Tag: Financial Services

Visa reported a higher quarterly profit than a year ago, joining a string of big payments firms and banks whose latest earnings show solid spending patterns in the face of concerns that inflation is sticking around and the economy may slow.

PayPal (PYPL.O), raised its full-year profit forecast above Wall Street estimates on Tuesday, as the digital payments giant’s push to revive growth in high-margin businesses such as Venmo and U.S. checkout begins to pay off.

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Nasdaq beat Wall Street estimates for second-quarter profit on Thursday, as volatile markets boosted trading volumes while first-half listings on its eponymous exchange hit their highest since 2021.

Derivatives exchange CME Group (NASDAQ:CME) beat Wall Street estimates for second-quarter profit on Wednesday, as record volatility boosted demand for its products, which are often used to hedge against macroeconomic uncertainty.

Webull Corporation (NASDAQ:BULL) stock fell 9% after the online investment platform owner announced it had secured a standby equity purchase agreement with Yorkville Advisors.

Stablecoin firm Circle (CRCL.N), is applying to create a national trust bank in the U.S., a major move after its blockbuster IPO valued the company at nearly $18 billion earlier this month.

Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology firm and stablecoin market leader, today announced a strategic collaboration with Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, to jointly explore and develop stablecoin-enabled solutions for financial institutions and merchants within the Fiserv ecosystem.

Klarna’s CEO is so bullish about artificial intelligence that he sees it changing the way the fintech’s 100 million users bank every day as he sets out to diversify the company’s services.

Warren Buffett’s Berkshire Hathaway Inc. slashed its exposure to big-bank shares in the first quarter, liquidating its position in Citigroup Inc. and trimming positions in Bank of America Corp. and Capital One Financial Corp., according to a regulatory filing on Thursday.

Perplexity is extending its bet on chat-powered shopping, aiming to stand out in the crowded generative artificial intelligence market against OpenAI, Anthropic, and Google.

Warren Buffett’s Berkshire Hathaway reported first-quarter results on Saturday that showed a steep drop in operating earnings from the year-earlier period. The conglomerate, which owns a vast array of insurance, transportation, energy, retail and other businesses also warned that tariffs may further hit profits.

Mastercard (MA.N),  beat Wall Street estimates for first-quarter profit on Thursday as customers kept up spending on its card network despite the economic uncertainty sparked by a global trade war, sending its shares up 1.7% in premarket trading.

PayPal reported better-than-expected earnings for the first quarter, but the company missed on revenue and reaffirmed its guidance for 2025 due to macro uncertainty.

Shares in Capital One and Discover Financial Services were rising Monday, as investors reacted to U.S. banking regulators approving a $35 billion merger between two of the biggest U.S. credit-card issuers.

British defence and security company QinetiQ on Monday warned of delays in short-term contracts being awarded in the U.S. and UK, where new policies are being implemented after recent changes in government.

The mortgage giant Rocket Cos. has agreed to buy Redfin in an all-stock deal valuing the online real-estate brokerage at $1.75 billion.

Allianz raised its dividend and said it would buy back shares after net profit rose in last year’s final quarter.

Berkshire Hathaway’s fourth-quarter earnings were excellent but not quite as strong as they looked because of a one-time currency benefit.

DBS Group plans to cut 4,000 jobs over the next three years as it expects artificial intelligence (AI) to increasingly take on roles carried out by humans, Chief Executive Officer Piyush Gupta said on Monday.