Tag: Financial Services

MetLife is aiming for double-digit growth in its adjusted earnings per share over the next five years by doubling down on investments in core areas such as group benefits and asset management, its chief executive told Reuters.

Warren Buffett’s Berkshire Hathaway said on Thursday it made new investments in Domino’s Pizza and Pool Corp in the third quarter, even as it retrenched from stocks such as Apple and Bank of America.

Visa is partnering with fintech company Affirm to roll out a card in the U.S. that customers can use for both debit transactions and buy now, pay later purchases, reflecting the growing demand for flexibility in payment options.

Shares of Adyen fell nearly 6% Thursday after the company’s third-quarter report, paring losses of as much as 11% during earlier in the trading session. The stock initially failed to trade when markets opened in Amsterdam.

Berkshire Hathaway’s after-tax operating earnings fell 6% to $10.1 billion in the third quarter, down from $10.8 billion a year ago.

Visa beat Wall Street expectations for fourth-quarter profit on Tuesday, as consumers set aside worries of a slowing economy and swiped their cards to splurge on travel and dining out, sending its shares up 2% in trading after the bell.

PayPal Holdings is in its innovation era, but based on investors’ reaction to the latest quarterly earnings there’s a price to pay for progress.

Berkshire Hathaway recently added to what has been a money-losing stake in Sirius XM  Holding, the satellite radio company, buying 3.6 million shares for about $87 million late last week

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.