Stock Market Today: S&P 500 Dips, Treasury Yields Hold Above 4.8%
Several big regional banks are out with third-quarter results. The results are a mixed bag so far. They disclosed more stable deposits—a relief after outflows at many banks earlier this year. But some
The third-quarter financial results of several big regional banks have been released. So far, the results have been mixed.
After the outflows in many banks this year, they revealed more stable deposits. Some were squeezed, however, by increased interest rates and other expenses.
U.S. Bancorp : Profits fell by 16% compared to a year earlier, falling to $1.5 billion or 91 cents per share. This was lower than the 96 cents per share analysts surveyed by FactSet had expected.
Citizens Financial: The company's profit fell 32% compared to a year ago, falling to $430 millions or 85 cents per share. Analysts had expected 91 cents per share.