Textron reported finance segment profit in Q3 and YTD of $28 million and $62 million, respectively, compared to segment losses for the same periods in 2011. Textron noted finance group assets of $2.4 billion were down from $3.2 billion at YE 2011. read more

OCT 18, 2012 - 7:10 am

Bank of America reported third quarter net income of $340 million compared to $6.2 billion in the third quarter one year-ago. The bank noted that it "continues to clean up legacy issues." read more

OCT 17, 2012 - 7:30 am

U.S. Bancorp reported record net income of $1.5 billion for the third quarter, up 15.8% from same quarter in 2011. The bank said earnings were driven by record total net revenue of $5.2 billion. read more

OCT 17, 2012 - 7:25 am

PNC Financial reported Q3 net income of $925 million was up 11% from $834 million in the same quarter one-year ago. Revenue for the quarter was $4.1 billion, up from $3.5 billion in 2011. read more

OCT 16, 2012 - 7:20 am

Somerset Capital Group said it closed on a record quarter ending for new lease originations and established a new funding facility and non-recourse relationship with an international lender. read more

OCT 16, 2012 - 7:00 am

Citigroup reported net income for Q3/12 of $468 million, down from $3.8 billion in the same period in 2011. Earnings were negatively impacted by a $4.7 billion pre-tax loss on its Morgan Stanley Smith Barney joint venture. read more

OCT 15, 2012 - 9:15 am

Wells Fargo reported record third quarter 2012 net income of $4.9 billion, up from $4.1 billion a year ago. YTD net income of $13.8 billion was up from $11.8 billion for the same period in 2011. read more

OCT 15, 2012 - 7:10 am

JPMorgan Chase reported record net income for the third quarter 2012 of $5.7 billion, up from $4.3 billion a year earlier. Earnings per share were a record $1.40 versus analysts’ estimates of $1.21. read more

OCT 12, 2012 - 7:35 am

De Lage Landen said it has grown its portfolio in the first six months of 2012 to $38.4 billion. DLL said global portfolio growth is mainly due to the performance of its vendor finance division. read more

SEP 6, 2012 - 7:25 am

HP announced a Q3 $8.9 billion loss as earnings were impacted by impairment and restructuring charges of $10.8 billion. HP noted its HP Financial unit YTD pre-tax earnings of $284 million was up from $250 million one-year ago. read more

AUG 23, 2012 - 7:30 am

Chesswood Group said its net income more than doubled for Q2/12, compared to Q2/11, reflecting continued growth in Pawnee Leasing's portfolio along with excellent portfolio performance. read more

AUG 8, 2012 - 7:15 am

ePlus said net earnings for its first fiscal quarter 2013 increased 117.7% to $8.1 million, up from $3.7 million in the prior year’s quarter. The company noted that its financing business segment pre-tax earnings were up from $2.3 million to $2.7 million. read more

AUG 7, 2012 - 7:15 am

Marlin Business Services said Q2 net income and new originations were up 95% and 49% year/year, respectively. Marlin noted that driving its attractive margins was the company's cost of funds, which improved from 3.49% in Q2/11 to 1.72% in the most recent quarter. read more

AUG 3, 2012 - 7:30 am

Resource America reported that LEAF Commercial Capital, the company’s equipment leasing joint venture, increased its origination volume by 110% during the fiscal Q3 compared to the same period one-year ago. read more

AUG 3, 2012 - 7:30 am

AIG said its ILFC aircraft leasing business Q2 operating income of $88 million was up from $86 million, despite an impairment charge of $75 million, principally related to aircraft returned early from lessees. read more

AUG 3, 2012 - 7:00 am