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. One key driver: Continued...
Amid what management termed “healthy broader economic trends” in the United States, Discover Financial Services said that rising rates – coupled with increased credit card activity – helped to propel top- and bottom-line growth in the third quarter. At the same time, results showed growth...
Boosted by increases in its credit card portfolio and interest rates, Capital One Financial beat estimates for the second quarter. In terms of the headline numbers for the top and bottom lines, the company said that earnings came in at $1.94, beating the Street by...
The second-biggest bank by assets, Bank of America, said Tuesday that earnings were up on gains in all businesses beyond trading, according to the latest quarterly results. The company said that its top line came in at just over $23 billion, better than consensus at...
October 25, 2017
Amid what management termed “healthy broader economic trends” in the United States, Discover Financial Services said that rising rates – coupled with increased credit card activity – helped to propel top- and bottom-line growth in the third quarter. At the same time, results showed growth in loan losses, reserves and charge-offs. In a news release, […]
July 21, 2017
Boosted by increases in its credit card portfolio and interest rates, Capital One Financial beat estimates for the second quarter. In terms of the headline numbers for the top and...
April 27, 2017
As U.S. consumers become more comfortable with carrying higher levels of debt, the biggest credit card companies reported an increase in chargeoffs in their portfolios during the first quarter of...
November 16, 2016
Discover Financial Services said via an 8-K filing with the Securities and Exchange Commission that its chargeoff rate in October was 2.4 percent, up from 2.2 percent in September, and...
