Discover Financial Services said via an 8-K filing with the Securities and Exchange Commission that its chargeoff rate in October was 2.4 percent, up from 2.2 percent in September, and that rate was also up from 2.1 percent in October a year ago. Get the...
American Express said via an 8-K filing with the Securities and Exchange Commission that its credit metrics were roughly flat in October. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In the wake of a stunning election sweep by the Republicans, from the presidency to the halls of Congress (and down the ballot in many places), stocks had been widely expected to sink. But they did not. It was a week of surprises, to put...
Retailer Kohl’s shares are on a tear, with the department store operator posting earnings per share that were better than expected as the company managed inventory turns efficiently. At this writing, the stock was up nearly 12 percent to $51 intraday Thursday (Nov. 10). Get the Full...
Burberry’s fiscal fabric is bunching. The London-based fashion company just posted a significant drop — 40 percent — in its fiscal profits, further highlighting the challenge that luxury is facing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Green Dot, the prepaid card and bank operator, said Wednesday (Nov. 9) that revenue and earnings surpassed Wall Street expectations, driven by growth in its core card business and in newer initiatives, such as direct deposit and fund reloading on those cards. Get the Full...
After several quarters of declines, First Data's SMB business sees a turnaround, with CEO Frank Bisignano telling analysts that the firm is gaining inches in a hard-fought, long-term “ground game.” That was enough for The Street to bid shares up with enthusiasm.
ACI Worldwide missed estimates for the third quarter and reduced guidance for the near term, after the firm announced earnings results Thursday (Nov. 3). The firm said timing played a factor in missing estimates, as those renewals slipped beyond the quarter’s closing. Get the Full...
Shares of the social media giant slumped after-hours as it seems that, according to the company, stellar numbers are going to be harder to come by going forward. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
