Zelle P2P payments increased 97 percent in the fourth quarter of 2018, Bank of America said Wednesday (Jan. 16), signaling the latest burst of growth for that payment method. During that quarter, consumers made 52 million payments worth $14 billion via Zelle. Get the Full...
A U.S. Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s CEO Tim Sloan on Tuesday (Jan. 15), as the financial institution (FI) disclosed its Q4 2018 earnings. Wells Fargo also reported single-digit gains...
In what is becoming what seems to be a familiar theme as banks report earnings, trading revenues plummeted at the end of last year, but other drivers remained intact. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Citigroup’s trading business may have been the focus on Monday (Jan. 14) upon releasing fourth-quarter results – injecting a bit of volatility into the numbers – but mobile initiatives and credit trends showed traction in the latest set of data from the company. Get the...
Citing a slowdown in China’s economy and a trade war between the U.S. and China, Samsung forecast a decline in operating profits for the fourth quarter, marking the first time in two years it had to issue a warning. Get the Full Story Complete the...
Amid rising digital sales, Kroger beat analysts’ revenue and earnings estimates for the third quarter. The grocer, which also noted growth for its Our Brands products, reported revenues of $27.67 billion and earnings of 48 cents compared to estimates of $27.56 billion and 43 cents, respectively. Get...
Airbnb, the home-sharing company that is expected to go public via an initial public offering (IPO) in 2019, saw more than $1 billion in revenue in the third quarter, according to a report offering the first glimpse into the company’s revenue. Get the Full Story...
It would be an overstatement to say that Amazon should be incredibly worried about Walmart these days — as Amazon is undeniably doing great by almost any rational measurement. Still, coming off Q3’s latest earnings report, it might not hurt Amazon to look over its shoulder...
Uber’s Q3 2018 financial results show that the company’s net losses increased 32 percent to $939 million quarter over quarter. 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...
