Volvo reported that its Volvo Financial Services unit’s new financing volume in Q2/14 was $2.03 billion, up from $1.71 billion or about 18.8% compared to the same period a year ago. read more

JUL 22, 2014 - 7:24 am

GE announced that its GE Capital Q2/14 segment profit of $1.70 billion was down 5% from $1.79 billion a year earlier. Commercial Lending and Leasing segment earnings of $541 million, was down 34% from $825 million in Q2/13. read more

JUL 21, 2014 - 7:54 am

Huntington Bancshares reported Q2/14 net income of $165 million, up 9% from $151 million a year earlier. The bank noted average loan growth was $3.7 billion or 9% year/year. read more

JUL 21, 2014 - 7:53 am

KeyCorp said Q2/14 net income of $242 million was up 25.4% from $193 million in Q2/13. The bank noted the yield on lease financing average balances in Q2 was 3.54%, down from 3.96% a year earlier. read more

JUL 18, 2014 - 7:33 am

MicroFinancial reported Q2/14 contract originations increased 16.3% to $27.8 million. The company said it approved over 410 new dealers and brokers for the quarter, which represents an increase of 41.9%. read more

JUL 17, 2014 - 7:09 am

PNC Financial Services reported Q2/14 net income of $1.1 billion, or $1.85 per diluted share, compared with net income of $1.1 billion in Q2/13. Analysts polled by Thomson Financial expected Q2 EPS of $1.78. read more

JUL 17, 2014 - 7:04 am

Bank of America reported Q2/14 net income of $2.3 billion was down 43% from net income of $4.0 billion in the year-ago period. The bank said Q2 results included litigation costs of $4.0 billion read more

JUL 16, 2014 - 7:43 am

JPMorgan Chase reported Q2/14 net income of $6.0 billion, down from $6.5 billion or 8% compared the same quarter of 2013. Earnings per share were $1.46, compared to analysts’ expectations of $1.29. read more

JUL 15, 2014 - 8:02 am

Citigroup reported Q2/14 net income of $181 million compared to net income of $4.2 billion a year earlier. Citi noted the Q2 results included the impact of a $3.7 billion after-tax charge to settle RMBS and CDO-related claims. read more

JUL 14, 2014 - 4:01 pm

Wells Fargo reported Q2/14 net income of $5.7 billion was up from $5.5 billion in Q2/13. The bank noted a Q2/14 provision for credit losses of $217, which was down $435 million from $652 million reported in Q2/13. read more

JUL 14, 2014 - 7:06 am

HP reported its HP Financial Services unit fiscal Q2 financing volume was up 12% year-over-year. HP CEO Meg Whitman noted the company is planning to eliminate up to 16,000 employees on top of the 34,000 already announced. read more

MAY 23, 2014 - 7:10 am

The Equipment Finance Division of Sterling National Bank reported it finished Q1/14 with $107 million in gross funding, the largest quarterly funded amount in the history of the division. read more

MAY 20, 2014 - 7:32 am

Element Financial reported Q1/14 originations of $1.1 billion contributing to a 27% increase in the company’s total earning assets to $3.8 billion versus $3.0 billion at year-end 2013. read more

MAY 14, 2014 - 7:21 am

Commercial aircraft lessor FLY Leasing said Q1/14 net income was $3.6 million, down from $32.8 million a year earlier. The company said Q1/13 results benefitted from much higher end-of-lease income. read more

MAY 9, 2014 - 7:21 am

NewStar Financial reported that Q1/14 new funded loan volume was $275 million, up 90% from $145 million in the first quarter of 2013. The company said the increase was driven by increasing middle market M&A activity. read more

MAY 8, 2014 - 7:24 am