Text size Photograph by Andrew Burton / Getty Images BlackRock’s second-quarter earnings increased 22% to $ 7.85 per share higher than expected, while net flows plummeted during the period of market uncertainty. The increase in earnings partly reflected a lower share count after BlackRock (BLK) repurchased part of PNC Financial …
Read More »Wells Fargo may need to cut its dividend by 50%, analyst says
Text size Wells Fargo plans to disclose its pay level when it reports second-quarter results in July. fake pictures With the Federal Reserve stress tests in the rearview mirror, Wall Street has a little more guidance on the path of bank dividends later this year. But the uncertainty remains. The …
Read More »Mastercard collects the open banking company Finicity amid a great digital boost
Mastercard Inc. is making a bigger bet on open banking as consumers seek to use their banking and financial credentials with more online services. The company announced Tuesday that it plans to acquire Finicity, an open banking company, for $ 825 million, with an additional profit of $ 160 million …
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