4 Top Regional Banks Making Moves Post Earnings

Northern Trust Corporation (NASDAQ:NTRS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Net income increased 28.8% to $167.7 million (69 cents per diluted share) in the quarter versus a net gain of $130.2 million in the year-earlier quarter. Revenue decreased 6.63% to $969.7 million from the year-earlier quarter.

Northern Trust Corporation reported adjusted net income of 69 cents per share. By that measure, the company missed the mean analyst estimate of $0.75. It missed the average revenue estimate of $985.1 million.

NTRS

The Bank of New York Mellon Corporation (NYSE:BK) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. Net income increased 23.17% to $622 million (53 cents per diluted share) in the quarter versus a net gain of $505 million in the year-earlier quarter. Revenue decreased 2.04% to $3.61 billion from the year-earlier quarter.

The Bank of New York Mellon Corporation reported adjusted net income of 53 cents per share. By that measure, the company met the mean analyst estimate of $0.53. It beat the average revenue estimate of $3.6 billion.

BK

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BB & T Corp. (NYSE:BBT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income increased 29.41% to $506 million (71 cents per diluted share) in the quarter versus a net gain of $391 million in the year-earlier quarter. Revenue decreased 6.75% to $2.53 billion from the year-earlier quarter.

BB & T Corp. reported adjusted net income of 71 cents per share. By that measure, the company beat the mean analyst estimate of $0.7. It beat the average revenue estimate of $2.46 billion.

BBT

Fifth Third Bancorp (NASDAQ:FITB) generated a solid profit and beat Wall Street’s expectations. Net income increased 24.2% to $390 million (43 cents per diluted share) in the quarter versus a net gain of $314 million in the year-earlier quarter.

Fifth Third Bancorp reported adjusted net income of 43 cents per share. By that measure, the company beat the mean analyst estimate of $0.41.

FITB

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