Earnings

Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due.

Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers
July 12, 2024  |  Earnings

Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers...

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Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
July 12, 2024  |  Earnings

Banks today are caught between an ongoing digital shift and a challenging macro environment. With the release of Wells Fargo’s second quarter 2024 earnings on...

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JPMorgan Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
JPMorgan Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
July 12, 2024  |  Earnings

JPMorgan’s latest results, released Friday (July 12), showed that consumers continued to use their cards in full force, for both debit and credit payments. And...

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Pepsi: ‘Value-Conscious’ Consumers Cut Back on Snacks
Pepsi: ‘Value-Conscious’ Consumers Cut Back on Snacks
July 11, 2024  |  Earnings

PepsiCo’s snack food revenues dipped during its latest quarter as consumers continued to exercise caution. The food and beverage giant released second-quarter earnings results Thursday...

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Tesla’s Grip on US Electric Car Market Slips in Q2
Tesla’s Grip on US Electric Car Market Slips in Q2
July 10, 2024  |  Earnings

Tesla’s dominance of the American electric car market has faded, even as vehicle sales surge. The company’s share of the electric vehicle (EV) market fell...

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Trending: Earnings Season Set to Spotlight Digital Banking
Trending: Earnings Season Set to Spotlight Digital Banking
July 08, 2024  |  Digital Banking

The big banks will kick off earnings season Friday (July 12), as is the case quarter after quarter. In addition to the usual metrics that...

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Revolut Revenues Jump 95% With Addition of 12 Million Customers
Revolut Revenues Jump 95% With Addition of 12 Million Customers
July 02, 2024  |  Digital Banking

Revolut’s revenues jumped 95% last year as it continues to pursue a British banking license. The London-based FinTech released its 2023 annual report Tuesday (July...

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Nike Reports Continued Channel Shift From D2C to Wholesale
Nike Reports Continued Channel Shift From D2C to Wholesale
June 27, 2024  |  Retail

Nike continued its shift from direct-to-consumer (D2C) to wholesale channels over the past three months. During the quarter ended May 31, the footwear, apparel and...

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Walgreens Considers Closing 25% of Stores Amid Consumer Price Sensitivity
Walgreens Considers Closing 25% of Stores Amid Consumer Price Sensitivity
June 27, 2024  |  Earnings

Challenges in the retail environment and the pharmacy industry have led Walgreens Boots Alliance to consider closing as many as 25% of its U.S. retail...

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