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Returns to profitability as re-underwriting stabilizes reserves and boosts investment income.
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Record net income and $3.6B network volume growth led by Auto and Personal Loans.
Revenue surged 29% as gas turbine demand accelerated 45% and commercial aerospace grew 32%.
Revenue hit $584.5 million with 14.9% growth as international markets surged 22.4%.
Kevin Gordon, Schwab head of Macro Research & Investing, said that the public's negative perception of the economy that is driven by fears about AI and the labor market are an 'interesting divergence'…
Congressman Steve Cohen (D-TN), a member of the House Judiciary Committee, joined “Forbes Newsroom” to discuss the report.
OCBC’s Sim Moh Siong and Christopher Wong note that the Philippine Peso (PHP) has recovered modestly as authorities, including President Marcos and Bangko Sentral ng Pilipinas (BSP) officials, step up…
