Banking & Finance
Snap-On profits rise 45%
Snap-On Inc. is the latest Wisconsin manufacturer to post impressive third quarter results, as manufacturing remains one of the few strong spots in the economy.
M&I tops national small business banking satisfaction study
Milwaukee-based M&I Bank ranks No. 1 in overall satisfaction by small business banking customers, according to the J.D. Power and Associates 2011 U.S. Small Business Banking Satisfaction Study of 24 national banks released.
Mortgage insurance losses mounting for MGIC
Mortgage insurer MGIC Investment Corp. posted a net loss of $165.2 million, or 82 cents per share, for the third quarter, compared with a net loss of $51.5 million, or 26 cents per share, in the same period a year ago.
Sensient posts record quarter
Milwaukee-based Sensient Technologies Corp. reported record third quarter earnings per share of 64 cents, up from 59 cents in the same period a year ago.
ManpowerGroup grows with strategic investments
Milwaukee-based ManpowerGroup reported third quarter net earnings of $79.6 million, or 97 cents per share, up from $51.3 million, or 62 cents per share, in the same period a year ago.
Caterpillar posts record quarter
aterpillar Inc. far exceeded analyst expectations, reporting a 44-percent quarterly earnings increase and record revenue.
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Bank Mutual reports stronger quarter
Milwaukee-based Bank Mutual Corp. reported third quarter net income of $1.3 million, 3 cents per share, up from $926,000, or 2 cents per share, in the same period a year ago.
Associated Banc-Corp heals its balance sheet
Associated Banc-Corp reported third quarter net income of $41.3 million, or 20 cents per share, up from $14.3 million, or 4 cents per share, in the same period a year ago.
PNC Financial reports drop in quarterly earnings
Pittsburgh-based PNC Financial Services Group Inc., which has branches in the Milwaukee market, reported third-quarter net income of $826 million, or $1.55 per share, down from $1.09 billion, or $2.07 per share, for the same period a year ago.
BMO Harris re-brands M&I Equipment Finance Company
BMO Harris Bank announced the re-branding of M&I Equipment Finance Company, which will now be known as BMO Harris Equipment Finance Company.