Earnings

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

Truist Sets Aside $844M For Bad Loans Amid Weak Q2 Consumer Business

Truist Sets Aside $844M For Bad Loans Amid Weak Q2 Consumer Business
Truist Sets Aside $844M For Bad Loans Amid Weak Q2 Consumer Business
July 16, 2020  |  Earnings

Charlotte, North Carolina-based Truist Financial Corp. on Thursday (July 16) became the latest bank to report some good news in its second-quarter results, but there...

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BoA Adds $4B To Reserves Even As COVID Boosts Mobile, Digital Users
BoA Adds $4B To Reserves Even As COVID Boosts Mobile, Digital Users
July 16, 2020  |  Earnings

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter...

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Domino’s Rolls Out New Stores; Reports Double-Digit Q2 Sales Increase
Domino’s Rolls Out New Stores; Reports Double-Digit Q2 Sales Increase
July 16, 2020  |  Retail

Domino’s Pizza is expanding its store footprint in a turbulent 2020, as the pizza delivery giant rides a double-digit increase in sales amid the pandemic-driven...

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Bitcoin Daily: Crypto Investor Sues IRS; Crypto Advocates Eye US Senate Bills That Target Encryption
Bitcoin Daily: Crypto Investor Sues IRS; Crypto Advocates Eye US Senate Bills That Target Encryption
July 15, 2020  |  Bitcoin

A former Coinbase user, Jim Harper, is looking to protect his privacy from the IRS through a lawsuit, CoinDesk reported. Get the Full Story Complete...

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Today In Payments: BigCommerce Eyes IPO; Biggest Banks Brace For Loan Losses
Today In Payments: BigCommerce Eyes IPO; Biggest Banks Brace For Loan Losses
July 15, 2020  |  News

In today’s top news, BigCommerce filed for an IPO, and the country’s largest banks have set aside almost $30 billion to cover COVID-19-related losses. Plus,...

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Goldman’s Consumer Deposits Increase By $20B In Q2
Goldman’s Consumer Deposits Increase By $20B In Q2
July 15, 2020  |  Earnings

Goldman Sachs reported on Wednesday (July 15) that consumer deposits grew by a record $20 billion to $92 billion during the second quarter as the...

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Goldman’s Apple Card: What Will Q2 Hold?
Goldman’s Apple Card: What Will Q2 Hold?
July 15, 2020  |  Apple Pay

Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs, Apple and Mastercard — is expected to be a hot topic on...

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Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses
Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses
July 14, 2020  |  Earnings

Big banks kicked off the second-quarter earnings season Tuesday (July 14) by reporting COVID-weakened consumer banking revenues, but bright spots in trading and digital. While...

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JPMorgan Q2 Chase Credit Card Volume Plunges 23 Pct
JPMorgan Q2 Chase Credit Card Volume Plunges 23 Pct
July 14, 2020  |  Earnings

J.P. Morgan Chase – America’s biggest bank in asset terms – on Tuesday (July 14) became one of the first financial firms to show how...

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