Taylor Capital Group Turns To Profit In Q2 - Quick Facts

Taylor Capital Group Q1 Profit Rises - Quick Facts

Trade TAYC now with

7/18/2012 9:49 AM ET

Taylor Capital Group Inc. (TAYC: Quote) reported that its second-quarter net income applicable to common stockholders was $12.48 million, or $0.41 per share, compared to a loss of $3.86 million or $0.19 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter rose to $36.38 million from $32.24 million in the prior year quarter. Total non-interest income was $31.89 million, up from $6.39 million in year ago quarter. Revenue totaled $65.2 million for the second quarter of 2012.

Click here to receive FREE breaking news email alerts for Taylor Capital Group Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 69 Articles

Editors Pick

SNB Retains Interest Rate, Franc Cap; Says Risks To Economy Remain High

The Swiss National Bank on Thursday said it will retain the currency ceiling at CHF 1.2 per euro as risks to the economy from external developments remains high. The target range for the three-month Libor was also left unchanged at 0.0-0.25 percent. The decision was in line with economists' forecast. "Tensions can reappear at any moment on global financial markets," the central bank said.

China Manufacturing Contraction Deepens In June

China's manufacturing activity contracted at a faster pace in June, reducing the prospects of a promising economic recovery, preliminary results of a survey by Markit Economics and HSBC revealed Thursday. The flash manufacturing purchasing managers' index fell to 48.3 in June from 49.2 in May. The index is now at its lowest level in nine months.

King Makes Last Plea For Stimulus Before Entrusting BoE To Carney's 'Safe Hands'

Bank of England Governor Mervyn King made a last but strong call for expanding stimulus for the British economy in his final Mansion House speech on Wednesday even as he left some "unfinished business" in the banking sector for the next chief Mark Carney to complete. King will step down by end-June after ten years at the helm. Carney will assume office from July 1.