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Nubank Profits Jump as Customer Base Grows 15%
PYMNTS.com· 2026-02-26 14:45
Core Insights - Nubank's profits increased by 50% as it expanded its customer base across Latin America, now serving 131 million customers, a 15% growth [2][3] - The bank reported a total revenue increase of 45% to $4.86 billion, with a net profit of $894.8 million compared to $552.6 million in the same quarter of 2024 [3] - Nubank is now the largest private financial institution in Brazil by customer count and holds a significant market share in Mexico, serving approximately 15% of the adult population [3] Company Expansion - Nubank plans to enter the U.S. market and has received conditional approval to launch a new national bank [8] - The company is also looking to expand into Asia, with investments aimed at understanding Asian markets [9] Customer and Revenue Dynamics - The increase in profits was attributed to a larger customer base and higher revenue per active customer, while the cost of serving customers remained stable [4] - Nubank's strategy emphasizes a digital-first, customer-centric model as the future of financial services [9] Industry Trends - The shift towards digital financial services in Latin America is structural, with predictions that digital payments will account for two-thirds of eCommerce transaction value by 2030 [11]
F.N.B. Corporation Named a Leading U.S. Financial Services Company for Both Businesses and Consumers With 14 National Coalition Greenwich 2026 Awards and Exclusive Recognition from TIME
Prnewswire· 2026-02-26 14:40
F.N.B. Corporation Named a Leading U.S. Financial Services Company for Both Businesses and Consumers With 14 National Coalition Greenwich 2026 Awards and Exclusive Recognition from TIME [Accessibility Statement] Skip NavigationCompany Has Earned Approximately 130 Awards From Crisil Coalition Greenwich Since 2011PITTSBURGH, Feb. 26, 2026 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) strengthened its standing as a leading financial institution that excels across both commercial and personal banking sectors, ...
Citigroup invests in Japan’s Sakana AI
Yahoo Finance· 2026-02-26 14:36
Investment Overview - Citigroup has made its first investment in Japan by investing in Sakana AI, although the investment size remains undisclosed and is described as "strategic" [1] - The partnership aims to accelerate innovation in global financial services by leveraging Citigroup's market reach and Sakana AI's research and development capabilities [1] Company Profile - Sakana AI is a Tokyo-based AI start-up that specializes in developing foundational models and enterprise-grade AI tools inspired by nature [2] - The company plans to use the new capital to enhance its international expansion and build on existing partnerships with major financial institutions [2] Strategic Partnerships - In 2025, Sakana AI announced collaborations with Mitsubishi UFJ Financial Group (MUFG) and Daiwa Securities Group to create custom AI models for specialized financial sectors [3] - Santander Group from Spain also invested in Sakana AI as part of its Series B fundraising, similar to Citigroup's investment [3] Market Position - Citigroup's global head of Markets Strategic Investments, Siris Singh, noted that Sakana AI has established a strong foundation and product market fit in Japan [4] - Other major US banks are also increasing their focus on AI strategies, indicating a broader trend in the financial sector [4]
Why Preferred Shares Matter, And How to Invest
Yahoo Finance· 2026-02-26 14:36
In today’s era of market volatility and shifting interest rate expectations, preferred shares remain one of the most misunderstood corners of the equity market. Many investors overlook these assets in favor of common stocks or bonds. Many times, such a view is taken not realizing that preferreds can bridge the best attributes of both (steady income and market participation), with far less drama than growth equities. Quick Read Preferred shares from quality issuers yield 5%-7% with senior payment priori ...
Royal Bank of Canada(RY) - 2026 Q1 - Earnings Call Transcript
2026-02-26 14:32
Royal Bank of Canada (NYSE:RY) Q1 2026 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsAsim Imran - VP of Investor RelationsDave McKay - President and CEODerek Neldner - Group Head of RBC Capital MarketsErica Nielsen - Group Head of RBC Personal BankingGraeme Hepworth - Chief Risk OfficerKatherine Gibson - CFOSean Amato-Gauci - Group Head of RBC Commercial BankingSohrab Movahedi - Managing Director and Equity ResearchConference Call ParticipantsEbrahim Poonawala - Equity Research AnalystGabr ...
Royal Bank of Canada(RY) - 2026 Q1 - Earnings Call Transcript
2026-02-26 14:32
Royal Bank of Canada (NYSE:RY) Q1 2026 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsAsim Imran - VP of Investor RelationsDave McKay - President and CEODerek Neldner - Group Head of RBC Capital MarketsErica Nielsen - Group Head, Personal BankingGraeme Hepworth - Chief Risk OfficerKatherine Gibson - CFOSean Amato-Gauci - Group Head, Commercial BankingSohrab Movahedi - Managing Director and Equity ResearchConference Call ParticipantsEbrahim Poonawala - Equity Research AnalystGabriel Dechaine ...
继续降!部分银行代理贵金属业务杠杆已降至1倍
Di Yi Cai Jing· 2026-02-26 14:31
黄金、白银价格高位波动持续,银行继续出手控风险。 第一财经注意到,春节假期后,农业银行、工商银行、建设银行等多家银行再度上调代理上金所贵金属 业务的保证金比例,部分银行已将杠杆倍数调降至1。 此外,基于监管要求和业务合规需要,不少银行在加强风控的同时,推动存量业务的加速清理,包括对 长期不动户进行持续清理、收缩办理渠道等。个别银行直接宣布停办相关业务,将在一定期限后对有持 仓或有库存账户实施强制平仓或库存卖出。 银行频频出手压杠杆 农业银行在2月25日发布公告称,近期国际贵金属市场价格波动加剧,个人客户交易类贵金属业务市场 风险上升。为切实保护投资者利益,该行定于自26日收盘清算时起,Au(T+D)、mAu(T+D)、Ag (T+D)合约的保证金比例从80%调整为100%。 目前,中行代理上金所贵金属业务的相关合约保证金比例要求尚未达到100%。该行在24日发布公告, 自当日收盘清算时起,该行白银延期合约的客户保证金比例由77.49%调整为77.52%,黄金延期合约客 户保证金比例维持55.44%不变。 有的宣布限期强制平仓或卖出 自去年以来,随着贵金属价格频频创造历史,银行对相关业务的风险提示和调整动作也更 ...
Mastercard In Crosshairs: Citrini Models AI Agents Bypassing Interchange As Stablecoins Threaten Card Economics
Yahoo Finance· 2026-02-26 14:31
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady retu ...
Dominion Bank(TD) - 2026 Q1 - Earnings Call Presentation
2026-02-26 14:30
Quarterly Results Presentation TD Bank Group – Q1 2026 – February 26, 2026 Forward-looking statements are typically identified by words such as "will", "would", "should", "believe", "expect", "anticipate", "intend", "estimate", "forecast", "outlook", "plan", "goal", "target", "possible", "potential", "predict", "project", "may", and "could" and similar expressions or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements. By their very nature, ...
Jamie Dimon Says AI Is Actively Transforming JPMorgan Chase’s Workforce
Crowdfund Insider· 2026-02-26 14:24
JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has delivered a clear message: artificial intelligence is not a distant promise but a present force actively reshaping one of the world’s largest banks. In recent remarks, Dimon revealed that the institution has launched “huge redeployment plans” for employees whose roles are being displaced by automation.Rather than broad layoffs, the bank is shifting staff into new positions, maintaining overall headcount steady at approximately 318,500 while trimming operations r ...