U.S. Bancorp said third-quarter 2011 net income was a record $1.27 billion, up over 40% compared to the same quarter in 2010. The bank said earnings were driven by year-over year growth in net revenue and a reduction in provision for credit losses. read more

OCT 19, 2011 - 9:29 am

PNC Financial reported third-quarter net income of $834 million, down from $1.1 billion in the same year-ago period. Last year's earnings included a $328 million after-tax gain on the sale of PNC Global Investment Servicing. Loan loss charges were down 46% compared to last year. read more

OCT 19, 2011 - 8:25 am

Textron reported third-quarter and YTD finance segment losses were lower compared to the same periods last year. Finance receivables ended the quarter at $3.5 billion. Textron also said its Cessna unit delivered 47 new Citation jets in the quarter, up from 26 deliveries in last year's third quarter. read more

OCT 19, 2011 - 8:10 am

Bank of America reported third-quarter net income of $6.2 billion compared to a net loss of $7.3 billion in the year-ago period. Results were affected by fair value adjustments, a gain on sale of shares to China Construction Bank and substantially lower credit costs. read more

OCT 18, 2011 - 9:20 am

Citigroup reported net income was 74% higher that the prior year period as total cost of credit during the quarter fell 43% driven by a significant decline in net credit losses to $4.5 billion and a $1.4 billion reserve release. read more

OCT 18, 2011 - 8:25 am

Wells Fargo reported record net income of $4.1 billion for the third quarter, up 21% from $3.3 billion for the same period in 2010. The bank said the provision for loan losses was $800 million less than net charge-offs reflecting improved portfolio performance. read more

OCT 17, 2011 - 9:17 am

JPMorgan Chase reported third-quarter 2011 net income of $4.3 billion, down from $4.4 billion in the same year-ago period. The bank said it is "being extremely cautious while navigating through this challenging economic environment." read more

OCT 13, 2011 - 10:00 am

Air Lease said its second quarter net income of $7.0 million was 121% higher than the previous quarter. The company said it purchased 16 aircraft during the quarter expanding its fleet to 65 aircraft. read more

AUG 12, 2011 - 9:58 am

Owner-operator truck leasing company Union Equity said it generated higher revenues in the second quarter due to an increase in Class 8 semi-trucks, which generated additional lease revenues and management fees. read more

AUG 12, 2011 - 9:57 am

AIG reported that its ILFC business unit second-quarter operating income was $86 million compared to $182 million in the same year-ago period. The company said ILFC's revenues were lower due to a reduction in size of its aircraft fleet. read more

AUG 5, 2011 - 9:10 am

Resource America reported that its LEAF Financial subsidiary has shown continued increases in key business metrics for the third fiscal quarter as compared to the previous quarter. Lease originations and approved backlog are up 23% and 51%, respectively. read more

AUG 3, 2011 - 9:37 am

NewStar Financial said new funded loan volume was $250 million in the second quarter 2011, up from $160 million sequentially. The company said it was its best performance since 2007 and puts it on pace to reach $1 billion for the full year. read more

AUG 3, 2011 - 9:35 am

Creekridge Capital, an independent healthcare and technology vendor leasing company, posted strong second quarter earnings and surpassed previous quarters. read more

AUG 1, 2011 - 11:07 am

CapitalSource reported that new loans funded in the second quarter 2011 of $543 million were above its expected quarterly range and boosted its total production for the first half of 2011 to nearly $1.2 billion. read more

JUL 29, 2011 - 9:43 am

PHH said that its fleet management business continued its strong contribution to overall earnings in the second quarter 2011, with fleet segment profits up 46% from the second quarter of 2010. read more

JUL 29, 2011 - 9:38 am