Banking & Finance

Kenosha-based Snap-on Inc. today 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.

The common stock for Glendale-based Johnson Controls Inc. today reached a new 52-week high of $40.06, above its previous high of $38.33.

U.S. Bancorp, the Minneapolis-based parent company of U.S. Bank, today 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.

Northern Trust Corp., the Chicago-based parent company of Northern Trust Bank, today reported second quarter net income of $191.1 million, or 78 cents per share, up from $179.6 million, or 73 cents per share, in the same period a year ago.

Wisconsin's business loan demand is lagging, but the state's economy is stable and healthy, according to the latest survey of the members of the Wisconsin Bankers Association (WBA).

The PNC Financial Services Group Inc., the Pittsburgh-based parent company of PNC Bank, today 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.

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Madison-based Cellular Dynamics International Inc., a developer and manufacturer of fully functioning human cells in industrial quantities to precise specifications, announced that it has commenced an initial public offering.

A new organization aims to fund startups in Wisconsin by channeling donations from wealthy individuals, corporations and foundations.

Assisted Living Concepts Inc., a Menomonee Falls-based operator of assisted living residences, announced the completion of its acquisition by TPG, a global private investment firm, and the appointment of Jack Callison Jr. as the company's new chief executive officer.