Banking & Finance

About 11,000 Northwestern Mutual Life Insurance Co. Inc. agents and their families are arriving in Milwaukee today for the Milwaukee-based financial security company’s 133rd Annual Meeting of the Association of Network Representatives.

Brookfield-based Pinstripe, Inc. has acquired recruitment outsourcing and talent management company Ochre House, headquartered in London in the United Kingdom.

Waukesha State Bank has renamed its Wealth Management Services division to Prairie Financial Group and named Kristin Reilly president of the division.

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.

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.

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.

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).