Regions Financial Corp. reported continued growth in customers’ digital usage and transactions during the second quarter, with President, CEO and Chairman John M. Turner highlighting its online banking and mobile app offerings as “key initiatives that are central to our long-term strategy.” Speaking during a Friday (July 17) earnings call, Turner said...
Fifth Third Bancorp is seeing early results of its merger with Comerica, is making progress on the integration and is set to launch its systems conversion over Labor Day weekend, Fifth Third Chairman, CEO and President Tim Spence said Friday (July 17) during a second-quarter earnings call. “When we...
Truist’s second quarter displayed a range of puts and takes shaping consumer banking. Customers kept spending, mobile activity rose and credit losses eased, while the movement of cash into higher-yielding accounts continued to raise funding costs. The quarter also marked Bill Rogers’ final earnings call...
Every claim UnitedHealth processes, every prior authorization it reviews and every patient interaction it handles now runs through artificial intelligence (AI). The company is turning that internal overhaul into a commercial product line. “Virtually everything that we do, we see it basically as the operating...
U.S. Bancorp leaned on payments to power a record quarter. The bank’s second-quarter results, released Thursday (July 16), show a customer base still spending, borrowing and embracing digital banking products, while its payments business supplied fresh fuel for growth. The company reported record quarterly revenue...
United Airlines saw strong demand from travelers in the second quarter despite higher ticket prices caused by surges in the price of fuel, executives said Thursday (July 16) during an earnings call. “In the quarter, United carried 10 of our highest passenger days in company...
Bank of New York Mellon’s (BNY) record second-quarter results announced Wednesday (July 15) were built on some of the oldest activities in finance: safeguarding assets, processing transactions, managing collateral and earning interest on client balances. The bank reported record revenue of $5.7 billion, up 13%...
The launch of artificial intelligence-powered imaging and mapping capabilities for electrophysiology, early momentum for a drug releasing system for bladder cancer treatment, and progress toward a table-integrated robotic surgical system are among the latest innovations from pharmaceuticals and MedTech company Johnson & Johnson. Johnson &...
Few signals across financial services are delivered as clearly and collectively as the ones on what’s become Wall Street’s own “Super Tuesday” for bank earnings. Five of Wall Street’s largest banks reported record revenues Tuesday (July 14). JPMorganChase, Goldman Sachs, Bank of America and others...