Browsing: revenue

Key insight: Bank of America is directly connecting increased revenue and decreased cost to AI.What’s at stake: Operational costs and competitive advantage hinge on successful AI…

Key insights: Block’s stock fell 11% in afterhours trading on Thursday after the fintech missed Wall Street’s earnings estimates.   What’s at stake: The selloff came as the…

Key insight: ChimeCore migration and Chime Card rollout is shifting the neobank’s revenue toward interchange fees.Supporting data: Q3 revenue $543.5 million; active users up 21% to…

Key insights: Visa had a “better than expected” fiscal fourth quarter and said it expected that momentum to carry through the holidays. What’s at stake: Despite some…

Key insights: JPMorgan Payments logged record revenues of $4.9 billion in the third quarter, a 14% year-over-year increase. Excluding the impact of equity investments, payments revenue…

Key insight: Bank of New York Mellon reported a strong third quarter, aided by higher net interest income and the release of provisions for credit losses.Forward…

What’s at stake: On average, U.S. businesses reported losing the equivalent of 9.8% of their revenue to fraud over the past year, a significant increase from…

Noelle Acheson points out that crypto custody is about more than incorporating new assets into an established service; it’s about reshaping how we see standard financial…

Affirm’s stock soared Friday on the heels of better-than-expected fiscal earnings that saw the buy now/pay later hit its highly anticipated profitability target it set out…

The stablecoin issuer Circle released its first earnings report since the company went public in June and the GENIUS Act for U.S. stablecoin regulation was signed…