First Midwest profit jumps after acquisitions
By Yimian Wu Helped by recent acquisitions, First Midwest Bancorp Inc. posted solid first quarter earnings with improved expense control and net interest margin. Shares went up 3 cents to $17.44. In the first quarter ended March 31, the Itasca-based bank holding company earned $19.9 million, or 26 cents per diluted share, a 12 percent […]
Wintrust reports strong first-quarter earnings
By Yimian Wu Wintrust Financial Corp. announced a strong first quarter result, exceeding expectations, with growing loans and deposits, a substantial increase in mortgage banking revenue, and continuing acquisitions. Shares went up 1 percent. In the quarter ended March 31, the Rosemont-based bank holding company earned $39.1 million, or 76 cents per diluted share, a 13 percent […]
Millennials tend to overspend when using mobile banking
By Yimian Wu While mobile banking engages the Millennial generation, those Americans born between 1982 and 2000, it may also lead to overspending due to online shopping and easy access to credit, said financial experts and government officials in Chicago Wednesday. They spoke at a financial literacy summit organized by the Federal Reserve Bank of Chicago […]
Job openings hit 15-year high in February
By Yimian Wu U.S. job openings in February reached the highest level since January 2001, while the numbers of hires and quits fell slightly compared with January, according to the Bureau of Labor Statistics. On a seasonally adjusted basis, job openings rose 3.4 percent from January to 5.1 million in February. That compared with 4.1 […]
