Bank of America profits drop as key lending revenue weakens

The results from the nation's second-largest lender offer the latest example of how even the biggest banks are increasingly challenged by high interest rates.

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Bank of America Reports First-Quarter 2024 Financial Results

Bank of America reported its first-quarter 2024 financial results today. The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings.

Investors one-year returns in Bank of New York Mellon (NYSE:BK) have not grown faster than the company's underlying earnings growth

A diverse portfolio of stocks will always have winners and losers. But if you're going to beat the market overall, you...

Bank of America profit falls on lower customer interest payments

BofA is among the large lenders, including rival JPMorgan, that are weighing the potential for the U.S. Federal Reserve to cut interest rates this year. The move could crimp banks' income from interest payments, but could potentially spur economy activity and borrower demand. BofA's net interest income (NII) -- the difference between what it earns on loans and pays for deposits -- slid 3% to $14 billion in the quarter due to higher deposit costs and modest loan growth.

BNY Mellon Declares Dividends

The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors declared dividends on its common and preferred stock as follows:

BNY Mellon Reports First Quarter 2024 Results

BNY Mellon (NYSE: BK) has reported financial results for the first quarter 2024. The company's earnings release along with the quarterly financial highlights and other earnings-related documents are available at www.bnymellon.com/investorrelations. Management will host a conference call and simultaneous live audio webcast at 11:00 a.m. ET today. This conference call and audio webcast will include forward-looking statements and may include other material information.

Nicolet Bankshares, Inc.'s (NYSE:NIC) 6.2% loss last week hit both individual investors who own 45% as well as institutions

Key Insights The considerable ownership by individual investors in Nicolet Bankshares indicates that they collectively...

Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.86

KANSAS CITY, Mo., April 16, 2024--Commerce Bancshares, Inc. announced earnings of $.86 per share for the three months ended March 31, 2024, compared to $.91 per share in the same quarter last year and $.84 per share in the fourth quarter of 2023. Net income for the first quarter of 2024 amounted to $112.7 million, compared to $119.5 million in the first quarter of 2023 and $109.2 million in the prior quarter.

Mercantile Bank Corporation Announces Robust First Quarter Results

Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $21.6 million, or $1.34 per diluted share, for the first quarter of 2024, compared with net income of $21.0 million, or $1.31 per diluted share, for the first quarter of 2023.