Recent Earnings

Caterpillar Raises Expectations on Higher Q1 Results

Caterpillar reported Q1/17 sales and revenues of $9.8 billion were up 3.8% compared to Q1/16. As a result of a stronger than expected start to the year, CAT increased its expectations for full-year 2017 sales and revenues. read more

Cat Financial Reports 2% Increase in Q1/17 New Business Volume

Cat Financial reported that during Q1/17 retail new business volume was $2.34 billion, an increase of $47 million, or 2%, from Q1/16. read more

CIT Q1 Earnings from Continuing Operations Up 28%

CIT reported Q1/17 net income from continuing operations was $78 million, up 28% from $61.0 million a year earlier. Provision for credit losses in Q1/17 was down 44.5% from $89.5 million a year earlier. read more

United Rentals Reports Q1/17 Revenue Increase, Updates 2017 Outlook

United Rentals reported total revenue of $1.356 billion and rental revenue of $1.166 billion for Q1/17, compared with $1.310 billion and $1.117 billion, respectively, for the same period last year. read more

GATX Reports Q1 Earnings Slip on Railcar Oversupply, Backlog

GATX reported Q1/17 net income of $57.5 million was down 17% from $69.3 million in Q1/16. The railcar lessor noted, “continued railcar oversupply, manufacturing backlog and low fleet utilization combined to prevent lease rate improvement in Q1.” read more

Key Reports 55.5% Increase in Q1/17 Operating Lease Assets

In its Q1/17 earnings release, KeyCorp reported operating lease assets of $563 million were up 55.5% from $362 million at the end of the same quarter in 2016. read more

U.S. Bancorp Reports Higher Q1 Earnings, Lease Financing Growth

U.S. Bancorp reported Q1/17 net income of $1,473 million was up 6.3% from the same quarter in 2016. Average lease financing loans of $5.46 billion in Q1/17 were up 4.1% from $5.24 billion in Q1/16. read more

Bank of America Beats Estimates, Q1 Y/Y Earnings Increase 40%

Bank of America reported net income was up 40% to $4.9 billion before preferred stock dividends. EPS of $0.41 exceeds analysis’ estimates of $0.35. read more

Wells Fargo Q1 Lease Financing Balances Up 26.7% Year/Year

Wells Fargo reported its lease financing average balances of $19,070 million in Q1/17 were up 26.7% compared to $15,047 million for the same quarter a year earlier. read more

PNC Financial Beats the Street on Higher Revenues, Earnings

PNC Financial reported Q1/17 revenue and net income was up 6.0% and 13.9%, respectively. Earnings per share of $1.96 exceeded analysis’ polled by Thomson Reuters of $1.83. read more

JPMorgan Q1 Earnings Increase on Higher Revenue, Lower Provisioning

JPMorgan Chase reported Q1/17 net income of $6.45 billion, up 17% from $5.52 billion a year earlier. The bank noted revenue was up $1.5 billion and provision charges were down 28% helped by oil and gas releases. read more

Ascentium Capital Reports 25.5% Y/Y Increase in Funded Volume in Q1/17

Ascentium Capital reported Q1/17 funded volume of $225.1 million, representing 25.5% growth year-over-year. The company also managed $1.6 billion in assets, representing a 37.7% increase year-over-year. read more

Fleet Financing Resources Reports 32% Origination Increase in 2016

Fleet Financing reported a 22% increase to $5.4 million in finance income as well as a 32% increase in origination volume for the fiscal year ended December 31, 2016. read more

Willis Lease Finance 2016 P/T Earnings Up 87.4% on Record Revenue

Willis Lease Finance reported 2016 pre-tax earnings of $23.9 million, up 87.4% from $12.8 million in 2015 on record revenue of $207.3 million. read more

FLY Leasing Q4/16, FY Loss Driven Primarily by Impairment Charges

FLY Leasing reported a Q4/16 and FY net loss of $63.8 million and $29.1 million driven by non-cash impairment charges taken on older, out-of-production wide-body aircraft. read more

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