Wall Street

Verifone Meets FY 3Q EPS Views, Sees Organic mPOS Growth

Payments and commerce solutions firm Verifone reported results on Thursday that beat Wall Street on the top line, met on the bottom...

Sizzle/Fizzle

Kohl’s Sizzles, ICOs Fizzle And Juicero’s Cold-Pressed Sales Run Dry

Sizzle Kohl’s: Brick-and-mortar stores are the new battlefront for Amazon, and Kohl’s is the latest beneficiary. The physical retailer is joining forces...

Payments Company Stocks Post Winning Week

Payments stocks performed decidedly to the upside last week, with only one company showing losses, and scant ones at that. Square was...

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Walmart Online Sales Explode

Investors aren’t an easy bunch to please these days, especially investors with retail holdings who’ve had a rough go of things lately....

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First Data 2Q Top Line Beats Street On SMB Momentum

In its latest earnings report, First Data topped Wall Street estimates on the top line. CEO Frank Bisignano pointed to momentum in...

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PayPal And The Rewards Of Non-GAAP Accounting

When it comes to earnings, a bit of accounting can make all the difference. The way Wall Street looks at earnings, and...

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Payments Stocks Decline Amid Earnings Season’s Close

Stock performance was decidedly down this past week, as earnings continued to factor into investors’ sentiments over the payments space. The winners included...

Smartphones Boost Yoox Net-a-Porter Earnings

The retail industry is in transition, with the ever-growing eCommerce sales pushing brick-and-mortar stores to revamp the consumer experience. As a result,...

Payment Methods

Cardtronics Revenue Jumps In Second Quarter Thanks To Acquisitions

ATM owner and operator Cardtronics announced news on Wednesday (August 2) of a 19 percent increase to $385.1 million in its second quarter...

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Apple

Apple Beats Expectations — World Waits For The New iPhone Launch

Despite many predictions that the numbers would reflect a “lame duck” quarter for Apple, as consumers kept their wallets shut tight in anticipation of the next big...

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Corporate Banking Boosts BNP Paribas’ Q2 Performance

Top French bank BNP Paribas didn’t lose as much money as analysts predicted. Reports Friday (July 28) said the bank posted a...

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Market Conditions

Macro Hurts, And Starbucks Takes Leave Of Teas (Well, Teavana)

Even the coffee giant, that purveyor of caffeinated craving, is not immune to the vagaries of macroeconomics. Starbucks, as noted by Forbes...

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Amazon

Amazon Talks Margins And (Grocery) Markets

When one gets on a hot streak like the one Amazon has been on for the last several weeks, it can be...

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Mastercard Gets Vocal on VocaLink, Kroger, Masterpass

A rise in consumer spending, broad-based across several geographies, helped Mastercard beat Wall Street estimates for the second quarter. The company announced...

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Today In Data

Today in Data: Strong Earnings For All!

When it comes to earnings time, there is no company that’s not hoping for a positive outcome. From social media giants like...

Payment Methods

AMD Has Cryptocurrency Mining To Thank For Strong Q2

Advanced Micro Devices (AMD) wowed Wall Street Wednesday (July 26) after posting news of a strong showing in its second quarter. What’s...

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Discover Reports 8 Percent Increase In Q2 Credit Card Loans

Discover Financial Services announced news of its second quarter earnings results to Wall Street on Wednesday (July 26) that showed total loans...

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TSYS Beats Street on Card Growth

Credit card processor Total System Services reported results Tuesday after the markets closed that topped Wall Street expectations. Sales came in at...

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Payment Methods

Citi Lays Out Plans To Focus On Digital Services In First Investor Meeting In Years

Citi, in its first investor meeting since the 2008 recession Tuesday (July 25), announced plans to focus on digital services in the...

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McDonald’s Earnings Deep Fry Wall Street Expectations

“The [McDonald’s] brand is about fun. We really create delicious ‘feel-good’ moments for everybody that are also light hearted.” That was McDonald’s VP of...

Market Conditions

Blue Apron Shares Surge After Buy Rating

In Wall Street news, shares of Blue Apron Holdings, Inc., ARPN.N, jumped as much as 20 percent on Monday after several brokerages...

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Bank Regulation

Will Big Banks Get a Bottom Line Boost on Deregulation?

Banks’ bottom lines may get a boost from deregulation from Capitol Hill. Barron’s noted this past weekend that a spate of proposals...

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B2B Payments

Amex, IBM Make B2B Finserv A Mixed Bag For Q2

The year’s second quarter is a mixed bag for the financial firms servicing businesses. Muted corporate spend tempered American Express’ performance in...

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Today In Data

Today in Data: Friday Earnings Update

It’s earnings time again, and many companies have shared their numbers for the end of their respective sales quarters. In a mix...

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Capital One’s Stock Gets 5 Percent Boost

Capital One’s Q2 earnings are in and have beat Wall Street analysts’ expectations. While analysts polled by Reuters expected Capital One’s earnings...

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VISA

Visa Beats 3Q Estimates As Payments Volume Leaps

Double-digit transaction growth and strength in Europe boosted Visa’s earnings beyond the Street’s expectations, while management also gave the lift to expected revenue...

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BoA Beats Street on Consumer Biz; Mobile Use Grows

The second-biggest bank by assets, Bank of America, said Tuesday that earnings were up on gains in all businesses beyond trading, according...

Macy’s Leads The Rare Good Day On The Market For Physical Retailers

Macy’s had a good day on The Street on Monday, as data rolled in indicating that foot traffic declines had been somewhat...

Amazon Acquisitions

US Lawmaker Calls For Hearings On Amazon’s Whole Foods Bid

Amazon is facing calls from a U.S. lawmaker for Congressional hearings on its $13.7 billion bid for grocery store chain Whole Foods...

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Citigroup Beats on 2Q, Despite Trading Slip

Citigroup results came in better than expected for the second quarter, the firm said Friday, buoyed by growth in emerging markets and...

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Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up

Wells Fargo, trying to bounce back from a scandal involving falsified accounts, and any number of hits to its reputation since late...

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JPMorgan Chase Opens Earnings Season With Card Loan Growth, Mobile Additions

JPMorgan Chase posted results that helped kick off earnings season Friday morning. The firm showed traction in its loan book, mobile efforts...

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Bank Of America Latest To Lower iPhone Shipments Forecast

Apple has seen Bank of America Merrill Lynch join a growing list of Wall Street firms that are lowering their shipment forecasts...

850

Deutsche Bank Says Wall Street Is Too Giddy About Apple Prospects

Wall Street is getting excited about the prospects for Apple’s upcoming launch of the iPhone 8, but not everyone is expecting the...

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Banking

Goldman Sachs To Launch Mobile App For Consumers

Goldman Sachs, the Wall Street bank that has been offering more services to retail consumers in the last few years, is working...

Fraud Attack

Honda Stops Production In Japan After Computer Virus Hits Plant

Honda Motor Co. had to stop production at a domestic vehicle plant in Japan for a day after finding the WannaCry ransomware...

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Retail Stocks Lower as Amazon Takes Out Whole Foods

The more predictable casualties on Wall Street in the wake of the Amazon-for-Whole Foods deal may be grocers. But some big retailers,...

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Amazon Acquisitions

In Stock Market, Amazon Drowns Grocers To Save Whole Foods

Whole Food customers are still deciding whether the news of Amazon’s acquisition of the natural and organic foods giant is a good or...

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IPO

SNAP Stocks Drop To IPO Price Of $17 After Lackluster Quarter

Fame is a fickle friend, and it seems that Snapchat may have reached the end of its run, if investor confidence is...

Mobile Applications

Messaging App And Wall Street Darling, Symphony, Raises $63M

Symphony, a secure messaging app that has 15 of the largest banks across the globe as investors, raised $63 million in funding...

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WannaCry? Not If You’re In The Cybersecurity Business

There were not a lot of winners in the wake of the WannaCry attack — but cybersecurity stocks were among them. As Reuters reported, after the...

Wall Street Plummets Amid Retail Worries

Stocks: You mean they go down, too?!? Stocks, and especially marquee department store names, slid on Thursday in the United States, spurred by dismal...

Investments

Slight Downside To Payments Stocks As Q1 2017 Earnings Reports Continue

For Q1 2017, movement was a bit to the downside amid continued earnings reports this past week, as has been seen in...

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Target CEO 2016 Compensation Down Close To One-Third

Target, the embattled retailer that is seeing Amazon steal its market share, lowered the compensation for its Chief Executive Brian Cornell. According...

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Grocery Tracker: Instacart’s National Push

Which grocery stocks look most likely to see May flowers? Costco shares saw a spike in value mid-week in the last week...

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Synchrony Financial Stock Takes The Plunge

Not every investment is worthwhile. That’s the lesson Synchrony Financial learned following the downturn of its loans in Q1 2017. The supply for these...

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Bitcoin

Bitcoin Tracker: Crypto-Catch-22

In the last few weeks, three separate bitcoin exchanges have reported a halt on processing transactions in dollars — the result of...

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Alphabet Tracker: Waiting For Earnings, Waymo Grows Testing

The dog days are over for Alphabet (GOOG), as shares have regained growth momentum and then some following a dip in the...

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