Accenture exceeded Q1 fiscal 2025 expectations, reporting $17.69 billion in sales, exceeding the $17.12 billion consensus. Growth was seen across consulting and managed services, with strong new bookings, including $1.2 billion in generative AI. The company raised its full-year revenue growth outlook.
The global commercial bank market is poised for explosive growth, projected to reach a staggering US$8.92 trillion by 2034, fueled by rising demand for wealth management, digital banking, and commercial & industrial mortgages. North America leads the charge, with significant contributions also expected from Asia.
While banks will be closed on Monday in observance of Veterans Day, stock markets will operate as usual. Learn about financial service accessibility and the historical significance of the holiday.
Chhath Puja, a significant Hindu festival, will impact banking services in several Indian states. Banks in Bihar, Jharkhand, Delhi, and West Bengal will remain closed on November 8, coinciding with the festival’s peak celebrations. This closure, following the previous day’s holiday, extends the disruption of in-person banking services. While physical bank branches will be closed, digital banking and ATMs will remain operational for customers to manage their finances.
SoFi Technologies (SOFI) is attracting attention in the financial services sector with its strong momentum. This article analyzes its performance based on price trends and earnings estimate revisions, highlighting why it might be a promising pick for investors seeking near-term gains. Learn how its Zacks Momentum Style Score of B and Zacks Rank #2 (Buy) position it as a potential market outperformer.
Broadridge Financial Solutions (BR) saw its shares climb after releasing mixed first-quarter results. While revenue fell slightly short of expectations, the company highlighted strong sales growth, a boosted recurring revenue outlook, and reaffirmed its earnings growth guidance. This positive outlook, coupled with a focus on digitization and innovation, has fueled investor optimism.
A new survey by Regula, a global leader in identity verification solutions, reveals the alarming financial impact of deepfake fraud on businesses. The average loss for most organizations reached $450,000, with the Financial Services sector experiencing a greater burden, exceeding $603,000. The study highlights the urgent need for organizations to strengthen their defenses against deepfakes.
SoFi Technologies Inc (SOFI) stock is on the rise following the release of its Q3 earnings report, surpassing Wall Street expectations. Analysts are optimistic about SoFi’s future, citing strong loan sales, platform fees, and a capital-efficient revenue model. This positive outlook has led to several analysts raising their price targets for the stock.
Visa Inc. (V) shares surged on Wednesday after the company reported strong fourth-quarter earnings and announced a partnership with Coinbase Global, Inc. (COIN). The partnership allows Coinbase users in the U.S. and EU to make instant deposits into their accounts using Visa Direct, bridging traditional finance with blockchain and offering enhanced convenience and services.
Remitly Global Earnings Preview: A Look Ahead to October 30th Remitly Global, a prominent player in the international money transfer […]
