Raymond James CEO Paul Reilly joins Yahoo Finance Live to discuss the company's first quarter earnings, the Fed's move to potentially hike interest rates in March, and the outlook for the investment banking industry in 2022.
U.S. Bancorp (NYSE: USB), the fifth-largest bank in the country, probably didn't finish 2021 the way it wanted to. The bank reported fourth-quarter earnings per share (EPS) of $1.07 on revenue of nearly $5.7 billion, missing on both EPS and revenue estimates. There wasn't much to really like in the quarterly report from this longtime Warren Buffett and Berkshire Hathaway holding, which already trades at a high valuation.
Texas Capital's (TCBI) fourth-quarter earnings and revenues surpass estimates on lower costs and a sturdy capital position amid a recovering economy.