Company Reports

Results driven by newly acquired Macquarie Equipment Finance, organic C&I, auto, and residential mortgage.  Consumer lending to be future growth driver as it pulls back from competitive & higher risk C&I lending. HBAN Huntington

Fresh off its dismissal of former CEO Jenkins, Barclays presented a more upbeat view and posted positive results across most business units. We wonder if more financial statement shoes are to drop when a new CEO is announced.

Ally has accomplished a great deal since it left GM’s orbit during the credit crisis.  Capital is very strong and credit quality is very good.  It has done an enviable job establishing its non-branch and online deposit base. 

Goldman provided more details on its funding, liquidity and capital metrics. It views the CCAR stress test as binding constraint and therefore stockpiles capital in excess of buffer. Level III assets still much of a mystery. GS GS GS

UBS’ franchise led by wealth management with its recurring earnings power; though still in restructuring mode for other key business units. ubs ubs ubs

With its change in leadership, DB’s new CEO seems to have the right idea on more proactively increasing leverage capital, reducing the balance sheet & operating costs and establishing more of a sharper strategic focus. More details to come in October. DB DB DB deutsche deutsche deutsche

Significant YoY net income decline and substantial increase in provisions offset revenue growth.  COF is well capitalized and continues to diversity its portfolio. COF COF COF

Business growth in custody and asset management provided earnings lift.  Excess deposits still growing despite higher charges.  FX legal accruals weighed on results for fourth straight quarter.  Remixing investment portfolio for capital, liquidity and profitability purposes.

Even with strong segment growth across USCS, ICS and GNMS, AXP seeks to regain footing post-Costco divesture; positive traction in rewards programs brewing. 

​Discover had the card growth field wide open following the credit crisis years which led to strong volumes and loan growth. But competition is heating up, especially in its Cash Back category, just as compliance costs ramp up too.