credit cards

Visa, Inc. (NYSE:V) shares are trading higher after the reported its second-quarter financial results after the bell Tuesday. Here's a look at the highlights.  The Details: Visa reported quarterly adjusted earnings of $2.51 per share which beat the analyst consensus estimate of $2.44 by 2.87%....

American Express Company (NYSE:AXP) reported its first-quarter results, with 6% year-on-year card member spending growth. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. BMO Capital Markets On American Express Analyst James Fotheringham...

Visa Inc (NYSE:V), will be reporting its second-quarter earnings on Tuesday. Wall Street expects $2.44 in EPS and $8.62 billion in revenues as the company reports after market hours. The company has been delivering an earnings beat over the last four quarters. The stock experienced significant...

Banking and credit card company Discover Financial Services (NYSE:DFS) reported first-quarter financial results after market close Wednesday. Here are the key highlights. What Happened: Discover Financial reported first-quarter revenue of $4.21 billion, net of interest expense, which was up 13%...

Accumulating a credit card balance month-over-month is likened to "owing money to a loan shark," Noah Damsky, a chartered financial analyst, told CNBC. Bankrate data shows this mistake is exceptionally costly, given that the current average annual percentage rate (APR) for credit cards is...

Consumers are having trouble paying credit card bills. What Happened: According to a new report by the Philadelphia Fed, credit card delinquencies reached the highest on record in the last quarter of 2023. The agency has been analyzing credit card data since 2012. Since then, the fourth quarter of...

American consumers are bracing for a tighter credit environment, expecting more stringent lending criteria in the near future. This anticipation comes as major credit companies move to adjust their fee structures, potentially impacting consumer spending and the broader economy. What Happened: The...

Visa Inc. (NYSE:V) shares are trading higher on Friday. The company partnered with Skipify to boost the reach and capabilities of Skipify’s connected wallet. With this agreement, Skipify aims to reinvent how consumers transact, leveraging technologies to simplify and accelerate the payment...

Robinhood Markets Inc (NASDAQ:HOOD) unveiled the Robinhood Gold Card at its first-ever keynote event this week. Co-founder and CEO Vlad Tenev explained the company’s strategy following the event. Robinhood Gold Card: Wednesday on CNBC’s “Squawk Box,” Tenev said that...

Shares of American Express Company (NYSE:AXP) rose to a record high of $219 during the intraday session on Wednesday, buoyed by a strong bullish momentum. The credit card issuer is currently experiencing a streak of six consecutive weeks in the green, with 16 positive weeks out of the last 18. The...

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...

The $35 billion takeover of Discover Financial Services (NYSE:DFS) by Capital One Financial Corp (NYSE:COF) creates the U.S.’ biggest credit card operator, and a major headache for rivals Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA). The synergies created are what drove the deal. Capital...

Capital One Financial Corp (NYSE:COF) is reportedly exploring the possibility of acquiring Discover Financial Services (NYSE:DFS), signaling a strategic move to strengthen its credit card offerings. Deliberations Are On, Discover Stock Is A Good Asset Virginia-based Capital One has engaged...

U.S. Treasury Secretary Janet Yellen warned on Thursday of the potential failure of non-bank lenders if household finances became stretched and the rate of delinquencies on loans rises. Speaking before a Senate Committee on Banking, Housing and Urban Affairs, the former Federal Reserve chair warned...

U.S. household debt climbed by $212 billion, reaching a new record high of $17.5 trillion at the end of 2023, according to the New York Federal Reserve. The Quarterly Report on Household Debt and Credit revealed significant increases across several categories, with credit card balances and...