In its 2Q15 earnings release on July 16, Blackstone (BX) reported a 58% decline in the real estate division’s total revenues.
Blackstone (BX), in its 2Q15 earnings release on July 16, reported a 60% decline in its private equity division’s total revenues.
Blackstone reported its 2Q15 earnings on July 16. The company missed Wall Street analysts’ economic net income (or ENI) estimates of $0.44, with a posted ENI of $0.43.
Growth in its commercial lines business led to an expansion of its balance sheet and total assets of $29.3 billion. Progressive’s loss ratio remained at 72.4%, similar to what it was in 2Q14.
With its July 17 2Q15 earnings release, Progressive (PGR) reported a 5.95% increase in total revenues from the Personal Lines segment, up to $4.31 billion from $4.2 billion in 2Q14.
Progressive has commanded a premium valuation when compared to its peers, mainly due to the improving automobile sector and the company’s higher take-up in the auto insurance segment.
Progressive’s (PGR) Commercial Lines business revenues increased by 9.4% to $489 million in 2Q15, up from $447 million in 2Q14.
Progressive Corporation (PGR) reported its second-quarter earnings on July 17. The firm reported net income of $363 million and revenues of $5.25 billion, up by 13.4% over 2Q14.
Goldman Sachs (GS) was the first to deliver a major earnings miss this season. Its 2Q15 EPS of $1.98 was lower than the consensus expectations of $3.89.
Citigroup (C) reported stellar 2Q15 earnings on July 16. It beat Wall Street’s expectations for the second consecutive quarter. It reported EPS of $1.45.
Most of the large US banks reported better-than-expected 2Q15 results despite the slowdown in trading coming from the crisis in Greece and China.
The U.S. Department of the Treasury conducted the weekly auction for four-week Treasury bills, or T-bills, on July 14. The issuance was $45 billion.
The U.S. Department of the Treasury auctioned 13-week Treasury bills, or T-bills, worth $24 billion on July 13. The overall auction demand was up by 6.50%.
The U.S. Department of the Treasury held the weekly 26-week Treasury bills, or T-bills, auction on July 13. T-bills worth $24 billion were on offer.
Strong inflation and housing data resulted in a rally in long-term bond yields. US Treasury yields rose marginally at the short end of the yield curve.
Net interest income currently contributes more than 60% to Regions Financial’s total income. The bank is focused on improving its non-interest income in the challenging interest rate environment.
Regions Financial (RF) focuses on business loans. High commercial and industrial loan growth in the second quarter of 2015 should benefit the company.
Regions Financial (RF) is scheduled to release its 2Q earnings on July 21, 2015. The consensus analyst estimate for the bank’s adjusted EPS for the quarter is $0.2.
As discussed in the first part of this series, Bank of America’s (BAC) second-quarter adjusted revenues declined year-over-year. The decline was felt across all four of its main segments: Consumer Banking…
Bank of America expects a $3.9 billion benefit to its net interest income if there’s a positive 100-basis point parallel shift in the yield curve.