41 Trillion
Access Holdings posted FY2024 gross earnings of NGN 4.88 trillion, up 88%, with profit after tax of NGN 642.2 billion and total assets expanding 55.5% to NGN 41.5 trillion.
Nordea Bank Reports Q1 2025 Net Profit of €1.234 Billion as Lower Deposit Margins Weigh on NII
Nordea's Q1 2025 net profit fell 9% year-on-year to €1.234B as deposit margin compression reduced net interest income, though the bank confirmed its full-year ROE guidance above 15%.
Citigroup Posts 21% Profit Rise in Q1 2025
Citigroup's Q1 2025 net income rose 21% year-on-year to $4.1bn, with revenues of $21.6bn, as operating expenses fell 5%.
Bank Muscat Records RO 58.56 Million Q1 2025 Net Profit, Up 8.0% Year-on-Year
Oman's largest bank by assets posted first-quarter 2025 net profit of RO 58.56 million, an 8.0% increase from RO 54.24 million in the same period of 2024.
Bank of America Reports Q1 2025 Net Income of $7.4 Billion as Net Interest Income Climbs
Bank of America reported Q1 2025 net income of $7.4 billion and EPS of $0.90, beating estimates, as net interest income rose 3% year on year to $14.4 billion.
PNC Financial Reports Q1 2025 Net Income of $1.5 Billion as NIM Expands and Commercial Loans Grow
PNC Financial posted Q1 2025 net income of $1.5bn (EPS $3.51), with net interest margin widening 3bps to 2.78% and CET1 rising to 10.6%.
Goldman Sachs Reports Q1 2025 Net Earnings of $4.74 Billion as Equities Revenue Surges 27%
Goldman Sachs posted Q1 2025 net revenues of $15.06 billion and net earnings of $4.74 billion, up 15% year on year, with equities trading rising 27% to $4.19 billion.
JPMorgan Chase Reports $14.6 Billion Q1 2025 Net Income with Record Equities Revenue
JPMorgan Chase posted Q1 2025 net income of $14.6 billion, EPS of $5.07 and a 21% ROTCE, with total revenue up 8% year-on-year to $46 billion.
Wells Fargo Posts Q1 2025 Net Income of $4.89 Billion, Beating Estimates Despite Fed Asset Cap
Wells Fargo reported Q1 2025 net income of $4.89 billion and EPS of $1.39, surpassing analysts' expectations while the Federal Reserve's asset cap remained in place.
Morgan Stanley Reports Record Q1 2025 Net Revenues of $17.7 Billion as Equities Trading Surges
Morgan Stanley posted record Q1 2025 net revenues of $17.7 billion, up 17% year on year, driven by record equities trading revenue of $4.1 billion amid global market volatility.
QNB Group Posts QAR 4.26 Billion Q1 2025 Net Profit as Assets Top $364 Billion
QNB Group's Q1 2025 net profit rose 3% year-on-year to QAR 4.26 billion, with total assets up 7% to $364 billion and loans growing 9%.