Fresh off headlines tied to JPMorgan CEO Jamie Dimon’s appearance on Capitol Hill and a shareholder letter that pointed toward resilient economic fundamentals in the United States and the promise of digital banking, the bank posted first-quarter results that topped expectations. Get the Full Story...
Wells Fargo came through with a better than expected earnings report on Friday morning (April 12) before the market opened. Revenue came in at $21.609 billion, ahead of the $21.012 billion forecast, while earnings was $1.20 per share, well above the $1.09 analysts had been...
Earnings for U.S. banks kick off this week, with analysts expecting earnings in the first quarter to contract, marking the first time in three years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Amid a competitive landscape that is intensifying along with margin pressures, drugstore chain Walgreens Boots Alliance Inc. missed earnings estimates for the fiscal second quarter that ended Feb. 28. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
While China’s Tencent reported lower-than-expected net profits in its fourth quarter earnings, some of its emerging businesses have seen significant growth. The company revealed that its Q4 net profit declined 32 percent to ¥14.2 billion ($2.1 billion USD), falling below analysts’ prediction of ¥18.3 billion. The decline was due...
Kroger is not backing away from its bet that ongoing and significant investments in digital and eCommerce capabilities will lead to success in the coming years. But for now, investors are skeptical, as they showed Thursday (March 7) when the grocery chain’s stock price took...
Amid a double-digit increase in digital sales and a focus on omnichannel efforts, Kohl’s Corporation beat analysts’ top-line revenue and earnings estimates for the fourth-quarter of 2018. The department store retailer reported revenues of $6.8 billion and earnings per share of $2.24 compared to analysts’...
When Square released its Q4 financial results, the company reported that bitcoin sales accounted for $166 million of its revenue last year, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Dutch payments processor Adyen logged a Q4 earnings report that came in above analyst expectations. Adyen processes payments for such household names as Spotify, Uber, and Gap and Netflix, among many others, and has been popular with investors since its public debut last June. The...
