Tag: Financial Services

The US Justice Department plans to allege that Visa Inc. illegally monopolized the US debit card market, according to people familiar with the matter. The antitrust division is set to file a lawsuit as soon as Tuesday accusing the operator of the largest US payments network of a range of anticompetitive conduct.

Warren Buffett’s Berkshire Hathaway has sold shares worth $228.7 million in Bank of America, as the conglomerate continues to trim its stake in the second-largest U.S. lender.

Οι αλλαγές θα ισχύσουν μετά το κλείσιμο της συνεδρίασης της 20ης Σεπτεμβρίου 2024, όταν και αναμένεται αύξηση του τζίρου

There’s nothing quite like the nod of approval from one of the world’s most prominent investors to boost a stock, and that is precisely what is going on with Ulta Beauty  this morning.

Berkshire Hathaway’s after-tax operating profit rose 15% in the second quarter to $11.6 billion, driven by higher insurance underwriting profits and increased income on the company’s large cash holdings.

Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.

Mastercard’s second-quarter profit rose as customers kept up spending heavily via its cards, the payments giant reported on Wednesday.

PayPal Holdings has been a “show me” story this year, and the latest quarter looks like a good chapter for the stock

Visa’s third-quarter revenue growth fell short of Wall Street targets in a rare miss for the world’s largest payments processor as steep borrowing costs limited consumer spending, sending its shares down 4.6% in extended trading.

Goldman Sachs said Monday that it topped profit and revenue estimates on better-than-expected fixed income results and smaller-than-expected loan loss provisions.

Robinhood Markets’ efforts to broaden its product lineup may be paying off as the company reported record first-quarter revenue and a surge in new assets.

Berkshire Hathaway  saw operating profits rise 39% after taxes in the first quarter to a record $11.2 billion, boosted by strength in the company’s property and casualty insurance business and higher investment income.

Block earnings beat expectations as revenue rose 19% in the first quarter, boosted by Bitcoin. The stock is rising.

Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by U.S. consumers despite rising borrowing costs and persistent inflation.

PayPal reported quarterly results that reflected the costs of stock-based compensation for the first time. The company beat analysts’ forecasts on earnings and revenue under previous reporting standards.

Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts’ expectations, fueled by a surge in trading and investment banking revenue.

Wells Fargo’s profit fell 7% in the first quarter on Friday as it became more costly to pay customers for deposits and demand from borrowers declined.

Η Interlife έκλεισε το 2023 με ένα επενδυτικό χαρτοφυλάκιο αξίας 289,4 εκατ. ευρώ.

Berkshire Hathaway shares rose on Monday after Warren Buffett’s conglomerate posted strong earnings for the fourth quarter over the weekend.

Block
stock rose as much as 14% in extended trading Thursday after the payments company reported fourth-quarter earnings that beat analyst estimates on gross profit and showed strong growth in its Square and Cash App revenue.