The S&P 500 Banks index was down 2%, with regional banks including, Regions Financial, Comerica Inc, and Fifth Third Bancorp, among the biggest losers.
RF posted Q3 earnings of 49 cents/shr, missing analysts' estimate of 58 cents a share, according toLSEG data. RF predicted net income interest in the fourth quarter to decline roughly 5% sequentially, as it paid more to retain deposits.CMA shares were down about 6% after it reported third-quarter earnings of $1.84 per share, compared to analysts' estimates of a $1.69 per share.
CMA said it expects NII to decline in the current quarter owing to soaring deposit retention costs. FITB also anticipates lower NII due to rising deposit costs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong stocks fall for second session as Nikkei 225 dropsSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »
BYD, XPeng, NIO Stocks Fall After Tesla's Earnings MissCEO Elon Musk complains about everything from interest rates to growth. Other electric-vehicle companies are working in the same environment.
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. stocks fall for 4th straight day as recent rise in Treasury yields pressures global marketsJoseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow's 168-point fall led by losses for American Express, Salesforce stocksSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »
Hong Kong stocks decline for third day as Japanese stocks dropSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »