Fiserv shares tumble a record 46% after profit forecast slashed
Fiserv Inc. plunged by the most ever after the fintech slashed its outlook for full-year earnings and announced a broad ...
Tag: earnings
PayPal leans into agentic AI
PayPal is investing in agentic commerce, expecting it to be the company’s next growth engine in an AI-driven market. The ...
Capital One: Continued tech investment makes AI strategy easy
Capital One is reaping the rewards of continued investment in tech and talent as they aid its AI strategy. “We ...
Ally rolls out AI tool for 10K employees to automate, streamline processes
Ally Financial is steadfast in its AI investment and is seeing its operations becoming efficient over time. “This quarter, we ...
BNY has 117 AI solutions in production, up 75% QoQ
BNY is deploying AI and agentic AI to enhance employee and consumer experiences for onboarding, billing, payments, coding and more. ...
Bank of America’s focus is ‘getting the data right,’ CEO says
Bank of America is being judicious in deployment of AI within its operations but already seeing the role the technology ...
Citizens Bank deploys agentic AI in transformation program
Citizens Bank is deploying AI and agentic AI as part of its Reimagine the Bank program. “We have a team ...
Citi attributes 100K hours of savings to gen AI deployment
Citigroup is starting to realize returns on its investments in generative AI and tech modernization. The $1.7 trillion bank reported ...
JPMorgan proves AI returns with ‘old-fashioned’ expense discipline
JPMorgan Chase continues to invest in AI while prioritizing tangible outcomes of efficiency gains. Chief Executive Jamie Dimon said the ...
Wells Fargo’s gross expense savings to reach $15B by yearend
Wells Fargo expects its 2025 gross expense savings to reach $2.4 billion by the end of the year, bringing its ...
