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...
Amid the companies kicking off earnings season, JPMorgan Chase and Co. reported results that showed consumer spending remains resilient in the face of global macro pressures. Its card loans are up high single digits – which, at a company level, shows continued traction in digital...
Citigroup had a flat third quarter but reported year-over-year gains in treasury and trade solutions services for that period. The financial institution, however, beat analysts earnings expectations — just barely — in what CEO Michael Corbat called an “unpredictable quarter.” Get the Full Story Complete the form to...
Two recent studies on app activity show that global app revenue grew significantly year-over-year in the third quarter of 2019. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Levi Strauss & Co. is putting more of its hopes into digital and mobile channels — and online culture — to expand revenue and its brand profile, and make up for declining wholesale sales. The success of that ongoing effort could provide lessons or warning for...
