U.S. Bancorp the 5th largest bank in the U.S. saw its shares drop 3% on the day it reported, today it is down a little less than 2%. The bank reported improved profits to $951 million from $580 million last year and it took a large amount of provisions compared to other banks like Wells Fargo.
PNC Financial the 6th largest bank in the U.S. was down 1.4% on the day it reported but it is now even. The bank reported record yearly profit of $3.4 billion and quarterly profit of $820 million. The company also said provisions for loan losses would continue to decline.
Bank of New York Mellon the 7th largest bank in the U.S. but valued by market capitalization at $7 billion above PNC Financial despite having less assets, equity and net income saw its share price rise slightly on the day it reported. Since then the stock is up 1% overall.
Sun Trust banks the 9th largest bank in the United States saw its shares rise 6% on the day it reported. Its shares are now up 6.5% from that date. The company reported profit which is a good sign for a bank which has been struggling.
BB&T the 11th largest bank in the United States saw its shares rise 5% on the day it reported but today is only up 1.6% from this amount. The company earned $210 million of profit or 30 cents a share.
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