The Latest Breaking News from Financial Services

Deere & Company (NYSE:DE) reported second-quarter FY22 net sales and revenue growth of 11% year-over-year to $13.37 billion, beating the consensus of $13.2 billion. EPS increased to $6.81 from $5.68 in 2Q21, beating the consensus of $6.71. Sales by segments: Production & Precision Agriculture $5.12 billion (+13% Y/Y), Small Agriculture & Turf…

Upstart Holdings (UPST) reported impressive first-quarter results. But the company slashed its full-year growth forecast and is expected to suffer from the current macroeconomic uncertainty. So, let’s find out if it is wise to buy its shares now on their dip in price. Read on.

Amanda Blanc said she has picked up her "fair share of misogynistic scars" in her 30-plus years in financial services and that gender equality is a "long way off"

Michigan Republican Bill Huizenga became frustrated at a House Financial Services hearing when remote attendees left their mics turned on.

As efforts to regulate the rapidly-growing cryptocurrency market increase, some observers are raising concern about the rising number of U.S. lawmakers beginning to dabble in digital assets.

PACCAR Inc (NASDAQ:PCAR) reported first-quarter FY22 sales growth of 10.6% year-on-year, to $6.47 billion, beating the consensus of $5.91 billion. Net sales and revenues from Truck, Parts, and Other improved 12.8% to $6.1 billion, and the corresponding gross margins were 13.4%. Revenues from Financial Services fell 15% to $366.2 million. Revenue from U.S.…

Accenture PLC (NYSE:ACN) reported second-quarter FY22 revenue growth of 24% year-on-year to $15.05 billion, beating the consensus of $13.44 billion.  New bookings increased 22% Y/Y to $19.6 billion. Consulting revenues rose 29% Y/Y to $8.32 billion, and Outsourcing revenues increased 19% Y/Y to $6.72 billion. Geographic Market Revenue: North American market revenue grew 26%…

CNH Industrial NV (NYSE:CNHI) reported fourth-quarter revenue growth of 6.8% year-over-year to $9.07 billion, +9% on a constant currency basis. Net sales of Industrial Activities was $8.55 billion, an increase of 6% Y/Y and +9% on a constant currency basis. Segment Revenue: Agriculture $4.15 billion (+21.2% Y/Y), Construction $844 million (+12.2% Y/Y), Commercial and…

Sony Group Corp (NYSE:SONY) reported third-quarter FY21 sales growth of 13% year-on-year to ¥3.03 trillion. Significant increases in Pictures, I&SS, Financial Services, and Music segments drove the increase. Spider-Man: No Way Home and sales of image sensors used in Apple Inc’s (NASDAQ:AAPL) iPhones played a vital role in the growth trajectory, Bloomberg reports. Sony sold 3.9…

IHS Markit Ltd (NYSE:INFO) reported fourth-quarter revenue growth of 6% year-over-year to $1.18 billion and 10% on an organic basis, beating the consensus of $1.14 billion. Sales by segments: Financial Services $473 million (+3% Y/Y); Transportation $351 million (+12% Y/Y); Resources $215 million (+2 Y/Y); and Consolidated Markets & Solutions $137 million (+9%…