Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Fifth Third Bancorp Reports Q3 2024 Net Income of $573 Million, Raises Dividend 6%
Fifth Third Bancorp earned $573 million in Q3 2024, with NII rising 2% QoQ and Southeast deposits up 16% YoY, as the bank raised its quarterly dividend to $0.37 per share.
M&T Bank Reports Q3 2024 Net Income of $721 Million as Non-Interest Income Rises to $606 Million
M&T Bank reported Q3 2024 net income of $721 million, up 10% quarter-on-quarter, with non-interest income up 4% to $606 million and a net interest margin that expanded to 3.62%.
KeyCorp Reports Q3 2024 Net Loss of $447 Million After Securities Repositioning, Receives Scotiabank Investment
KeyCorp posted a Q3 2024 net loss of $447 million driven by a $918 million securities repositioning charge, while adjusted net income was $290 million and CET1 reached 10.8%.
Huntington Bancshares Reports Q3 2024 Net Income of $517 Million with Expanding NII and Deposit Growth
Huntington Bancshares posted Q3 2024 net income of $517 million and ROTCE of 16.2% as net interest income grew 3% sequentially and average deposits rose by $2.9 billion.
Nordea Posts Q3 2024 Operating Profit of €1.634 Billion, Weighed by US Regulatory Settlement
Nordea reported Q3 2024 operating profit of €1.634 billion, down 5% year-on-year, after absorbing a €32 million charge from a settlement of a US regulatory investigation.
Citizens Financial Group Posts Q3 2024 Net Income of $382 Million as Fee Income Offsets NII Decline
Citizens Financial Group reported Q3 2024 net income of $382 million ($0.77 per share) as non-interest income growth partly offset a 10% year-on-year decline in net interest income.
Morgan Stanley Posts Q3 2024 Revenues of $15.4 Billion with ROTCE of 17.5%
Morgan Stanley reported Q3 2024 net revenues of $15.4 billion, up 16% year-on-year, with record Wealth Management revenues of $7.3 billion and ROTCE of 17.5%.
Bank of America Q3 2024 Net Income Reaches $6.9 Billion as Investment Banking and NII Recovery Lift Results
Bank of America reported Q3 2024 net income of $6.9bn on revenues of $25.3bn, with investment banking fees up 18% and NII rising 2% from the prior quarter.
Goldman Sachs Reports Q3 2024 Net Revenues of $12.7 Billion with Record Assets Under Supervision
Goldman Sachs posted Q3 2024 net revenues of $12.7 billion, up 7% year-on-year, with EPS of $8.40 and record assets under supervision of $3.1 trillion.
Citigroup Q3 2024 Net Income of $3.2 Billion Beats Estimates as Revenue Rises Under Fraser Transformation
Citigroup posted Q3 2024 net income of $3.2bn, EPS $1.51 versus $1.31 expected, as revenues of $20.3bn surpassed the prior-year quarter under CEO Jane Fraser's overhaul.
Wells Fargo Posts Q3 2024 Net Income of $5.1 Billion as Fee Income Partly Offsets Pressure on Interest Revenue
Wells Fargo reported Q3 2024 net income of $5.1bn, EPS $1.42 and ROE 11.7%, as 12% year-on-year growth in non-interest income partly offset an 11% annual decline in net interest income.
JPMorgan Chase Reports Q3 2024 Net Income of $12.9 Billion as Investment Banking Fees Climb
JPMorgan Chase posted Q3 2024 net income of $12.9 billion on managed revenue of $43.3 billion, with AUM reaching $3.9 trillion as investment banking fees rose 31% year-on-year.