Tag: Financial Services

Old Republic misses earnings estimates despite revenue growth

On Thursday, Old Republic International Corporation (ORI) reported fourth quarter earnings that fell short of analyst expectations, despite posting higher revenue.

Huntington Bancshares beats Q4 estimates, shares fall on acquisition costs

On Thursday, Huntington Bancshares Incorporated (HBAN) reported fourth-quarter adjusted earnings that exceeded analyst expectations.

Berkshire prepares to exit 28% stake in Kraft Heinz as new CEO aims to move on from rare Buffett gaffe

Berkshire Hathaway, with new CEO Greg Abel in charge, has taken a formal step toward unwinding a rare misstep by Warren Buffett.

Charles Schwab Earnings Are Lower Than Expected. The Stock Is Down.

A surge in investor activity boosted Charles Schwab (SCHW) profits in 2025, but the company’s fourth-quarter results fell just a tad short of Wall Street expectations.

Ally Financial shares fall 3% as investors focus on auto finance weakness

Ally Financial Inc. (ALLY) reported fourth quarter adjusted earnings that beat analyst expectations on Wednesday.

Apple Card Taken Over by JPMorgan. Why Goldman Has Exited the Credit Play.

JPMorgan Chase (JPM) is taking over the Apple (AAPL) credit-card program from Goldman Sachs—and the iPhone maker will be hoping a new partner brings about a change in fortunes for the co-branded program.

Visa and Mastercard report 4% growth in US holiday retail sales

Sales for U.S. retailers have increased by about 4% so far this holiday season as Americans balanced tighter budgets with a desire to upgrade gadgets and refresh wardrobes, according to preliminary figures released by Visa (V) and Mastercard (MA) on Tuesday.

Nasdaq Seeks SEC Approval for 23-Hour Trading During Weekdays

Nasdaq Inc. (NDAQ), the second-largest exchange in the US, is looking for regulatory approval to extend trading hours on its stock venues to 23 hours during the work week.

CME Group resumes trading after cooling issue at data centers

CME Group announced on Friday that its Globex futures and options markets pre-opened at 07:00 Central Time (1300 GMT) and opened at 07:30 CT, following an earlier trading halt caused by a cooling issue at its data centers.

Klarna to launch dollar-backed stablecoin as race in digital payments heats up

Swedish fintech firm Klarna on Tuesday said it will launch a U.S. dollar-backed stablecoin, becoming the latest major payments company to move deeper into digital assets as regulators tighten oversight of the sector.

Klarna Posts First Earnings Report Since Stock IPO. What Investors Should Know.

Klarna Group made its trading debut with a bang in September. Its third-quarter earnings report, the fintech’s first since going public, is putting investor interest to the test.

Alphabet Stock Jumps. What Google’s Berkshire Boost Says About the AI Trade.

Alphabet stock was gaining early Monday on news that Warren Buffett’s Berkshire Hathaway bought a stake in the owner of Google.

Circle quarterly profit beats estimates on stablecoin growth

Circle (CRCL.N), beat Wall Street expectations for third-quarter profit on Wednesday, on the back of higher reserve income through its flagship USDC as stablecoin circulation increased.

Visa beats quarterly Street estimates on strong transaction volumes, cross-border growth slows

Visa (V.N), narrowly beat estimates for fourth-quarter profit on Tuesday and gave an upbeat forecast for its new fiscal year, as strong consumer spending in the U.S. drove card transaction volumes on the payments processing company’s network.

PayPal shares surge 14% after OpenAI deal to become the first payments wallet in ChatGPT

PayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, the company told CNBC exclusively.

Αναβάθμισε την Alpha Bank σε Βaa1 η Moody’s

Η αναβάθμιση, επισημαίνει ο οίκος αξιολόγησης, βασίζεται στο βελτιούμενο προφίλ επαναλαμβανόμενων κερδών, την ήπια βάση κόστους και την προσδοκία για διατηρήσιμη άνοδο των κερδών παρά τη μείωση των επιτοκίων.

Αναβάθμισε την Intralot η Moody’s σε Β2

Σε αναβάθμιση της πιστοληπτικής αξιολόγησης της Intralot σε B2 από Caa1 προχώρησε η Moody’s, αναβαθμίζοντας σε Β2 από Β3 και την αξιολόγηση των ομολόγων της εισηγμένης, με σταθερό outlook.

Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years

Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash.

Klarna stock jumps 15% in NYSE debut after pricing IPO above range

Shares of Klarna rose 15% in their New York Stock Exchange debut Wednesday, closing at $45.82 after the Swedish fintech priced its IPO above its expected range.

Klarna prices IPO at $40, above online lender’s expected range

Online lender Klarna priced its IPO at $40 per share on Tuesday, above its expected range, in a deal that values the Swedish company at about $15 billion.