How do consumers calculate interest rates as part of their financial planning? A PYMNTS Intelligence study, titled “How Financial Lifestyle Impacts Consumer Perception of High Interest Rates,” surveyed 2,364 U.S. consumers and analyzed additional economic data to explore the financial standing and sentiment amid inflationary...
President Donald Trump is reportedly advocating behind the scenes for a cannabis banking bill like those that have stalled in the Senate in the past. Trump has urged members of Congress to pass a such a bill before next year’s midterm elections, The Marijuana Herald...
Revolut booked its first billion-dollar annual profit in 2024, underscoring how the London-based super-app’s widening menu of wealth, credit and subscription services is translating customer growth into bottom-line results. The privately held company said Thursday (April 24) that group revenue soared 72% to $4.0 billion,...
In the landmark PYMNTS Intelligence study “How the World Does Digital,” thousands of consumers across 11 countries crystallized the continued shift to banking online, especially through mobile channels. Among the consumer that PYMNTS surveyed, 46.8% surveyed said they’d engaged with mobile banking apps at least weekly,...
With less than one month to go before its acquisition of Discover Financial Services, Capital One is on track to deliver synergies and forge an expanded consumer card and digital banking footprint in what the latter’s CEO, Richard Fairbank, said will create “something really special.”...
The movement by neobanks to branch into investing and credit card rewards, and investment platforms to branch out into banking, speaks volumes to the appeal of apps as digital front door to a continuum of financial activities. PYMNTS Intelligence has detailed that 60% of millennials, 57%...
The four financial services companies that reported results Thursday (April 18) — KeyCorp, Truist, American Express and Fifth Third Bancorp — faced investors against a backdrop of fresh tariff headlines, stubborn inflation and a rate path that is anything but clear. Yet the collective tone was...
KeyCorp’s latest earnings results showed growth in deposits, while management pointed to momentum in payments, including commercial payments, that should prove resilient even in the face of tariff-induced macroeconomic headwinds. The presentation materials released Thursday (April 17) indicate that average commercial loans were up 0.4%...
In a quarter overshadowed by tariff discussions and global economic jitters, three of the nation’s largest financial institutions — PNC, Citigroup, and Bank of America — presented first-quarter earnings Tuesday (April 15) that pointed to both lingering uncertainties and resilient consumer spending. Analysts and investors...