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| Brief Excerpt: | ...Net Income Mixed: Reported net income for the largest U.S. banks included in this report decreased in aggregate on a linked-quarter basis due to challenging revenue growth, higher provision expenses for some, and elevated legal and regulatory-related costs. This was partially offset by a continued focus on cutting costs and higher capital markets results. Around half of the banks reported higher earnings, with the other nine down on a linked-quarter basis. Mostly Clean Quarter: Core results for the top six U.S. banks, included in the table below, improved on average, from both the prior quarter and last year, despite a still challenging economic environment. Excluding Bank of America's (BAC) large one-time legal related items, results were fairly clean, with little impact from noncore items. Revenue Headwinds Continue: Almost all banks reported lower spread income in 1Q14 partially due to the lower days in the quarter, but also representative of the continuing low interest rate environment... |
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| Report Type: | |
| Company(ies) | Wells Fargo & Company
, State Street Corporation
, SunTrust Banks, Inc.
, Keycorp
, Huntington Bancshares Inc.
, FIRST HORIZON CORP
, JPMorgan Chase & Co
, Bank of New York Mellon Corp/The
, Bank of America Corporation
, Fifth Third Bancorp
, U.S. Bancorp
, MUFG Americas Holdings Corporation
, Capital One Financial Corporation
, PNC Financial Services Group Inc.
, Zions Bancorp NA
, Citigroup Inc.
, Comerica Inc.
, Northern Trust Corporation
, Astoria Financial Corporation
, Synovus Financial Corporation |
| Ticker(s) | AF
, BAC
, BBT
, BK
, BOKF
, C
, CMA
, COF
, FHN
, FITB
, FNFG
, HBAN
, HBHC
, JPM
, KEY
, NTRS
, NYCB
, PBCT
, PNC
, PP4A |
| Issuer | People's United Financial
, Inc. |
| Format: | | PDF |  |
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