Last week was slightly downbeat for Amazon (AMZN), which fell 1%. The stock was at its weekly high of $1,815 on November 4 and its weekly low on November 8.
Capital One (COF) disclosed that it suffered a major data breach, with the hack exposing the personal data of 106 million customers in the US and Canada.
Some of the top US financial services companies host their data on Amazon’s cloud. Amazon’s rise in the financial sector has caught the Fed’s attention.
Visa’s (V) performance is expected to be primarily driven by spending trends, electronic payment adoption, and tapping into areas where many payments are still made in cash.
Capital One’s Credit Card segment generated total net revenues of ~$4.4 billion in Q1 2018, compared to ~$4.1 billion in Q1 2017, reflecting an 8.0% YoY increase.
Amazon (AMZN) is exploring launching a banking service that would appeal to young people and those without traditional bank accounts, according to recent reports by The Wall Street Journal and Bloomberg.
For Amazon, PayPal, and Square, supplying credit to customers is a good way to get customers to spend more. It’s also a way to deepen customer relationships.
In February 2018, Discover Financial Services (DFS) was covered by 25 analysts, of whom nine suggested a “strong buy” and five recommended a “hold” on the stock.
American Express’s (AXP) Global Commercial Services segment saw a substantial rise of 52% in net income, from $382 million in 4Q16 to $580 million in 4Q17.
In December 2017, American Express (AXP) is being tracked by 30 analysts. Five of them are suggesting a “strong buy” for the stock, and 16 are suggesting a “hold.”
The Global Commercial Services division of American Express (AXP) posted total revenues after the deduction of interest expenses of $7.6 billion in the first three quarters of 2017.
In the first three quarters of 2017, American Express (AXP) posted total expenses of $17.1 billion compared to $15.7 billion during the same period of 2016.
In 3Q17, Wells Fargo saw its non-accrual loans fall to $8.6 billion, or 0.91% of its total loans, compared to $9.1 billion, or 0.95% of its total loans, on June 30, 2017.
American Express’s (AXP) Global Merchant Services division has seen a marginal rise of 4.0% on a YoY (year-over-year) basis for its total 3Q17 revenues.
Total 3Q17 revenues for American Express’s (AXP) Global Commercial Services division were $2.6 billion in 3Q17 compared to $2.4 billion in 3Q16, reflecting a 6.0% rise.
Lower valuation Wall Street analysts expect American Express (AXP) stock to reach $89.50 within one year. This estimate represents a 3.3% price increase. The company’s US consumer services division’s income fell substantially between 1H16 and 1H17. However, the company managed to reduce its marketing, promotion, and other expenses in its global merchant services division. American […]
PayPal (PYPL) may be bracing for more competition as banks have put their differences aside to launch a common P2P (peer-to-peer) payment platform called Zelle.
The Federal Reserve approved JPMorgan Chase’s (JPM) capital plans for 2016 after it passed the annual stress test. The bank said it would keep its dividends constant.
Citigroup is currently one of the stocks paying the lowest dividends in the banking space (KBE). In 2015, the company paid dividends of $0.16 per share.
Tableau projected revenues for 2016 to be between $830 million and $850 million, lower than its previous forecast of between $845 million and $865 million.
Capital One’s efficiency ratio was 56.2% for 4Q15, which is slightly lower than the 56.5% the company saw in 4Q14. With efficiency ratios, lower is better.
US corporates were the biggest issuers of high-grade bonds in the week ending October 30. They accounted for 67.1%, or $25.7 billion, of all the issues.
There were investment-grade corporate bonds worth $38.2 billion issued in the primary market in the week ending October 30—the highest since September 18.
Some market participants point out that regulations give cause for worry about bond market liquidity because they hinder banks’ market-making capabilities.
Labor market slack refers to the underutilization of available workforce. One of the indicators that shows whether there’s slack in the labor market is the labor force participation rate.
The latest Federal Reserve data on consumer credit were released on July 8, 2015. There was 2.10% growth in the revolving consumer credit levels in May.
Banking stocks within the Financial Select Sector SPDR Fund (XLF) fell by 0.81% in the week ending June 19, in line with the Dow Jones U.S. Banks Index, which fell by 0.7% that week.
Large-cap banking stocks make up 45.9% of the XLF portfolio. These stocks fell by 0.77% last week. And YTD, small-cap banking stocks have risen by 9.13%.
June 12 data from the Fed According to the latest Federal Reserve data released on June 12, total deposits at all US commercial banks in the week ending June 5 increased by 5.4% YoY (year-over-year). Deposits grew by 5.6% YoY in the previous week. Total deposits account for 85% of US banks’ funding. As the above graph shows, […]
One of the main reasons consumer spending remained low in the first quarter of 2015 is probably the harsh winter. Consumers are also not very confident about the overall economy.
During 1Q15, Discover repurchased ~6 million shares of common stock. This resulted in a 1% decline in the common stock outstanding from the previous quarter.
Ascend Capital increased its position in Bank of America by over $18 million. It represented 1.11% of the total portfolio in 4Q14—up from 0.32% in the third quarter.
Auto finance is a business where Capital One (COF) grew rapidly. The bank entered the market in 1997. Since then, it has been able to build a sizeable market share.
The most important element in Capital One’s strategy is a strong geographical focus. It concentrates its limited assets into geographies where it’s strong.
Capital One (COF) saw a sharp fall in its return on equity during the subprime crisis. Its average ROE was nearly 10% over 2014. This is good and sustainable.
The credit card business is Capital One’s oldest and the most important business. It’s a business where the bank enjoys significant competitive advantages.
