Earnings

Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due.

JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs

JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
April 15, 2022  |  Banking

When JPMorgan reported first-quarter earnings results this week, the company also built $902 million in reserves — a move that signals a tough credit environment...

READ MORE >
Stripe Reports Strong 2021 Growth, Warns It Won’t Be Repeated
Stripe Reports Strong 2021 Growth, Warns It Won’t Be Repeated
April 15, 2022  |  Earnings

Stripe handled more than $640 billion in payments in 2021 — an increase of 60% over the prior year — the two brothers who founded...

READ MORE >
Wells Fargo Posts Declines in Revenue, Home Lending
Wells Fargo Posts Declines in Revenue, Home Lending
April 14, 2022  |  Earnings

Wells Fargo released its first-quarter earnings report Thursday (April 14), showing a decline in revenue — a 20% drop in profit from last year —...

READ MORE >
Goldman Puts Legacy Lenders on Watch With Plan to Offer Digital Checking Accounts
Goldman Puts Legacy Lenders on Watch With Plan to Offer Digital Checking Accounts
April 14, 2022  |  Earnings

Despite the macro headwinds, the volatility in investment and Wall Street related businesses, Goldman Sachs continues to make headway in its consumer-facing segments — including...

READ MORE >
Rite Aid Posts Strong Year Amid Shuttering Unprofitable Stores
Rite Aid Posts Strong Year Amid Shuttering Unprofitable Stores
April 14, 2022  |  Retail

Rite Aid reported a strong close to the 2022 fourth quarter and full year, while also eyeing an outlook in 2023 that leads to the...

READ MORE >
Amazon’s Andy Jassy Hints More Prime Benefits on the Way
Amazon’s Andy Jassy Hints More Prime Benefits on the Way
April 14, 2022  |  Amazon

In his first letter to shareholders since taking the reins from Jeff Bezos in July, Amazon President and CEO Andy Jassy provided a history lesson...

READ MORE >
Rent the Runway Preps for Surge in Weddings, Events, Back-to-Work Blazers
Rent the Runway Preps for Surge in Weddings, Events, Back-to-Work Blazers
April 14, 2022  |  Retail

After doubling revenues and subscribers last quarter, the nation’s leading designer clothing rental platform is aiming to do so again, saying the surge in inflation,...

READ MORE >
EMEA Daily: Nexo, Mastercard, DiPocket Launch Credit Card; Umba Grabs $15M for Accessible Banking
EMEA Daily: Nexo, Mastercard, DiPocket Launch Credit Card; Umba Grabs $15M for Accessible Banking
April 13, 2022  |  Cross-border Payments

In today’s top Europe, Middle East and Africa (EMEA) news, Nexo launches a cryptocurrency Mastercard, while Umba closes a $15 million Series A fundraising round....

READ MORE >