Earnings season marks a scorecard of sorts, a regularly scheduled progress report on top and bottom lines and, in payments, a seemingly inexorable shift toward frictionless commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
While Discover Financial Services reported a 78 percent increase in its fourth-quarter earnings, the company missed Wall Street expectations by 3 cents. As a result, Discover shares fell 1.2 percent in after-hours trading on Thursday (January 24), according to Seeking Alpha. Get the Full Story...
After a disappointing holiday quarter in 2017, the pressure was on Starbucks, which reported its most recent quarterly earnings yesterday (Jan. 24). Investors were eager to see if the brand’s efforts to streamline its special offerings, and efforts for holiday 2018, had brewed up a merrier picture....
Zelle, traditional banks’ answer to Venmo and Paypal, continues to grow in usage, not only with customers but with banking institutions as well, according to reports. Zelle’s operator, Early Warning Services, reported a Q4 payment volume of $35 billion, which is up 12 percent from...
Capital One’s domestic card loans increased 8 percent in the fourth quarter of 2018, the bank said on Tuesday (Jan. 22) as company executives gave an update of its card deal with Walmart. The financial institution (FI) said that, as of the end of Q4,...
American Express posted earnings results on Thursday (Jan. 17) after markets closed that missed the Street, as merchant and services revenues were both below expectations, and write-offs tied to its lending business grew. Specifically, card member loan provisions were $679 million, up 21 percent from last year....
Netflix, which recently announced its largest price increase in more than a decade, said Thursday (Jan. 17) that it added 8.8 million memberships in the fourth quarter of 2018 — 1.5 million in the U.S. and 7.3 million internationally. Those additions came as the streaming...
Goldman Sachs as FinTech player? 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 receive...
Goldman Sachs saw its latest quarterly results beat Street estimates, helped by a combination of investment banking-related activity – but also by strength in its lending activities, which included Marcus, the online lending and high-yield savings account operation launched a few years ago. Get the...
