The U.S. mortgage market has “weakened meaningfully” since July, though the rest of the U.S. market remains as healthy as it was, Equifax Chief Financial Officer and Chief Operations Officer John Gamble said Tuesday (Oct. 20) during an earnings call. “Mortgage market transaction volume began...
Regions Financial Corp., parent company of Regions Bank, expects the cost of cybersecurity to increase its adjusted noninterest expense by between 1.5% and 3.5% for full-year 2026, Chief Financial Officer Anil Chadha said Friday (Oct. 16) during an earnings call. The company’s investments in technology and infrastructure drove a...
Having shifted to a platform operating model over the past few years, BNY is now realizing the benefits of new model by having its teams come together to develop more integrated and innovative solutions for clients, BNY CEO Robin Vince said Thursday (Oct. 15) during the bank’s third quarter earnings call. “Changing how...
Grocery giant Albertsons is planning an extensive overhaul as inflation continues to hinder consumer spending. The company released quarterly earnings Tuesday (Oct. 13) showing a sales dip of 0.8%, and said it was pausing its financial guidance as it undertakes a sweeping business review. “Sales and earnings growth have...
UnitedHealth Group is using artificial intelligence and streamlined digital tools to tackle rising consumer demand and long-standing operational bottlenecks across the healthcare ecosystem. Speaking during the company’s third-quarter earnings call Tuesday (Oct. 13), CEO Steve Hemsley stressed a company-wide effort to develop modern “agentic infrastructure” designed to care...
Wells Fargo is devoting “significant management time and resources” to building artificial intelligence (AI) capabilities and driving value across its operations, Chairman and CEO Charlie Scharf said Tuesday (Oct. 13) during a third quarter earnings call. The bank is using AI and, in some cases, autonomous agents...
The race to modernize corporate payments is becoming a contest over where businesses want their money to live, rather than how quickly they can move it. This was made evident during Citigroup’s third-quarter 2026 earnings, reported Tuesday (Oct. 13). While the bank beat Wall Street...
JPMorganChase’s third quarter results showed consumers kept spending and borrowing during the quarter, while credit quality remains strong. Management also detailed Tuesday (Oct. 13) that inside the bank, artificial intelligence was being put to work in software development, operations and tasks performed by AI agents....
When Samsung Electronics releases its preliminary third quarter results Thursday (Oct. 8), analysts will be looking for data on whether memory chip margins have peaked and whether the artificial intelligence spending boom remains durable, Reuters reported Wednesday (Oct. 8). Samsung will release its preliminary third...