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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
EBay Inc.'s payments unit, PayPal Inc. continued to increase its payment volume and user base in the fourth quarter, eBay reported Wednesday.
PayPal's net revenue rose 22% to $971 million from the same period last year. Its active account total rose 16.5% to 94.4 million.
PayPal's net total payments volume increased 25.7% in the quarter to $26.9 billion. Its Bill Me Later system, which provides instant credit for online purchases, increased payments volume by 48.9% to $460 million.
PayPal's merchant services net total payment volume rose 36.4% to $16.5 billion. The unit includes PayPal-accepting merchants, active PayPal accounts and eBay's share of Mobile Express Checkout, a mobile payments initiative. Mobile Express Checkout offers consumers the same payment options as the online version of PayPal.
Overall, eBay's net revenue rose 4.2% to $2.5 billion. Its net income fell 59% to $559 million. The drop was attributed to its 2009 sale of Skype.
