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Financials & Fintech

JPMorgan & BlackRock Team Up With Saphyre

Reportedly, JPMorgan Chase & Co (JPM) and BlackRock Inc. have teamed up with Saphyre, an artificial intelligence technology startup to digitalize and automate the opening of custody accounts. The AI-powered system remembers when an asset manager uploads a specific document required to open a cus...

American Express Scheduled To Release Q3 Earnings & Webcast On October 23, 2020

American Express (AXP) to hold its Q3 earnings live audio webcast on October 23, 2020, at 8:30 a.m. ET to review and discuss its quarterly results, as per reports. The live audio webcast will be available on the company's website at http://ir.americanexpress.com for the general public followed by a ...

Nike Reports Strong Q1 Earnings Confirming An 82% Jump In Digital Sales

Sportwear giant NIKE, Inc. (NKE) released its Q1 earnings this week, performing above market estimates as digital sales surged and lockdown measures eased, allowing the brand to open stores worldwide. Nearly all of Nike’s locations were open across North America, Europe, the Middle East and Africa...

JPMorgan To Shift $230B Assets Ahead Of Brexit

As per the Bloomberg report, JPMorgan Chase & Co (JPM) intends to shift 200B euros (US $233.76 B) from the UK to Germany ahead of Britain's exit from the European Union. The bank plans to migrate the assets to its Frankfurt-based subsidiary by the end of 2020. The bank has also announced to exp...

The Walt Disney Company Lists Event Participation Of Senior VP & CFO, Christine McCarthy

As per reports, Senior Executive Vice President and CFO, The Walt Disney Company (DIS), Christine McCarthy to be a part of the question-and-answer session at the Citi 2020 Global Technology Conference. The event was hosted on Wednesday, September 9, 2020, at 11:25 a.m. PDT/ 2:25 p.m. EDT. Christine...

American Express Appoints Colleen Taylor, President, Merchant Services

As per reports, Colleen Taylor has been appointed as the new President, Merchant Services,  American Express (AXP) U.S effective September 14. Taylor will report to Group President, Global Merchant & Network Services, Anré Williams, and will take charge of building relationships with the milli...

JPMorgan Trading-Floor Senior Staff Have Been Asked To Return Office Amid The Pandemic By Sept 21

As per a Wall Street Journal report, JPMorgan Chase & Co (JPM) executives have asked senior employees of the bank's sales and trading operation and their teams to return to office by Sept. 21. The message was delivered in a conference call by the bank’s global head of sales and research, Marc...

Cisco Announces Quarterly Dividend Date Payable October 21, 2020

The Board of Cisco Systems, Inc. (CSCO) declared a quarterly cash dividend of $.36 per common share, payable on October 21, 2020, to all shareholders of record as on October 2, 2020. The company’s previous quarterly dividend of $0.36 per common share was paid on July 22, 2020. Cisco Systems, Inc....

JPMorgan To Stop Reimbursing Junior Employees For Uber & Taxi Rides To Work

As per Bloomberg's report, JPMorgan Chase & Co (JPM) will no longer pay its junior sales and trading staff for using an Uber or taxi to work, modifying the benefit which was given earlier to the staff below the managing director level amid the pandemic for commuting to work. The recent update h...

Visa Announces Global Partnership With PayPal Powering Faster Access To Funds Around the World

Visa Inc. (NYSE: V) and PayPal recently announced their global partnership that would help in expanding PayPal’s Instant Transfer service for small businesses and consumers that are sending or receiving money via PayPal, Venmo, or Xoom leveraging on Visa Direct for real-time payment capabilities ...

Travelers Announce Dates For Q3 2020 Earning Results

Reportedly, The Travelers Companies, Inc. (TRV), Inc. to release its Q3 2020 earnings results on October 20, 2020, at 9 a.m. ET. Interested parties can join the call over a live webcast at investor.travelers.com or by dialing in 844.895.1976 (U.S) / 647.689.5389 (Outside U.S). A Replay version of th...

American Express Modifies Pay Off Flexibility For Charge Card Holders

Reportedly, American Express Company (AXP) is allowing pay off flexibility to its charge cardholders allowing them to borrow more on their cards. Customers holding the firm’s green, gold and platinum business cards can avail the option in November. The flexibility will allow cardholders to pay off...

Alan Schnitzer, Chairman and Chief Executive Officer of The Travelers Companies, Inc. To Speak At Barclays Global Financial Services Conference Next Week

As per reports, Alan Schnitzer, Chairman and Chief Executive Officer of The Travelers Companies, Inc. (TRV) will join the Barclays Global Financial Services Conference on Tuesday, Sept. 15, at 8:15 a.m. ET to discuss the company’s business and/or financial performance. The event will be broadcast...

Goldman Sachs Settles 1MDB Payment To Malaysian Government With $2.5 Billion Payment

Reportedly, The Goldman Sachs Group, Inc. (GS) has made the $2.5 billion payment to the Malaysian government to settle charges of misconduct related to 1MDB. The government plans to use the funds to repay 1MDB’s outstanding debt, which includes $3.5 billion of bonds due in 2022 and 2023. The payme...

Nike Announces Release Date For Its Q1, Fiscal 2021 Earnings

Dow 30 component Nike Inc (NIKE) to announce its first-quarter fiscal 2021 financial results on Tuesday, September 22, 2020, at 1:15 p.m. PT, as per reports. The management team to host a conference call at 2:00 p.m. PT to discuss results. The event will be hosted live at http://investors.nike.com. ...

Brooklyn-based Tech Start-Up ConsenSys Announces Deal For JPMorgan’s Quorum

Reportedly, ConsenSys, a Brooklyn-based technology start-up has acquired Quorum, JPMorgan Chase & Co's (JPM) marquee block-chain platform. JP Morgan also announced a strategic investment in ConsenSys however, financial terms of the deal remained undisclosed. "We have acquired the Quorum IP, J...

American Express Secures Highest National Credit Card Issuer Ranking IN J.D. Power 2020 U.S. Satisfaction Study

As per reports, American Express (AXP) has been ranked as the highest national credit card issuer in the J.D. Power 2020 U.S. Credit Card Satisfaction Study with a score of 838, outranking the national average by 28 points. The card giant was ranked highest among communication and benefits and servi...

Verizon Partnering With Twitch Rivals North America To Push Boundaries of Gaming

As per reports, Verizon Communications, Inc. (VZ) is the official 5G and 4G LTE network partner of a tournament series made for Twitch streamers, Twitch Rivals North America. Verizon and Twitch to collaborate on activations at Twitch events, media, and broadcast integrations in Twitch Rivals streams...

American Express To Acquire Kabbage Seeking to Expand Its Digital Cash Flow Management Solutions For Small Businesses

Reportedly, American Express Company (AXP) has announced the acquisition of Kabbage, a  financial technology company providing Digital Cash Flow Management solutions to small businesses. The association marks an important step for American Express of being an essential partner to small businesses a...

The Home Depot Releases Q2 Results With Sales of $38.1B & Declares Quarterly Dividend

The Home Depot, Inc. (HD) released Q2 earnings recently, reporting sales of $38.1B, a 23.4 percent sales increase in comparison to last year's earnings for the same quarter. Net Earnings of $4.3 billion were reported or $4.02 per share, both witnessed an increase from the last year's figures. The ...

JP Morgan Chase Declares Dividend On Series V, X & II Preferred Shares

As per reports, JPMorgan Chase & Co. (JPM) announced dividends on the outstanding shares of the Firm’s Series V, X and II preferred stock. More information can be accessed on jpmorganchase.com/press-releases. JPMorgan Chase & Co (JPM) is a global financial service leader in investment ban...

3M Announces Quarterly Dividend, Payable September 12, 2020

The Board of 3M (MMM)  announced a cash dividend of $1.47 per common share for the third quarter. The dividend is to be paid on September 12, 2020, to shareholders as on August 24, 2020. 3M has maintained paying dividends to shareholders without fail for more than 100 years. 3M (MMM) is a global s...

Walmart Beats Q2 Estimates On Strong Shoulders Of E-Commerce Growth

Walmart Inc's. (WMT) second-quarter earnings ride high on e-commerce sales reporting a jump by 97%, as customers preferred getting their packages shipped to their home amid the pandemic.  Walmart expressed plans to build on the E-commerce gains by adding membership services that would speed up deli...

JP Morgan Announces Appointment Of Britain’s Former Finance Minister Sajid Javid

Reportedly, JPMorgan Chase & Co (JPM) announced the appointment of Britain's former finance minister Sajid Javid as a senior adviser of the bank's advisory council for Europe, the Middle East, and Africa (EMEA). Javid departed from his government role earlier this year after differences with Pri...

Coca-Cola Q2 Revenue Drops As Social Spaces Remained Closed Amid Covid-19

The Coca-Cola Company (KO) released second-quarter earnings last month, reporting net revenues of $7.15B. The soda giant witnessed a 28.5% drop in quarterly revenue as sales of its trademark sodas dropped due to closure of restaurants, theaters, and sporting venues caused by the COVID-19 pandemic. N...

JP Morgan Reported Better Than Expected Q2 Earnings But Dimon Inserted Economic Uncertainty Cloud

JPMorgan Chase & Co (JPM) announced Q2 earnings recently and performed better than the street's expectations. The bank reported revenue of $33.83 billion versus $30.57 billion expected and EPS (adjusted) of $1.38 versus $1.01 per share expected. Net income plunged by 51%, as the bank set aside $...

American Express Reports Mixed COVID-19 Shutdown Influenced Q2 Results

Dow Jones payments giant American Express Company (AXP) announced Q2 earnings recently, reporting earnings of 29 cents/share versus the street's expectation of 13 cents. Revenue declined 29% to $7.68 billion below analysts' expectations of $7.9 billion. The company set aside $1.6 billion for credit ...

Verizon’s Q2 Earnings Rise During Lockdown

Verizon Communications Inc (VZ) released Q2 earnings this week, beating estimates for quarterly profit and revenue as demand for its phone and internet services increased due to COVID-19 imposed lockdown pushing a rapid shift to remote working and learning. Also, higher demand for internet services ...

Visa Reports Q3 Earnings – Stumbles As Spending Remained Tight

Visa Inc.(V) released their quarterly earnings this week, reporting a 23% drop in quarterly profit for the quarter ending June 30, as consumer spending remained tight driven by unemployment caused by the COVID-19 imposed lockdown. Net income dropped $2.37 billion, or $1.07 per Class A share, lower t...

Goldman Sachs Reports Stronger-Than-Expected Q2

The Goldman Sachs Group, Inc. (GS) reported stronger-than-expected Q2 earnings this week reporting a revenue of $13.3 billion versus $9.71 billion expected and an EPS of $6.26 versus $3.95 per share estimated.  The bank's Fixed Income, Currency, and Commodities (FICC) sales, and trading revenue r...

American Express Introduces Its First Automated Accounts Payable Solution

American Express Company (AXP) recently launched its first proprietary automated accounts payable (AP) solution, American Express One AP™ helping U.S. businesses to process supplier payments more easily and efficiently. The platform offers complete end-to-end payment processing supporting multiple...

3M Announces Details For Q2 Earnings Call On July 28

As per reports, 3M (MMM) to host the Q2 2020 earnings conference call on Tuesday, July 28, 2020, at 8 a.m. CDT.  To join the call, interested parties can dial in (800) 762-2596 within the U.S. or +1 (212) 231-2916 outside the U.S. The event will be webcast live, the replay version of the event...

Microsoft Q4 Earnings Due July 22

Reportedly, Microsoft Corp (MSFT) to release its fiscal Q4 2020, earning figures on Wednesday, July 22, 2020, after the market closes. The results to be published on the Microsoft Investor Relations website at https://www.microsoft.com/en-us/Investor/ and interested parties can listen to the live we...

Walgreens Reports Q3 Loss Driven By Higher Costs/Low Doctor Visits

Walgreen Boots Alliance (WBA) released fiscal its Q3 earnings recently, reporting lower profits as there was a shift in sales to low-margin items, increased supply-chain costs, and increased expenses for labor and store cleaning. Walgreens confirmed that its profits were dragged down primarily by t...

UnitedHealth Group To release Fiscal 2020 Q2 Earnings on July 15

Reportedly, the UnitedHealth Group Incorporated (UNH) is scheduled to release its fiscal 2020 Q2 earnings on Wednesday, July 15, 2020, before the stock market opens. The company to hold a teleconference at 8:45 a.m. ET to review and discuss the results. Interested parties can view the call webcast o...

Visa Set to Announce Q3 2020 Earnings Release Date July 28th, 2020

As per reports, Visa Inc. (NYSE: V) to release its Q3, 2020 earnings on Tuesday, July 28, 2020. Visa’s executive management team to come together for a live audio webcast at 2:00 p.m. PT to discuss and review the results. Interested parties can listen to the live webcast at http://investor.visa.c...

Will Visa & Mastercard Revoke Wirecard AG’s Ability To Process Payments On Their Networks Post $2B Plus Scandal?

Reportedly, Visa Inc. (NYSE: V) and Mastercard Inc. (MA) may revoke Wirecard AG’s ability to process payments on their networks, after it started insolvency proceedings citing over-indebtedness and inability to assure it can continue as a going concern. The firm also faced a recent scandal that l...

Walgreens Boots Alliance Announces July 9, 2020 For Its Fiscal 2020 Q3 Earnings

As per reports, Walgreens Boots Alliance, Inc. (WBA) is scheduled to release its fiscal 2020 Q3 earnings on Thursday, July 9, 2020, at results at 7 a.m. Eastern time. A one-hour conference call with WBA management to begin at 8:30 a.m. Eastern time. The event can be accessed at WBA investor relatio...

American Express Joint Venture To Start Operations In China Ahead Of China’s Central Bank Approval

Reportedly, China's central bank The People's Bank of China (PBOC) has approved network clearing license for Express (Hangzhou) Technology Services Co, an American Express joint venture between American Express and LianLian DigiTech Co Ltd. American Express had applied in January to start operations...

Chris Newkirk Snares Visa’s Newly Created Position Of Chief Strategy Officer

Recently, Visa Inc. (NYSE: V) announced the appointment of Chris Newkirk as Chief Strategy Officer, joining office from June 15. Mr. Newkirk to head the Corporate Strategy organization and be part of the strategic planning for the company in collaboration with the company’s regional teams. Mr. Ne...

Travelers Extends Stay-at-Home Auto Premium Credit CIVID-19 Relief Program

As per reports, The Travelers Companies, Inc. (TRV) is extending its Stay-at-Home Auto Premium Credit Program by relaxing its U.S. personal auto insurance customers with a 15% credit on their June premiums in addition to credit on their April and May premiums previously announced. The company is obt...

American Express Expressed Need For Employees To Work From Home For The Balance Of The Year

As per reports, American Express Company (AXP) Chief Executive Officer, Steve Squeri expressed the need for its employees to work from home amid the COVID-19 pandemic, keeping in mind the safety of its employees. “If you can work from home and you do not want to come in, you do not have to come...

American Express Sets Quarterly Dividend Payable Aug. 10

The Board of American Express Company announced a quarterly dividend of $.43 per common share payable on August 10, 2020, to shareholders as on July 2, 2020. Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit paymen...

The Visa Foundation Granted $2M To Support Frontline Workers In North America

Reportedly, The Visa Foundation has granted $2M for COVID-19 relief programs to organizations in the U.S. and Canada that are supporting the frontline workers and assisting in critical poverty alleviation. The organizations include Feeding America, Food Banks Canada, American Red Cross, Direct Relie...

Goldman Sachs Reports Declining Profits On Mounting Loan Loss Provisions

The Goldman Sachs Group, Inc. (GS) reported quarterly earnings recently confirming a 49% fall in their quarterly profits. The bank has reported having put aside nearly $1B to meet future loan defaults and booked heavy losses on its debt and equity investments. The bank’s net earnings payable to co...

Travelers Reports 25% Drop In Quarterly Earnings

The Travelers Companies, Inc. (TRV) reported quarterly earnings recently realizing a 25% drop in quarterly profits while claiming compensation coverage for dismissed employees would impact results for the year. The company foresees "elevated claims frequency and severity" for its workers' compensati...

Visa Earnings Exceed Fiscal Q2 Analysts Estimates

As per reports, Visa Inc. (NYSE: V) reported fiscal Q2 results recently with EPS of $1.39 per share and revenue climbing to $5.90 billion, beating analyst expectations at $1.35 per share and $5.75 billion. The Profits climbed 4% to $3.08 billion. Chief Executive Officer, Visa Al Kelly warned the f...

American Express Reports Massive Drop In Quarterly Profits During COVID-19 Pandemic

Credit card issuer American Express Company (AXP) recently announced its quarterly earnings reporting a 76% drop in Q1 profits. The company’s net income fell to $367 million, or 41 cents per share, for the quarter ending March 31 from $1.55 billion, or $1.80 per share, a year earlier. Total reve...

American Express Introduces Coalition For U.S. Small Businesses Amid Economic Slowdown

Dow 30 component, American Express announces the establishment of  ‘Stand for Small,’ a coalition of more than 40 companies comprising across media, professional services, technology, consumer goods, and many other industries to provide meaningful support to small businesses from the impact of ...

Visa Scheduled To Release Fiscal Q2 Financial Results on April 30, 2020

As per reports, Visa Inc. (NYSE: V) is scheduled to report its fiscal second-quarter 2020 financial results on Thursday, April 30, 2020. A live webcast of the event will be available beginning at 2:00 p.m. Pacific Time (5:00 p.m. ET) at http://investor.visa.com to discuss financial results and hig...

Caterpillar Maintaining Long Standing Dividend – Payable May 20, 2020

Dow 30 component, Caterpillar, Inc. (CAT),  announced it will maintain the quarterly cash dividend of $1.03 per share to shareholders of common stock. The dividend is to be payable on May 20, 2020, to shareholders on record at the close of business on April 20, 2020. Caterpillar has paid a cash di...

Visa Reports Declining Transactions As COVID-19 Pandemic Grows

Dow 30 component, Visa (V) reported declining sales and transactions as COVID-19 pandemic has taken over consumer spending including shoppers and cross-border travel-related spending. "As countries have imposed social distancing, shelter-in-place or total lock-down orders, domestic spending, most...

American Express Announces Details Of April 24, 2020 Q1 Earnings Call

Reportedly, American Express Company (AXP) announced it will be hosting a live audio webcast to review its Q1 2020 earnings at 8:30 a.m. (ET) on Friday, April 24, 2020, to discuss the results of its first-quarter 2020 results. The general public can access the live audio webcast through the America...

Nike Reported Q3 Fiscal 2020 Earnings Exceed Analysts Expectations

NIKE, Inc. (NIKE) reported Q3 fiscal 2020 quarterly earnings on Tuesday after the market closed which exceeded analyst expectations despite the current economic slowdown amid COVID-19 outbreak. The sportswear giant announced $10.1 billion in quarterly sales, a 7 percent increase irrespective of curr...

Goldman Sachs Reports $4 Million Increase In CEO David Solomon’s 2019 Total Compensation

Reportedly, the total compensation of Chief Executive David Solomon, The Goldman Sachs Group, Inc. (GS) rose by 19% or $4 million for 2019 in comparison to 2018. Solomon's total compensation for 2019 was $24.7 million, as per reports. The revelation comes as the company faces pressure to lower payou...

Travelers Recognized As Best Place To Work For LGBTQ Equality

Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business. As per reports, The Travelers Companies has achieved a full score on the 2020 Corporate Equality Index by the Human Rights Campaign Foundation. The recognition...

United Airlines Extends Relationship With Visa And Chase Credit Card Through 2029

Reportedly, United Airlines, a unit of United Airlines Holdings has entered into a multi-year extension of business with Chase Credit Card Services and Visa stretching into 2029. The deal puts rumors of United looking for a better credit card deal with Chase or another credit card provider to rest. ...

Board of UnitedHealth Group Announces Dates For Next Cash Dividend

Dow 30 component UnitedHealth Group Incorporated (UNH) operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employer...

Disney Quarter Earnings Exceed But Guidance Backs Off

Dow 30 Component, The Walt Disney Company (DIS),  and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. Disney recently reported quarterl...

Goldman Collaborates With Amazon To Offer Lending Support To Small Businesses

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. As per the Financial Times, Goldman Sachs is in discussion with Amazon (AMZN) t...

Highlights From Visa’s Earnings Release

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.  Their advanced global processing network, VisaNet, provides secure ...

Apple Records Soaring iPhone Sales Above Wall Street Expectations

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless ex...

Visa Inches Forward To Serve The Growing Cashless And Digital Economy Via Plaid Acquisition

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.  Their advanced global processing network, VisaNet, provides secure ...

American Express Announces Date For Its Annual Investor Day

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. As per reports, American Express is ...

American Express Inches A Step Closer To Enter China’s $27T Market

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. Reportedly, the central bank accepte...

American Express Reports Strong Earnings, Riding high On Its Credit Card Division

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. Credit card giant, American Express ...

Visa Announces Date For Fiscal Q1 2020 Results Release

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.  Their advanced global processing network, VisaNet, provides secure ...

Goldman Sachs Reports Quarter Revenue, Faces Declining Profits Due To Legal Charges Of $1.1 billion

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. On Wednesday, Goldman Sachs reported quarterly profits beating analysts’ esti...

United Technologies Announces Q4 2019 Earnings Release on Jan. 28 & Call Details

Dow 30 component United Technologies Corporation (UTX) creates smart, sustainable solutions that are used to provide high-technology systems and services to both the building and aerospace industries. Reportedly, United Technologies Corp will release its Q4 2019 earnings on January 28, 2020, prior ...

Goldman Sachs Now Assisting WeWork With $1.75B Credit Facility

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. As per reports, shared workplace operator WeWork has arranged a $1.75B letter o...

Home Depot Confirms Disappointing 2020 Sales Forecast And Margins

The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service ...

Highlights From Best Buy’s Q3 Earnings Report

Recently, Best Buy Co., Inc. (BBY) announced its earnings report for the 13-week third quarter ending November 2, 2019, raising revenue expectations for the next quarter as well as full-year FY20 outlook, as per reports. Corie Barry, Best Buy CEO stated “Our teams delivered another strong quart...

Goldman To Advise U.S. Prudential Financial In South Korea Sell

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. Reportedly, U.S. life insurer Prudential Financial has hired Goldman Sachs to s...

PayPal Acquiring LA’s Honey Science For ~$4 Billion

This week, PayPal Holdings, Inc. (PYPL) announced that it is acquiring Honey Science Corporation for approximately $4 billion, as per reports. Honey Science is a fast-growing technology platform for shopping and rewards, and along with PayPal’s two-sided network both the companies aim to transform...

PepsiCo’s CEO & Chairman Ramon L. Laguarta Joining Visa’s Board

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.  Their advanced global processing network, VisaNet, provides secure ...

Visa Invests In Nigeria’s Digital Payment Firm Interswitch

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.  Their advanced global processing network, VisaNet, provides secure ...

The Walt Disney Company Beats Wall Street Quarterly EPS Estimates

Dow 30 Component, The Walt Disney Company (DIS),  and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. Disney reported Q4 earnings on Th...

China Poised To Become Largest Bank Card Market by 2020

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.  Their advanced global processing network, VisaNet, provides secure ...

American Express Teams With Nova Technology To Ease Credit Card Application Process For Immigrants In U.S.

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. Reportedly, American Express has tea...

Chevron Declares Quarterly Dividend Payable December 10, 2019

Dow 30 component Chevron Corporation (CVX), through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. A quarterly dividend of $1.19 per share to holders of common stock, payable on December 10, 2019, at the close of business on November 18, 2019, was ann...

Visa Exceeds Wall Street Earnings Estimates

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.  Their advanced global processing network, VisaNet, provides secure ...

Visa Acquires Token Services & Ticketing Businesses From Premier Silicon IP & Chip Provider

Reportedly, Visa Inc. (NYSE: V) has acquired token services and ticketing businesses from a premier silicon IP and chip provider, Rambus, to enable deliver data faster and safer and strengthen Visa’s tokenization capabilities. The acquisition is believed to intensify Visa’s tokenization capabi...

Travelers Reports Disappointing Q3 Earnings

Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business. Travelers reported weak Q3 earnings ending Sep 30 this morning prior to the open. The insurer reported earnings of $1.43/share, below Wall Street's estimate of ...

Dow 30’s AXP Beats Q3 Wall Street Estimates

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. American Express reported its Q3 pro...

JPMorgan Chase & Co. Beats Q3 Profit Estimates

JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking. On Tuesday, J.P. Morgan Chase reported its Q3 earnings exceeding Wall Street expecta...

Goldman Sachs Reports Q3 Earnings Missing Expectations

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. Goldman Sachs reported Q3 earnings on Tuesday disappointing expectations and ...

Senators Alert Payment Processing Companies Regarding Cryptocurrency Libra

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.  Their advanced global processing network, VisaNet, provides secure ...

McDonald’s Announces 8% Increase In Its Quarterly Dividend

Recently, fast-food giant McDonald’s Corporation (MCD) announced a quarterly cash dividend of $1.25/share for shareholders holding common stock which represents an 8% increase. The dividend is set to be payable on December 16, 2019, at the close of business on December 2, 2019. This would bring in...

American Express Expected To Raise Dividends Next Week By 8%

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. As per reports, Financial data firm ...

American Express Company Announces Details For Its Q3 2019 Earnings Call

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. Reportedly, American Express Company...

Walmart & Capital One To Introduce Combined Retail Credit Card Program

Capital One & Walmart Stores, Inc. (WMT) are now launching the Capital One Walmart Rewards Credit Card Program with two new credit cards rewarding customers for shopping at Walmart and other places where the card is accepted. The program's signature card, the Capital One Walmart Rewards Maste...

Investment Restriction Withdrawn From Norway Wealth Fund

Norway's $1 trillion wealth fund is reportedly now permitted again to invest in miner Rio Tinto and retailer Walmart after it was excluded and prohibited from the fund's investments on ethical grounds previously, as reported by the board of the Central Bank. The board informed the reinvestments ...

American Express Announces Its Quarterly Dividend To Be Paid 8/9/19

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. A Quarterly dividend of $0.39 ...

Consumer Spending Drives Visa’s Q1 Profits Higher

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.  Their advanced global processing network, VisaNet, provides secur...

JPMorgan To Implement Staff Reduction For Asset & Wealth Management Division

JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking. As a part of the bank’s normal annual review process, it is dismissing hundr...

Goldman Partnering With Apple For Credit Card Deal For iPhone Users

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. Goldman Sachs Group Inc’s (GS) credit card deal with Apple Inc will pot...

Dow 30 Component American Express (NYSE: AXP) Declares Dividend Payable March 15, 2019

Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success. American Express recently declared...

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