Bank Earnings

MainStreet Bancshares Reports Strong First Quarter 2021 Results

MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, reported net income of $ 5.5 million for the first quarter of 2021. Net income of $ 5.5 million represents an average return on equity (ROA) of 12.95%, an average return on assets of 1.32% and $ …

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ABN Amro may absorb compliance regulation but profit under pressure – analysts

ABN AMRO Bank NV is well positioned to absorb 480 million euros anti-money laundering regulation, but is expected to struggle against profitability in 2021 amid restructuring and the impact of COVID-19, analysts say. The Netherlands’ third-largest bank said on April 19 that it had accepted the Dutch prosecution’s offer to …

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4 things we learned from Goldman Sachs record first quarter results

Goldman Sachs (NYSE: GS) Expectations were shattered when he announced his first quarter results last week. The bank posted stellar profits thanks to an improving economy that allowed it – along with many other big banks – to reduce its provisions for credit losses, or the reserves it built up …

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Investors seek answers on Archegos, Greensill

The logo of Swiss bank Credit Suisse can be seen at its headquarters in Zurich, Switzerland on March 24, 2021. Arnd Wiegmann | Reuters After soaring earnings beats from rivals on Wall Street, Credit Suisse is expected to report a large loss on Thursday as it navigates the fallout from …

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Analysis: the bond windfall of American banks driven by extraordinary market conditions, regulatory decisions

WASHINGTON (Reuters) – The record-breaking Wall Street bank bond offerings in recent days are driven by a combination of extraordinary market conditions and regulatory decisions that can be attributed to the government’s relief efforts in pandemic cases, analysts said. FILE PHOTO: Traders watch screen showing Federal Reserve Chairman Jerome Powell’s …

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Cashmere Valley Bank Reports Quarterly Profit of $ 7.3 Million

CASHMERE, WA / ACCESSWIRE / April 20, 2021 / Cashmere Valley Bank (OTCQX: CSHX) (“Bank”), reported quarterly profit of $ 7.3 million for the quarter ended March 31, 2021. Diluted earnings per share was $ 1.84, an increase of $ 0.47 per share, or 34.0%. As of March 31, 2021, …

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Finance down after the profits of regional banks – Financial overview

Shares of banks and other financial institutions fell sharply after regional bank profits. Shares of Fifth Third Bancorp fell after the regional bank forecast continued growth in consumer deposits. KeyCorp shares fell after posting lower earnings than some investors expected. The actions of rivals such as PNC Financial fell in …

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Banks regained mortgage market share in Q1, early results show

The quarter-over-quarter increase in mortgage start-ups at eight banks exceeded expectations for the industry as a whole, suggesting the segment is regaining market share, according to a Keefe, Bruyette & Woods report. Q1 combined volume increased 3% from Q4 and 21% from Q1 2021 in the group of eight banks …

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Muncy Bank Financial, Inc. announces its earnings

MUNCY, PA – (BUSINESS WIRE) – Muncy Bank Financial, Inc., (OTC: MYBF), the parent company of The Muncy Bank and Trust Company (“Bank”), has released its unaudited consolidated financial results for the quarter ended March 31, 2021. Financial highlights Financial highlights for Muncy Bank Financial, Inc. as of and for …

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Thanks to recent banking profits, this ETF has grown 260% in the past year

Almost 70% over the year, the Direxion Daily Financial Bull 3X ETF (FAS) heading higher thanks to a positive week of banking results. Significant holdings of FAS include JP Morgan and Bank of America. Both banks have exceeded Wall Street expectations in terms of earnings per share and revenue. JP …

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