Banks - Major Regional

Search documents
Northern Trust Corporation (NTRS) Q3 Earnings Top Estimates
ZACKS· 2025-10-22 13:21
Northern Trust Corporation (NTRS) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.33%. A quarter ago, it was expected that this company would post earnings of $2.08 per share when it actually produced earnings of $2.13, delivering a surprise of +2.4%.Over the last four quarters, th ...
U.S. Bancorp (NYSE: USB) Surpasses Q3 Earnings Estimates
Financial Modeling Prep· 2025-10-17 16:18
Core Viewpoint - U.S. Bancorp has demonstrated strong financial performance in Q3 2025, leading to positive market sentiment and a price target increase from Wells Fargo, indicating potential growth for the stock. Financial Performance - U.S. Bancorp reported an earnings per share (EPS) of $1.22, exceeding the Zacks Consensus Estimate of $1.11, marking an 18.4% increase year-over-year [2][5] - The company's total revenue for the quarter reached $7.33 billion, a 6.8% rise from the previous year, surpassing expectations by 2.42% [3][5] - Net income increased to $2 billion, reflecting a 16.6% jump from the prior year, supported by effective cost control measures and improved efficiency [3] Market Reaction - Following the earnings announcement, U.S. Bancorp shares saw a 1.5% increase in pre-market trading [4] - The stock has fluctuated between $45.39 and $47.78, with a market capitalization of approximately $71.04 billion [4] - Over the past year, the stock reached a high of $53.98 and a low of $35.18, indicating dynamic market performance [4] Analyst Outlook - Wells Fargo set a price target of $52 for U.S. Bancorp, suggesting a potential increase of 13.91% from its current price of $45.65 [1][5]
State Street Corporation (STT) Q3 Earnings and Revenues Top Estimates
ZACKS· 2025-10-17 13:40
Core Insights - State Street Corporation (STT) reported quarterly earnings of $2.78 per share, exceeding the Zacks Consensus Estimate of $2.62 per share, and showing an increase from $2.26 per share a year ago, resulting in an earnings surprise of +6.11% [1][2] - The company generated revenues of $3.55 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.20% and up from $3.34 billion year-over-year [2] - State Street shares have increased approximately 15.1% year-to-date, outperforming the S&P 500's gain of 12.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.83, with expected revenues of $3.56 billion, and for the current fiscal year, the EPS estimate is $9.99 on revenues of $13.77 billion [7] - The estimate revisions trend for State Street was favorable prior to the earnings release, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Banks - Major Regional industry, to which State Street belongs, is currently ranked in the top 21% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]
Fifth Third Bancorp (FITB) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2025-10-17 12:46
Core Insights - Fifth Third Bancorp (FITB) reported quarterly earnings of $0.93 per share, exceeding the Zacks Consensus Estimate of $0.87 per share, and showing an increase from $0.85 per share a year ago, resulting in an earnings surprise of +6.90% [1][2] - The company achieved revenues of $2.3 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.51% and up from $2.13 billion year-over-year [2] - The stock has underperformed the market, losing about 4.5% since the beginning of the year compared to the S&P 500's gain of 12.7% [3][4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.02 on revenues of $2.33 billion, and for the current fiscal year, it is $3.49 on revenues of $9.02 billion [7] - The estimate revisions trend for Fifth Third Bancorp was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Zacks Industry Rank for Banks - Major Regional is currently in the top 21% of over 250 Zacks industries, suggesting a favorable outlook for the sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Comerica Incorporated (CMA) Q3 Earnings Beat Estimates
ZACKS· 2025-10-17 12:35
Core Insights - Comerica Incorporated (CMA) reported quarterly earnings of $1.35 per share, exceeding the Zacks Consensus Estimate of $1.28 per share, but down from $1.37 per share a year ago, resulting in an earnings surprise of +5.47% [1] - The company posted revenues of $838 million for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.67%, but up from $811 million year-over-year [2] - Comerica shares have increased approximately 19.4% year-to-date, outperforming the S&P 500's gain of 12.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.30, with expected revenues of $856.12 million, and for the current fiscal year, the EPS estimate is $5.13 on revenues of $3.38 billion [7] - The estimate revisions trend for Comerica was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Zacks Industry Rank for Banks - Major Regional places it in the top 21% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
M&T Bank Corporation (NYSE:MTB) Shines in Regional Banking Sector with Strong Financial Performance
Financial Modeling Prep· 2025-10-16 19:00
Core Viewpoint - M&T Bank Corporation demonstrates strong financial performance and market position in the regional banking sector, with significant earnings and revenue growth in recent quarters [1][2][3]. Financial Performance - M&T Bank reported earnings per share (EPS) of $4.82 for the quarter ending September 2025, exceeding estimates of $4.40, resulting in an earnings surprise of 10.68% [2][6]. - The bank's revenue for the same quarter was $2.51 billion, surpassing expectations of $2.44 billion, and reflecting a year-over-year increase of 7.8% from $2.33 billion [3][6]. - The net income for the quarter was $792 million, contributing to the reported EPS of $4.82 [4]. Growth Drivers - The growth in earnings and revenue is attributed to strong fee income, improved credit quality, and loan growth, as stated by the Chief Financial Officer [4]. - The bank's commitment to prudent lending practices and customer service has been a significant factor in its success [4]. Valuation Metrics - M&T Bank has a price-to-earnings (P/E) ratio of 10.68 and a price-to-sales ratio of 2.91, indicating favorable market valuation [5][6]. - The company maintains a low debt-to-equity ratio of 0.072, suggesting conservative debt usage, while a high current ratio of 18.85 indicates strong liquidity [5].
U.S. Bancorp (USB) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2025-10-16 12:56
Core Insights - U.S. Bancorp (USB) reported quarterly earnings of $1.22 per share, exceeding the Zacks Consensus Estimate of $1.11 per share, and up from $1.03 per share a year ago, representing an earnings surprise of +9.91% [1] - The company posted revenues of $7.33 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.42%, compared to year-ago revenues of $6.83 billion [2] - U.S. Bancorp has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Financial Performance - The earnings surprise of +9.91% indicates strong performance relative to expectations [1] - Revenue growth of approximately 7.34% year-over-year from $6.83 billion to $7.33 billion highlights the company's ability to increase sales [2] - The company has topped consensus revenue estimates two times over the last four quarters, indicating a positive trend in revenue performance [2] Market Position - U.S. Bancorp shares have underperformed the market, losing about 2.9% since the beginning of the year, while the S&P 500 has gained 13.4% [3] - The current Zacks Rank for U.S. Bancorp is 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.12 on revenues of $7.21 billion, and for the current fiscal year, it is $4.38 on revenues of $28.34 billion [7] - The outlook for the industry, particularly the Banks - Major Regional sector, is favorable, ranking in the top 21% of over 250 Zacks industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact U.S. Bancorp's stock performance [5]
The Bank of New York Mellon Corporation (BK) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2025-10-16 12:46
Core Insights - The Bank of New York Mellon Corporation reported quarterly earnings of $1.91 per share, exceeding the Zacks Consensus Estimate of $1.76 per share, and showing an increase from $1.52 per share a year ago, resulting in an earnings surprise of +8.52% [1] - The company achieved revenues of $5.08 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.41% and up from $4.65 billion year-over-year [2] - The stock has increased approximately 41.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.87 on revenues of $5.04 billion, while for the current fiscal year, the estimate is $7.14 on revenues of $19.8 billion [7] - The estimate revisions trend for The Bank of New York Mellon was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Banks - Major Regional industry, to which The Bank of New York Mellon belongs, is currently ranked in the top 21% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
KeyCorp (KEY) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2025-10-16 12:46
Core Insights - KeyCorp reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, and showing an increase from $0.30 per share a year ago, resulting in an earnings surprise of +7.89% [1][2] - The company achieved revenues of $1.89 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.28% and up from $1.6 billion year-over-year [2] - KeyCorp has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Earnings Outlook - The future performance of KeyCorp's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $1.91 billion, and for the current fiscal year, it is $1.45 on revenues of $7.38 billion [7] Industry Context - KeyCorp operates within the Zacks Banks - Major Regional industry, which is currently ranked in the top 21% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - The performance of KeyCorp's stock may also be influenced by the overall outlook for the banking industry, as empirical research indicates a strong correlation between near-term stock movements and earnings estimate revisions [5][8]
M&T Bank Corporation (MTB) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2025-10-16 12:06
Core Insights - M&T Bank Corporation reported quarterly earnings of $4.87 per share, exceeding the Zacks Consensus Estimate of $4.4 per share, and showing an increase from $4.08 per share a year ago, resulting in an earnings surprise of +10.68% [1][2] - The company achieved revenues of $2.51 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.13% and up from $2.33 billion year-over-year [2] - M&T Bank has outperformed consensus EPS estimates three times in the last four quarters and has also topped revenue estimates three times during the same period [2] Earnings Outlook - The future performance of M&T Bank's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $4.51 on revenues of $2.46 billion, while the estimate for the current fiscal year is $16.51 on revenues of $9.61 billion [7] Industry Context - The Banks - Major Regional industry, to which M&T Bank belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]