Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. “The competitive marketplace remains intense, but generally rational. Supply of card...
Alphabet, the parent company of Google, posted results Monday that topped Wall Street estimates, as ad spending – across Google, in mobile search and also YouTube – showed traction. Continued bets on new technologies, including Nest, as well as a stake in Uber, helped boost...
The customers are still opening their wallets, and using the cards. Results posted by American Express on Wednesday (April 18) showed numbers that topped the Street. The key driver, of course, was customer spending amid a buoyant U.S. economy. The growth in card metrics disclosed by...
Continuing the run of earnings beats for banks, Bank of America announced news on Monday (April 16) that loan growth helped lift results above Wall Street estimates, while digital initiatives showed strong momentum. CEO Brian Moynihan said in the earnings release that “strong client activity,...
Amid headlines that corporate banking helped boost Citigroup profits, the firm also reported strength in its mobile and online initiatives, as evidenced by growth in consumers using bits and bytes to bank, according to earnings materials from the company. In results reported on Friday (April...
It’s not all about stocks and bonds. A trio of heavy hitters in the banking industry — JPMorgan Chase, Citigroup and Wells Fargo — reported results on Friday (April 13), kicking off earnings season in earnest. Trading volatility ruled the game and headlines for the...
Verifone Systems has agreed to a $3.4 billion deal – accounting for both cash and debt – that will take the firm private, Reuters reported Monday. The company struck the pact with an investor group led by Francisco Partners and is expected to close in...
Naspers, the South African media and internet company, is unloading 2 percent of its stake in China’s Tencent, giving it up to $11 billion in return. In a press release, Naspers said it will sell up to 190 million shares of Tencent, the Chinese company...
Cardlytics reported its inaugural quarter as a public company, with a net loss (non-GAAP) of 18 cents per share, beating the Street by 15 cents. Cardlytics runs cashback programs for 2,000 financial companies. The top line came in at $39.3 million, which was up 7.8...
