Goldman Sachs on Wednesday reported second-quarter earnings of $3.72 billion, or $10.91 per share, exceeding expectations by a wide margin. Analysts had been forecasting second-quarter earnings-per-share of $9.63, according to S&P Capital IQ. The better-than-expected performance was driven by heady increases in investment banking and equities revenues, which spiked 26% and 36%, respectively, from the
Stamford, Connecticut on Aug. 7, 2023.Adobe Stock Two months after shepherding a $58 million private placement to completion, Patriot National Bancorp CEO Steven Sugarman is remaking the Connecticut bank’s board and management team. Patriot, which has $957 million of assets, announced a number of new director and executive appointments on Monday. Most prominently, Private Bank
Huntington Bancshares is joining a wave of out-of-state banks that are seeking to take advantage of Florida’s growing economy. The Columbus, Ohio-based bank announced Thursday that it will continue to expand its footprint, starting with middle-market services anchored in Fort Lauderdale. Huntington’s commercial banking push in Florida follows major investments to scale its business in