US Stock Reports, Quotes and News
Cathay General Bancorp (NASDAQ:CATY) experienced a 13.4% decrease in net income during the first quarter of 2024, reporting $71.4 million, as revealed in their recent earnings call. The decline was attributed to a mark-to-market loss from equity securities and an increased FDIC special assessment. Despite a decrease in total gross loans, the bank saw a significant increase in total deposits.
HDFC Bank Q4 Result Preview: HDFC Bank likely to post strong YoY net profit growth for March 2024 quarter, supported by treasury income gains. Earnings release is expected to reveal increased net interest income, deposit mobilization focus, and stable asset quality.
(Reuters) -KeyCorp and Comerica (NYSE:CMA) are expecting a fall in interest income in 2024 as higher borrowing costs temper loan demand, they said on Thursday, echoing fears flagged by bigger U.S. lenders this earnings season.
(Reuters) – PNC Financial (NYSE:PNC) Services reported a 21% fall in first-quarter profit on Tuesday, hurt by lower interest income as the lender paid more to hold customer deposits in a high interest rate environment.
Wells Fargo\’s profit fell 7% in the first quarter as it became more costly to pay customers for deposits and demand from borrowers declined, the bank reported on Friday.