Earnings

Earnings
Fifth Third Leans on Strategic Automation, Payments Innovations
July 19, 2024

This quarter’s bank earnings, like the macroenvironment, have been mixed and unpredictable. And the ongoing theme of controlling for what’s controllable held true for Fifth Third Bancorp executives, who told investors during a second-quarter 2024 earnings call on Friday’s (July 19), “Geopolitical tensions remain elevated...

Earnings
Netflix Co-CEO Touts Programming Flexibility and Eyes Ads Tier Business
July 19, 2024

During Thursday’s Q2 earnings call, Netflix officials discussed a redesigned homepage aimed at improving content discovery for users, along with excitement connected to its advertising business targeting subscription tiers with streaming ads. Netflix Co-CEO Greg Peters said during the call that continually enhancing the member...

Earnings
Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
July 19, 2024

Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up. Average balances for total loans were down 0.1% compared to the previous quarter and down 1.3% compared to the second quarter of 2023,...

Earnings
Paytm Reports Seeing ‘Green Shoots’ in Business After Regulatory Troubles
July 19, 2024

Paytm reported Friday (July 19) that its operating revenue slipped again in the quarter ended in June as it continued to deal with regulatory troubles. The Indian FinTech’s operating revenue for the quarter was about 15 billion rupees, down from 19.8 billion rupees in the...

Earnings
Amex Earnings: Gen Z, Millennials Drive Credit Card Volume Growth
July 19, 2024

American Express earnings released on Friday (July 19) show that consumers continue to spend on experiences — particularly on dining out, and that momentum belongs to the younger generations who are using their cards more often. Spending by millennial and Gen Z customers was up...

Earnings
Equifax: Adoption of Cloud, AI Technologies Drive Company’s ‘Next Chapter’
July 18, 2024

Equifax expects its transition to cloud and artificial intelligence (AI) technology to deliver cost savings and drive innovation in 2024 and beyond. The global data, analytics and technology company said in a Thursday (July 18) earnings release that it is leveraging its new EFX Cloud and...

Earnings
United Airlines Hits Record High in Second-Quarter Passenger Volume
July 18, 2024

United Airlines set a record as it carried 44.4 million passengers — the highest for any second quarter in its history, the company said Thursday (July 18). “We’re running the best operation in our history,” United Airlines CEO Scott Kirby said during the earnings call...

Earnings
Commerce Bancshares Reports 3% YOY Growth in Loan Balances
July 18, 2024

Commerce Bancshares saw its net income increase 9% year over year, driven in part by expanding net interest margin. For the quarter ended June 30, the Missouri-based regional bank holding company with 142 branches in seven states posted a net income of $139.6 million, up...

Earnings
Discover Financial Sees Card Spending Decline as Consumers Remain ‘Cautious’
July 18, 2024

Discover Financial Services reported second-quarter results that indicated consumers are turning to debit transactions, while the company’s card sales slipped year on year. CFO John Greene said on the Thursday (July 18) earnings call that Discover card sales were down 3% from the prior year....