Second Quarter news and trends

FIS Reports Organic Growth In Banking, Capital Market Solutions
Earnings // August 04, 2020

Fidelity Information Services (FIS) posted results on Tuesday (Aug. 4) that showed organic growth in banking and capital market solutions at 4 percent and 3 percent YOY respectively, while it made headway on its synergies in the wake of its 2019 acquisition of Worldpay. Gary...

Big US Corporations Exceed Earnings Predictions During Economic Low Point
Earnings // August 02, 2020

Numerous U.S. companies are defying analysts’ predictions for a slow quarter, according to Reuters. Though the quarter is still expected to be a historic low in general, 82.1 percent of companies, including Google, Amazon, Facebook and Apple have surpassed profit expectations. The number is the...

Netflix Logs Huge Quarter; Stock Takes Hit
Earnings // July 16, 2020

Netflix 1. Movie theaters: 0. That was the score for the second quarter as Netflix and other streaming services were the only game in town for filmed entertainment. And with a stunning 10 million new subscribers, the digital shift has been fast and powerful for...

OnDeck Sees Loan Originations Up 26 Pct In 2Q
Earnings // August 07, 2018

OnDeck Capital reported second quarter results that showed continued growth in loan originations and improved credit quality metrics. Management stated on a conference call with analysts that the gains in those areas – which in turn boosted top and bottom lines that exceeded Wall Street...

Quick Reads
Omnichannel Commerce Boosts The Honest Company in Q2

August 08, 2023
The Honest Company, founded by movie star Jessica Alba, posted its second-quarter results Wednesday (Aug. 8), which showed a revenue bump from recent retail distribution deals. The Honest Company Inc. said financial results for the second quarter ending June 30 showed revenue increasing 8%, digital revenue increasing 10%, and retail revenue increasing 5%.  On the earnings […]

Big US Corporations Exceed Earnings Predictions During Economic Low Point

August 02, 2020
Numerous U.S. companies are defying analysts’ predictions for a slow quarter, according to Reuters. Though the quarter is still expected to be a historic low in general, 82.1 percent of...

OnDeck Sees Loan Originations Up 26 Pct In 2Q

August 07, 2018
OnDeck Capital reported second quarter results that showed continued growth in loan originations and improved credit quality metrics. Management stated on a conference call with analysts that the gains in...

US Business Loans Saw Second Quarter Uptick

July 09, 2018
In a sign of strength for the economy in the U.S. and welcome news for banks, business loans saw an uptick in the second quarter. The Wall Street Journal, citing...