United Airlines reported that Q4 2020 operating revenue plunged by 69 percent from Q4 2019 as the pandemic continued to challenge the aviation industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Pointing to increased demand for premium products and continued lifestyle changes from the coronavirus, Procter & Gamble reported an 8 percent increase in total revenues Wednesday, led by a 50 percent increase in its online sales. In announcing its fiscal second-quarter results, the Cincinnati-based consumer...
Netflix announced Tuesday (Jan. 19) as part of its fourth quarter earnings that it topped 200 million paid memberships in Q4, with 8.5 million paid net additions during that time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Echoing trends seen up and down Wall Street, fourth-quarter results from Goldman Sachs show huge gains in revenues tied to asset trading. But the results also underscored the continued push into consumer banking, and specifically online banking. Get the Full Story Complete the form to...
Bank of America announced on Tuesday (Jan. 19) that its revenue net of interest expense for Q4 2020 fell 10 percent compared to the year-ago quarter, as the ranks of its mobile and digital banking users climbed. Get the Full Story Complete the form to...
The earnings theme for Tuesday (Jan. 19), at least in financial services, might be termed: A tale of two banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
In the first wave of Q4 earnings reports, J.P. Morgan Chase, Citigroup and Wells Fargo showed the pandemic’s impact on critical lending and spending, and of course debt repayment, may not have been as bad as had been feared in the dark days of Spring 2020....
Citigroup reported stronger than expected Q4 earnings Friday (Jan. 15) that showed a solid digital business, but fell short on expected revenue. Earnings fell by 7 percent to $4.63 billion, or $2.08 per share — well ahead of analysis predictions of $1.34 a share. Revenues...
Wells Fargo reported on Friday (Jan. 15) as part of its Q4 2020 earnings that its provision for credit losses fell $823 million. The bank attributed the drop mostly to a $757 million reserve release due to the announced sale of its student loan portfolio...
