earnings Archives

Visa Inc. signage during the Singapore FinTech Festival on Nov. 15, 2023.

Payments behemoth Visa is using AI to improve its fraud detection as instant payment adoption grows. Visa reported its total ...

Cap One, Discover to complete acquisition in ‘early 2025’

byWhitney McDonald

January 23, 2025

Capital One and Discover are awaiting regulatory and shareholder approval for their deal. The bank first announced its acquisition of ...

A KeyBank branch in downtown Salt Lake City, Utah, US, on Monday, July 10, 2023. KeyCorp is scheduled to release earnings figures on July 20. Photographer: Kim Raff/Bloomberg

KeyBank to up tech spend by 10% in 2025

byMadeline Durrett

January 21, 2025

KeyCorp, the parent company of $187 billion KeyBank, expects higher expenses in 2025, with technology initiatives among its investment priorities. ...

Truist lists tech investment among 2025 priorities

byMadeline Durrett

January 17, 2025

Truist is continuing its technology initiatives in 2025 to drive business growth and improve profitability. The $527 billion bank’s 2025 ...

U.S. Bank lists innovation takeaways from CES

byMadeline Durrett

January 16, 2025

U.S. Bank’s technology leaders are looking to emerging technologies at this year’s Consumer Electronics Show for financial services applications as ...

Goldman Sachs Group Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, June 28, 2024. Wall Street traders sent stocks toward fresh all-time highs as signs of inflation cooling reinforced bets the Federal Reserve will be able to start cutting interest rates this year. Photographer: Michael Nagle/Bloomberg

Goldman launches 3-year tech investment plan

byVaidik Trivedi

January 15, 2025

Goldman Sachs in today’s earnings call announced a three-year tech investment plan that uses automation and AI to improve its ...

Wells Fargo commits to risk infrastructure, efficiency initiatives

byMadeline Durrett

January 15, 2025

Wells Fargo is investing $54.2 billion into enhancing its operational efficiency and expanding its risk infrastructure in 2025. The projected ...

JPMorgan to spend $95B in 2025

byWhitney McDonaldand1 others

January 15, 2025

JPMorgan Chase expects to spend $95 billion in 2025 on modernization and business growth, up 4.4% from $91 billion in ...

TD Bank spends on anti-money laundering tech

byVaidik Trivedi

December 5, 2024

TD Bank is investing in technology for anti-money laundering compliance after the U.S. Department of Justice fined the bank $3 ...

The Bank of Montreal (BMO) headquarters in Toronto, Ontario, Canada, on Wednesday, March 8, 2023. Rising rates are expanding Canadian banks' net interest margin, but a flatter and inverted yield curve limits upside, and a peak may come in 2023. Photographer: Della Rollins/Bloomberg

BMO builds on digital-first strategy

byWhitney McDonald

December 5, 2024

Bank of Montreal continued to invest in modernization tapping data, analytics and AI. “Across our businesses, we advanced our digital-first ...

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Tag: earnings

Visa deploys AI for instant payments fraud detection

Cap One, Discover to complete acquisition in ‘early 2025’

KeyBank to up tech spend by 10% in 2025

Truist lists tech investment among 2025 priorities

U.S. Bank lists innovation takeaways from CES

Goldman launches 3-year tech investment plan

Wells Fargo commits to risk infrastructure, efficiency initiatives

JPMorgan to spend $95B in 2025

TD Bank spends on anti-money laundering tech

BMO builds on digital-first strategy

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