Signature Bank Reports Record Q2 Results

Signature Bank announced Q2/13 net income reached a record $53.6 million versus $45.3 million in Q2/12. The bank said the record net income was primarily due to an increase in net interest income fueled by strong deposit and loan growth.

CIT Swings to Q2 Profit; Corporate Finance Volume $1.3B

CIT reported Q2/13 net income of $184 million compared to a net loss of $73 million in Q2/12. The company noted Corporate Finance segment new funded volume was $1.3 billion, up from $969 million in the year-ago quarter.

PNC Q2 Earnings Double on Lower Mortgage Charges

PNC Financial reported Q2/13 net income of $1.1 billion was up from $546 million a year earlier as the prior year period included a substantial charge tied to a provision for residential mortgage repurchase obligations.

JPMorgan Reports 31% Increase in Quarterly Profit

JPMorgan Chase reported net income of $6.5 billion for Q2/13, compared with net income of $5 billion in Q2/12.

JPMorgan Chase Reports Q4/12 Net Income of $5.7 Billion

JPMorgan Chase reported its net income for the fourth quarter of 2012 was $5.7 billion, compared with net income of $3.7 billion in the fourth quarter of 2011.

PNC Reports Y/Y Q4 Profit 46% Higher

PNC Financial reported Q4 profit of $719 million was up from $493 million or 46% higher compared to the same quarter in 2011. The bank said Q4 earnings included gains on sales of Visa shares.

Fifth Third Surprises With 41% EPS Increase

Fifth Third reported full year 2012 net income of $1.5 billion, or $1.66 per share, up 41% compared to $1.18 per share in 2011 on net income of $1.1 billion.