Cross-border payments platform Wise saw year-over-year increases of 24% in cross-border volume and 17% in active customers as it continued to add new partnerships, the company said Thursday (July 17) in its latest quarterly trading update. With these gains made during the first quarter of...
Fifth Third Bancorp saw its investments in tech-enabled products continue to pay off in the second quarter, Fifth Third Chairman, CEO and President Tim Spence said Thursday (July 17) during the company’s quarterly earnings call. In commercial payments, the company’s investments in its Newline by...
U.S. Bancorp, the country’s fifth-largest commercial bank by assets, isn’t typically the flashiest name in financial services or FinTech. But on Thursday morning’s (July 17) second quarter 2025 investor earnings call, the Minneapolis-based financial institution’s executives stressed to investors that they was doubling down on...
Albertsons Companies saw growing engagement with its digital platforms during the last quarter. The food and drug retailer’s digital sales increased 25% during the quarter ended June 14, outpacing its 2.8% increase in identical sales, Albertsons said in a Tuesday (June 15) earnings release. It also saw a 14%...
Commerce Bancshares said Wednesday (July 16) that it expects its planned acquisition of FineMark National Bank & Trust to support its efforts to grow its wealth management business. The planned acquisition of the private bank, which was announced June 16, will bring to Commerce Bancshares...
Times of uncertainty can require a transformation agenda. Even across industries like financial services where institutions tend toward incumbency and not agility. During Citi’s second-quarter 2025 earnings call on Tuesday (July 15), executives were asked during the Q&A session whether stablecoins “were a good opportunity”...
JPMorgan released second-quarter earnings results Tuesday (July 15) that spotlighted a thus far negligible impact from tariffs. Chief Financial Officer Jeremy Barnum told analysts during a conference call that consumers and commercial clients are in good financial shape, with strong credit metrics. CEO Jamie Dimon...
Wells Fargo is looking to grow after the Federal Reserve’s June 3 removal of the asset cap imposed on the bank in 2018. CEO Charlie Scharf said in a Tuesday (July 15) earnings release that Wells Fargo is “a far stronger company today because of...
Costco’s total company comparable sales increased 5.8% in June, driven by demand for fresh foods and non-food categories like jewelry, major appliances and gift cards. By region, the retailer’s sales were up 4.7% in the United States, 6.7% in Canada and 10.9% in its other...