Investment banking helped drive revenue gains at Deutsche Bank in the third quarter, with growth in fixed income and currencies (FIC) and origination and advisory (O&A) leading the way. The bank’s Investment Bank business saw 11% year-over-year growth in net revenues during the quarter, while...
Fiserv’s latest third quarter results showed growth in its core point-of-sale solutions — and long-term potential for embedded finance amid new and recently struck partnerships. CEO Frank Bisignano said during the call that “It is increasingly clear that our position at the intersection of merchant...
Fifth Third Bancorp continues to see positive results from its commercial payments operation. The Ohio-based lender reported third-quarter earnings Friday (Oct. 18) showing revenues from that business up 10% year over year, with embedded payments solution Newline “adding industry leaders to its customer base,” as...
Ally Financial CEO Michael Rhodes says the company’s next few quarters will be “choppy.” In a third-quarter earnings presentation Friday (Oct. 18), the auto lender said it had imposed stricter standards for borrowers by instituting tighter verification requirements for proving income and employment. “Our origination trends reflect a deliberate strategy...
For American Express, as has been a longstanding trend, it’s the younger consumers, cards in hand, who are boosting results. And, as Amex management noted on a Friday (Oct. 18) conference call with analysts, dining out is a prime example of where millennial and Gen...
Recent challenges in key markets, particularly China and the Middle East, have significantly impacted sales for major corporations like Procter & Gamble, which reported a 1% decline in first-quarter net sales, to $21.7 billion, reflecting the effects of a sluggish Chinese economy and ongoing geopolitical tensions...
Discover Financial Service’s third-quarter earnings results offered evidence that an acquisition by Capital One is on track. As for the state of the consumer, caution abounds, and many households are looking for ways to consolidate debt. Interim CEO Michael Shepherd said on an earnings call...
Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in lending and deposits. Commerce Bancshares, Huntington Bancshares, M&T Bank and S&T Bancorp reported their third-quarter results Thursday. “Credit quality remains...
After weathering volatility in recent years, banks can now deploy excess capital, signaling confidence in their long-term growth prospects. That was the story shared by Truist executives during a third-quarter 2024 earnings call Thursday (Oct. 17). They said the bank “returned $1.2 billion of capital...
