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Credit Loss Provision

All articles tagged with #credit loss provision

finance1 month ago•3 min saved

Goldman Sachs tops Q1 earnings, but NII and loan-loss provisions weigh on sentiment

Goldman Sachs posted a Q1 GAAP EPS of $17.55 on revenue of about $17.2 billion, beating estimates helped by a strong Global Banking & Markets segment; however net interest income missed consensus and the provision for credit losses was higher than expected, sending the stock down roughly 3.5% in premarket trading.

via Seeking Alpha|

#credit-loss-provision #earnings #finance

finance1 year ago•2 min saved

Bank of America Beats Earnings Estimates Despite High Rate Challenges

Bank of America reported a Q2 net income of $6.9 billion and EPS of $0.83, beating analyst estimates. Revenue increased to $25.54 billion, also surpassing expectations. The bank set aside $1.5 billion for credit losses and anticipates net interest income of $14.50 billion in Q4. Shares rose 2.41% premarket.

via Yahoo Finance|

#bank-of-america #credit-loss-provision #eps