Recent Earnings

JPMorgan Reports 31% Increase in Quarterly Profit

JPMorgan Chase reported net income of $6.5 billion for Q2/13, compared with net income of $5 billion in Q2/12. read more

Fleet Financing H1/13 Funding Volume up 26%

Fleet Financing Resources said its total funded volume of $26.5 million for the first six months ending June 30, 2013, was an increase of 26% over prior year results. read more

Dell Reports 79% Q/1 Profit Drop; PC Sales Shrink

Dell reported fiscal 2014 first quarter GAAP net income was $130 million, down 79% from $635 million a year earlier. Dell said end user computing revenue was $8.9 billion, a 9% drop from the same quarter a year earlier. read more

Element Financial Continues Growth Trajectory in Q1

Element Financial reported total assets increased to $1.8 billion during Q1/13, up from $1.5 billion and $359 million in Q4/12 and Q1/12, respectively. The company said Q1 origination volume of $296 million was up 27% sequentially. read more

Air Lease Q1 Earnings Surge 49% on Higher Revenues

Air Lease reported Q1/13 revenues and net income of $192 million and $40 million, respectively were up 45% and 49% from $133 million and $27 million in the same quarter a year earlier. read more

Willis Q1 Earnings Hurt by Lower Gains on Equipment Sales

Willis Lease Finance reported Q1/13 earnings of $1.6 million, down from $2.5 million in the like quarter a year ago. The company said the drop in earnings was primarily due to reduced gains from the sale of leased equipment. read more

PHH Reports Lower Y/Y Fleet Management Profit

PHH said in Q1/13, Fleet Management Services segment profit was $21 million, up $1 million from Q4/12, but down from $3 million for the same quarter one-year ago. read more

CNH Capital Q1 Earnings Up on Larger Portfolio, Higher Margins

CNH Global said its North American financial services subsidiary, CNH Capital Q1/13 net income was $63 million, up 11% from $57 million in Q1/12. CNH said earnings were up due to a higher average portfolio and stronger financial margins. read more

Hertz Equipment Rental Revenues Up on Stronger Volume

Hertz Equipment Rental reported that worldwide equipment rental revenues were $351 million in Q1/13, a 16.2% increase from the prior year period. Hertz said the primary driver were stronger volumes and increase in pricing. read more

Pawnee Leasing Attains 'Meaningful Milestones' in Q1/13

Chesswood Group said its income before taxes and unrealized gains was up by more than 20% in Q1/13. Chesswood said its Pawnee Leasing saw another record quarter for new business originations. read more

Volvo Q1 Financing Volume Lower; Income Up on Higher Margins

Volvo reported that its finance business Q1/13 new financing volume was $1.38 billion, down from $1.57 billion in Q1/12. Volvo said operating income of $57.7 million was up from $50.6 million driven mainly by stronger margins. read more

Regions Q1 Earnings Rise 68% on Cost Cuts, Loss Provisions

Regions Financial reported Q1/13 net income of $335 million was up more than 68% compared to $199 million in Q1/12. The bank noted declines in non-interest expense and provision charges of $71 million and $107 million, respectively as contributing factors. read more

CIT Swings to Q1 Profit, But Misses Estimates

CIT Group reported Q1/13 net income of $163 million, $0.81 per share compared to a net loss of $427 million in Q1/12. Analysts polled by Thomson Reuters expected EPS of $0.89. read more

Caterpillar Q1 Profit Shrinks 45%; Lowers Outlook

Caterpillar reported Q1/13 revenues and profit of $13.21 billion and $880 million, respectively down 17% and 45% from $15.98 billion and $1.59 billion in Q1/12. The company said it is re-forecasting revenue of $57 billion to $61 billion, down from $60 billion to $68 billion. read more

Signature Bank Reports Record Q1 Earnings

Signature Bank announced net income in Q1/13 reached a record $50.6 million, up 19% from $42.4 million in Q1/12. The bank said the increase was fueled by growth in average interest-earning assets. read more

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Terry Mulreany
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