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Credit

PNC

PNC Financial reported strong Q4 earnings with a 4% increase in net interest income and an 84% surge in profitability. The absence of FDIC fees and lower credit provisions improved earnings. FY 2025 guidance projects 6-7% growth in net interest income.

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January 22, 2025 | 1:30 am

AL

KBRA has assigned a K1 short-term debt rating to Air Lease Corporation's $2 billion Unsecured Commercial Paper Notes Program, reflecting the company's strong liquidity and funding profiles.

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January 21, 2025 | 11:15 pm

AL

Air Lease Corporation has announced a $2.0 billion commercial paper program, allowing it to issue short-term, unsecured notes. This move provides the company with flexible financing options.

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January 21, 2025 | 10:00 pm

CNX

CNX Resources Corporation has successfully closed a $200 million private placement of 7.250% senior notes due 2032. This follows a previous issuance of $400 million under the same terms.

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January 21, 2025 | 9:30 pm

BAC

Bank of America has announced the redemption of $1.5 billion in Floating Rate Senior Notes due February 2026, effective February 5, 2025.

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January 21, 2025 | 9:30 pm

SHG

Shinhan Financial has been upgraded to a Buy rating, with expectations of strong financial performance and increased capital returns by 2025. The company's EPS is projected to rise by 8% due to lower credit costs, better-than-expected non-interest margin, and higher non-interest income.

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January 21, 2025 | 7:00 pm

FINV

FinVolution has been upgraded to a Strong Buy due to its proven management, consistent revenue growth, positive cash flow, successful international expansion, and well-managed loan risk.

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January 21, 2025 | 6:15 pm

JLL

JLL Capital Markets has arranged a $170 million loan for SkyREM's 10-building industrial portfolio, with financing provided by Apollo.

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January 21, 2025 | 6:00 pm

CHD

Church & Dwight has been given a buy rating despite its overvaluation, due to its strong growth prospects, positive cash flow history, and low debt risk.

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January 21, 2025 | 5:00 pm