Latest Earnings News

Mercantile Bank: Q2 Earnings Snapshot

Jul. 16, 2024 05:13 AM EDT

GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Mercantile Bank Corp. (MBWM) on Tuesday reported second-quarter profit of $18.8 million. The Grand Rapids, Michigan-based bank said it had earnings of $1.17 per share. The results met Wall Street expectations....

Goldman Sachs profits more than double in second quarter as dealmaking comes back on Wall Street

Jul. 15, 2024 18:38 PM EDT

NEW YORK (AP) — Goldman Sachs is posting a 150% jump in second quarter profits Monday, helped by a resurgence of dealmaking and underwriting that has revived investment banking after the slowdown of the previous couple years. The New York investment bank posted net earnings of...

FB Financial: Q2 Earnings Snapshot

Jul. 15, 2024 16:28 PM EDT

NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — FB Financial Corp. (FBK) on Monday reported second-quarter earnings of $40 million. The bank, based in Nashville, Tennessee, said it had earnings of 85 cents per share. Earnings, adjusted for non-recurring gains, came to 84 cents...

CrossFirst: Q2 Earnings Snapshot

Jul. 15, 2024 16:24 PM EDT

LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — CrossFirst Bankshares Inc. (CFB) on Monday reported second-quarter profit of $18.6 million. The bank, based in Leawood, Kansas, said it had earnings of 37 cents per share. The results surpassed Wall Street expectations. The...

Macy's ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing

Jul. 15, 2024 16:18 PM EDT

Macy's is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing. In announcing the end of negotiations on Monday, Macy’s alleged that Arkhouse Management and Brigade Capital Management did not meet...

BlackRock: Q2 Earnings Snapshot

Jul. 15, 2024 06:12 AM EDT

NEW YORK (AP) — NEW YORK (AP) — BlackRock Inc. (BLK) on Monday reported second-quarter earnings of $1.5 billion. On a per-share basis, the New York-based company said it had net income of $9.99. Earnings, adjusted for amortization costs and costs related to mergers and...

Big bank quarterly results show signs of consumers slowing down spending

Jul. 12, 2024 11:23 AM EDT

NEW YORK (AP) — Signs of consumers slowing down their spending and falling behind on their bills weighed down shares of the big banks on Friday. JPMorgan Chase and Wells Fargo saw their adjusted profits fall, while Citigroup saw sluggish spending on its credit cards. The major...

Citigroup: Q2 Earnings Snapshot

Jul. 12, 2024 08:15 AM EDT

NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Friday reported second-quarter profit of $3.22 billion. The bank, based in New York, said it had earnings of $1.52 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts...

Wells Fargo: Q2 Earnings Snapshot

Jul. 12, 2024 06:56 AM EDT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Wells Fargo & Co. (WFC) on Friday reported second-quarter earnings of $4.91 billion. The bank, based in San Francisco, said it had earnings of $1.33 per share. The results beat Wall Street expectations. The average...

Unity Bancorp: Q2 Earnings Snapshot

Jul. 12, 2024 06:20 AM EDT

CLINTON, N.J. (AP) — CLINTON, N.J. (AP) — Unity Bancorp Inc. (UNTY) on Friday reported net income of $9.5 million in its second quarter. The Clinton, New Jersey-based bank said it had earnings of 93 cents per share. The bank holding company posted revenue of $40...