Earnings

Wells Fargo: Credit Card Revenues up 6% as Consumer Spending Remains Resilient 
Earnings
Wells Fargo: Credit Card Revenues up 6% as Consumer Spending Remains Resilient 
January 13, 2023

The $3.7 billion settlement with the Consumer Financial Protection Bureau (CFPB) hit Wells Fargo’s profits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Bank of America’s Digital Sales up 22% as Mobile Users Surge
Earnings
Bank of America’s Digital Sales up 22% as Mobile Users Surge
January 13, 2023

For Bank of America, the great digital shift is very much in evidence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Citi Expects Mild Recession in US in Second Half of 2023
Earnings
Citi Expects Mild Recession in US in Second Half of 2023
January 13, 2023

Citi sees a macroeconomic environment that is better than expected in the new year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

JPMorgan Braces for Recession as Credit Loss Provisions Jump 49%
Earnings
JPMorgan Braces for Recession as Credit Loss Provisions Jump 49%
January 13, 2023

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Goldman to Report $2B Loss in Credit Card, Installment Businesses
Earnings
Goldman to Report $2B Loss in Credit Card, Installment Businesses
January 08, 2023

Goldman Sachs is reportedly set to unveil a $2 billion loss in its new business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

FedEx Earnings Put Discretionary Spending In Spotlight as Package Volume Drops 
Earnings
FedEx Earnings Put Discretionary Spending In Spotlight as Package Volume Drops 
December 21, 2022

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Costco Still Betting on Low-Priced Food Despite Softening Sales
Earnings
Costco Still Betting on Low-Priced Food Despite Softening Sales
December 09, 2022

Costco continues to lean on low-priced food options to attract shoppers even as performance lags. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Carvana Runs Out of Gas
Earnings
Carvana Runs Out of Gas
December 07, 2022

Whatever happens, Carvana’s downward spiral shows there’s no easy path to forging the connected economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Allegro Slashes Value of Czech Acquisition Despite 25% YoY Growth
Earnings
Allegro Slashes Value of Czech Acquisition Despite 25% YoY Growth
November 30, 2022

Allegro has written down the value of Mall Group and WE|DO by 56%. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....