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Thursday, January 16, 2020

Sallie Mae reports higher earnings

Sallie Mae reported higher earnings in the third quarter. Net income for the third quarter was $128 million, compared to $104 million during the same period a year earlier. Sallie Mae shares remained unchanged in Wednesday...

Navient shares rise after upbeat earnings report

Wilmington-based Navient reported higher earnings in the third quarter. Share prices rose more than 6 percent on Tuesday after earnings exceeded forecasts. Generally Accepted Accounting Principles' net income was $145 million compared to $114 million during the same...

Delaware-based Sallie Mae finds itself the subject of an NBC News segment

Sallie Mae has been able to largely escape the controversies that have swirled around the high level of student loan debt. However, the Christiana-Stanton company on Thursday found itself as the subject of a less-than-flattering story...

JPMorgan Chase reports surge in earnings

JPMorgan Chase reported higher earnings in the third quarter. Net revenue was $29.3 billion, $28.8 billion, $27.3 billion for the third quarter of 2019, second quarter of 2019, and third quarter of 2018, respectively. Net income...

Delaware jobless rate expected to remain steady

Unemployment rates for September are expected to decrease in New Jersey and remain unchanged in Pennsylvania and Delaware, according to the Federal Reserve Bank of Philadelphia’s nowcasts. The nowcast estimates are issued between the time...

Wilmington Trust adds investment management brand as investors seek downside protection

 Wilmington Trust announced today a new brand, Wilmington Investment Management (WIM), to help expand access to its proprietary suite of asset management solutions, including alternative funds, separately managed accounts, and mutual funds, to retail and institutional...

Wilmington Trust adds wealth advisors in key U.S. markets

Wilmington Trust announced  the appointment of 12 new wealth advisors and wealth strategists, across key U.S. markets including New York, Los Angeles, Florida, Baltimore, and Pennsylvania. The 12  executives join many more that were brought...

WSFS adds Capital Markets Department

WSFS Bank has organized a Capital Markets Department under its division of Finance that will manage the Company’s $1.9 billion investment portfolio and other corporate functions. The new Capital Markets group was created from WSFS’...

Sussex County wins 17th budgeting award

Sussex County government has won its 17th award for outstanding auditing and budgeting practices. The Government Finance Officers Association of the United States and Canada, based in Chicago, in July,  awarded the County its Certificate...

WSFS completes Beneficial systems integration, rebranding

WSFS Financial Corporation completed the systems integration and rebranding of Beneficial Bank into its primary subsidiary, WSFS Bank. All Beneficial Bank accounts have successfully converted to WSFS Bank accounts.  No glitches have been reported from...