In an outcome that surprised nearly no one, the massive $2.74 billion fine that European Union antitrust regulators handed down to Google for favoring its own commerce listings in search results took a fairly big bite out of Google parent company Alphabet’s profits during Q2....
Amex CFO Jeff Campbell told analysts that while card member spending grew, so did the costs of rewarding those well-heeled cardholders to keep them in the Amex boat. He also made it clear that Costco is increasingly in their rearview mirror as lending offers a...
The second-biggest bank by assets, Bank of America, said Tuesday that earnings were up on gains in all businesses beyond trading, according to the latest quarterly results. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Citigroup results came in better than expected for the second quarter, the firm said Friday, buoyed by growth in emerging markets and its overall loan portfolio. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Wells Fargo, trying to bounce back from a scandal involving falsified accounts, and any number of hits to its reputation since late 2016, posted results Friday that topped Wall Street expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
JPMorgan Chase posted results that helped kick off earnings season Friday morning. The firm showed traction in its loan book, mobile efforts and credit card portfolio. The headline numbers showed the largest U.S. bank (as measured by its asset base) beat Wall Street expectations. Get...
Payments firm Verifone posted second quarter results that came in at the high end of guidance for the top line, and edged Wall Street estimates on the bottom line by a penny — but investors sent the stock down three percent after hours amid news...
Investors were pleased with the results out of discount retailer Ross as earnings results hit the wires yesterday. Share were up more than 3 percent after earnings results on the top and bottom line came out ahead of, or in line with, analyst expectations. Get...
The world should watch Alibaba closely. 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...
