Earnings roundup: Tech-related spend shoots up at PNC, State Street and BNY Mellon
PNC will continue to expand its automation efforts and IT spend in 2022, responding in part to the “Great Resignation,” ...
Tag: earnings
KeyBank grows loan originations with help from digital lending platform
KeyBank continues to reap dividends from its 2019 acquisition of online lending business Laurel Road, citing the transaction, along with ...
Citizens’ net income climbs nearly 120% YoY as digital portfolio expands
Citizens Financial Group reported net income of $2.3 billion for 2021, up 119% year over year, citing customer gains and ...
U.S. Bank: Technology investments expected to level off in 2022
Technology investment was a major point of focus for U.S. Bank’s fourth-quarter earnings report, but the bank expects investments to ...
Bank of America sees 79% YOY growth, credits digital channels
Bank of America largely credits digital banking, sales and services for its $31.9 billion in net income for 2021, a ...
Truist migrated 9 million clients to digital platform in 2021
Truist is headed for its final core conversion in February when heritage SunTrust clients will be migrated to the Truist ...
Wells Fargo to enhance mobile banking for consumers and small businesses
Wells Fargo will continue to drive its digital capabilities in 2022, building around an enhanced mobile banking suite and rapid ...
Citigroup touts 5,500 more tech workers, increased tech spend in 2021
Citigroup added 5,500 technology workers and increased its tech spend 10% to about $10 billion in 2021. The $2.9 trillion ...
JPMorgan Chase will increase tech spend by $2.4B in 2022
JP Morgan Chase, the largest bank in the U.S., today revealed it will increase by 20% the $12 billion it ...
UiPath reports 50% revenue growth to $220.8M
Robotic process automation (RPA) vendor UiPath saw revenue skyrocket in Q3 to $220.8 million, a 50% year-over-year increase. The company ...
