| | |
| Brief Excerpt: | ...Mixed Bottom-Line Results: Bottom-line results for the 19 large U.S. banks included in this report were mixed on a quarter-over-quarter basis during 4Q18. As shown below, eight of the 19 banks reported returns on average assets (ROAs) lower than in the prior quarter. Tax reform affected 4Q17 results, thus year-over-year comparisons related to bottom-line performance are not as applicable this quarter. Fitch Ratings notes that bottom-line returns continue to be structurally higher overall due to lower effective tax rates for the industry. Conversely, quarter-over-quarter (QoQ) earnings declines primarily resulted from higher expenses related to technology and longer-term efficiency plans as well as modest loan loss allowance builds amid the ongoing, benign credit environment. JP Morgan Chase & Company (JPM) had one of the more notable reserve builds during the quarter, particularly in its commercial banking segment, where it had its highest provision since 1Q16 during the energy downturn.... |
| | |
| Report Type: | |
| Company(ies) | Wells Fargo & Company
, State Street Corporation
, State Street Bank and Trust Company
, SunTrust Banks, Inc.
, Merrill Lynch & Co/USA
, MORGAN GUARANTY TRUST CO OF NEW YORK ET AL
, Keycorp
, Huntington Bancshares Inc.
, Wachovia Corporation
, Bank of New York Mellon Corp/The
, Bank of America Corporation
, SunTrust Banks Inc
, Wells Fargo Bank, National Association
, BNY Mellon National Association
, Associates First Capital Corporation
, Bank of America NA
, The Bank of New York Mellon
, Wachovia Bank, N.A.
, Merrill Lynch & Co., Canada Ltd.
, The Goldman Sachs Group, Inc. |
| Ticker(s) | BAC
, BBT
, BHW
, BK
, C
, CFG
, COF
, CpN
, FITB
, GS
, GSBD
, HBAN
, KEY
, MS
, MTB
, PNC
, RF
, STI
, STT
, USB |
| Issuer | ZAO Citibank |
| Format: | | PDF |  |
|
| |
