Industry News

Elmira Savings Bank. Net income was $1,057,000 and $2,093,000 for the three and six months ended June 30, 2016 compared to $1,019,000 and $2,029,000 for the same periods in 2015.. Diluted earnings per share were$. 30 per share and$. 60 per share for the three and six months ended June 30, 2016 compared to$. 29 per share and$. 57 per share for the same periods in 2015.."/>
Elmira Savings Bank Reports 2nd Quarter Earnings
Empire State Realty Trust, Inc., a real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, announces that it has renewed and extended its lease and licenses with Emmis Communications at the Empire State Building. Emmis operates three FM radio stations from atop the Empire State Building, which they have called home since 1984. The agreement with three Emmis owned FM radio stations is for 16 years."/>
Empire State Realty Trust Renews Lease with Emmis Communications | Empire State Realty Trust
WisdomTree Investments, Inc., an exchange-traded fund and exchange-traded product sponsor and ICBC Credit Suisse Asset Management Company Limited, today announced a global product partnership to launch ETFs that track the S&P China 500 Index."/>
WisdomTree and ICBC Credit Suisse Enter Global Product Partnership on S&P China 500 Index
Triumph Bancorp, Inc.' s USD 70 m acquisition of Colorado East Bank and Trust parent ColoEast Bankshares, Inc. the company said. Upon expiration of the public notice requirement specified by Texas state law, the Department of Savings and Mortgage Lending anticipates issuing its final approval. The transactions remain subject to the..."/>
US Federal Regulators Clear Triumph Bancorp to Acquire Colorado’s ColoEast Bankshares
Pacific Continental Corporation disclosed on Wednesday that its board of directors authorised a regular cash dividend of USD0.11 per share. Shareholders of record as of 2 August 2016 will receive the dividend payment on 16 August 2016.. Pacific Continental is the parent of Pacific Continental bank, which provides personalised services through 14 banking offices in Oregon and Washington."/>
Pacific Continental announces dividend of USD0.11 per share
Fidelity National Financial Inc authorised a quarterly cash dividend of USD0.21 per share for its FNF Group, the company revealed on Wednesday. Stockholders of record as of 16 September 2016 will receive the dividend payment on 30 September 2016.. Fidelity National is organised into two groups, FNF Group that provides title insurance, technology and transaction services through its title insurance underwriters, Fidelity National Title, Chicago..."/>
Fidelity National declares quarterly dividend of USD0.21 per share for FNF Group
Brookline Bancorp Inc on Wednesday reported for the second quarter of 2016 a net income of USD12.7m or USD0.18 per basic and diluted share, up from the net income of USD11.9m or USD0.17 per basic and diluted share in the same period last year. Net interest income for the second quarter was USD50.3m, an increase of USD1.1m from the net interest income in the same quarter last year of USD47.2m. Non-interest income increased to USD5.4m from the non-interest income of USD4.9m last year."/>
Brookline Bancorp declares Q2 2016
HDFC Bank Ltd on Thursday said its fiscal first-quarter net profit rose 20.15% from a year ago on higher net interest income and other income. Net profit for the quarter stood at Rs.3, 238.91 crore in the three months ended 30 June from Rs.2, 695.72 crore a year ago. According to a poll of 23 Bloomberg analysts, the bank was expected to post net profit of Rs.3, 275.40 crore."/>
HDFC Bank Q1 net profit rises 20.15%, bad loans up [Mint, New Delhi]
HDFC Bank Ltd, Kotak Mahindra Bank Ltd and Axis Bank Ltd due on Thursday and Friday are expected to indicate asset quality conditions in the banking sector and throw light on the impact of a new interest rate regime. Private sector banks are expected to outperform their state-owned peers this quarter as well, analysts said. According to a 11 July report from Motilal Oswal Securities Ltd, HDFC Bank is expected to report its usual 20?"/>
Private sector bank results likely to show impact of asset quality issues [Mint, New Delhi]
SABMiller after agreeing to give up ownership of the Miller brands in the U.S. and open the door to greater competition from craft brewers. With the green light from the Justice Department, Belgium-based A-B InBev said it was on track to complete the transaction-- the biggest-ever combination in the beer industry-- in the second half of 2016.. The world's largest brewer, which has..."/>
U.S. approves A-B InBev acquisition of SABMiller [St. Louis Post-Dispatch]
Publicis Groupe : First Half 2016 Results
SABMiller after agreeing to give up ownership of the Miller brands in the U.S. and open the door to greater competition from craft brewers. With the green light from the Justice Department, Belgium-based A-B InBev said it was on track to complete the transaction-- the biggest-ever combination in the beer industry-- in the second half of 2016.. The world's largest brewer, which has..."/>
U.S. approves A-B InBev acquisition of SABMiller [St. Louis Post-Dispatch]
Abbott Laboratories in Illinois. "I think both Boston Scientific and Medtronic are licking their lips in terms of potential market share that could come up for grabs," Piper Jaffray analyst Brooks West said after separate earnings calls..."/>
With acquisition pending, St. Jude Medical's rivals 'licking their lips,' analyst says [Star Tribune (Minneapolis)]
United Bank posted lower profits in the second quarter, as expenses rose and fee income fell. United Financial Bancorp Inc. said net income was $9.1 million, or 18 cents per diluted share, for the quarter ended June 30, compared with $13.3 million, or 27 cents per share, a year earlier. The bank announced its earnings after market close Tuesday."/>
BRIEF: United Bank Parent Posts Lower Quarterly Profits [The Hartford Courant]
First Connecticut Bancorp Inc. said net income was $3.6 million, or 24 cents a diluted share, compared with $3.5 million, or 23 cents a diluted share, a year earlier, in an announcement after market close. Without one-time gains and losses, operating earnings in the most recent quarter were $3.4 million, or..."/>
BRIEF: Farmington Bank Parent Posts Higher Profits [The Hartford Courant]
Mizrahi Tefahot Bank is likely to sell them at double the price it paid. The bank, managed by CEO Eldad Fresher, recently published a tender for the sale of offices in the Moshe Aviv Tower in Ramat Gan. The bank, which bought the eight floors for NIS 152 million, and is expected to ask NIS 300 million for their sale, has already received an offer on this scale."/>
Mizrahi Tefahot to sell 8 floors in Aviv Tower [Globes, Tel Aviv, Israel]
Crisil Ltd's ratings business continues to be a laggard, with revenue rising a mere 1.38% in the June quarter. Ebit margin of this division too declined 875 basis points to 24.4% on a year-on-year basis. Weak credit offtake and slowdown in the investment cycle continue to mar the performance of the ratings business."/>
Crisil: too expensive for comfort [Mint, New Delhi]
Edelweiss Financial Services Ltd plans to launch a distressed asset fund with a corpus ranging between $750 million and $1 billion, joining a raft of potential investors in troubled corporate assets that are up for sale. It will be one of the largest fund-raises attempted by an Indian financial services firm to invest in distressed assets. "We are looking at launching a distressed asset fund; this is our second international fund and it is expected to be of nearly $750..."/>
Edelweiss plans to set up stressed asset fund [Mint, New Delhi]

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Most Popular Sectors in the News
Sectors Articles in the last 7 days
Financials738 Articles
Consumer Discretionary649 Articles
Information Technology633 Articles
Industrials478 Articles
Health Care418 Articles

Sponsored Financial Commentaries

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact , please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.