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...
The consumer is doing just fine. 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 this form, you agree to...
Like clockwork, earnings season is here. Every three months, Wall Street takes stock (no pun intended) of how companies’ bottom lines are faring and whether top lines have traction. Financial news is abuzz with PE ratios, and how the Standard and Poor’s or Dow might fare...
As Walgreens made “substantial progress” on accelerating its digitalization, among other strategic priorities, the pharmacy chain had fiscal 2020 first-quarter revenues of $34.3 billion and adjusted earnings per share (EPS) of $1.37 per an announcement from the company on Wednesday (Jan. 8). Get the Full...
Pier 1 said on Monday (Jan. 6) that it intends to close nearly half of its 942 locations, according to CNBC, fueling rumors of bankruptcy as the company releases its quarterly earnings. The company specified that up to 450 Pier 1 stores will be closed....
