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Fourth-quarter profit dropped 5.4% as revenue from its mortgage business declined, Wells Fargo said Friday.

The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.

Big banks report; Why Goldman is different

JPMorgan Chase said profit rose 24% as bond-trading revenue climbed more than analysts estimated and expenses fell.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Worldpay's Ogden has a new venture; ANZ offers instant card replacement on mobile; Airtel launches mobile banking in India; Payment Rails targets the gig economy.

PNC’s fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.

Bank of America, the second-largest U.S. lender by assets, said fourth-quarter profit rose 43% as revenue from fixed-income trading increased and expenses dropped.

Apple Pay helps address the gap between courting donors and getting sustainable donations, according to the software company Blackbaud, which serves the nonprofit sector.

Banks have traditionally used consumer products to serve small businesses. The growth of alternative payment options means banks may lose customers, particularly among young business owners.

The goal of Deloitte's new blockchain-focused lab in New York is to turn proofs of concepts into real solutions.