By Suzanne McGee (Reuters) – Amplify Investments teamed up with the asset management division of Korean conglomerate Samsung to launch a new actively managed exchange traded fund (ETF) designed to…
By Rodrigo Campos NEW YORK (Reuters) -Philippines Finance Minister Benjamin Diokno says there is potential that the remittances that help power the southeast Asian economy could be replaced by AI.…
(Reuters) – Insurance provider Aflac on Wednesday reported third-quarter profit above estimates, helped by higher premium revenue from its U.S. unit and strong gains on its investments. Its U.S. unit…
(Reuters) – MetLife on Wednesday reported a third-quarter profit that was above Wall Street expectations, as recovery in the U.S. markets boosted the insurer’s return from investments. Wall Street has…
By Aida Pelaez-Fernandez (Reuters) – Steelmaker Ternium reported on Tuesday a third-quarter adjusted net income of $271 million, up more than 77% from the $153 million net income posted during…
(Reuters) – Loews Corp on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and insurance unit CNA Financial’s strong…
(Reuters) – Capital One Financial on Thursday sailed past estimates for third-quarter profit as the consumer lender charged higher interest rates on loans, sending its shares up more than 4%…
PATERSON, NJ — A second phase of the “guaranteed income” program, funded by Paterson’s American Rescue Plan pandemic relief grant, is now accepting applications from residents for $400 monthly payments…
(Reuters) – Fifth Third Bancorp said on Thursday it expects interest income (NII) to decline again in the current quarter after posting a 1.3% fall in third-quarter profit. Funding costs…
(Reuters) – Asset and wealth manager Northern Trust on Wednesday posted a smaller-than-expected drop in third-quarter profit as a rise in fee-based income cushioned the hit from a drop in…
TOKYO (Reuters) – Lawmakers from Japan’s ruling Liberal Democratic Party (LDP) gave a list of proposals to Prime Minister Fumio Kishida’s cabinet for possible inclusion in an economic package to…
By Howard Schneider WASHINGTON (Reuters) – The richest Americans are emerging from the coronavirus pandemic with their share of wealth and income on the rise again despite some thought that…
By Suzanne McGee (Reuters) – Schwab Asset Management on Monday said it cut fees on the Schwab High-Yield Bond ETF (SCYB) and the Schwab U.S. TIPS ETF, which offers exposure…
By Chibuike Oguh NEW YORK (Reuters) – Shares of Northern Trust Corp fell by more than 9% to their lowest level in nearly a month on Tuesday after the custodian…
HARRISBURG, PA – Attorney General Michelle Henry announced a settlement with Ohio-based Tempoe, LLC, resolving deceptive practices that misled consumers into signing costly lease agreements for household items. The company…
Federal Government’s Spending And Money Printing Spree Causing ‘Inflation Tax’ Which Is Greater Than Income Tax Will Kessler on August 11, 2023 Americans are paying far more to offset the…
(Reuters) -Huntington Bancshares beat Wall Street estimates for second-quarter profit on Friday, as it earned more from rising interest rates and saw strong demand for its commercial loans. Largely positive…
(Reuters) – Regions Financial’s second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from bigger provisions. Lenders have earned more in interest income, thanks…
(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a rise in benchmark lending rates.…
(Reuters) – Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds. The company reported a profit of $2.20 per…
(Reuters) – Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income. On an adjusted basis, the…
(Reuters) – US Bancorp forecast full-year net interest income (NII) below Wall Street estimates, sending the lender’s shares down more than 1% in premarket trading on Wednesday. The weak forecast…
(Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid rate hikes to tame inflation boosted the lender’s interest income.…
(Reuters) – Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders’ net interest income rose in a high-interest-rate environment. The upbeat results follow a tumultuous…
(Reuters) – PNC Financial Services Group on Tuesday cut its forecast for full-year net interest income (NII), casting a shadow over the lender’s second-quarter earnings beat. Shares of the bank…