Earnings
Earnings
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The company was able release credit reserves because of actual and forecasted prices that boosted net income, CEO Patricia Almodovar said.
February 15 -
The lending fintech is increasing its reliance on third-party funding arrangements as its revenue slides. Analysts are wondering how much risk is embedded in the deals.
February 14 -
The government-sponsored enterprise financed 955,000 mortgages last year, down from the 1.8 million loans it backed in 2022.
February 14 -
CEO Alex Chriss told analysts the company's AI-heavy product rollouts won't improve financial results in the near-term.
February 7 -
Ant, the company that operates Alipay, saw its quarterly profit fell 92% as the fintech pioneer founded by Jack Ma struggles to revive a business wracked by an economic downturn and more than a year of regulatory scrutiny.
February 7 -
A day after the regional bank's stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.
February 1 -
The Birmingham, Alabama bank cut down its workforce across divisions as higher interest rates put pressure on its business.
February 1 -
Large and regional banks are taking different approaches to buybacks in light of the proposed new capital rules. Some plan to buy back stock at moderate levels this year, while others say they will to remain on the sidelines until there is more clarity about the reforms.
January 31 -
The parent company of Flagstar Bank surprised investors by slashing its dividend, charging off two large real-estate loans and preparing for more trouble in the office and multifamily sectors.
January 31 -
U.S. consumers remain healthy despite several factors that weigh on their spending, said CEO Michael Miebach.
January 31