Banks are increasingly chasing a new kind of relationship with their enterprise clients. As BNY stressed to investors during its Thursday (April 16) first quarter 2026 earnings call, instead of simply providing custody, payments or treasury services, BNY is now positioning itself as an operating...
Bank of America’s first-quarter results, released Wednesday (April 15), show U.S. consumer spending holding steady against macro volatility, with more than $1 trillion in consumer flows moving through the bank’s payments ecosystem during the quarter. “The U.S. consumer continues to spend through all these different...
Banking is becoming less about transactions and more about systems. Payments are becoming less about movement and more about orchestration. And the role of CFO is evolving accordingly. At least, that was the high-level message Citi’s leadership team shared on the company’s Tuesday (April 14)...
Rent the Runway spent fiscal year 2025 making the biggest inventory bet in its history. More clothes in circulation meant fewer cancellations, stronger retention and a path back to growth. It worked. Now the New York-based clothing rental company is asking a harder question: once...
Using technology to streamline the buying and selling of cars is on the agenda at CarMax, as the used car retailer prepares a new strategic plan under the leadership of a new CEO. Keith Barr, who became president and CEO of CarMax on March 16, said...
In its latest quarterly results, released Tuesday (April 14), JPMorgan reported $16.5 billion in net income on $50.5 billion in revenue, with loans climbing to $1.5 trillion and average deposits reaching $2.6 trillion. The numbers are holding steady, but the bank is navigating two tracks...
Goldman Sachs kicked off the earnings season on Monday (April 13) with conviction: private credit is still worth the risk, even as the market makes that bet riskier. In a call with analysts, Chief Executive Officer David Solomon said the firm continues to “feel good...
Levi Strauss & Co. is making progress on its drive to become a “DTC-first denim lifestyle brand,” executives said Tuesday (April 7) during an earnings call. During the quarter ended March 1, direct-to-consumer (DTC) sales accounted for 52% of the company’s total net revenues, according...
Braze is using its latest earnings report to make a broader point about where customer engagement software is heading. The issue in this quarter was not just growth. It was whether large brands are treating customer engagement as a core part of their artificial intelligence...