Earnings

PNC: Commercial Real Estate Drives 8% Rise in Net Loan Charge-Offs
Earnings
PNC: Commercial Real Estate Drives 8% Rise in Net Loan Charge-Offs
July 16, 2024

PNC Financial Services Group saw expected increases in total nonperforming loans and net loan charge-offs in the second quarter. 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...

Bank of America: Consumers Still Have Borrowing Power Left on Their Credit Cards
Earnings
Bank of America: Consumers Still Have Borrowing Power Left on Their Credit Cards
July 16, 2024

For Bank of America, digital channels have represented avenues of continued growth, making inroads with credit card spending in particular. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

AI Opportunities, Cyber Vulnerabilities Define UnitedHealth’s Latest Earnings
Earnings
AI Opportunities, Cyber Vulnerabilities Define UnitedHealth’s Latest Earnings
July 16, 2024

In February, UnitedHealth Group Inc.’s Change Healthcare unit suffered a far-reaching cyberattack. 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. By...

Big Bank Earnings Show Mixed Signals on Consumer Credit Health
Earnings
Big Bank Earnings Show Mixed Signals on Consumer Credit Health
July 15, 2024

Get enough data points in place, and you have a trend. 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. By completing...

Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
Earnings
Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
July 15, 2024

Goldman Sachs’ GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing. 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...

Delta Airlines Q2 Earnings: Business Travel Continues to Surge
Earnings
Delta Airlines Q2 Earnings: Business Travel Continues to Surge
July 12, 2024

Business travel at Delta Air Lines is surging, exceeding expectations with “mid-teens” growth, according to a Thursday (July 11) Q2 earnings transcript. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
Earnings
Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
July 12, 2024

Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers are falling behind a bit amid evidence of budget tightening. Get the Full Story Complete the form to unlock this...

Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Earnings
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
July 12, 2024

Banks today are caught between an ongoing digital shift and a challenging macro environment. 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 Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
Earnings
JPMorgan Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
July 12, 2024

JPMorgan’s latest results, released Friday (July 12), showed that consumers continued to use their cards in full force, for both debit and credit payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...