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StanCorp Financial Group Inc.’s ( SFG ) third quarter earnings of $1.21 per share were just a penny ahead of the Zacks Consensus Estimate of $1.20 per share. The company had earned $1.46 per share in the year-ago quarter. High unemployment rate and rising joblessness continue to impact the company’s earnings. Quarterly results reflect higher-than-expected claims activity and reduced premiums in the group insurance business. However, the company benefited from the expense reduction initiatives

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Random Feed wrote an interesting post today on
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Wells Fargo & Co (NYSE :WFC) announced their third-quarter earnings Wednesday morning announcing $3.2 billion in profit for the quarter and also announced that it expects quarterly losses from non-performing loans to peak sometime during the loan. The strong earnings announcement from Wells Fargo was primarily attributed to its community banking profits and investment gains from mortgage gains, but the San Francisco based bank still faces significant losses from increasing numbers of delin

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Random Feed wrote an interesting post today on
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US Bancorp ( USB ) has reported third quarter earnings of $603 million or 30 cents per share. Results were ahead of the Zacks Consensus Estimate of 26 cents, and reflected higher revenue and an increase in fee income. However, credit losses and nonperforming assets continued to trend higher in the quarter, reflecting continued stress in the commercial, commercial real estate, residential real estate and consumer loan portfolios. We note that the rate of deterioration has somewhat moderated in

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Random Feed wrote an interesting post today on
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“BB&T bank out with its earnings, came out with $0.23 a share, a penny better than Thomson was looking for. Also talked about revenue of $2.8 billion in line…. Looking for non-performing assets as a percentage of total assets increasing 2.48% as of September 30th.” — CNBC’s Squawk Box 10/19/2009 BB&T ( BBT ) reported third quarter earnings of 23 cents per share or $157 million. The bank’s profits came in one cent above the consensus of analysts’ estimates, but the Street has n

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Random Feed wrote an interesting post today on
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NEW YORK ? JPMorgan Chase, the first of the big banks to report third-quarter earnings, said Wednesday its loan losses are still high and are expected to remain that way for the foreseeable future, a troubling sign for the economy. While JPMorgan reported a $3.59 billion profit, it also says it roughly doubled the amount of money it set aside for failed home and credit card loans in the quarter. JPMorgan, the nation’s largest bank, has been considered one of the strongest financial companies d

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