Newz(UCB) on Tuesday reported a loss of $139.7 million in its third quarter. The Greenville, South Carolina-based bank said it had a loss of $1.16 per share. Earnings, adjusted for non-recurring costs, were 77 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 77 cents per share. The bank holding company posted revenue of $465.5 million in the period.
Its revenue net of interest expense was $354.1 million, exceeding Street forecasts. Five analysts surveyed by Zacks expected $281.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on UCB at https://www.zacks.com/ap/UCB Source DETROIT (AP) — DETROIT (AP) — Ally Financial Inc. (ALLY) on Tuesday reported third-quarter earnings of $433 million.
The Detroit-based company said it had net income of $1.30 per share. Earnings, adjusted for non-recurring costs, were $1.34 per share. The results exceeded Wall Street expectations.
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share. The auto finance company and bank posted revenue of $2.33 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.28 billion.
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