The fourth-quarter financial results of financial institutions have been released. Goldman Sachs Group Inc., Bank of America Corp., and Charles Schwab Corp. are just a few of the nation’s top financial institutions. After Goldman Sachs and Charles Schwab missed expectations for the fourth quarter, their shares fell. On Wednesday, January 19, Bank of America’s pre-market trading surged more than 4% after the company reported strong profit results.
Insider Monkey discusses the 10 key earnings reports from the financial sector. First Midwest Bancorp, Inc. shares were slightly lower on Tuesday, January 18, after the company reported fourth-quarter earnings that were lower than expected. Shareholders of the Illinois-based bank saw adjusted earnings of 41 cents per share, which was lower than the 44 cents expected by analysts. In the post-hours trading session on Tuesday, Pinnacle Financial Partners, Inc. saw its shares rise nearly four percent in value. The earnings per share came in at $1.58, well above the average estimate of $1.58 and revenue of $35.460 million made by analysts. When it comes to the fourth quarter, Hancock Whitney Corporation had a mixed bag of results. On revenue of $318.9 million, the Mississippi-based bank reported adjusted earnings of $1.51 per share. Sequentially, net interest income decreased by 2%, but year-over-year, it increased by 4%. When it comes to the fourth quarter, Hancock Whitney Corporation had a mixed bag of results. On revenue of $318.9 million, the Mississippi-based bank reported adjusted earnings of $1.51 per share. Sequentially, net interest income decreased by 2%, but year-over-year, it increased by 4%. A 25 percent drop in Silvergate Capital Corporation shares on Tuesday sent the company’s stock to a near four-month low. The fourth-quarter profit for the company was lower than expected. A total of $13.3 billion has now been deposited by digital currency users on an average basis. For more details, click the 10 Key Earnings Reports From The Financial Sector.
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