The big banks have kicked off earnings season. One common theme has been the consumers’ continuance to spend. Across cards, across debits and credit, amid a strong economy, marked by wage growth and low unemployment, it seems the engine that drives the U.S. economy has been...
American Express, in reporting its latest quarterly results, showed evidence Thursday (April 18) morning that consumer spending remains resilient, even having navigated the bumps of the prolonged government shutdown that came early in the quarter. Get the Full Story Complete the form to unlock this...
Blockchain got a few mentions during IBM’s conference call with analysts after earnings were released Tuesday (April 16) after the markets closed. Artificial intelligence (AI) got more exposure, tied in part to the continuing strategy of embracing the cloud. Get the Full Story Complete the form...
Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income would rise half as fast this year, both of which combined to send shares down 2.7 percent when markets opened this morning. BoA...
Netflix’s first quarter earnings results showed the highest net additions of subscribers measured on a quarterly basis at 9.6 million new subscribers, up 8 percent year on year. That came in above the 8.9 million that had been expected. Get the Full Story Complete the...
Continuing at least some of the trends seen across banks as earnings season picks up traction, Goldman Sachs posted first quarter results Monday (April 15) that showed some drag on traditional Wall Street trading and management activities, but renewed focus and strength in consumer initiatives,...
While investors were ultimately bucked up by a buyback, results were missed when Citigroup reported earnings earlier on Monday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Fresh off headlines tied to JPMorgan CEO Jamie Dimon’s appearance on Capitol Hill and a shareholder letter that pointed toward resilient economic fundamentals in the United States and the promise of digital banking, the bank posted first-quarter results that topped expectations. Get the Full Story...
Wells Fargo came through with a better than expected earnings report on Friday morning (April 12) before the market opened. Revenue came in at $21.609 billion, ahead of the $21.012 billion forecast, while earnings was $1.20 per share, well above the $1.09 analysts had been...
