Discover Financial Services posted fourth-quarter results that topped earnings expectations on the heels of loan growth and payments volume. 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 to...
The streaming wars have started in earnest, and with the first Netflix earnings reports since late 2019, dual launches of Disney+ and Apple TV’s streaming services clearly have the digital streaming giant starting to feel the pinch. Netflix reported earnings for the first quarter (Q4...
Amid the spate of financial institutions reporting results that show increased traction in consumer spending — especially across credit cards — add Capital One Financial to the list. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
There are a few common themes among big bank earnings reports. 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 to our daily newsletter, PYMNTS Today. By completing...
Retailers having a less than festive holiday season saleswise has become an increasingly repetitive storyline in early 2020, as the earnings results are rolling in and the revenue figures have been disappointing. Macy’s, Kohl’s, JCPenney, Five Below, L Brands and Bed, Bath & Beyond all...
Zelle peer-to-peer (P2P) payments increased 76 percent year-over-year in the fourth quarter of 2019, Bank of America said on Wednesday (Jan. 15), marking the latest growth surge for that payment method. During the quarter, consumers made 95 million payments worth $23.8 billion using Zelle. Get the Full Story...
All quarterly reports have puts-and-takes, and variations on themes – and, for banks, the theme has thus far been a return to growth in at least some Wall Street-related activities, along with evidence that the consumer remains strong. Get the Full Story Complete the form...
With increasing sales from its consumer business and formidable fixed-income trading revenues, Citigroup reported quarterly results Tuesday (Jan. 14) that handily came out ahead of analyst expectations for the fourth quarter. The financial firm’s global consumer banking division registered $8.5 billion in sales, which marked a...
For Wells Fargo (at least, when it came to the latest earnings report), it was all about the costs — and scandals. Charles Scharf, the new CEO who took the helm in October, has his work cut out for him. Get the Full Story Complete...
