To paraphrase some thoughts that ran earlier in this space: rate hike, no rate hike, now rate hike, nope rate hike? The jobs numbers reported on Friday (June 3) were dismal, to put it mildly, with a paltry showing of 38,000 new additions to the...
Two big segments of the world made news last week: politics and payments. And although there is no shortage of controversy about the former, we thought we’d stick with the latter, where there was more than enough drama to go around. Take, for example, the...
Down 12 percent in the wake of earnings results, Square’s stock is taking a linear path downward. The second quarterly report by the payments processor since going public in a disappointing debut in November of last year (but shares have rebounded by 50 percent) showed...
Green Dot reported earnings of $0.78 per share, beating the average analyst estimate of $0.70 a share. In addition, the firm stated that it showed $228 million on the top line, better than the $213 million that consensus held for the metric. The guidance for the full...
TSYS said Tuesday (April 26) night that it had adjusted profit of $0.66 a share, up 22 percent year over year, which was $0.04 better than The Street. The latest bottom line beat came even as the firm missed top line estimates, coming in at about...
In a sign that payments processor First Data may be turning a corner as it trims back expenses and continues investment in new business areas, which weighed on margins, the firm, which went public last year, put up numbers for the March quarter that beat...
What do the latest numbers from American Express tell us about the state of the credit card carrying consumer? In the U.S., certainly, the spending engines are purring nicely, and elsewhere, cards are being brandished as well. The payments giant posted better earnings than The...
Will the relief rally in the financial sector continue? With the most recent results posted by Discover Financial Services and the stock up 4 percent after hours on the news, the answer seems to be affirmative. As reported by the company after the bell, the...
It seems like every month, retailers get their hopes up that the end of low sales is just the turn of a calendar page away, and every month, they come away disappointed. The numbers from March aren’t much different, as the U.S. Census Bureau released...
