Square's gross payment volumes surged 29 percent year over year and larger sellers, at volumes $125K and above, were a larger percent of the mix — and lending increased by double digits. Oh, and not surprisingly, there were even some bitcoin-related revenues.
Class action settlements are in the rearview mirror, and September quarter results topped the Street. LendingClub pointed to double digit loan originations and margin expansion -- spurred by rising rates that management termed a "dynamic" operating environment that provide further tailwinds to quarterly results.
OnDeck Capital said in its third-quarter results that loan origination volume jumped double digits year over year and sequentially, where the volume of $648 million was up 22 percent from the 2017 third quarter and up 10 percent from the second quarter of this year....
Ant Financial, the Chinese FinTech giant and an affiliate of Alibaba Group, posted an earnings pre-tax loss of 2.4 billion yuan ($353 million USD) for the quarter ending Sept. 30. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
For Alibaba, the situation is a fluid one — uncertain enough on a macro level to cut guidance — as the Chinese consumer continues to spend on all manner of goods sold online, but not at previously lofty levels. Get the Full Story Complete the...
Double-digit growth marked Western Union's digital offerings, and now represents 12 percent of the firm's key C2C business. Management pointed to solid growth spanning several cross-border corridors — and, of course, the new pact with Amazon got its share of attention on the post-earnings call.
Lower ATM operating revenue in the U.K. and Australia helped depress Q3 earnings revenue for Cardtronics, the world’s largest owner of ATMs. Late Thursday (Nov. 1), the company reported a 15 percent year-over-year decline in total revenue to $340.2 million. Get the Full Story Complete...
Wall Street waits with bated breath for Apple’s earnings. After all, a $1 trillion market cap implies hefty expectations for the tech giant. Amid a general downdraft in technology companies, investors fret about slowing growth, about interest rates, about the state of the mighty U.S. consumer...
Smartwatches and repeat customers helped Fitbit beat analyst revenue expectations in the third quarter of 2018 — and those two factors could become even more important in the months to come. Enterprise healthcare, too, could provide more fuel for future growth, company executives said. Get the...
