PNC Bank Revenue Grew 11% Boosted by the BBVA USA Acquisition.

PNC Financial reported first quarter earnings before the bell on Thursday along with Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup.  $PNC earnings fell 22% to $1.43 billion from $1.83 billion last year but beat analysts expectations. Revenue rose 11% for the quarter to $4.69 billion bolstered by PNC’s acquisition of BBVA USA. PNC Financial Services Group Inc NYSE: PNC · Reported Before Open Thursday $3.23 EPS Beat $2.77 Expected AND $4.69 Billion Missed $4.72 Billion Revenue Forecast PNC Q1 … Continue reading “PNC Bank Revenue Grew 11% Boosted by the BBVA USA Acquisition.”

SoFi Pays $1.1 Billion for Banking Software Infrastructure Firm Technisys

In an all-stock deal SOFI hoping to revamp the student lender into a full-service bank. SoFi Technologies (SOFI) is acquiring banking-software maker Technisys SA for about $1.1B in an all-stock deal. SOFI is trading $11.39▼ 0.79 (-6.49%) pre-market. SoFi Technologies Inc. is buying banking-software maker Technisys SA for about $1.1 billion, the latest in a string of deals designed to transform the lender into a one-stop financial shop. Last month, the company received an approval to become a national bank through its proposed acquisition of Golden Pacific … Continue reading “SoFi Pays $1.1 Billion for Banking Software Infrastructure Firm Technisys”

Blackrock Earnings Continue To Build With Assets and ETFs Under Management

Blackrock report  third quarter earnings before the bell Wednesday. $BLK income from it’s ETF and investment management income continues to soar with over $9 trillion in total assets under management. They report ahead of  Goldman Sachs $GS,  Wells Fargo $WFC and after JPMorgan $JPM.

PNC Bank Revenue Growth Consolidating with BBVA and The Yield Curve

PNC Financial report third quarter earnings before the bell on Friday along with Goldman Sachs.  $PNC closed the BVA USA Bancshares acquisition June 1 and is the biggest driver of balance sheet growth this year. The Bank report after Citigroup, Bank of America, Wells Fargo, Morgan Stanley and JPMorgan

PNC Bank Revenue Growth Reflecting BBVA Acquisition and Strong Organic Fee Growth

PNC Financial reported better than expected second quarter earnings before the bell on Wednesday. $PNC closed the BVA USA Bancshares acquisition June 1 and is the biggest driver of balance sheet growth this year. The Bank reported after Citigroup, Goldman Sachs, Citigroup, Wells Fargo  and JPMorgan

Blackrock Earnings Soar As Assets Under Management Rose to Record $9 Trillion

Blackrock reported better than expected first quarter earnings before the bell on Thursday. $BLK saw higher income from it’s ETF and investment management income, reporting after Goldman Sachs $GS,  Wells Fargo $WFC and JPMorgan $JPM. BlackRock closed the quarter with over $9 trillion in total assets under management.

PNC Bank Earnings Beat Ahead of Completing BBVA USA Bancshares Acquisition

PNC Financial reported better than expected first quarter earnings before the bell on Friday. $PNC saw higher interest income and a rise in non-interest income,  The Bank reported after Citigroup, Goldman Sachs, Citigroup, Wells Fargo  and JPMorgan

PNC Bank Earnings Improve As It Hits Record Capital and Liquidity

PNC Financial reported better than expected fourth quarter earnings before the bell on Friday. $PNC saw higher interest income and a rise in non-interest income, reporting after Citigroup,  Wells Fargo $WFC and JPMorgan $JPM. The bank released around $254 million linked to the release of previous credit loan provisions;

Bank of America Invests In Largest African American Bank Carver Bancorp In Private Placement

Carver Bancorp announced Tuesday that it entered in a deal with Bank of America subsidiary, Banc Of America Strategic Investments Corporation, Carver stock $CARV was boosted last week with the news JP Morgan would be looking to lend $30 billion to minorities.