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J&J Warns That Inflation & China’s Covid Outbreak May Hit 2023 Figures – $JNJ $DIA $INM

Reportedly, Dow 30 component Johnson & Johnson (JNJ) warned that the impact of high inflation and China's major COVID-19 outbreak may creep into 2023 impacting sales in the first half of the year at its medical devices segment. J&J forecast 2023 sales of $96.9 billion to $97.9 billion, putti...

Jan 31, 2023 View Article

Visa Releases Strong Q4 Boosted By Robust Payments Volume – $V $DIA $INVO

As per reports, Visa's (V) fourth quarter payments volume increased 10% year over year and the number of processed transactions rose 12%. The company's cross-border volume leapt 36% as international transaction revenue jumped 52% to $2.87 billion. The company's first quarter fiscal 2023 earnings and...

Jan 31, 2023 View Article

Stocks Race Forward Weekly With Nasdaq’s Outsized Lead – $AAPL $ATOS $INVO $LCID $NVDA $TSLA Rise!

Quote of the Day: "Take chances, make mistakes. That's how you grow. Pain nourishes your courage. You have to fail in order to practice being brave." - Mary Tyler Moore Happy Saturday! I hope that you had a wonderful week and that you managed to build your wealth in the stock market and...

Jan 28, 2023 View Article

American Express Acquires Nipendo With Goal Of Creating Leading End-To-End B2B Platform – $AXP $DIA $INVO

Reportedly, American Express Company (AXP) announced the acquisition of Nipendo, a company used by global businesses to automate and streamline business-to-business payment processes. The transaction is American Express’ latest strategic step towards its goal of creating a leading end-to-end B2B p...

Jan 27, 2023 View Article

Anu Aiyengar To Solely Lead JPMorgan’s Global M&A – $JNJ $DIA $INVO

Reportedly, JPMorgan Chase & Co (JPM) named its veteran of more than two decades Anu Aiyengar as the sole lead of its global mergers and acquisitions franchise after co-head Dirk Albersmeier resigned from the role. Aiyengar has led the bank's M&A franchise after she was promoted to lead alon...

Jan 26, 2023 View Article

Friday’s Bounce Secures Weekly Win For Nasdaq Despite Growth Concerns – $AAPL $AMC $ATOS $BRQS $CLLS $DIS $INM $NVDA $TSLA Rise!

Quote of the Day: "A single twig breaks, but the bundle of twigs is strong." - Tecumseh Happy Saturday! I hope that you had a solid holiday-shortened week and that you managed to make a fortune in the stock market and otherwise. We stayed relatively dry here in San Francisco and pressed...

Jan 21, 2023 View Article

Goldman Sachs Announces Plans For 1000’s Of Job Cuts Amid Economic Slowdown – $GS $DIA $INVO

As per reports, Goldman Sachs Group, Inc. (GS) is to start cutting thousands of jobs, expected to be just over 3,000. The bank had 49,100 employees at the end of the third quarter, after adding a large workforce during the coronavirus pandemic. The layoffs are most likely to affect most major divi...

Jan 20, 2023 View Article

Visa Schedules Fiscal Q1 2023 Release On Jan. 26- $V $DIA $INM $ATOS

Reportedly, Visa Inc. (V) is to report fiscal Q1 2023 financial results after the market closes, on Thursday, January 26, 2023. The release will be followed by a live audio webcast beginning at 2:00 p.m. PT /5:00 p.m. ET with Visa’s executive management team to discuss financial results and busine...

Jan 20, 2023 View Article

Disinflation Beliefs & Stock Values Grow During #JPM2023 Week – $AMZN $ATOS $BRQS $GME $INM $INVO $SHIP $TSLA Rise!

Quote of the Day: "If one does not know to which port one is sailing, no wind is favorable." - Lucius Annaeus Seneca Happy Saturday! I hope that you had a wonderful week and that you are out enjoying yourself this long MLK holiday weekend. This week, I spent a great deal of my days tryin...

Jan 14, 2023 View Article

Swati Bhatia Goldman’s Consumer Banking Unit Head Exiting Role – $GS $DIA $INVO

Reportedly, the head of the Goldman Sachs Group, Inc. (GS) direct-to-consumer unit, Swati Bhatia, is stepping down from the role. Bhatia, a former PayPal executive, will retire from the partnership and become an advisory director. Formerly the chief payments risk officer at digital payments company ...

Jan 13, 2023 View Article

Stocks Move Higher & Yields Drop To Kick Off 2023 – $AAPL $ATOS $BRQS $DIS $INVO $SHIP Rise!

Quote of the Day: "There is little that can withstand a man who can conquer himself." - Louis XIV Happy End to the First Week of 2023! I hope that you had a wonderful beginning to your year and that we all have prosperous balance in view. As for the markets this week, we experienced a refr...

Jan 07, 2023 View Article

Jobless, Interest Rates Climb As Stocks Cruise Lower During Last Few Sessions of 2022 – $INM $INVO $IWC $JPM $TGTX $XBI $XLE Rise!

Quote of the Day: "The limits of the possible can only be defined by going beyond them into the impossible." - Arthur C. Clarke Happy New Year's Eve! I hope that you had a great week & that you are out ringing in the new year that will hopefully prove to be prosperous to one and all. ...

Dec 31, 2022 View Article

JPMorgan Invests In Risk Management Provider Acin With Other Major Banks – $JPM $DIA $C $INVO

Reportedly, a group of five banks including JPMorgan Chase & Co (JPM), Citigroup (C), and BNP Paribas are among the investors who backed an overall $24 million fundraising for risk control specialist Acin as part of their strategy to increase their risk expertise. The investment will help Acin b...

Dec 29, 2022 View Article

JPMorgan Chase To Announce Fourth-Quarter & Full-Year 2022 Earnings On Jan 13

Reportedly, JPMorgan Chase & Co (JPM) announced to release of its fourth-quarter and full-year 2022 financial results on Friday, January 13, 2023, at 7:00 a.m. (EST), followed by a conference call at 8:30 a.m. (EST). The live audio webcast can be reached at link under the tab Investor Relations,...

Dec 26, 2022 View Article

Stock Market Fails To Deliver A ‘Santa Rally’ This Week, Yet… – $ADT $APE $ATXS $CVX $SHIP $XPON Rise!

Quote of the Day: "Be faithful in small things because it is in them that your strength lies." - Mother Teresa Happy Saturday All! I hope that you had a great week and that you are out enjoying the long holiday weekend. As for the markets this week, we experienced yet another down we...

Dec 24, 2022 View Article

Former Bank of England Official Bradley Fried To Chair Goldman Sachs International – $GS $DIS $INVO

Reportedly, former Chair of the Court of the Bank of England, Bradley Fried, has been appointed as the chairman of Goldman Sachs (GS) International. Fried will replace Jose Manuel Barroso, who was the former European Commission president. Fried is expected to assume his role in February next year. ...

Dec 23, 2022 View Article

JP Morgan To Acquire Stake In Athen’s Based Fintech Viva Wallet – $JPM $DIA $INVO

As per reports, JPMorgan Chase & Co (JPM) has signed a deal to buy a 48.5% stake in Athens-based payments fintech Viva Wallet for more than $800 million. In January, the bank announced that it had agreed to acquire a share in Viva Wallet, and the stake is to be acquired from the company's minori...

Dec 22, 2022 View Article

Traveler To Discuss Q4 & Full-Year 2022 Results On Jan 24 – $TVG $DIA $INVO

Reportedly, Travelers Companies, Inc. (TRV) is to release its fourth quarter and full-year 2022 results on Tuesday, January 24, followed by a review with the investment team at 9 a.m. ET. Web & Dial-In Investors can access the call via webcast at investor.travelers.com or Dial-In at 888-440-62...

Dec 20, 2022 View Article

Stocks Take Another Hawkishly Fed Weekly Hit – $CVX $HZNP $KDNY $XLE Rise!

Quote of the Day: "The future rewards those who press on. I don't have time to feel sorry for myself. I don't have time to complain. I'm going to press on." - Barack Obama Happy Saturday All! I hope you all had a wonderful week and that you have your seat all picked out to watch the 202...

Dec 17, 2022 View Article

Visa To Boost #Africa’s E-payments With $1 Billion In Investment – $V $DIA $INVO

As per reports, Visa Inc. (V) announced an investment of $1 billion in Africa over the next five years to capitalize on the emerging economy's rapid growth in digital payments. According to a McKinsey report, investments are a major growth opportunity in the continent where cash is likely to be chal...

Dec 15, 2022 View Article

UnitedHealth Announces Appointment Of Google’s Kristen Gil To Its Board – $UNH $GOOG $DIA $INVO

As per reports, UnitedHealth Group (UNH) announced Kristen Gil of Alphabet Inc. (GOOG) to its Board of Directors, effective immediately. Gil currently serves as vice president, and business finance officer, at Google. She has held numerous senior positions at the parent company Alphabet since joinin...

Dec 15, 2022 View Article

Microsoft Strikes $2.8B Cloud-Computing Deal With London Stock Exchange Group – $MSFT $AMZN $GOOG $INVO

As per reports, Microsoft (MSFT) has agreed to buy a 4% stake in London Stock Exchange Group Plc in a $2.8B cloud-computing deal pushing the tech giant further into financial market data world. As part of the agreement, London Stock Exchange Group Plc is to spend at least that amount on cloud servic...

Dec 14, 2022 View Article

A Sprinkling Of Fed Worries/Global Growth Fears & Tax Loss Swaps Knocked Out Stocks This Week

Quote of the Day: "By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest." - Confucius Happy Saturday All! I hope you all had an amazing week & that you have been able to ...

Dec 10, 2022 View Article

Microsoft Released Quarterly Earnings Exceeding Expectations – $MSFT $DIA $ATOS $INVO

As per reports, Microsoft's (MSFT) first-quarter earnings exceeded market estimates as its cloud-computing businesses grew. The company earned $2.35 a share on sales of $50.1 billion in the quarter that ended September 30. Analysts were expecting Microsoft earnings of $2.31 a share on sales of $49.7...

Dec 10, 2022 View Article

American Express Announces Election Of Procter & Gamble’s Deborah Platt Majoras To BOD – $AXP $OG $DIA $INVO

As per reports, American Express Company (AXP) announced the appointment of Deborah Platt Majoras to its Board of Directors, effective December 7, 2022. Prior to her retirement earlier this year, Ms. Majoras served as Corporate Secretary & Chief Legal Officer of consumer giant Procter & Gamb...

Dec 08, 2022 View Article

Australian Securities Regulator Files Lawsuit Against AmEx Over Breach Of Credit Card Distribution – $AXP $DIA

Reportedly, the Australian securities regulator has approached the court against the local unit of American Express Company (AXP) alleging two of its credit cards co-branded in association with retailer David Jones were issued to customers without ensuring that they understood the details around the...

Dec 07, 2022 View Article

JP Morgan Appoints Sophie Qian Head Of Southeast Asia Equity Capital Markets – $JPM $DIA $INVO $ATOS

Reportedly, JPMorgan Chase & Co has appointed Sophie Qian as the head of its Equity Capital Markets (ECM) team for Southeast Asia. Qian, who has been with JPM for nine years, will relocate to Singapore from New York later this year. The Southeast Asia ECM team will report to Qian with immediate ...

Dec 06, 2022 View Article

AmEx Quarterly Earnings Improve Amid Strong Spending – $AXP $DIA $ATOS $INVO

As per reports, American Express Company (AXP) third-quarter earnings improved as spending on goods, services and travel kept up despite fears of a potential economic slowdown later in the year. The company now expects to report full-year profit above its prior forecast of $9.25 to $9.65 per share. ...

Dec 06, 2022 View Article

Fed Chair Empowers Weekly Stock Market Continuation – $ADT $AMC $FATE $HL $KDNY $TSLA $XBI Rise!

Quote of the Day: "No man was ever wise by chance." - Lucius Annaeus Seneca Happy Saturday All! I hope you ll had a great week and enjoyed the balance of the group stage of the 2022 World Cup. Congratulations to Team USA that is now scheduled to play Netherlands in the knock out stage �...

Dec 03, 2022 View Article

JPMorgan Chase Merchants To Include ‘Meta Pay’ As A Payment Method – $JPM $DIA $ATOS $INVO

As per reports, JPMorgan Chase & Co's (JPM) merchants' network customers can now make payments through Meta Pay. In 2019, Facebook Pay (now knowns as Meta Pay) was launched as a unified payments service allowing users across Meta's platforms including Instagram and WhatsApp to make payments wi...

Dec 01, 2022 View Article

Visa Recently Beat Quarterly Estimates As Consumers Spent ‘Huge’ On Travel – $V $DIA $ATOS $INVO

Reportedly, Visa Inc (V) had better-than-expected quarterly earnings as more Americans took advantage of a stronger dollar and flew to international destinations, and splurged on shopping and entertainment. Transactions increased 12% on a constant dollar basis to 50.9 billion in the fourth quarter t...

Dec 01, 2022 View Article

Travelers Partnering With Wysa To Promote Holistic Recovery For Mental Health – $TRV $DIA $INVO

As per reports, The Travelers Companies, Inc. (TRV) has launched an app designed to promote the mental health of injured employees to facilitate a more holistic recovery. The app was created in partnership with Wysa, a provider of mental health support solutions powered by artificial intelligence. ...

Nov 30, 2022 View Article

Goldman Sachs Appointed Former Starbucks CEO Kevin R. Johnson To The Board – $GS $SBUX $DIA $ATOS $INVO

As per reports, Kevin R. Johnson is to join as an independent director of the Goldman Sachs Group, Inc. (GS), effective October 26, 2022. The Board announced Mr. Johnson will also join as a member of each of the firm’s Compensation, Governance, and Risk Committees. Mr. Johnson retired in April 20...

Nov 30, 2022 View Article

Travelers Quarterly Profits Hit By Hurricane, But Strong Premiums Surfaced- $TRV $DIA $ATOS $INVO

Reportedly, Property and casualty insurer The Travelers Companies, Inc. (TRV) reported a 20% fall in quarterly profit majorly hurt by hurricane-related claims and lower returns on its investments. Hurricanes Ian and Fiona, as well as severe storms in many U.S. regions, pushed the insurer's pretax ca...

Nov 30, 2022 View Article

Goldman Sachs Partners Kava, Crampton To Exit Firm At Year-End – $GS $DIA $ATOS $INVO

Reportedly, Goldman Sachs Group, Inc. (GS) partners Alan Kava and Chris Crampton are retiring from the firm at year-end. Alan Kava, 57, joined the firm in 1997, and was the managing director in 2002, and became a partner in 2008. New-York based Alan Kava is currently chairman of Goldman Sachs Ass...

Nov 30, 2022 View Article

Goldman Sachs Approves Promotion Of 80 Bankers To Elite Rank – $GS $DIA $INVO

Reportedly, Wall Street Giant Goldman Sachs Group (GS) recently approved 80 bankers as partners including 21 in Europe, the Middle East, and Africa region, 53 employees in the Americas, and 6 in Asia. The promotions are up from 60 people in 2020. The racial breakdown for the 2022 class is 24% Asian,...

Nov 30, 2022 View Article

Walgreens Renews 5-yr-Agreement With Western Union Offering Easy Money Transfers – $WBA $DIA $ATOS $INVO

Reportedly, Western Union and Walgreen Boots Alliance (WBA) have renewed a five-year agreement to their long-standing relationship. The collaboration will allow consumers to have access to Western Union Money Transfer and bill payment services at nearly 9,000 Walgreens locations across the United S...

Nov 29, 2022 View Article

AmEx Lifts COVID Vaccine Requirements For Working From Office – $AXP $DIA $INVO

As per reports, American Express Co. (AXP) has lifted COVID-19 vaccine requirements at its offices effective November 1, as the credit card giant prepares to remove pandemic-era protocols. According to the memo, the new guidelines will apply to offices in the United States, Canada, Australia, and Ne...

Nov 29, 2022 View Article

JP Morgan To Expand Business In Latin America – $JPM $DIA $INVO

As per reports, JPMorgan Chase & Co (JPM) is to expand in Latin America over the coming years as it expects the region's geopolitical outlook to improve, informed the bank's chief executive for Latin America and Canada, Alfonso Eyzaguirre. JP Morgan has been adding employees and services for cor...

Nov 27, 2022 View Article

Thanksgiving Holiday-Shortened World Cup Filled Week Produces Positive Returns – $ADT $ATOS $BBY $DIS $JPM $SHIP Rise!

Quote of the Day: "Progress is man's ability to complicate simplicity." - Thor Heyerdahl Happy Saturday All! I hope that you are enjoying the long Thanksgiving holiday weekend and that you are taking in your favorite festivities and games including those from 2022 World Cup that are bei...

Nov 26, 2022 View Article

Visa Appoints President Ryan McInerney As Its New CEO – $V $DIA $INVIO

Reportedly, Visa (V) has named its president, Ryan McInerney, as its new CEO to help the company come through a challenging period for the payments industry as consumers shrink and tighten their expenses. Starting in February, McInerney will lead replacing Alfred Kelly Jr, who has been CEO since 201...

Nov 21, 2022 View Article

American Express To Create First Credit Card For Square Sellers Empowering Small Businesses – $AXP $SQ $DIA $INM

Reportedly, American Express (AXP) and Square (SQ) are expanding their relationship and plan to launch a new credit card built specifically for Square sellers on the American Express network. The card will be issued by Celtic Bank and powered by i2c Inc. "Small businesses can struggle to find fair ...

Nov 17, 2022 View Article

P&G Announced Webcast Of Investor Day 2022 – $PG $DIA $INVO

As per reports, The Procter & Gamble Company (PG) to webcast the presentation from the P&G Investor Day 2022 in Cincinnati, Ohio on Thursday, November 17, 2022, beginning at 2:00 p.m. ET. The live audio webcast at www.pginvestor.com starting 2:00 P.M. ET. Chairman of the Board, President...

Nov 16, 2022 View Article

Coca-Cola To Release Third-Quarter Earnings On October 25 – $KO $DIA $INVO

As per reports, the Coca-Cola Company (KO) announced it will release the third quarter of 2022 financial results on Oct. 25 before trading starts. The release will be followed by an investor conference call at 8:30 a.m. ET to discuss the results. Interested parties can visit www.coca-colacompany.com...

Oct 20, 2022 View Article

Nike Q1 Earnings Slightly Exceeds Estimates – Stays Positive On Q2 Growth – $NKE $DIA $INVO

As per reports, Nike Inc's (NKE) first-quarter earnings exceeded market estimates, however, gross margins dropped as inventories jumped. The sportswear giant reported a 20% drop in earnings to 93 cents a share. Revenue grew 4% to $12.69 billion. Analysts were expecting Nike earnings to fall 21% to 9...

Oct 11, 2022 View Article

Jacqueline Arthur Succeeds Bentley de Beyer To Lead Goldman Sachs HR Unit – $GS $DIA $INVO

Reportedly, Goldman Sachs Group, Inc. (GS) has appointed Jacqueline Arthur, a 15-year veteran of the bank, to run human resources starting Jan. 1. Arthur, 45, will take over from Bentley de Beyer, who has been the bank's global head of human capital management since early 2020. Jacqueline Arthur,...

Oct 06, 2022 View Article

American Express Announces Quarterly Dividend Payable November 10, 2022 – $AXP $DIA $INVO

As per reports, the Board of American Express Company (AXP) declared a regular quarterly dividend of $0.52 per common share to stockholders as of October 14, 2022. The dividend is payable on November 10, 2022. Dow 30 component American Express Company (AXP) and its subsidiaries provide cu...

Oct 05, 2022 View Article

JP Morgan To Release Q3 Earnings On October 14 – $JPM $DIA $INVO

Reportedly, JPMorgan Chase & Co. (JPM) is to host a conference call at 8:30 a.m. (EDT) on Friday, October 14, 2022, to review third-quarter 2022 financial results, following the release at approximately 7:00 a.m. (EDT). Web: Live webcast can be reached at the link. Dial-IN: The conference ...

Oct 03, 2022 View Article

American Express Schedules Q3 2022 Release For October 21 – $AXP $DIA $INVO

As per reports, American Express Company (AXP) is to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, October 21, 2022, to discuss the third quarter of 2022 financial results. The webcast of the event can be reached at https://ir.americanexpress.com/. The finan...

Oct 02, 2022 View Article

Is Goldman Sachs Cutting Jobs Amid Economic Slowdown? – $GS $DIA $INVO

As per reports, Goldman Sachs Group, Inc. (GS) is to cut jobs this month after two years of the pandemic. The bank typically lays about 1% to 5% of its staff each year, and this year it plans to cuts in the lower end of that range. In July, the investment bank had warned it might slow hiring and cu...

Sep 27, 2022 View Article

Visa To Include New Code Identifying Sales At U.S. Gun Stores – $V $DIA $INVO

As per reports, Visa Inc. (V) announced the implementation of a new merchant category code for U.S. gun retailers, that will identify transactions at firearms stores. Recently, the International Organization for Standardization (ISO) approved the creation of the merchant code after gun-control activ...

Sep 25, 2022 View Article

Reportedly JP Morgan In Talks To Invest In Fintech Startup Yapily – $JPM $DIA $INVO

Reportedly, JPMorgan Chase & Co (JPM) is considering buying a stake in London-based Yapily, a financial technology startup that is looking to raise fresh funds. The banking giant is in early-stage talks with Yapily about the possibility of making an investment. Yapily is seeking to bring in the ...

Sep 22, 2022 View Article

Goldman Hires Elizabeth Burton As Its New Adviser For Asset Management Unit – $GS $DIA $INVO

As per reports, Goldman Sachs Group, Inc's (GS) asset management arm has hired Elizabeth Burton to advise its institutional clients. Burton will be a managing director and client investment strategist at the Wall Street bank's client solutions and capital markets business in New York. Burton will ...

Sep 15, 2022 View Article

Paul Halpern Joins As Chief Marketing Officer For JP Morgan U.S. Wealth Management – $JPM DIA $INVO

As per reports, JPMorgan Chase & Co (JPM) announced that Paul Halpern has joined as Chief Marketing Officer for U.S. Wealth Management, one of the firm’s major areas of focus for customer growth. Halpern will lead an extensive team at an important time when the business is set to launch multip...

Sep 14, 2022 View Article

U.S Major Goldman Sachs To Lift COVID Protocols Except For NY & Lima Offices – $GS $DIA $INVO

Reportedly, Goldman Sachs Group, Inc. (GS) to lift pandemic-era protocols at its offices effective Sept. 6. The new protocols will allow employees to enter the company's Americas offices regardless of vaccination status, except in New York City and Lima. However, the New York City employees are stil...

Sep 07, 2022 View Article

Nike Announces Q1 September Release Date – $NKE $DIA $INVO

As per reports, NIKE, Inc. (NKE) is to release its first quarter fiscal 2023 financial results on Thursday, September 29, 2022, at approximately 1:15 p.m. PT, after market trading hours. The news release will be followed by a conference call beginning at 2:00 p.m. PT to review the results by NIKE, I...

Sep 06, 2022 View Article

Visa Token Service (VTS) Outpaces Total Number Of Physical Cards In Circulation – $V $DIA

Reportedly, Payments giant Visa Inc. (V) has issued over 4 billion network tokens worldwide through its security technology Visa Token Service (VTS), outpacing the total number of its physical cards in circulation. VTS replaces 16-digit Visa account numbers with a token that only Visa can unlock, pr...

Aug 31, 2022 View Article

Disney Recently Crushed Q3 Earnings Estimates – $DIA $DIS

As per reports, Disney (DIS) exceeded market estimates for fiscal third-quarter earnings, revenue, and subscribers. The entertainment giant also announced plans for an ad-supported Disney+, with a 38% price hike for the ad-free version. Disney earnings increased 36% vs. a year earlier to $1.09 a sha...

Aug 30, 2022 View Article

J.P. Morgan Acquires Global Shares, A leading Cloud-Based Provider Of Share Plan Management Software – $JPM $INVO $DIA

Reportedly, JPMorgan Chase & Co (JPM) has completed the acquisition of Global Shares, a leading cloud-based provider of share plan management software. The acquisition will make J.P. Morgan an industry-leading provider of innovative employee ownership solutions to private and public companies gl...

Aug 11, 2022 View Article

McDonalds Schedules Quarterly Cash Dividend Payable September 16, 2022- $MCD $DIA

Reportedly, McDonald’s Corporation Board of Directors announced a quarterly cash dividend of $1.38 per share of common stock payable on September 16, 2022, to shareholders as of September 1, 2022. McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 loc...

Aug 05, 2022 View Article

Visa Launches Its Suite Of Sustainability-Focused Solutions ‘Visa Eco Benefits’ – $V $DIA

Reportedly, Visa (V) is to launch its suite of sustainability-focused solutions, Visa Eco Benefits in the Asia Pacific. A suite of sustainability-focused solutions, Eco Benefits will help Visa cardholders across the region better understand the environmental impact of their day-to-day payments, al...

Aug 04, 2022 View Article

Home Depot Schedules Release Of Q2 Earnings For Aug. 16- $HD $DIA

Reportedly, The Home Depot, Inc. (HD) announced to hold its Second Quarter Earnings Conference Call on at 9 a.m. ET, on Tuesday, August 16. A webcast of the event can be reached at http://ir.homedepot.com/events-and-presentations under the icon Second Quarter Earnings Conference Call. The...

Aug 04, 2022 View Article

Caterpillar Misses Quarterly Estimates Amid Supply Chain Issues & Russia-Ukraine Conflict – $CAT $DIA

Reportedly, Caterpillar, Inc. (CAT) missed quarterly estimates reportedly due to supply-chain issues and suspension of its Russia operations, while its operating margin shrank owing to elevated freight and labor costs. Sales in Europe, Africa, and Middle East regions fell about 3% to about $3 billio...

Aug 03, 2022 View Article

Pampers, Pantene, & Tide Maker P&G Posts Mixed Quarterly Results & Guidance – $PG $DIA

Reportedly, Procter & Gamble Company (PG) reported mixed quarterly results as the consumer products giant faced rising commodity costs and warned that it expects such headwinds to continue in its fiscal 2023. The Cincinnati-based maker of products including Pampers, Pantene, and Tide reported ad...

Aug 03, 2022 View Article

Visa Beats Quarterly Estimates Riding Summer Travel Boom Across United States – $V $DIA

Reportedly, Visa Inc. (V) beat estimates for quarterly profit as consumer spending increased and a summer travel boom across much of the United States translated into higher card spending. The world's largest payments processor raked in higher revenue as payment volumes jumped 12% during the third q...

Aug 02, 2022 View Article

Travelers Acquires Tops Score On Disability Equality Index (DEI) For 5th Consecutive Year – $TRV $DIA

Reportedly, Travelers Companies, Inc. (TRV) has earned a top score on the Disability Equality Index® (DEI) and maintained its distinction as the Best Place to Work for Disability Inclusion for the fifth consecutive year. Administered by Disability, IN and the American Association of People with Dis...

Aug 01, 2022 View Article

AmEx Exceeds Q2 Estimates As Card Member Spending Jumped, Boosts Outlook – $AXP $DIA

As per reports, American Express (AXP) reported their Q2 earnings and exceeded market estimates as card member spending jumped 30% over the year on a foreign currency-adjusted basis, as global travel and entertainment purchases bounced back. The credit card giant reported earnings of $2.57 per shar...

Jul 26, 2022 View Article

Goldman Appoints Australia’s Former Treasurer As Senior Adviser For Asia Pacific Region- $GS $DIA

Reportedly, Goldman Sachs Group, Inc. (GS) has appointed Australia's former Treasurer Josh Frydenberg as the bank's senior regional adviser for the Asia Pacific region. Frydenberg led Australia's economic response to COVID-19 in the previous Liberal-National coalition government, including planning ...

Jul 26, 2022 View Article

Goldman Sachs Reports Q2 Declining Profits – $GS $DIA

As per reports, Goldman Sachs Group, Inc. reported a profit drop of 47% in the second quarter, depicting the end of a pandemic-era boom in Wall Street deal activity. The bank earned $2.93 billion, down from $5.49 billion a year ago. Earnings per share of $7.73 exceeded the $6.56 a share estimate. Re...

Jul 22, 2022 View Article

JP Morgan Q2 Earnings Fall Below Estimates, Halts Buybacks – $JPM $DIA

Reportedly, JPMorgan Chase & Co's (JPM) earnings fell short of analyst expectations as the bank built reserves for bad loans by $428 million, and suspended share buybacks. Second-Quarter Highlights: Earnings per share of $2.76 were reported versus $2.88 expected. Managed revenue stood at ...

Jul 21, 2022 View Article

Digital Payment Giant Visa Announces Release Date Of Q3 Earnings On July 26 – $V $DIA

As per reports, Visa Inc. (V) has scheduled the release of its fiscal Q3 2022, financial results on Tuesday, July 26, 2022. The company’s executive management team will host a live audio webcast beginning at 2:00 p.m. PT / 5:00 p.m. ET to discuss and review the results. After the market closes, Vi...

Jul 19, 2022 View Article

J.P. Morgan Asset Management Hires Daniel Yem As Senior Investment Specialist Strengthening Retirement Income Capabilities – $JPM $DIA

As per reports, J.P. Morgan Asset Management is to hire Daniel Yem as a Senior Investment Specialist to lead the firm's Retirement Solutions team. Mr. Yem will report to the Head of Target Date Strategies, Daniel Oldroyd, and will be based in New York. Mr. Yem will lead the business & product st...

Jul 06, 2022 View Article

JP Morgan To Webcast Q2 Earnings On July 14 – $JPM $DIA

Reportedly, JPMorgan Chase & Co (JPM) is to release its Q2 2022 earnings on Thursday, July 14, 2022, at approximately 7:00 a.m. (EDT) followed by a conference call at 8:30 a.m. (EDT). Web & Call Details: The live audio webcast can be reached under the Investor Relations, Events & Prese...

Jul 01, 2022 View Article

American Express Announces Release Of Q2 Earnings July 22, 2022- $AXP $DIA

Reportedly, American Express Company (AXP) is scheduled to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, July 22, 2022, to discuss second quarter 2022 financial results. The webcast can be reached at the American Express Investor Relations website at https://...

Jun 30, 2022 View Article

Walgreens To Release Q3 Results On June 30 – $WBA $DIA

Reportedly, Walgreen Boots Alliance (WBA) will release its fiscal 2022 third-quarter earnings results on Thursday at 7 a.m. ET on June 30, 2022, followed by a one-hour conference call with the management starting at 8:30 a.m. ET. The event can be reached at http://investor.walgreensbootsalliance.co...

Jun 28, 2022 View Article

Visa Enters Deal With M-Pesa, Mobile Phone-based African Money Transfer Service – $V $DIA

Reportedly, Visa Inc. (V)and M-Pesa, the mobile phone-based African money transfer service owned by Kenya's Safaricom Plc have entered a deal to launch a virtual payment card in a bid to cover some of the continent's $40 billion-a-year subscriptions market. The M-Pesa Global Pay Visa Virtual card ...

Jun 23, 2022 View Article

JP Morgan & Fintech OmniLatam Partnering To Offer Credit Lines to Mid-sized & Small Suppliers In Latin America – $JPM $DIA

As per reports, JPMorgan Chase & Co has partnered with fintech OmniLatam to offer credit lines to mid-sized and small suppliers of big corporations in Latin America. With operations in Colombia and Chile, OmniLatam recently opened an office in Brazil, offering receivable-backed credit and workin...

Jun 23, 2022 View Article

Coca-Cola’s African Bottling Unit ~$3B Johannesburg Stock Exchange IPO Shelved – $KO $DIA

Reportedly, Coca-Cola Company (KO) had delayed the plans of an estimated $3 billion initial public offering (IPO) of its African bottling unit to 2023 due to turbulence in the market. The flotation of the division, Coca-Cola Beverages Africa is expected to be the biggest on the Johannesburg Stock E...

Jun 23, 2022 View Article

Travelers Schedules Q2 Release On July 21 – $TRV $DIA

As per reports, The Travelers Companies, Inc. (TRV) has scheduled to review its second quarter 2022 results at 9 a.m. ET on Thursday, July 21, following the release of results early that morning. Investors can access the call via webcast at the company's website and by dialing 888-440-6281 within th...

Jun 23, 2022 View Article

JPMorgan Raised Its Prime Lending Rate – $JPM $DIA

As per reports, U.S. bank JPMorgan Chase & Co (JPM) has raised its prime lending rate by 75 basis points to 4.75%, that was effective 16th June 2022. The move follows the Federal Reserve's decision to raise its target interest rate by three-quarters of a percentage point, the biggest by the U.S....

Jun 22, 2022 View Article

Boeing Receives $811 Loan Guarantee From EXIM Over The Sale Of Its 787 Jetliners To Air France-KLM SA- $BA $DIA

As per reports, the Export-Import Bank ("EXIM") of the United States informed that its board of directors approved an $811 million loan guarantee to help finance the sale of Boeing's (BA) wide-body aircraft to French-Dutch airline Air France-KLM SA. EXIM informed that the loan guarantee would suppo...

Jun 21, 2022 View Article

Thomas Cassin Appointed As Vice Chair Of JP Morgan’s Debt Capital Market Unit – $JPM $DIA

Reportedly, JPMorgan Chase & Co (JPM) has named Thomas Cassin as vice-chair of global debt capital markets for the bank's investment banking unit. Cassin will lead acquisition and strategic financing opportunities in his new role and will assist in expanding the bank's financing footprint. Insid...

Jun 02, 2022 View Article

Verizon Schedules Quarterly Dividend Payable August 1- $VZ $DIA

Reportedly, the Board of Directors at Verizon Communications, Inc. (VZ) announced a quarterly dividend of 64 cents per outstanding share, payable on August 1, 2022. The dividend is payable to shareholders of record at the close of business on July 8, 2022. Chairman and CEO Hans Vestberg stated, "Wi...

Jun 01, 2022 View Article

Interesting…JPMorgan Shareholders Vote Against Executive Compensation – $JPM $DIA

As per reports, JPMorgan Chase (JPM) shareholders have voted against the bank’s executive pay plan, delivering a sharp rebuke to chief executive Jamie Dimon and his management team. At the "say-on-pay" vote at the bank’s annual meeting only 31% of votes were cast in favor of JPMorgan's executive...

May 18, 2022 View Article

Goldman Sachs Prepares To Further Diversify Its Workforce – $GS $DIA

Reportedly, the Goldman Sachs Group, Inc. (GS) has increased its diversity recruiting team and increased its budget by $10 million to meet its goals to add more Blacks, women, and Latinos to its workforce. The bank has included roughly 25 new recruiters focused on hiring diverse employees since the ...

May 17, 2022 View Article

AmEx Announces Dividend Payable August 10, 2022 – $AXP $DIA

Reportedly, the Board of American Express Company (AXP) announced a regular quarterly dividend of $.52 per common share to the stockholders as of July 1, 2022. The dividend is payable on August 10, 2022. The company also declared a quarterly dividend on the Company’s 3.550% Fixed Rate Reset Noncum...

May 10, 2022 View Article

JP Morgan Schedules Investor Day On May 23 – $JPM $DIA

As per reports, JPMorgan Chase & Co. (JPM) is to host an Investor Day on May 23, 2022, at 8:00 a.m. ET in New York City. A live audio webcast will begin at 8:00 a.m.ET and will be available for replay on the company's website under Investor Relations, Events & Presentations tab. The general ...

May 05, 2022 View Article

Apple’s Robust Services Business Lifts Q2 Earnings – $AAPL $DIA

Reportedly, Apple (AAPL) beat second-quarter estimates reporting $1.52 a share on sales of $97.28 billion in the quarter ended March 26. Analysts expected the iPhone giant to earn $1.42 a share on sales of $94 billion. On a year-over-year basis, Apple sales and earnings both increased 9%. "We are...

May 03, 2022 View Article

Biotech Giant Amgen Post Quarterly Beat, However… – $AMGN $DIA

Amgen reported a strong quarter with sales increasing 6% to $6.24 billion and exceeding expectations at $6.07 billion. Earnings also came in above projections at $4.25 per share, up 15% on a year-over-year basis. Amgen's osteoporosis treatment Evenity and migraine drug Aimovig reported strong growt...

Apr 29, 2022 View Article

Visa Selects 5 Startups For Its Visa Accelerator Program 2022 – $V $DIA

Reportedly, Visa Inc. (NYSE: V) has selected five startups to join the 2022 cohort of its Visa Accelerator Program in the Asia Pacific, Cymonz, Moneytree, Perfios, TallyKhata, and TripleA. The startups will work closely with Visa over the next six months creating defined commercial opportunities th...

Apr 28, 2022 View Article

Honeywell To Pay Quarterly Dividend On June 3 – $HON $DIA

Reportedly, the board of Honeywell.Inc (HON) announced a regular quarterly dividend of $0.98 per share on the common outstanding stock payable on June 3, 2022. The dividend is payable to stockholders as of May 13, 2022. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor ...

Apr 28, 2022 View Article

Goldman Sachs’ Q1 Earnings Ride High On Wealth Management & Trading – $GS $DIA

As per reports, Goldman Sachs Group, Inc. (GS) reported a 43% drop in first-quarter profit but exceeded market estimates, as its wealth management performed strong and trading businesses partly offset a drop in equity underwriting as stock market listings dried up. Its global markets segment reporte...

Apr 25, 2022 View Article

Goldman Sachs Pushing To Hire Senior Investment Bankers In Singapore – $GS $DIA

Reportedly, Goldman Sachs Group, Inc. (GS) is boosting the hiring of its senior investment bankers in Singapore, as the U.S. lender looks to bolster its dealmaking capabilities in Southeast Asia. The firm has hired Chua Hui Yin from JPMorgan Chase & Co. to cover corporate finance and execution,...

Apr 21, 2022 View Article

Property & Casualty Insurer Travelers Reports 48% Increase In Q1 Profits – $TRV $DIA

The Travelers Companies, Inc. (TRV) reported a 48% increase in quarterly profit exceeding analysts’ estimates as lower catastrophe-related claims filled up from investment losses. The company’s core income increased to $1.04 billion, or $4.22 per share, in the first quarter ended March 31, from ...

Apr 20, 2022 View Article

JP Morgan Q1 Profits Drops CEO Jamie Dimon Raises Concerns – $JPM $DIA

JPMorgan Chase & Co's (JPM) first-quarter earnings report disappointing figures amid concerns over U.S. bank ties to Russia and worries of an economic slowdown. The bank reported adjusted revenue of $31.59 billion versus the $31.44 billion expected. Adjusted Earnings per share of $2.63 were repo...

Apr 15, 2022 View Article

Visa Brings Board Level To 11 With Terry List’s Appointment – $V $DIA

Reportedly, Visa Inc. (V) announced that Teri List has been appointed to its board of directors, effective April 11, 2022. Ms. List was executive vice president and chief financial officer of Gap Inc. from January 2017 until March 2020 and served as an advisor until June 2020. Ms. List also serves o...

Apr 12, 2022 View Article

Goldman Sachs Agrees To Acquire Chicago-based Fintech Firm NextCapital – $GS $DIA

As per reports, Goldman Sachs Group, Inc. (GS) is set to acquire NextCapital, a Chicago-based fintech firm that provides automated advice to corporate retirement plan participants. The acquisition is among the top five asset management deals New York-based Goldman has done. The deal offers Goldman a...

Apr 11, 2022 View Article

Visa Announces To Release Fiscal Q2 Earnings On April 26 – $V $DIA

As per reports, Visa Inc. (V) has scheduled the release of its fiscal Q2 2022 financial results on Tuesday, April 26, 2022. The company's executive management team will host a live audio webcast beginning at 2:00 p.m. PT / 5:00 p.m. ET to discuss and review the results. After trading closes, Visa wi...

Apr 11, 2022 View Article

P&G Announces Q3 Earnings Scheduled For 8:30 a.m. ET on Wednesday, April 20, 2022 – $PG $DIA

As per reports, the Procter & Gamble Company to webcast the release of its third-quarter earnings results at 8:30 a.m. ET on Wednesday, April 20, 2022. A live audio webcast of the event can be reached at www.pginvestor.com. The Procter & Gamble Company (PG), a Dow 30 component...

Mar 24, 2022 View Article

De Grivel Nigam Succeeds Barry Meyers As Head Of JP Morgan’s ECM In U.K. & Ireland – $JPM $DIA

Reportedly, JPMorgan Chase & Co. (JPM) has appointed Virginie de Grivel Nigam to lead its equity capital markets business in the U.K. and Ireland, replacing Barry Meyers. De Grivel Nigam has most recently been head of JPMorgan’s equity-linked operations in Europe, the Middle East, and Africa. ...

Mar 15, 2022 View Article

Travelers Schedules Q1 Release For April 19 – $TRV $DIA

Reportedly, The Travelers Companies, Inc. (TRV) is scheduled to review and discuss its first quarter 2022 results at 9 a.m. ET on Tuesday, April 19, following the release of results earlier that morning. The webcast can be reached at investor.travelers.com. The event can also be reached by dialing 8...

Mar 15, 2022 View Article

Wall Street Giant Goldman Sachs Exits Russia – $GS $DIA

As per reports, Goldman Sachs Group, Inc. (GS) became the first Wall Street bank to close its operations in Russia and exit the country following Moscow's invasion of Ukraine. Operating in Moscow has been increasingly difficult for Western financial institutions amid international sanctions against ...

Mar 10, 2022 View Article

Visa Acquires Open Banking Platform Tink – $V $DIA

Reportedly, Visa (V) has completed the acquisition of Tink, an open banking platform that enables financial institutions, fintech, and merchants to build financial products and services and move money. Through a single API, Tink offers its customers to move money, access aggregated financial data,...

Mar 10, 2022 View Article

American Express Announces A 20% Dividend Increase – $AXP $DIA

As per reports, the board of American Express Company (AXP) has approved a dividend of $.52 per common share, a 20% increase from $.43 cents, in the regular quarterly dividend on the company’s common stock payable on May 10, 2022, to shareholders as on April 8, 2022. Dow 30 component ...

Mar 10, 2022 View Article

AmEx Exits Russia Amid Invasion In Ukraine – $AXP $V $MS $DIA $AAPL

Reportedly, American Express Company (AXP) is the latest credit card company to announce it is pulling out of Russia and Belarus as Vladimir Putin’s invasion into Ukraine escalates. The company informed that globally issued American Express cards will no longer work at merchants or ATMs in Russia....

Mar 09, 2022 View Article

Walmart’s ‘Walmart2Walmart’ Introduces Low-Price Fee On Money Transfers To Mexico – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) money transfer program, Walmart2Walmart is offering significantly cheaper rates for its customers to send money from any Walmart store in the U.S. to any Walmart store in Mexico for as little as $2.50 per transaction. The low fee marks another major milesto...

Mar 05, 2022 View Article

Visa Appoints BlackRock’s Frank Cooper III As New CMO – $V $DIA

Reportedly, Frank Cooper III will join Visa (V) as its Chief Marketing Officer (CMO) in May 2022. Additionally, he will also serve as a member of the company’s Executive Committee and report to Al Kelly, Chairman and Chief Executive Officer (CEO). Mr. Cooper will head the global marketing organiza...

Mar 05, 2022 View Article

JPMorgan Chase Schedules 2022 Investor Day On May 23, 2022 – $JPM $DIA

Reportedly, JPMorgan Chase & Co (JPM) is to hold an Investor Day in New York City on Monday, May 23, 2022. A live audio webcast and presentation slides can be reached on the same day at the company's website under Investor Relations, Events & Presentations. JPMorgan Chase & Co...

Mar 03, 2022 View Article

Russia May Be Removed From JPMorgan’s ESG Bond Indexes – $JPM $DIA

As per reports, JPMorgan Chase & Co (JPM) is in discussion to remove Russia from the environmental, social, and governance (ESG) versions of its JPMorgan's Government Bond Index-Emerging Markets indexes, and the Emerging Market Bond Index, while it continues to review the country's ejection from...

Mar 01, 2022 View Article

Is Goldman Seeking The Return Of Bonuses From Bankers Leaving The Bank? – $GS $DIA

As per reports, The Goldman Sachs Group, Inc. (GS) is looking for ways such as seizing vested pay to discourage top bankers from leaving. The U.S major is looking at confiscating vested stock of Omer Ismail and David Stark, both of who left the bank last year. Additionally, Goldman is also pullin...

Feb 27, 2022 View Article

Travelers Acquires Insurtech Company Trōv Technology – $TRV $DIA

As per reports, The Travelers Companies, Inc. (TRV) has acquired one of the earliest and most widely recognized insurtechs, Trōv. Trōv, which is known to have introduced numerous digital solutions transforming the insurance industry over the last several years, including on-demand insurance, micro...

Feb 24, 2022 View Article

Amazon & Visa Resolve Dispute Over Payment Fees – $AMZN $V $DIA

Reportedly, Amazon (AMZN) and Visa Inc. (V) have resolved their dispute where Amazon was considering a ban on U.K.-issued Visa credit cards, threatened to damage the financial giant’s business, and disrupt e-commerce payments. The retailer informed it will no longer charge customers who use Visa...

Feb 22, 2022 View Article

Visa U.S. Spending Momentum Index Show Drop In Consumer Spending For January -$V $DIA

As per reports, Visa Inc. (V) announced that the U.S. Spending Momentum Index (SMI) came in at 102.4 in January, dropping from 109.4 in December. The SMI’s decline from December was mainly due to the rise in new Omicron variant cases. The Visa SMI is an economic indicator of consumer health spendi...

Feb 14, 2022 View Article

Jennifer Como Promoted To Head Of Investor Relations For Visa – $V $DIA

Reportedly, Visa Inc. (V) has appointed Head of Investor relations succeeding Mike Milotich who will leave Visa later this month and join as chief financial officer of a publicly-traded company. She joined the company in 2019, and currently serves as the senior vice president of investor relations a...

Feb 13, 2022 View Article

Walgreens Schedules Quarterly Dividend Payable On March 11 – $WBA $DIA

Reportedly, the board of Walgreens Boots Alliance, Inc. announced a quarterly dividend of 47.75 cents per share, similar to the previous quarter and an increase of 2.1 percent from the year-ago quarter. The dividend is payable to shareholders of record as of Feb. 18, 2022, payable on March 11, 2022....

Feb 09, 2022 View Article

Merck Releases Q4 Earnings Stays Bullish On COVID-19 Pill Sales – $MRK $DIA

Reportedly, Merck & Co., Inc. (MRK) released fourth-quarter earnings recently. They confirmed that they expecting its 2022 sales to increase as much as 18 percent over last year, mostly on sales of its new COVID-19 pill, molnupiravir. The drugmaker also informed that the sales of the COVID-19 dr...

Feb 06, 2022 View Article

Goldman Sachs Q4 Profits Drop Amid Surging Expenses & Equities Trading Slowdown – $GS $DIA

The Goldman Sachs Group, Inc. (GS) fourth-quarter reported a 13% decline in profits from a year earlier to $3.94 billion, or $10.81 a share, below the $11.76 analyst estimate. Revenue of $12.64 billion was reported versus $12.08 billion expected. The bank’s operating expenses surged 23% on higher ...

Feb 06, 2022 View Article

3M Records Strong Q4 Backed By Strong Demand For Air Filters & Scotch-Branded Products $MMM $DIA

As per reports, 3M (MMM) reported better than expected quarterly profit as more people purchased its air filters and Scotch-branded products. 3M's transportation & electronics and safety & industrial units witnessed 1.5% and 2.2% declines in sales respectively. Net income dropped to $1.34...

Feb 03, 2022 View Article

Visa Reports Quarterly Beat As Travel & Online Spend Witness Upward Trend – $V $DIA

Reportedly, Visa ( V) quarterly earnings beat estimates as more international travel and e-commerce witnessed an increase in spending. Even though travel spending dropped since late December due to the Omicron variant of the coronavirus, the company executives believe the recovery will resume and n...

Feb 01, 2022 View Article

American Express Company Announces Preferred Stock Dividend Payable March 15, 2022 – $AXP $DIA

Reportedly, the board of The American Express Company (AXP) announced a quarterly dividend on the Company’s 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $8,875 per share (equivalent to $8.87500 per related Depositary Share) payable on March 15, 2022, to shareholders as of M...

Jan 30, 2022 View Article

Tesla’s Q4 Earnings Display Strong Performance Amid Supply Chain Woes – $TSLA $DIA

As per reports, Tesla (TSLA) recorded strong fourth-quarter results beating analyst estimates amid supply chain headwinds that have troubled the global auto industry at an unprecedented scale. The EV maker reported revenue of $17.719 billion up 65% year over year and above $16.64 billion expected. A...

Jan 28, 2022 View Article

Apple Poises To Launch iPhone-Based Direct Payment Service For Small Businesses – $AAPL $DIA

As per reports, Apple (AAPL) is launching a new service that will allow small businesses to accept payments directly on their iPhones without extra hardware. To receive payments on iPhone, retailers currently use payment terminals on their iOS devices that are connected via Bluetooth, such as Block ...

Jan 27, 2022 View Article

American Express Company’s Quarterly Earnings Point To Strong Consumer Spending In Face of Omicron – $AXP $DIA

Reportedly, American Express Company's (AXP) quarterly profit beat market estimates as consumers continued to spend to dine out during the holidays, fading the company's fears of a big impact from the Omicron variant. The company forecast 2022 net revenue growth of between 18% and 20% and earnings p...

Jan 27, 2022 View Article

Travelers To Include Telematics Offerings With IntelliDrivePlus™ – $TRV $DIA

Reportedly, the Travelers Companies, Inc. (TRV) has expanded its telematics auto insurance offerings with the launch of the app-based program, IntelliDrivePlus™. At each renewal, IntelliDrivePlus calculates a new premium by measuring miles driven and driving behaviors, such as acceleration, brakin...

Jan 18, 2022 View Article

JP Morgan Releases Q4 Earnings Reports Slow Trading & High Expenses – $JPM $DIA

Reportedly, JPMorgan Chase & Co (JPM) released quarterly earnings, posting a decline in trading revenue, both commercial and consumer loans fell from a year earlier. Net interest income increased 3% in the quarter, bringing JPMorgan’s total 2021 NII haul to $52.3 billion. The bank also reporte...

Jan 18, 2022 View Article

Visa To Release Q1 Earnings On Jan 27 – $V $DIA

Reportedly, Visa Inc. (V) to report its fiscal Q1 2022 financial results on Thursday, January 27, 2022, after the market closes. The release will be followed by an executive management team hosting a live audio webcast beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss financial...

Jan 17, 2022 View Article

Coca-Cola Q4 Full-Year Earnings Release Feb 10 – $KO $DIA

As per reports, the Coca-Cola Company (KO) is set to release its Q4 and full-year 2021 financial results on Feb. 10 before the New York Stock Exchange opens, followed by an investor conference call at 8:30 a.m. ET to discuss the results. Interested parties can join in at www.coca-colacompany.com/inv...

Jan 16, 2022 View Article

Goldman Sachs Joins Other Wall Street Banks Delaying Employees Return To Office As Omicron Spreads

Reportedly, Goldman Sachs Group, Inc. (GS) is encouraging its U.S. staff to work from home until Jan. 18, as the Omicron variant spreads. However, the offices will continue to remain open with previously announced COVID-19 safety protocols such as vaccine requirement, booster requirement for all eli...

Jan 06, 2022 View Article

JP Morgan Delays Staff Return To Office Amid Omicron Scare

As per reports, JPMorgan Chase & Co (JPM) has offered its staff to work from home for the first two weeks of 2022 and also informed that all employees are expected to return to the office no later than Feb. 1. The bank told workers it was not changing the long-term plans of working from the off...

Jan 05, 2022 View Article

Goldman Sachs Issues Mandate For Its U.S. Employees To Get Booster Shots – $GS $DIA

As per reports, Goldman Sachs Group Inc. (GS) will require its employees and visitors to its U.S. offices receive booster shots of the COVID-19 vaccine starting next year. The spokesperson informed that starting next year February, anyone eligible to receive a booster shot must have obtained one in ...

Dec 29, 2021 View Article

American Express Company Announces Q4 & Full-Year 2021 Earnings Release Date – $AXP

Reportedly, American Express Company (AXP) announced to host a live audio webcast of its fourth-quarter and full-year 2021 financial results on January 25, 2022, Tuesday at 8:30 a.m. (ET) following the release at approximately 7 a.m. (ET). General Public can access the webcast through the American E...

Dec 22, 2021 View Article

Visa Acquires Cross-Border Payments Co. Currencycloud

Reportedly, Visa Inc. (V) has completed the acquisition of Currencycloud, a global platform enabling banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. The acquisition builds on an existing strategic partnership between Currencycloud and Visa. The transact...

Dec 21, 2021 View Article

Insurance Giant Travelers To Release Q4 Earnings On Jan 20

Reportedly, the Travelers Companies, Inc. (TRV), Inc will review its fourth quarter and full-year 2021 results at 9 a.m. ET on Thursday, Jan. 20. Website & Call Details: Investors can access the call via webcast on the company’s website. Interested parties can dial 844-895-1976 within t...

Dec 21, 2021 View Article

American Express Company To Pay Quarterly Dividend On Feb 10 – $AMP

Reportedly, the Board of Directors of American Express Company (AXP) announced a regular quarterly dividend of $0.43 per common share to all stockholders as of January 7, 2022, payable on February 10, 2022. Dow 30 component American Express Company (AXP) and its subsidiaries provide custo...

Dec 16, 2021 View Article

JPMorgan Chase Eases Overdraft Charges Comforting Customers

As per reports, JPMorgan Chase & Co (JPM) allows customers more space on overdrafts before charging fees, giving up revenue in a bid to attract customers and to keep up with competitors. The bank informed that beginning next year it will allow customers a full day to restore overdrawn balances a...

Dec 13, 2021 View Article

Visa U.S. Spending Momentum Index (SMI) Rises To 111.9 In November – $V

Reportedly, Visa Inc. (V) announced the U.S. Spending Momentum Index (SMI) of 111.9 in November adjusted seasonally, an increase from 1.3 points in October, marking the second consecutive month of acceleration in consumer spending momentum. The SMI’s further increase above 100 shows that even mo...

Dec 09, 2021 View Article

Goldman Sachs Announces Increased Employee Benefits To Attract & Retain Talent

Reportedly, Goldman Sachs Group, Inc. (GS) is offering a series of benefits for its employees, in an attempt to ease the strain on its workers and attract talent. The bank is increasing its retirement fund, matching contributions for U.S. employees to 6% of total compensation, making a jump of 2%. T...

Dec 01, 2021 View Article

JP Morgan Named The World’s Most Systemic Bank By FSB

As per reports, JPMorgan Chase & Co (JPM) has once again become globally the most systematically important bank, as per the latest annual ranking of top lenders by global regulators, with BNP Paribas and Goldman Sachs also adding to the list with being more systemic, moving up one position. The...

Nov 30, 2021 View Article

JPMorgan’s Hong Kong Staff Can Be Paid Up To $5,000 For Hotel Quarantine

As per reports, JPMorgan Chase & Co (JPM) to pay some of its Hong Kong-based staff up to $5,000 each for their hotel quarantine stay. As per the company memo, employees at the executive director level and below would be entitled to the one-off payment for a single quarantine stay in Hong Kong. T...

Nov 24, 2021 View Article

Nike Increases Quarterly Dividend By 11 Percent, Payable Dec 28

As per reports, Nike Inc’s (NKE) board has declared a quarterly cash dividend of $0.305 per share on the company’s outstanding Class A and Class B Common Stock, payable on December 28, 2021. The dividend is payable to stockholders as of December 6, 2021, and marks an increase of 11 percent from ...

Nov 21, 2021 View Article

Walmart Reports Exceed Q3 Earnings Expectations – Remains Confident As Holiday Season Approaches

Walmart Stores, Inc. (WMT) reported Q3 earnings, exceeding market estimates as high inflation pushed more customers to seek out its discount prices. Earning Highlights: The retailer reported an adjusted EPS of $1.45 versus $1.40 expected. Revenue stood at $140.53 billion versus $135.60 billio...

Nov 18, 2021 View Article

Visa States Latest SMI Supports View That Consumer Spending Set To Bounce Back In Q4

Reportedly, the U.S. Spending Momentum Index has increased to110.6 in October up 2.1 points from September, as per the Visa (V) SMI index, an economic indicator of the health of consumer spending. The Visa SMI above 100, indicates strong consumer spending momentum and when it falls below 100, it d...

Nov 15, 2021 View Article

Global Technology Leader Cisco Schedules Q1/2022 Release On November 17

As per reports, Cisco Systems, Inc. (CSCO) will host a conference call for its first-quarter fiscal year 2022 financial results on Wednesday, November 17, 2021, at 1:30 PM (PT)/ 4:30 PM (ET). Call & Link Details: 888-848-6507 & 212-519-0847 (for International Callers) Live & replay au...

Nov 09, 2021 View Article

Goldman Sachs Promotes Diversity In Hiring

As per reports, Goldman Sachs Group, Inc. (GS) has promoted 643 people to managing director, the bank's second-highest rank behind a partner, which included a higher proportion of female, Black, Asian, and Latino workers. The bank believes that more Black, Latino, and female professionals are to be...

Nov 05, 2021 View Article

Biotech Giant Amgen Announces Q4 Dividend Payable Dec 8

As per reports, the board of Dow 30 Amgen (MGN) announced a $1.76 per share dividend for the fourth quarter of 2021 and is payable December 8, 2021 to all stockholders as of November 16, 2021. If you liked this story please consider, visiting the Atossa Therapeutics (ATOS) dedicated page at Vista ...

Oct 27, 2021 View Article

American Express Posts Strong Q3 Earnings As Card Spending Increases

As per reports, American Express Company (AXP) released third-quarter earnings reporting earnings per share of $2.27 a share on revenue of $10.9 billion, exceeding analysts’ estimates of $1.80 a share on revenue of $10.52 billion. Net income in the period was $1.83 billion versus $1.07 billion a y...

Oct 27, 2021 View Article

American Express UK Credit Cards Consumers To Pay Higher Interest Rates Starting February

Reportedly, American Express Company (AXP) is set to increase interest rates that it charges UK consumers’ credit cards from 22.2% to 24.5% starting February next year. The increase of 2.3 percentage is because of the rising costs of providing loyalty programs, rewards, and benefits to its custome...

Oct 26, 2021 View Article

Intel’s Q3 Hit By Industry-Wide Component Shortage

Intel Corporation (INTC) reports weak third-quarter earnings figures, driven by an industry-wide component shortage for its PC chip business leading to a 2% shrinkage during the quarter ended October 2. “We call it match sets, where we may have the CPU, but you don’t have the LCD, or you don’...

Oct 26, 2021 View Article

Some US Walmart’s Allowing Customers To Buy Bitcoin At Coinstar Kiosks

Reportedly, Walmart Stores, Inc. (WMT) offers customers at some of its U.S. stores to purchase bitcoin using ATM-like machines installed by Coinstar. Coinstar, which has machines that can exchange physical coins for cash, has partnered with CoinMe, digital currency exchange to let customers buy bitc...

Oct 25, 2021 View Article

American Express & Goldman Collaborating To Offer Businesses Integrated Digital Payments Solutions

Reportedly, American Express (AXP) and Goldman Sachs (GS) Transaction Banking announced a collaboration to provide large corporate clients with a cloud-based payments solution that will support multiple payment options and also offer analytics and data in one integrated platform. The collaboration w...

Oct 25, 2021 View Article

P&G Reports Beats Q1 Estimates – Points to Inflationary Concerns

As per reports, Procter & Gamble Company (PG) reported first-quarter earnings, beating analyst estimates even as higher costs weighed on the company’s profits. The company also raised its forecast for commodity and freight costs for the remainder of the fiscal year, warning it believes infla...

Oct 19, 2021 View Article

Goldman Sachs Beats Estimates As IBank Revs Surge Nearly 90%! – $GS

Reportedly, Goldman Sachs Group, Inc. (GS) reported their Q3 results, which exceeded analysts’ expectations, as investment banking revenue surged nearly 90%. Earning Highlights: Earnings of $14.93 a share were reported versus $10.18 estimated. Revenue of $13.61 billion was reported, a 26% i...

Oct 18, 2021 View Article

Visa To Now Offer Visa Installments In Australia With ANZ & Quest Payment Systems

Reportedly, Visa (V) has announced the expansion of Visa Installments in Australia in partnership with one of the country’s largest financial institutions, ANZ, and merchant payment provider, Quest. The solution allows Australian shoppers to access "Buy Now, Pay Later" (BNPL) financing via the...

Oct 12, 2021 View Article

Visa To Release Fourth-Quarter Earnings On Oct 26

As per reports, Visa Inc. ( V) is to announce its fiscal fourth quarter and full-year 2021 financial results on Tuesday, October 26, 2021, after the market closes. The Visa’s executive management team will host a live audio webcast beginning at 2:00 p.m. P.T (5:00 p.m. ET) to discuss the results....

Oct 11, 2021 View Article

Verizon Communications, Inc. (VZ) To Release Q3 Results On Oct 20

As per reports, Verizon Communications, Inc. is to announce third-quarter 2021 earnings on Wednesday, October 20, beginning at 8:30 a.m. ET. All the necessary materials will be available on the website at 7:30 a.m. Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communicatio...

Sep 30, 2021 View Article

American Express Schedules Quarterly Dividend Payable Nov 10

As per reports, the Board of American Express Company (AXP) announced a regular quarterly dividend of $0.43 per common share to shareholders as of October 8, 2021. The dividend is payable on November 10, 2021. Dow 30 component American Express Company (AXP) and its subsidiaries provide customers ...

Sep 29, 2021 View Article

JPMorgan Chase & Co Invests More Than $60 Million In MDI’s

Reportedly, JPMorgan Chase & Co (JPM) has invested in 10 banks with diverse leadership, acquiring stakes with a total value of more than $60 million. The bank is giving its customers free access to thousands of ATMs as part of its initiative and also to help address the racial wealth gap. The �...

Sep 28, 2021 View Article

Nike Q1 Earnings – Supply Chain Issues & Brands Digital Success Highlighted

NIKE, Inc. (NKE) recently released Q1 earnings which were 'curbed' by supply-chain issues, as manufacturing delays due to factory shutdowns in facilities in Asia continued. The sportswear giant reported revenue of $ 12.2 billion vs. $12.47 billion expected. Adjusted earnings of $1.16 cents were repo...

Sep 28, 2021 View Article

American Express Schedules Q3 Earnings Release On Oct 22

As per reports, American Express Company (AXP) is to release its third-quarter 2021 financial results on Friday, October 22, 2021, followed by a live audio webcast of its earnings conference call at 8:30 a.m. (ET). The webcast can be reached at the company’s website at https://ir.americanexpress.c...

Sep 27, 2021 View Article

JP Morgan Announces Increase In Quarterly Dividend

Reportedly, JPMorgan Chase & Co (JPM) announced a quarterly dividend of $1.00 per share on the outstanding shares of the common stock of JPMorgan Chase. The board announced the dividend date as October 31, 2021, to stockholders of record at the close of business on October 6, 2021. The quarter d...

Sep 26, 2021 View Article

JP Morgan Enters British Market With Launch Of Digital Retail Bank Chase

Reportedly, JPMorgan Chase & Co (JPM) is challenging British rivals with the launch of its long-awaited digital retail bank, Chase. The launch marks the entry into retail banking outside North America by one of the United States' most dominant lenders, building pressure on British incumbents suc...

Sep 22, 2021 View Article

Visa Releases Shipt, Skillshare, Sofar Sounds Benefits For U.S. Consumer Credit Cardholders

Reportedly, Visa (V) announced exclusive benefits for Visa’s U.S. Consumer Credit cardholders, with three exclusive benefits, such as Shipt, Skillshare, and Sofar Sounds. Eligible cardholders can enjoy; Free Shipt membership to receive free same-day delivery on groceries and household essenti...

Sep 21, 2021 View Article

Healthcare Giant J&J To Host Q3 Results Call On Oct 19th

Reportedly, Johnson & Johnson (JNJ) announced to host a conference call for investors at 8:30 a.m. on Tuesday, October 19th to review and analyze third-quarter results. The call will be hosted by Executive Vice President and Chief Financial Officer, Joseph J. Wolk. Teh. The senior leadership wil...

Sep 20, 2021 View Article

Goldman Acquiring Fintech Firm GreenSky For $2.24B

As per reports, Goldman Sachs Group Inc. (GS) is buying Atlanta-based, GreenSky Inc. for about $2.24 billion, extending its Marcus consumer-banking platform, a company offering payment plans to customers with home-improvement projects or health-care needs. The bank will pay 0.03 share of its common ...

Sep 17, 2021 View Article

Goldman Announces Appointment Of New CFO To Succeed Stephen Scherr

Reportedly, Goldman Sachs Group Inc. (GS) has appointed Denis Coleman, as its chief financial officer effective year-end and is taking over from current CFO Stephen Scherr, 57. Coleman, 47, is currently serving as the co-head of the global financing group in Goldman's investment banking division. Go...

Sep 16, 2021 View Article

Intel Declares Quarterly Dividend Payable December 1

Reportedly, the board of Intel Corporation (INTC) declared a quarterly dividend of $.3475 per share on the company’s common stock payable on December 1. The dividend is payable to shareholders of record as of Nov. 7, 2021. Intel Corporation (INTC) seeks to expand the boundaries of technology ...

Sep 12, 2021 View Article

JPMorgan Chase Announces Allison Beer To CEO In Cards Division

JPMorgan Chase & Co Announces Key Appointments In Cards Division – Allison Beer To CEO

Reportedly, JPMorgan Chase & Co (JPM) has appointed Allison Beer as the chief executive officer of cards at Chase to lead the cards business at the retail bank. Chase is JPMorgan's retail bank which is housed within its consumer & community banking division. [caption id="attachment_53452"...

Sep 12, 2021 View Article

JPMorgan Volkswagen AG’s Payments Platform

JPMorgan ($JPM)To Acquire 75% Of Volkswagen AG’s Payments Platform

Reportedly, JPMorgan Chase & Co (JPM) is buying a majority stake in Volkswagen AG’s payments platform, extending its services further into the auto industry, with a 75% share of Volkswagen Payments SA. The bank plans to work with the car manufacturer to develop the platform for new markets tha...

Sep 09, 2021 View Article

Visa & Chase Come Together To Donate To New York Cares With Their Chase Visa Contactless Card

As per reports, Visa (V) and Chase (JPM) announced that riders on MTA subways or buses, who tap with their Chase Visa contactless card, will donate 10 cents per tap, up to $250,000, to local nonprofit New York Cares, through September 30, 2021 or when maximum donation amount is reached). Local nonpr...

Aug 30, 2021 View Article

50 First-Year College Students Welcomed Into Visa’s Black Scholars & Jobs Program

Reportedly, Visa Inc. (V) announced the inaugural class of the Visa Black Scholars and Jobs Program, rewarding 50 first-year college students around the country with scholarship assistance for up to four years. Visa Black Scholars will get a chance to work with Visa mentors throughout their college ...

Aug 29, 2021 View Article

Highlights From Cisco’s Q4 Earnings Release

Cisco Systems, Inc. (CSCO) reported their fourth-quarter earnings this week, slightly above estimates but earnings guidance was just slightly off. The technology giants stressed and raised concerns over supply constraints. In May, Cisco had indicated it could face supply constraints at least through...

Aug 24, 2021 View Article

Goldman Sachs & Aareal Capital Corp Behind $500 Million Beverly Hilton & Waldorf Astoria Condo Project Refinancing

Reportedly, The Beverly Hilton and adjacent Waldorf Astoria obtained $500 million in refinancing from Goldman Sachs Group Inc. (GS) and Aareal Capital Corp. as the owners are preparing to build a neighboring condo and hotel complex in Beverly Hills, California. According to a statement Aareal, a un...

Aug 24, 2021 View Article

The Home Depot Confirms That Q2 Marks The 138th Consecutive Quarter It Has Paid A Cash Dividend

Reportedly, Dow 30 component the Home Depot, Inc. (HD) declared a cash dividend of $1.65 per share for the second quarter payable to all stockholders as of September 2, 2021. The board announced the dividend is payable on September 16, 2021, marking the 138th consecutive quarter the company has paid...

Aug 24, 2021 View Article

Highlights From Cisco’s Q4 Earnings Release

Cisco Systems, Inc. (CSCO) reported their fourth-quarter earnings this week, slightly above estimates but earnings guidance was just slightly off. The technology giants stressed and raised concerns over supply constraints. In May, Cisco had indicated it could face supply constraints at least through...

Aug 19, 2021 View Article

American Express Delays Return Of Employees To Office As Delta Variant Surges

As per reports, American Express Company (AXP) has delayed a full return of its employees to offices in the United States until at least October 11, as the highly contagious Delta variant of coronavirus is witnessing a surge in the country, informed an internal memo sent by Steve Squeri Chief Execut...

Aug 15, 2021 View Article

JPMorgan Announces New Real-Time Payments Service – “Request for Pay”

Reportedly, JPMorgan Chase & Co (JPM) has launched a real-time payments option, "Request for Pay" hoping to expand its edge in the financial industry's battle to handle more of the increasing volumes of global digital payments. The new addition allows corporate clients to send payment requests t...

Aug 13, 2021 View Article

Disney Reports Strong Q3 Results – Disney+ Subscribers Growth Exceed Expectations

Reportedly, the Walt Disney Company (DIS) released fiscal Q3 earnings beating estimates as user growth at its Disney+ platform performed ahead of expectations. Revenue of $17.02 billion was reported for the quarter ending July 3, versus $16.80 billion expected, and adjusted earnings per share of 80 ...

Aug 13, 2021 View Article

JPMorgan Revises Covid-19 Protocols In U.S. Offices Amid Rising Delta Variant Cases

As per reports, JPMorgan Chase & Co (JPM), United States has issued guidelines that require employees to wear masks in public indoor settings and in common areas within their offices regardless of their vaccination status. The above decision highlights the rising COVID-19 cases in the United St...

Aug 09, 2021 View Article

Honeywell (HON) To Pay Quarterly Dividend On Sept. 3

As per reports, the board of Honeywell (HON) declared a quarterly dividend of $.93 per share to common shareholders payable on September 3, 2021. The dividend is payable out of surplus to shareowners of record at the close of business on August 13, 2021. Vista Partners LLC (”Vista”) is a Califo...

Aug 03, 2021 View Article

Rising Vaccinations & Reviving Economies Boost Visa’s Q3 Earnings

Visa (V) reported strong quarterly earnings as domestic spending bounced back to pre-pandemic levels and international travel is also on the road to recovery as vaccinations rise and economies reopen. Payment giants are witnessing an increase in volumes from the coronavirus-induced slump as travel a...

Aug 03, 2021 View Article

IBM Schedules Quarterly Cash Dividend Payable September 10

As per reports, the board of International Business Machines Corporation (IBM) announced a regular quarterly cash dividend of $1.64 per common share, to stockholders of record August 10, 2021, payable September 10, 2021. Dow 30 component International Business Machines Corporation (IBM) p...

Aug 02, 2021 View Article

American Express Gains Record Number Of New Customers To Its Platinum Card – Reports Strong Q2 Revenue

American Express Company (AXP) reported a revenue surge of 33% to $10.2 billion in the second quarter, topping the $9.6 billion average estimate of analysts, as the credit-card giant added a record number of new customers to its tony Platinum card in the period. AmEx was hit hard by the Covid-19 ...

Jul 26, 2021 View Article

Visa Announces Acquisition Of Currencycloud – Pushing Forward Goal To Facilitate Global Money Movement

Reportedly, Visa Inc. (V) has entered a definitive agreement to acquire a global platform that enables banks and fintech to provide innovative foreign exchange solutions for cross-border payments, Currencycloud. The deal builds on existing strategic partnerships between the two companies and values ...

Jul 23, 2021 View Article

Verizon Q2 Earnings Top Estimates – Reports Strong Postpaid Wireless Subscribers Growth

Verizon Communications, Inc. (VZ) second-quarter earnings performed better than analyst’s estimates, reporting adjusted earnings per share of $1.37 and revenue climbing 11% to $33.8 billion for the quarter ending June 30. Analysts had estimated Verizon earnings of $1.30 a share on revenue of $32...

Jul 22, 2021 View Article

Travelers Beats Wall Street’s Q2 Expectations

Reportedly, The Travelers Companies, Inc. (TRV) released strong Q2 profit figures driven by higher premiums, the surge in returns from investments, and lower catastrophe losses beating analysts' average earnings per share forecast by more than $1.00, or about 44%. Travelers' pre-tax net investment ...

Jul 21, 2021 View Article

IBM Releases Q2 Earnings Confirm Analysts’ Beat & Fastest Revenue Growth In 3 Years

International Business Machines Corporation (IBM) reported Q2 earnings & beat analysts' expectations. The company reported adjusted earnings of $2.33 per share vs. $2.29 per share expected. Revenue grew 3% year over year in the quarter and stood at $18.75 billion, vs. $18.29 billion expected. �...

Jul 20, 2021 View Article

Johnson & Johnson’s Board Schedules Q3 Dividend

Reportedly, the board of Johnson & Johnson (JNJ) to pay a cash dividend of $1.06 per share on the company's common stock, for the third quarter of 2021 payable on September 7, 2021. The dividend is payable to shareholders of record at the close of business on August 24, 2021. Dow 30 c...

Jul 20, 2021 View Article

JPMorgan Clocks Quarterly Earnings Beat

JPMorgan Chase & Co (JPM) reported strong earnings this week boosted by a 'strong economy' and the release of credit reserves. The bank reported better than expected Q2 earnings with adjusted EPS of $3.78 versus $3.15 estimate and revenue stood at $31.4 billion versus $30.06 billion estimates. T...

Jul 15, 2021 View Article

Goldman Sachs Reports Strong Q2 Beating Estimates – Raises Dividend

The Goldman Sachs Group, Inc. (GS) reported strong Q2 earnings this week that exceeded Wall Street expectations, riding high in investment banking amid a robust IPO market. The bank reported earnings of $15.02 per share vs. $10.24 expected & Revenues stood at $15.39 billion versus $12.17 billion...

Jul 13, 2021 View Article

Boeing To Discuss Q2/2021 Earnings On July 28

Reportedly, Boeing (BA) to release its second quarter 2021 earnings on Wednesday, July 28, followed by a conference call at 10:30 a.m E.T. to discuss and review the results. The call will be hosted by David Calhoun, President & Chief Executive Officer, and Interim Chief Financial Officer, Dave D...

Jul 09, 2021 View Article

Customer Spending On Crypto-Linked Cards Exceed $1B In 1H2021 Per Visa

As per reports, Visa Inc. (V) informed that more than $1 billion has been spent by its customers on its crypto-linked cards in the first half of this year. The company is taking the necessary steps to smoothen crypto transactions and partnering with 50 cryptocurrency platforms, making it easier for ...

Jul 08, 2021 View Article

As US Gears Up American Express Includes Premium Benefits To Its Platinum Card

American Express Company (AXP) is adding numerous new perks to its Platinum product, from $200 in annual hotel credits to deals for chartering private jets as a broad move to revamp the popular premium card. The credit card giant has increased the annual Platinum fee to $695 from $550. “We’re...

Jul 05, 2021 View Article

Walgreens Raises Yearly Forecast, Reports Strong Q3 Earnings

Walgreen Boots Alliance (WBA) reported strong third-quarter earnings this week, reporting adjusted earnings per share of $1.51 versus $1.17 expected, and revenue of $34.03 billion was reported versus $33.76 billion expected. The retailer raised its outlook for the year, expecting about 10% growth in...

Jul 02, 2021 View Article

Investment Bank JP Morgan Opens European Headquarters In Paris

Reportedly, Investment bank JP Morgan (JPM) has opened up its European headquarters in Paris as Brexit has meant the UK is losing its importance as the financial center of the region. The Investment bank to move 140 employees to Paris as part of its European-wide Brexit strategy and aims to have 800...

Jul 02, 2021 View Article

JPMorgan Chase Announces Second-Quarter 2021 Earnings Release On July 13

Reportedly, JPMorgan Chase & Co. (JPM) to release second-quarter 2021 financial results on Tuesday, July 13, 2021, at 7:00 a.m (EDT), followed by a conference call at 8:30 a.m. (EDT). JPMorgan Chase will notify the public about the release through Twitter, and by a press release over Business Wi...

Jul 01, 2021 View Article

JPMorgan Chase Announces Entered Strategic Relationship & Ownership Position In Brazil’s C6 Bank

Reportedly, JPMorgan Chase & Co (JPM) and Brazilian digital bank, C6 Bank have entered into a strategic agreement, where JPMorgan Chase will take a 40% ownership stake in the full-service, subject to regulatory approvals. "We’re excited to be partnering with one of Brazil’s fastest growing ...

Jun 30, 2021 View Article

Coca-Cola Company Announces Release Of Q2 2021 Earnings July 21

As per reports, the Coca-Cola Company (KO) to announce its Q2 2021 earnings on July 21 before trading opens, followed by a conference call at 8:30 a.m. ET to discuss and review the results with the investor community. Interested parties can reach the webcast for this event at the company’s website...

Jun 29, 2021 View Article

Travelers’s 2021 Championship Produces More Than $2 Million For 112 Charitable Organizations

As per reports, the 2021 Travelers Championship has generated more than $2 million for 112 charitable organizations informed the Travelers Companies, Inc. (TRV). The insurance provider became the title sponsor in 2007, and the tournament has generated $22.5 million for more than 800 non-profits acro...

Jun 29, 2021 View Article

American Express To Announce Q2 2021 Results On July 23

Reportedly, American Express Company to release its Q2 2021 financial results on Friday, July 23, 2021, at 7 a.m. (ET), followed by a live audio webcast at 8:30 a.m. (E.T) to discuss and review the results. The webcast can be reached by the general public at the American Express, Investor Relations ...

Jun 25, 2021 View Article

Nike Crushes Q4 Earnings Expectations – Witnesses Growth In North America & Greater China

As per reports, Nike Inc. (NKE) reported fiscal Q4 earnings and sales this week, beating analyst estimates. The sports giant also offered a better-than-expected sales outlook for the upcoming year, driven by optimistic growth around its women’s category, apparel business, and Jordan brand. Nike wi...

Jun 25, 2021 View Article

Blockchain Capital Raises $300M From Investors Including Visa, PayPal, Etc.

Reportedly, Blockchain Capital, a cryptocurrency- and blockchain-focused venture capital firm, raised $300 million in funding for its Fund V from investors including Visa Inc.(V) and PayPal Holdings Inc. Blockchain Capital informed that some investors in Fund V, including PayPal and Visa, will also ...

Jun 25, 2021 View Article

JPMorgan Asset-Management Arm Buys Campbell Global LLC – A $5.3B Forest Investor

As per reports, JPMorgan Chase & Co.’s (JPM) asset-management arm has agreed to purchase Campbell Global LLC, which focuses on timberland and natural resources and has $5.3 billion in investments. The bank aims to become an active participant in carbon offset markets, using forests to capture ...

Jun 23, 2021 View Article

JPMorgan Boosts Overseas Retail Digital Banking Expansion Via Acquisition of Nutmeg, A Robo Wealth Manager

Reportedly, JP Morgan Chase (JPM) has bought UK robo wealth manager Nutmeg, complementing the digital bank it plans to launch in the UK later this year under the Chase brand. Sanoke Viswanathan, head of JPMorgan’s international consumer division, stated: "We are building Chase in the UK from scra...

Jun 22, 2021 View Article

Cisco & Goldman Sachs Announce ESG Conference Call/Webcast For June 22

Reportedly, Cisco & Goldman Sachs will host an Environmental, Social, and Governance Webcast / Conference Call on June 22, 2021, at 11:00 a.m. ET (8:00 a.m. PT/4:00 p.m. BST) for the Financial Community. Senior Vice President, Corporate Affairs, Tae Yoo, will discuss Cisco's Corporate Social R...

Jun 21, 2021 View Article

American Express Allows Employees To Work From Home Permanently For 2 Days A Week

Reportedly, American Express Co (AXP) will allow most employees to work from home for up to two days a week permanently, unveiling a hybrid back-to-office approach. As per an internal memo by AmEx Chief Executive Officer Stephen Squeri, most of the U.S. and U.K. staff of the credit card issuer will ...

Jun 20, 2021 View Article

Insurance Provider Travelers To Announce Q2 2021 Results On July 20

Reportedly, The Travelers Companies, Inc. (TRV) to release its Q2 2021 results on Tuesday, July 20, 2021, followed by a conference call at 9 a.m. ET to review the results. Interested parties can access the call via webcast at investor.travelers.com and by dialing, 844.895.1976 (United States). ...

Jun 15, 2021 View Article

American Express Secures First Spot In Customer Satisfaction In The J.D. Power U.S. Online & Mobile App Credit Card Studies

Reportedly, the American Express (AXP) App1 and the American Express website both have been ranked number one in customer satisfaction among the U.S. credit card companies’ mobile apps and credit card websites, according to the J.D. Power 2021 U.S. Online & Mobile App Credit Card Satisfaction ...

Jun 14, 2021 View Article

American Express Announces “Membership Week” From June 14 – June 18 Featuring Offers, Deals & Experiences

As per reports, American Express Company (AXP) is conducting its first-ever five-day Membership Week from June 14-June 18, featuring offers, experiences, and special deals for American Express ® U.S. Consumer and Small Business Card Members. "Part of what makes our brand so special is our commun...

Jun 10, 2021 View Article

Cisco Announces $.37 Quarterly Cash Dividend

Reportedly, the board of Cisco Systems, Inc. announced a quarterly cash dividend of $.37 per common share to shareholders of record at the close of business on July 6, 2021. The dividend is payable on payable on July 28, 2021. Cisco Systems, Inc. (CSCO) is a global technology leader that designs, m...

May 31, 2021 View Article

Merck Announces Q3 2021 Dividend Payable July 7, 2021.

Reportedly, Merck & Co., Inc. (MRK) has announced a quarterly dividend of $0.65 per share of the company’s common stock for the third quarter, 2021 to shareholders of record at the close of business on June 15, 2021. The dividend is payable on July 7, 2021. Merck & Co., Inc. (MRK) is ...

May 30, 2021 View Article

Goldman Sachs Wins China Approval For Joint Wealth Management Venture With ICBC

Reportedly, China has approved the Goldman Sachs Asset Management Unit and Industrial and Commercial Bank of China (ICBC) joint venture to set up a foreign-controlled wealth management firm. The unit of Goldman Sachs Group Inc will offer a 51% funding contribution ratio, while the wealth management ...

May 27, 2021 View Article

JPMorgan Morgan Health In Washington DC With Deploying Up To $250M

As per reports, JPMorgan Chase & Co (JPM) announced details about Morgan Health, a new business venture focused on improving the efficiency, quality, and equity of employer-sponsored healthcare. The unit will be led by Dan Mendelson, CEO of Morgan Health. Mendelson will report to the Vice-Chair...

May 24, 2021 View Article

J.P. Morgan Secures Top Spot As European Web Transaction Acquirer

Reportedly, J.P. Morgan (JPM) has secured the top spot in the Nilson Report’s European ranking of merchant acquirers for the sixth year in Europe by web-based transactions. As per the report, the 45 largest acquirers handled over 22 billion web-based transactions with a value of over $1 trill...

May 20, 2021 View Article

Goldman’s Consumer Business CFO, Sherry Ann Mohan To Join JPMorgan Chase Business Banking Unit

As per reports, JPMorgan Chase & Co (JPM) has hired Sherry Ann Mohan as the chief financial officer of its business banking unit, formerly MD, and CFO for Goldman's (GS) consumer business. Mohan served at Goldman's consumer business, which includes Marcus and Apple Card. Sherry Ann Mohan's depa...

May 19, 2021 View Article

JPMorgan Lays Down Carbon Reduction Goals For Clients

Reportedly, JPMorgan Chase & Co (JPM) has set out mid-term, carbon reduction goals for clients, as the bank faces pressure to align their financing activities with their climate change commitments. JPMorgan Chase & Co is asking its clients in the auto industries and electric power to meet ca...

May 19, 2021 View Article

Visa Collaborates With Wave, Offering Instant Payouts To Canadian Small Business Owners

Reportedly, Visa Inc. (V) has partnered with Wave, an all-in-one accounting and business banking platform to launch Instant Payouts to Canadian small businesses helping them to manage their cash flow. The platform will be enabled by Visa Direct, Visa's real-time2 push payments platform, and made ava...

May 14, 2021 View Article

American Express Announces Quarterly Dividend

Reportedly, the Board of American Express Company (AXP) announced a regular quarterly dividend of $.43 per common share to shareholders of record on July 2, 2021, payable on August 10, 2021. Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses globa...

May 10, 2021 View Article

Cisco Announces Q3 Release Details

Reportedly, Cisco Systems, Inc. (CSCO) is scheduled to release its third-quarter earnings, 2021 on Wednesday, May 19, 2021, at 1:30 PM (PT) / 4:30 PM (ET). The press release of the earnings will be posted on the company's website under the "Newsroom" section. Dial-in details: 888-848-6507 & 21...

May 10, 2021 View Article

Home Depot To Release Q1 Earnings On May 18

As per reports, the world's largest home improvement retailer, The Home Depot, Inc. (HD) is scheduled to announce its first-quarter earnings conference call on Tuesday, May 18, at 9 a.m. ET. The webcast can be reached at http://ir.homedepot.com/events-and-presentations under the First Quarter Earnin...

May 07, 2021 View Article

Visa Quarterly Earnings Signal Reviving Economy

Visa (V) earnings are showing signs of recovery as an increase in online shopping helped the world's biggest payment processor quarterly earnings beat Wall Street estimates and overcome sluggish travel spending. Visa's total payment volumes increased 11% on a constant dollar basis. Visa's net revenu...

May 03, 2021 View Article

Microsoft Reports Earnings

Microsoft (MSFT) reports reports earnings expectations. The technology giant’s majority growth contributor was its Azure cloud division, pushing its market capitalization close to $2 trillion. For the quarter, the company reported $15.12 billion in revenue from the segment, a 23% year-over-year in...

Apr 28, 2021 View Article

IBM Reports Encouraging Q1 Revenue Growth & Beat!

International Business Machines Corporation (IBM) reports Q1 revenue growth after four quarters of declining figures. The technology giant reported an adjusted EPS of $1.77 per share versus $1.63 per share as expected by analysts. Revenue of $17.73 billion was recorded, a little ahead of market esti...

Apr 23, 2021 View Article

American Express Exceeds Quarterly Profits- Benefits of $675M From Release of $1.05B From Loan-loss Reserves

As per reports, American Express Co (AXP) released strong quarterly earnings, beating market estimates. The business card for companies is improving as government incentives and vaccine rollouts point at economic recovery, assisting the industry to recover from a pandemic-driven low in non-essential...

Apr 23, 2021 View Article

Procter & Gamble Quarterly Earnings Beat Market Estimates- Consumers Continue Buying Pandemic Inspired Cleaning Products

Reportedly, the Procter & Gamble Company (PG) third-quarter earnings exceeded analyst estimates as consumers continue to purchase more cleaning supplies and also bounce back to buying beauty products. Key Earning Highlights for the quarter ending March 31: Earnings per share of $1.26 were r...

Apr 21, 2021 View Article

JPMorgan Reports Positive Q1 Earnings, Crushing Market Estimates

JPMorgan Chase & Co (JPM) released first-quarter earnings, performing better than market estimates as the economy starts to revive from the COVID-19 crisis. Key Earning Highlights: Adjusted earnings per share of $4.50 were reported versus the $3.05 estimate. Revenue stood at $32.3 billion...

Apr 16, 2021 View Article

Goldman Sachs Reports Q1 Earnings, Exceeding Market Expectations

Reportedly, the Goldman Sachs Group, Inc. (GS) reported first-quarter net profits and revenues, beating analysts’ estimates driven by a strong performance from the firm’s investment banking and trading businesses. “We have been working hard alongside our clients in preparation for a world b...

Apr 15, 2021 View Article

Honeywell Schedules Release Of Q1 Financial Results

Reportedly, Honeywell (HON) is scheduled to release its first-quarter earnings before trading opens on Friday, April 23, followed by a conference call at 8:30 a.m. ET to discuss and review the results. Dial-in details: (800) 263-0877 for domestic or (646) 828-8143 for international. Conference code...

Apr 13, 2021 View Article

JPMorgan Chase Introduces Specialized Green Economy Team Supporting Environment Friendly Companies

Reportedly, JPMorgan Chase & Co (JPM) Commercial Banking has launched the new Green Economy Specialized industry team, supporting environmentally-friendly goods and services companies with dedicated banking services and expertise. Brian Lehman with more than 20 years of client-facing experience ...

Apr 09, 2021 View Article

Goldman May Soon Offer Bitcoin To Wealth Management Clients

Goldman Sachs Group Inc (GS) is reportedly planning to offer investment vehicles for Bitcoin and other digital assets to its private wealth management unit clients. ″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem f...

Apr 08, 2021 View Article

JPMorgan Chase Announces Release Date For First-Quarter 2021 Earnings

Reportedly, JPMorgan Chase & Co (JPM) is scheduled to release its first-quarter 2021 financial results on Wednesday, April 14, 2021, at 7.00 am ET, followed by a conference call to review the results at 8:30 am ET. The live audio webcast can be reached on the company’s website under Investor ...

Apr 07, 2021 View Article

Goldman Sachs Preparing London Staff To Return Office

As per reports, Goldman Sachs Group Inc (GS) is preparing the return for hundreds of staff back in its London office, after Easter Break, as companies now expect normal working conditions during the COVID-19 pandemic. Nearly 200 of Goldman's 6,000 London employees are expected to return to the offic...

Apr 07, 2021 View Article

Chevron Announces First-Quarter, 2021 Earnings Call & Webcast

Chevron Corporation (CVX) is scheduled to discuss its quarterly earnings via a conference call at 11:00 a.m. ET, on Friday, April 30, 2021. The meeting will be hosted by Pierre Breber, Vice President & Chief Financial Officer, and Roderick Green, General Manager, Investor Relations. Dial-in d...

Apr 07, 2021 View Article

Merck Announces Q1 2021 Sales & Earnings Release & Conference Details – April 29

As per reports, Merck & Co., Inc. (MRK). is set to host its first-quarter 2021 earnings conference call at 8:00 a.m. ET on Thursday, April 29. The live call webcast can be reached on the company’s website under “Events & Presentation”. Investors and analysts can dial (833) 353-0277 o...

Apr 07, 2021 View Article

Visa Enhances Global Money Movement Capabilities With Its Visa Direct Payouts

Reportedly, Visa (V) has announced the expansion of Visa Direct with the introduction of Visa Direct Payouts. The new solution allows global Visa clients and partners to use a single point of connection to push payments to eligible cards and/or accounts for cross-border payments, and eligible cards ...

Mar 31, 2021 View Article

American Express Announces Q1 Earnings Release Date

Reportedly, American Express Company (AXP) to release its first-quarter 2021 financial earnings on Friday, April 23, 2021, at 7.00 a.m. (ET), followed by a conference call at 8.30 am to discuss and review the results. The webcast can be reached by the interested parties on the company’s website un...

Mar 28, 2021 View Article

Goldman Considering Take Over Of JetBlue’s Credit Card Business

As reported in the Wall Street Journal, Goldman Sachs Group Inc. (GS) is in talks with JetBlue Airways Corp to take over its credit card program. The bank is competing with Barclays PLC, which is the current issuer of JetBlue's credit cards and is reportedly in talks with the low-cost airline to str...

Mar 23, 2021 View Article

Visa Faces Probe By U.S. Justice Department Over Debit-Card Routing Practices

As per reports, Visa Inc. (V) is under investigation by the U.S Department of Justice to probe the credit card’s giant involvement in anti-competitive practices in the debit-card market. The antitrust division is probing the network’s rules for routing transactions both in stores and online. ...

Mar 22, 2021 View Article

The Coca-Cola Company Schedules Release Of Q1 2021 Earnings For April 19

Reportedly, the Coca-Cola Company (KO) to release its first-quarter 2021 financial results on April 19 before the market opens, followed by an investor conference call at 8:30 a.m. ET to discuss and review the results. Interested parties can join a webcast for this event at www.coca-colacompany.com/...

Mar 22, 2021 View Article

American Express Announces Quarterly Dividend Payable May 10, 2021

Reportedly, the board of American Express Company (AXP) announced a quarterly dividend of $.43 per common share to shareholders as of April 2, 2021. The dividend is payable on May 10, 2021. Dow 30 component American Express Company (AXP), and its subsidiaries provide customers and businesses global...

Mar 18, 2021 View Article

Goldman Sachs Partner Matthew Verrochi To Be New Co-Head Of Fixed-Income Sales

Reportedly, Goldman Sachs Group Inc. (GS) has promoted Matthew Verrochi to lead fixed-income sales in the Americas alongside Av Bhavsar amid a leadership shuffle. Matthew Verrochi, with 17-year service to the firm, previously served as the regional head for the trading division in San Francisco. Mat...

Mar 18, 2021 View Article

Travelers Announces Q1 2021 Earnings Release Date

Reportedly, the Travelers Companies, Inc. (TRV) to discuss and review its first quarter 2021 results on Tuesday, April 20, at 9 a.m. ET soon after the release of results earlier that morning. Investors can reach the call via webcast on the company’s website under Investor Relations. Alternately In...

Mar 14, 2021 View Article

Intel Announces Quarterly Cash Dividend

As per reports, the board of Intel Corporation (INTC) announced a quarterly dividend of $0.3475 per share on the company’s common stock payable on June 1, 2021, to stockholders as of record on May 7, 2021. Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most a...

Mar 14, 2021 View Article

JP Morgan To Strengthen New Remote Financial Advice Offering By Hiring Over 100 Financial Advisors In Phoenix Metro Area

Reportedly, J.P. Morgan Wealth Management (JPM) to hire more than 100 financial advisors in the Phoenix metro area by 2022, working on the bank’s commitment to growing in Arizona. The new employees will be a part of J.P. Morgan’s growing U.S. wealth management business, with a focus to offer pro...

Mar 12, 2021 View Article

Travelers Collaborates With Westhill In Move to Improve Claim Experience

Reportedly, The Travelers Companies, Inc. (TRV) has tied up with an innovative technology solution designed by Westhill. Travelers customers filing property claims in select states can now help themselves with Westhill’s digital platform, allowing them to communicate with reputable contractors in ...

Mar 11, 2021 View Article

American Express Widens Its Hiring Choices , As Work From Home Continues To Stay

As per reports, American Express Company (AXP) may prefer to hire from a larger talent pool in the future from cities where it does not have offices, as most of its employees would continue working from home. "I don't think the work environment as we left it, will be the work environment we come ...

Mar 10, 2021 View Article

Goldman Sachs’ Head Lawyer Karen Seymour Exits Position

As per the Bloomberg report, Goldman Sachs Group Inc's (GS) general counsel Karen Seymour is leaving the bank. Seymour played a pivotal role in the bank's negotiations to settle U.S. and international investigations into the role Goldman Sachs bankers played in Malaysia's 1MDB corruption scandal. ...

Mar 03, 2021 View Article

Colleen Foster, Goldman’s Global Head Of Commodities Finance Is Retiring

Reportedly, Colleen Foster, global head, commodities finance solutions, Goldman Sachs Group Inc (GS) is retiring after serving the firm for more than twenty years. She joined Goldman Sachs in 1999 as a vice president in energy sales and was named partner in 2006. Foster's last role was in investmen...

Feb 25, 2021 View Article

Coca-Cola Confirms 59th Consecutive Annual Dividend Increase

Reportedly, The Board of the Coca-Cola Company (KO) announced the company’s 59th consecutive annual dividend increase by 2.4 percent from 41 cents to 42 cents per common share, payable on April 1 to shareholders of record on March 15. The board also announced the election of Stacy Apter as vice p...

Feb 22, 2021 View Article

Honeywell To Pay Quarterly Dividend On March 12

As per reports, Honeywell (HON) will pay a quarterly dividend of $0.93 per share on the outstanding common stock, to all shareholders as of February 26, 2021. The dividend is to be paid on March 12, 2021, as announced by the company's Board of Directors. Honeywell, a Fortune 100 technology company ...

Feb 15, 2021 View Article

Tesla’s Interesting $1.5B Investment & Willingness To Accept Bitcoin Payments

Reportedly, electric car maker Tesla (TSLA) has invested $1.5B in Bitcoin and will also soon start accepting payments for its cars in Bitcoin "subject to applicable laws and initially on a limited basis," making it the first S&P 500 company to invest in Bitcoin. Last month, a change in investmen...

Feb 11, 2021 View Article

Visa’s US Consumer Credit Account Holders Can Now Enjoy Benefits With NortonLifeLock

As per reports, Visa Inc. (V) has announced the availability of a new benefit for its Visa consumer credit account holders in the U.S. Consumers holding Visa Infinite, Visa Signature, or Visa Traditional credit cards can now enroll and enjoy benefits of complementary offers and discounts on product...

Feb 10, 2021 View Article

JP Morgan Appoints Simone Haslinger & Jonas Troeber to Head Australian & New Zealand Equity Capital Markets

Reportedly, JPMorgan Chase & Co (JPM) has appointed Simone Haslinger and Jonas Troeber to head its Australian and New Zealand equity capital markets units, replacing Jabe Jerram and Dyson Bowditch who left the bank recently to join Barrenjoey Capital. Haslinger has been with JPMorgan in 2010 an...

Feb 10, 2021 View Article

American Express Pushes Uber Perks To Gold Card

Reportedly, American Express Co (AXP) is twisting the rewards on its Gold card as the credit card giant strives to retain its affluent customers. Customers holding a $250-a-year card will now receive a $10 monthly credit for purchases made with Uber Technologies Inc including their rides or food del...

Feb 10, 2021 View Article

Merck Releases Q4 Earnings Below Estimates

Merck & Co. Inc. (MRK) reports disappointing quarter results with coronavirus pandemic impacting $400 million on fourth-quarter sales. Sales increased 5% to $12.51 billion but missed analyst forecasts for $12.67 billion. Adjusted earnings came in at $1.32 per share missing estimates of $1.38 p...

Feb 08, 2021 View Article

American Express Elects Thomas J. Baltimore, President of Park Hotels & Resorts Inc., To Its Board

Reportedly, Thomas J. Baltimore, Jr., Chairman, Chief Executive Officer, and President of Park Hotels & Resorts Inc. has been elected to be a part of the American Express (AXP), Board of Directors effective January 27, 2021. Mr. Baltimore was elected Chairman of the Park Hotels & Resorts’ ...

Feb 03, 2021 View Article

JPMorgan Chase To Offer Digital Consumer Banking In in Canary Wharf, London

JPMorgan Chase & Co (JPM) is set to launch a digital retail bank under its Chase brand with headquarters in Canary Wharf, London with a contact center in Edinburgh. The bank will provide products and features tailored to meet the needs of customers in the U.K., delivered via an innovative mobile...

Feb 03, 2021 View Article

Caterpillar Posts Promising Q4 Results

Reportedly, Caterpillar, Inc. (CAT) reported Q4 earnings recently beating analyst estimates. The mining and construction equipment maker posted adjusted fourth-quarter earnings of $2.12 a share, above the $1.45 average of analysts’ estimates. Full-year revenue in 2020 was $41.7 billion, a 22% decr...

Feb 02, 2021 View Article

Visa Beats Q1 Estimates As Holiday Shopping Revives Consumers Spending

Visa Inc. (V) reports quarterly profits, beating Wall Street estimates and witnessing a surge in online shopping during Christmas and New Year holidays, a much-needed recovery in payment volumes from the coronavirus-driven slump. U.S. holiday sales increased 8.3% last year to record their best growt...

Jan 29, 2021 View Article

Travelers Ride High On Quarterly Earnings Driven By Higher Premiums & Strong Underwriting

Property and casualty insurer, Travelers (TRV) reported fourth-quarter earnings recently, beating analyst’s estimates boosted by a rise in premiums and strong underwriting. Travelers reported a rise in net written premiums by 6% to $7.08 billion. Its underwriting gains more than tripled to $513 mi...

Jan 27, 2021 View Article

Aerospace Giant Boeing (BA) Reports Huge Q4 losses Plus Delayed Entry of 777X Jet

Aerospace giant, Boeing (BA) reports huge Q4 losses as the company recorded numerous charges and the delayed the entry of its 777X jet. The company reported a net loss of $11.9 billion and a core loss of $15.25 per share as it booked $8.3 billion in pre-tax charges. Revenue dropped 15% to $15.3 bill...

Jan 27, 2021 View Article

American Express Exceeds Q4 Estimates & Hoping For More

American Express (AXP) beat the Q4 estimates, reporting an EPS of $1.75 on revenue of $9.35 billion, beating estimates at $1.26 a share. Consumer service revenue dropped 14% to $5.5 billion. Commercial services revenue decreased 20% to $2.7 billion. Merchant and network services revenue also dropped...

Jan 27, 2021 View Article

Microsoft Beat Q2 Earnings Estimates On Strength Of Cloud & Personal Computing Strength

Microsoft Corp (MSFT) topped second-quarter 2021 earnings, exceeding expectations on the top and bottom lines driven by its cloud and personal computing strength. Revenue of $43.1 billion was reported versus $40.2 billion expected, EPS of $2.03 was reported versus $1.64 expected. The company’s per...

Jan 27, 2021 View Article

Goldman Sachs Reports Strong Q4 Earnings Riding High On Equities Trading & Investment Banking

Wall Street giant, Goldman Sachs Group, Inc. (GS) reported Q4 earnings recently, exceeding market estimates as they rode high on equities trading and investment banking. The bank reported EPS of $12.08 versus. $7.47 expected. Net revenue of $11.74 billion was reported versus. $10.07 billion expected...

Jan 26, 2021 View Article

JPMorgan Reports Better Than Expected Q4 Profits

JPMorgan Chase & Co (JPM) reported Q4 earnings recently, ahead of market estimates. The bank reported earnings of $3.79 a share, exceeding estimates at $2.62 per share. Revenue of $30.16 billion was reported, vs. $28.70 billion expected. The firm reported having released $2.9 billion from its s...

Jan 25, 2021 View Article

Goldman Inks Deal For General Motors Credit-Card Business

Reportedly, Goldman Sachs Group Inc. (GS) has signed a deal to take over General Motors Co.’s credit-card portfolio. Goldman Sachs will be the issuer for the automaker’s credit-card program with an expected start date in September. Mastercard Inc. will remain the network for the cards. �...

Jan 19, 2021 View Article

Visa To Announce Fiscal Q1 2021 Earnings On January 28, 2021

Reportedly, Visa Inc. (V) will announce its fiscal first-quarter of 2021 on Thursday, January 28, 2021, after the market closes. Visa’s executive management team to host a live audio webcast at 2:00 p.m. Pacific Time/ 5:00 p.m. ET to discuss and review the financial results and business highligh...

Jan 18, 2021 View Article

Goldman & Marqeta Partnering Personalized & Feature-rich Digital Banking Services

As per reports, The Goldman Sachs Group, Inc. (GS) has partnered with the card-issuing startup Marqeta to develop digital checking accounts set to launch this year. The bank expects the partnership will enable it to offer more personalized and feature-rich digital banking services to its customers....

Jan 18, 2021 View Article

Visa $5.3B Purchase of Plaid Following Antitrust Pushback From The Department Of Justice

Reportedly, Visa Inc (V) has withdrawn from its $5.3 billion purchase of payment-processing technology company, Plaid following an antitrust pushback from the Department of Justice. The deal was proposed in January 2020. Plaid’s infrastructure allows consumers and businesses to make payments dire...

Jan 13, 2021 View Article

Walmart To Launch Fintech Start-Up With Ribbit Capital

Walmart Stores, Inc. (WMT) to launch a financial technology (fintech) startup in partnership with Palo Alto, California-based venture capital firm Ribbit Capital which has backed investment platform personal finance portal Credit Karma, Robinhood, and other big names in the industry. The new compan...

Jan 13, 2021 View Article

Merck Schedules February 4 To Release Its Financial 2020 Results

Reportedly, Merck & Co., Inc. (MRK) to review and discuss its full-year and fourth quarter 2020 financial results on Thursday, Feb. 4 at 8:00 a.m. ET. Interested parties can reach the live audio webcast of the event at the company’s website under “Events & Presentation”. A replay ver...

Jan 12, 2021 View Article

JPMorgan Chase Schedules Q4 & Full-Year 2020 Earnings On January 15

Reportedly, leading global financial services firm, JPMorgan Chase & Co (JPM) will announce financial full-year and Q4 results on January 15, 2021, at 7.00 a.m. ET, followed by a conference call at 8:30 a.m. ET to discuss and review the results. Live webcast of the event can be reached at the In...

Jan 09, 2021 View Article