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KeyCorp (KEY) 2025 Earnings Call Presentation
2025-06-11 13:42
KeyCorp Morgan Stanley U.S. Financials Conference June 11, 2025 A multi-decade journey to create a platform tailored to the needs of Middle Market clients… …with significant opportunity given our <5% market penetration 1998 2014 2022 2023 Acquisition of McDonald Investments Build out of Middle Market Investment Banking practice Integrated Servicing Model To create teams focused on end-to-end client journeys Combined Middle Market and Payments businesses To create one team to serve the customers' primary nee ...
VERSABANK TO PRESENT AT SIDOTI VIRTUAL INVESTOR CONFERENCE ON JUNE 12, 2025, AT 2:30 PM ET
Prnewswire· 2025-06-11 11:00
LONDON, ON, June 11, 2025 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced management will participate in the Sidoti Virtual Investor Conference to be held on June 11-12, 2025. David Taylor, President of VersaBank, will present on June 12, 2025, at 2:30 p.m. ET. A live webcast of the presentation will be available on the Bank's website at https:/ ...
Citigroup Inc. (C) Presents at Morgan Stanley US Financials, Payments & CRE Conference 2025 Transcript
Seeking Alpha· 2025-06-10 14:01
Citigroup Inc. (NYSE:C) Morgan Stanley US Financials, Payments & CRE Conference 2025 June 10, 2025 7:30 AM ET Company Participants Vis Raghavan - Corporate Participant Conference Call Participants Betsy Lynn Graseck - Morgan Stanley, Research Division Betsy Lynn Graseck All right. So thank you so much for joining us this morning. I have to read the disclosure first for important disclosures. Please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. Taking a photogra ...
Lake City Bank Welcomes Back Gregory C. Brown to Lead Newly Formed Commercial Elkhart Region
Globenewswire· 2025-06-10 13:30
Gregory C Brown Senior Vice President, Commercial Elkhart Regional Manager WARSAW, Ind., June 10, 2025 (GLOBE NEWSWIRE) -- Lake City Bank is pleased to welcome back Gregory C. Brown as Senior Vice President, Commercial Elkhart Regional Manager. Brown will lead the newly formed Commercial Elkhart Region, serving commercial clients in Elkhart and surrounding communities. The new region was strategically created to better serve the growing business community in Elkhart. “Since arriving in Elkhart in 1990, ...
Five Star Bank expands Bay Area presence with new office in Walnut Creek
GlobeNewswire News Room· 2025-06-09 22:30
RANCHO CORDOVA, Calif., June 09, 2025 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, today announced the planned opening of its newest office in Walnut Creek, marking a significant expansion of its Bay Area footprint. “Fueled by post-pandemic migration and a vibrant small business sector, Walnut Creek has experienced steady commercial growth and rising demand for high-tech and h ...
Can JPMorgan's IB Division Weather the Near-Term Macro Challenges?
ZACKS· 2025-06-09 15:36
Group 1: Company Performance - JPMorgan remains a top player in investment banking, ranking 1 in global IB fees, with total IB fees soaring 37% to $8.91 billion in 2024 after declines in 2023 and 2022 [1] - In Q1 2025, JPMorgan's IB fees grew 12% year over year to $2.18 billion, driven by strong advisory and debt underwriting activity [1][9] - Morgan Stanley's IB revenues rebounded 36% in 2024 to $6.71 billion and rose another 8% in Q1 2025, indicating a recovery in the sector [5] - Goldman Sachs continues to dominate the IB business, maintaining a top position in announced and completed M&As, despite an 8% year-over-year fall in IB revenues in Q1 2025 [6] Group 2: Market Outlook - Near-term IB prospects for JPMorgan are clouded by market turmoil and monetary policy ambiguity, with a cautious stance adopted on the investment banking outlook [2] - Economic uncertainty is expected to hurt JPMorgan's IB business in Q2 2024, with IB fees projected to decline in the mid-teens range year over year [2] - Despite challenges, JPMorgan's long-term outlook for the IB business remains strong, supported by a healthy IB pipeline and an active M&A market, with an estimated CAGR of 2.2% for IB fees by 2027 [3] Group 3: Valuation and Earnings Estimates - JPMorgan shares have risen 10.8% this year, outperforming Morgan Stanley and Goldman Sachs [7] - The Zacks Consensus Estimate for JPMorgan's 2025 earnings implies a decline of 7% year over year, with a rebound of 5.2% expected in 2026 [9][13] - JPMorgan currently trades at a 12-month trailing price-to-tangible book (P/TB) of 2.81X, slightly below the industry average [10]
JPMorgan Bets on Branches in Digital Age: A Smart Growth Move?
ZACKS· 2025-06-05 14:10
Key Takeaways JPM is adding 14 new Financial Centers and plans to double its total to 32 locations by 2026. The bank plans to open 500 more branches by 2027 to deepen relationships and boost cross-selling. JPM shares are up 10.3% YTD, outperforming BAC and PNC, despite a projected 2025 earnings decline.JPMorgan (JPM) , the largest U.S. bank, is doubling down on physical expansion to strengthen its competitive edge in relationship banking. With 4,975 branches as of March 31, 2025, more than any other U.S. ...
Citi to end policy restricting services to retail clients selling firearms in effort to ensure 'fair access'
Fox Business· 2025-06-04 05:41
Core Viewpoint - Citigroup is revising its policies regarding banking services for retail clients selling firearms and clarifying its stance on political affiliation discrimination, aiming to enhance fair access to banking services amid regulatory scrutiny [1][2][11]. Group 1: Policy Changes - Citigroup is removing its U.S. Commercial Firearms Policy established in 2018, which restricted services to retail clients and partners involved in firearms sales [6]. - The company is updating its employee Code of Conduct and Global Financial Access Policy to explicitly state that it does not discriminate based on political affiliation, similar to its non-discrimination stance on race and religion [9]. Group 2: Regulatory Context - The changes are in response to increasing scrutiny from federal lawmakers regarding allegations of banks denying services to certain industries or political groups, particularly since the return of President Trump [5][11]. - Citigroup's Head of Enterprise Services and Public Affairs emphasized the need to balance fair access to banking products while managing risks appropriately [2][3]. Group 3: Industry Reactions - The banking industry has faced accusations of discrimination, with banks arguing that outdated regulations complicate their ability to provide services or justify denials [5]. - Citigroup expressed hope that communities and lawmakers will continue to seek solutions to prevent gun violence while adhering to best sales practices [8].
Deutsche Bank and Mastercard Partner on Pay-by-Bank Solutions in Europe
PYMNTS.com· 2025-06-03 16:34
Deutsche Bank and Mastercard partnered to enable merchants across Europe to offer pay-by-bank functionality to their customers.The partnership will enable merchants to offer this functionality through Deutsche Bank’s Merchant Solutions, with the account-to-account payments based on Mastercard’s open banking network, the companies said in a Tuesday (June 3) press release.“This partnership with Mastercard marks a pivotal moment in the growth of open banking,” Deutsche Bank Global Head of Merchant Solutions Ki ...
nCino (NCNO) 2025 Conference Transcript
2025-06-03 14:40
nCino (NCNO) 2025 Conference June 03, 2025 09:40 AM ET Speaker0 Our next presentation comes from nCino. NCino is the leader in cloud based lending systems. To my immediate left is Sean Desmond, CEO Greg Orenstein, CFO. This is gonna be a fireside chat. If members of the audience have questions, you can email session2@rwbaird. I'll get those on the iPad. But maybe to begin, I'll ask for an intro to nCino and then overview of the investment case. Speaker1 Sure. Thanks for the time. We appreciate it. It's grea ...