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Wednesday, October 18, 2017

Bank of America posts better-than-expected earnings

Bank of America Corporation reported net income of $653 million for the first quarter of 2012. Revenue, after various changes, was $22.5 billion as the financial services giant worked to strengthen its balance sheet. Reuters...

Barclays 'Rings' in low-interest rate card with 'crowdsourcing'

 Wilmington-based Barclaycard US, announced what it says is the first “social credit card” designed to use community crowdsourcing. The term “crowdsourcing” in this case is used to describe plans to give cardholders input in...

Zacks looks at big bank earnings

Investment information firm Zacks issued a report on the nation's largest banks, which recently reported earnings.  To access the press release that summarizes the findings, log on here.

Stable earnings reported at M&T

M&T Bank Corporation reported stable earnings for the first quarter. The quarter's earnings as compared with the first quarter of 2011 reflect higher net interest income, lower credit costs, and higher trust income and residential...

Chase to add up to 1,200 jobs in state

JP Morgan Chase plans to expand its operations in Delaware and add up to 1,200 new jobs in the state,   Gov. Jack Markell and Delaware Economic Development Office Director Alan Levin announced on...

New mutual fund from Wilm. Trust

Wilmington Trust has launched a new mutual fund, Wilmington Rock Maple Alternatives Fund. The fund is aimed at helping investors cut the volatility of their holdings. M&T maintained the Wilmington Trust name for investment activities...

Capital One strong and cheap, Business Week writes

Is Capital One or JPMorgan Chase a stronger bank? Based on the federal “stress  test” Capital One, which has set up shop in Wilmington after acquiring ING Direct, is the stronger of the two giants....

The end game for Wilmington Trust

Local coverage  of the fall of Wilmington Trust has been meager since the announcement that Buffalo's M&T would acquire the ailing financial services company. As filings come out on the acquisition, we are beginning to...