Even before third-quarter 2025 earnings started rolling in, global businesses had warned of over $35 billion in costs from U.S. tariffs. That estimate is only rising as Q3 reporting hits the newsstands. Tesla alone flagged a $400 million loss for the most recent quarter due...
Capital One’s third quarter earnings results showed improving card performance, growth in purchase volumes on those cards, and synergies from the Discover acquisition that closed earlier in the year. Company materials noted double-digit growth year over year, given the impact of the Discover business. But...
Equifax is preparing to launch new fraud prevention tools amid an uptick in mortgage revenues. The credit bureau company on Tuesday (Oct. 21) released earnings showing a 7% increase in revenue, despite what it called headwinds from the U.S. hiring and mortgage markets. Mortgage revenues...
Cash management is king in an uncertain world. For treasury management and services providers, big banks and small firms, business is booming. Bank earnings reports show strong performance in treasury and payments divisions, with bulge bracket firms like Citi, Bank of America, JPMorgan and more...
American Express posted third-quarter earnings results Friday (Oct. 17) that indicated strong growth in card spending, particularly among consumers in the Generation Z and millennial cohorts. During a conference call with analysts, American Express CEO Steve Squeri said overall card spending grew by 9%, and...
U.S. Bancorp’s third-quarter earnings results, released before the markets opened Thursday (Oct. 16), indicated that growth in deposits, improved credit metrics and embedded payments were all drivers of results. The company is also looking ahead to stablecoins, with pilot programs on track over the near...
The tit-for-tat of global tariffs is back on. That reality is shifting profits around and increasingly off companies’ balance sheets. The trade spat with China is itself back on as a November exemption deadline looms. Additional tariffs on kitchen cabinets, vanities, lumber, timber and certain...
Bank of America’s third-quarter earnings results, released Wednesday (Oct. 15), showed momentum in spending on cards, growth in client balances held at the financial institution, and strong credit quality. Additionally, a consumer shift to digital channels to conduct day-to-day banking activities continued to have tailwinds....
Today’s economy remains oscillating between resilience, restraint and a hopeful rebound. This makes few barometers of consumer health as revealing as their spending habits, and puts Synchrony, the country’s largest private-label credit card issuer, squarely at the junction of retail spending, household liquidity and credit confidence....