Banking & Finance
U.S. Bancorp caps record quarter
U.S. Bancorp, the Minneapolis-based parent company of U.S. Bank, reported record net income of $1.5 billion, or 76 cents per share, up from $1.4 billion, or 71 cents per share, in the same period a year ago.
PNC Financial doubles earnings
The PNC Financial Services Group Inc., the Pittsburgh-based parent company of PNC Bank, reported second quarter net income of $1.1 billion, or $1.99 per share, up from $546 million, or 98 cents per share, in the same period a year ago.
Waukesha State Bank renames wealth management division
Waukesha State Bank has renamed its Wealth Management Services division to Prairie Financial Group and named Kristin Reilly president of the division.
Pinstripe acquires UK recruitment firm
Brookfield-based Pinstripe, Inc. has acquired recruitment outsourcing and talent management company Ochre House, headquartered in London in the United Kingdom.
Bank Mutual doubles earnings
Brown Deer-based Bank Mutual Corp. reported second quarter net income of $2.6 million, or 6 cents per share, up from $1.3 million, or 3 cents per share, in the same quarter a year ago.
Commercial lending fuels growth for Associated Bank
Associated Banc-Corp reported second quarter net income of $47 million, or 28 cents per share, up from $42 million, or 24 cents per share, for the same quarter a year ago.
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Stockhausen joins HighTower
Don Stockhausen has joined HighTower Palm Desert, a financial advisory firm in Palm Desert, Calif. He will travel back and forth and continue to serve his clients in Milwaukee.
WEDC supports BrightStar
BrightStar Wisconsin Foundation, a new philanthropic early stage capital fund, has received $300,000 in operating capital from the Wisconsin Economic Development Corporation.
Snap-on reports robust quarter
Kenosha-based Snap-on Inc. reported second quarter net earnings of $88.4 million, or $1.50 per share, compared with $76.4 million, or $1.30 per share, in the same period a year ago.
Johnson Controls stock hits 52-week high
The common stock for Glendale-based Johnson Controls Inc. last week reached a new 52-week high of $40.06, above its previous high of $38.33.