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A Bilt spokesman said that roughly 1,850 cardholders were affected and that it moved quickly to correct the errors.

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The bank is the latest to embrace blockchain to make payments and transfers faster and more efficient.

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In their wake, the bank’s wealth management unit suffered an exodus of financial advisors. Wedding-related spending has increased 8.5% year over year so far in 2026, according to Bank of America payments data. Inflation is playing a role, but so is social media: A majority of respondents to a BofA survey said the era of digital connections and scrolling has introduced additional expenses, such as hiring content creators to capture and share the special day.

There is a pattern that keeps repeating in this AI earnings cycle. A company spends heavily on infrastructure. Analysts get nervous about whether the spending will ever pay off. Targets get trimmed. Then the results come in and the conversation shifts. July 29 was Microsoft's turn to go through ...

(Bloomberg) -- Aggressive AI spending plans by Amazon.com Inc., Microsoft Corp. and Alphabet Inc. provided fresh evidence that demand for chips and related equipment will remain strong, offering relief to a sector that’s been battered in recent days. Most Read from BloombergChip Stocks Post Biggest Advance Since April 2025: Markets WrapUS Strikes Iran Again as Conflict Spreads Across Middle EastBond Yields at 19-Year High Send Warsh Credibility WarningWarner Bros. Deal Collapse Would Cost the El

Robust rail fleet utilization and a surging secondary market propel earnings, with the Wells Fargo acquisition delivering double the expected EPS benefit.

Wall Street does not usually turn on a stock this fast. Earlier this year, Snowflake (SNOW) was one of the names investors turned away from when they decided artificial intelligence might break the software business. SNOW stock fell hard, and the story around it was almost entirely about what ...

Goldman’s stock, which fell 4.6%, was on track for its worst performance in two months. Morgan Stanley, JPMorgan, and Bank of America—all of which hit records this month, too—dropped 3.4%, 2.3%, and 1.2%, respectively on Wednesday. Citi was down 3.3%, and Wells Fargo dropped 2%.

Tejpaul Bhatia, the CEO of Nebex, said that his company, which is aimed at building a financial operating system for the space industry, saw an economic gap in the growth of space travel as more money is put into the growth of the commercial space industry. Bhatia compared the potential of a space economy to the role of American Express and Wells Fargo at the beginning of the railroad industry.

Paze faces an uphill battle to get people to use its online checkout button over Apple Pay and Google Pay.

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If big bank earnings are any indication, consumers are doing fine despite the headwinds.

Wells Fargo announced plans to raise its dividend by 11% to $0.50 per share from $0.45 after the Federal Reserve’s stress test showed its CET1 ratio remaining well above requirements.

EPS surged 25% as revenue growth and efficiency gains accelerated across all segments.

Capital One is due to report after Tuesday’s close. The bank’s vast card business is crucial for the bank and offers a broad look at how consumers are doing.

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Marc Chaikin of Chaikin Analytics breaks down bank earnings, mega-cap tech divergence, oversold chip stocks, SpaceX's post-IPO slide and mid-cap names like Avnet this earnings season.

Wells Fargo & Company on Tuesday reported stronger-than-expected second-quarter results as higher fee income, investment banking activity and net interest income lifted revenue. The bank reported adjusted earnings of $1.96 per share, beating the Wall Street consensus estimate of $1.72....

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The banking giant just showed off its profit engine, but now it has to prove this new power is permanent.

Q2 earnings season kicked off with the big banks swinging for the fences, and Jefferies sees four dividend-paying giants still leaving serious upside on the table despite the rate uncertainty clouding the second half of 2026.

While we are still in the opening stages of the Q2 reporting cycle, the early results strongly reinforce the robust corporate earnings trend we've been seeing, with the big banks starting off the Q2 earnings season with remarkable momentum.

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Virtually everything worked in big banks’ favor in the second quarter, but there’s no shortage of things that could go wrong.

Virtually everything worked in big banks’ favor in the second quarter, but there’s no shortage of things that could go wrong.