Earnings
Earnings
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A smaller tax bill and a double-digit growth in card loans offset weakening credit quality at the Riverwoods, Ill., company.
July 26 -
The San Antonio company also kept a lid on expenses in the second quarter, further boosting its bottom line.
July 26 -
The jewel in PayPal's crown — Venmo — has lost some of its shine.
July 26 -
Mastercard's strong performance is dampened by threats from trade disputes and Brexit, both of which could cause the company pain in the future.
July 26 -
The Oklahoma bank’s net charge-offs were its second-highest in the last five quarters, but the company said it was confident in its credit quality outlook and growth prospects from a pending acquisition.
July 26 -
Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase.
July 26 -
The outage that halted a portion of Visa payments in Europe was almost two months ago, but the card brand is still explaining what happened and attempting to isolate the incident.
July 25 -
Spending on the firm’s U.S. credit-card products climbed to $493 billion during the fiscal third quarter, when outstanding card debt reached a record in the country.
July 25 -
Dan Loeb’s big bet on PayPal Holdings Inc. is off to a rough start. The payments giant projected revenue below analysts’ estimates for this quarter and saw Venmo growth continue to slow, causing concern among Wall Street analysts that had been bullish on the app’s potential.
July 25 -
As the company boosts originations to subprime and other borrowers, it remains to be seen if the improvements in asset quality will continue. A similar question mark is hanging over many consumer lenders these days.
July 25 -
The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions.
July 25 -
Prosperity Bancshares in Houston said that its earnings increased 19% from a year earlier as its efficiency ratio rose.
July 25 -
The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution.
July 25 -
That improvement and loan growth made up for a lower margin in a more profitable second quarter, but the loan growth relied heavily on the subprime lender's partnership with Fiat Chrysler that could be ending.
July 25 -
The digital currency’s price has rebounded to over $8,000 as a new ETF is in the works; three deals may indicate a resurgence of small bank M&A.
July 25 -
BankUnited in Miami Lakes, Fla., said that second-quarter earnings rose 36% as average loan and investment securities balances increased.
July 24 -
The 2017 acquisition of Yadkin Financial was cited as a driver of growth for several fee-based businesses.
July 24 -
An increase deposit costs, higher reserves and ongoing restructuring issues weighed on the second-quarter results at the New York company.
July 24 -
The bank entangled in probe of Michael Cohen; Mayopoulos to leave at yearend, CFO Benson to become president.
July 24 -
The Salt Lake City company reported a 21% increase in second-quarter profits, even as its decision to scale back commercial real estate lending muted overall loan growth.
July 23




















