Get ready for more digital drive-throughs in the world of quick-service restaurants (QSRs). That was one of the main messages on Tuesday (Oct. 22) in the Q3 2019 earnings report from Chipotle. The move stands as the latest evidence of the tech revolution taking place...
Card member spending, higher-net interest income and card fees combined to produce an 11 percent year-over-year revenue gain for the Global Consumer Services Group of American Express in the third quarter of 2019. Get the Full Story Complete the form to unlock this article and...
SunTrust Banks Inc. reported results on Thursday (Oct. 17) that surpassed revenue expectations but fell in line with analysts’ earnings estimates for the third quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
BB&T Corp., ahead of its planned buy of SunTrust banks, posted results that beat expectations and showed a slight decrease in non-performing assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Netflix’s results were somewhat mixed when the streaming giant released its earnings figures Wednesday afternoon (Oct. 16), the market’s response to them was not. Shares of Netflix were up 10 percent in early after-hours trading. Get the Full Story Complete the form to unlock this...
Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. 16), signaling the latest burst of growth for that payment method. During the quarter, consumers made 80.8 million payments worth $20.8 billion using Zelle. Get the...
There are advantages to moving downstream — gaining new customers, of course, is a goal for any company. Yet, for Goldman Sachs’ new consumer banking division, the red ink is flowing, and relatively high default rates may raise eyebrows. Apple Card has its promise and...
In third-quarter earnings, credit card results at Citigroup Inc., JPMorgan Chase & Co., and Wells Fargo & Co. were a highlight. Nomura’s Bill Carcache noted that card performance was a “bright spot” and pointed out that he’s more bullish on card issuers than banks, Bloomberg...
Wells Fargo managed to a slight beat when it came revenue predictions when it announced earnings earlier today (Oct. 15) — but on the whole, there were more misses than hits by the numbers as the bank continues to recover for troubles that started to...
