CIT reported a net loss for the second quarter 2011 of $48 million on reduced fresh start accounting benefits and costs associated with debt prepayments. The company noted that funded new business volume was up 30% sequentially and 67% from the prior year. read more

JUL 26, 2011 - 9:33 am

Regions Financial reported second-quarter 2011 net income, net of preferred dividends, of $55 million compared to a net loss of $335 million in the same quarter last year. The bank said its credit costs declined to its lowest level in two years. read more

JUL 26, 2011 - 9:12 am

PACCAR Financial reported second-quarter pretax income improved to $56.9 million compared to $34.0 million earned in the second quarter 2010. PFS said profit increased due to better finance margins and reduced credit losses. read more

JUL 26, 2011 - 9:08 am

Cat Financial reported second-quarter profit was up 30% compared to the same quarter in 2010. The captive said new retail financing in the quarter was $2.9 billion, up 18% from last year. read more

JUL 22, 2011 - 9:18 am

Fifth Third reported second-quarter net income, after preferred dividends, was $328 million versus $130 million for the same quarter in 2010. The bank's improved performance was helped by substantially lower dividend payments and a $212 million decline in provision charges. read more

JUL 22, 2011 - 9:05 am

MicroFinancial said for the six months ended June 30, 2011, net income increased by 131% to $4.3 million versus net income of $1.9 million a year earlier. The company noted revenue improvement and lower provision charges as contributors to performance. read more

JUL 21, 2011 - 9:13 am

U.S. Bancorp reported net income of $1.2 million for the second quarter of 2011 was 57% higher than same period one year-ago. The bank said the increase was driven by net revenue growth and lower provision for credit losses. read more

JUL 20, 2011 - 9:34 am

PNC Financial reported second-quarter net income of $912 million, up from $803 million last year. The bank said a decline in provision charges of $543 million
was driven by overall credit quality improvement. read more

JUL 20, 2011 - 9:31 am

Bank of America reported a record second-quarter net loss of $8.8 billion as charges related to its recently announced agreement to resolve Countrywide-related RMBS exposures resulted in a $14.5 billion loss in its consumer real estate services unit. read more

JUL 19, 2011 - 9:37 am

Wells Fargo reported record second-quarter net income of $3.9 billion, up 29% compared to the same quarter in 2010. The bank's provision for losses was $1 billion less than net charge-offs as a result of improved portfolio performance. read more

JUL 19, 2011 - 9:34 am

Webster Financial said its net income for the first six months was $66.8 million, up from $6.7 million in 2010 or $60.1 million higher. The bank said its YTD provision charge of $15.0 million was $60.0 million lower than last year. read more

JUL 18, 2011 - 9:35 am

Citigroup reported second quarter 2011 net income of $3.3 billion, 24% higher than the prior year period. The bank said net credit losses declined 35% from the same quarter last year to $5.1 billion. read more

JUL 15, 2011 - 9:36 am

JPMorgan Chase reported second-quarter 2011 net income of $5.4 billion, compared with net income of $4.8 billion in the second quarter one-year ago. The bank said second-quarter results were helped by reduced loan loss reserves in its card services business. read more

JUL 14, 2011 - 9:40 am

Titan Machinery said its fiscal Q1/12 earnings increased 55% to $318 million and that it will continue with its acquisition growth strategy. read more

JUN 10, 2011 - 9:20 am

Trilogy Leasing, an independent leasing company specializing in technology equipment leases, announced its 2010 operating results, reporting a 29% increase in earnings over 2009 results. read more

JUN 9, 2011 - 9:25 am