GE reported GE Capital Q2/17 segment earnings from GE Capital Aviation Services, Energy Financial Services and Industrial Finance was $605 million, up 6.7% from $567 million a year earlier. read more

JUL 24, 2017 - 7:17 am

KeyCorp reported Q2/17 net income of $393 million was up from $193 million a year earlier. Key noted net interest income included $100 million of purchase accounting accretion related to the acquisition of First Niagra. read more

JUL 21, 2017 - 7:02 am

In GATX’s Q2/17 earnings report, President and CEO Brian Kenney noted the recovery of the North American railcar leasing market “continues to be hampered by a significant oversupply of existing railcars.” read more

JUL 21, 2017 - 6:33 am

U.S. Bancorp reported Q2/17 net income was 1.4% lower compared to the same quarter in 2016 despite record revenue. Lease financing average loans of $5.6 billion were up 6.1% from $5.3 billion a year earlier. read more

JUL 20, 2017 - 6:11 am

Signature Bank reported Q2/17 net income was $14.0 million compared to $102.2 million in Q2/16. The bank noted the decline resulted from an increase of $154.3 million in loan losses nearly all attributable to the NYC taxi medallion portfolio. read more

JUL 19, 2017 - 7:23 am

Bank of America reported Q2/17 net income of $5.3 billion, up 10% from $4.8 billion a year earlier. Earnings per share of $0.46 exceeded analysts polled by Thomson Reuters of $0.43 EPS. read more

JUL 19, 2017 - 7:07 am

IBM reported its Q2/17 Global Financing business revenue of $415 million, financing receivables of $25.9 billion and gross profit margin of 30.8% were lower compared to the same quarter in 2016. read more

JUL 19, 2017 - 6:44 am

Wells Fargo reported lease financing average balances of $19.06 billion in H1/17 were up 12.1% from $17.0 billion for the same period a year earlier. The average yield of 4.88% compared to 4.95% in H1/16. read more

JUL 17, 2017 - 7:08 am

SMBC Aviation Capital reported operating profit was up 25% to $661 million from $1,046 million a year earlier. Pre-tax profit for the 12 months ended March 31, 2017 was $346 million, up 48% from $233 million in 2016. read more

JUN 12, 2017 - 5:56 am

Hewlett Packard Enterprise reported its Financial Services revenue of $872 million in fiscal Q2/17 was up 11% from $788 million a year earlier. Pretax earnings of $78 million were up from $73 million in fiscal Q2/16. read more

JUN 1, 2017 - 7:33 am

MidAtlantic Farm Credit reported a net income of $57.3 million in 2016, up from $53.1 million in 2015. The company’s loan portfolio also increased from $2.46 billion in 2015 to $2.6 billion. read more

MAY 26, 2017 - 6:47 am

Deere announced net income was $802.4 million Q2/17, up 62% from $495.4 million a year earlier. The company noted that it has raised its forecast and is now calling for significantly higher earnings for the full year. read more

MAY 22, 2017 - 8:07 am

ECN Capital reported originations for Q1/17 were $398.2 million versus $477.3 million for the same period last year. ECN noted that its Canadian commercial and vendor originations were up 62% year/year. read more

MAY 12, 2017 - 7:51 am

Element Fleet Management reported Q1/17 finance assets were $11.1 billion, up from $10.9 billion sequentially. The company noted originations of $1.24 billion “were in line with the prior quarter." read more

MAY 11, 2017 - 7:56 am

OnDeck reported a Q1/17 net loss of $11.1 million despite a gross revenue increase of $30.3 million, which was partially offset by loan loss charges of $46.2 million, up from $25.4 million in Q1/16. read more

MAY 10, 2017 - 6:26 am