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Sunday, March 29, 2020

Sallie Mae reports higher earnings

Sallie Mae reported higher earnings in the third quarter. Net income for the third quarter was $128 million, compared to $104 million during the same period a year earlier. Sallie Mae shares remained unchanged in Wednesday...

Navient shares rise after upbeat earnings report

Wilmington-based Navient reported higher earnings in the third quarter. Share prices rose more than 6 percent on Tuesday after earnings exceeded forecasts. Generally Accepted Accounting Principles' net income was $145 million compared to $114 million during the same...

Sallie Mae rolls out cash back credit cards

Sallie Mae rolled out three new credit cards that offer cash back on purchases, with one card also offering the option of using the cash back  option to pay down student loans.  The cards: Sallie Mae Ignite...

The Apple Card’s stealth banker

Good afternoon everyone, Apple’s online  advertisements say its new credit card was “Created by Apple, Not a Bank.” That’s true, sort of. The technology giant bypassed conventional credit card issuers, including Wilmington-based Chase Card Services, Barclaycard and...

Fintech company SoFi gets naming rights for NFL stadium in Los Angeles area

Online lender SoFi will have  its name on the new Inglewood, CA  stadium that will become the home for the Los Angeles  Rams and Chargers. So Fi will be the exclusive naming rights partner for...

Four Chase bank branches to open by the end of the year

JPMorgan Chase is behind on its plans for four more northern Delaware branches by the end of the year. JPMorgan Chase, the state's largest for-profit employer plans to open 10 to 12 Delaware branches in...

The Bancorp reports surge in earnings

The Bancorp, Inc., north Wilmington, reported higher earnings for the second quarter. Net income increased to $11.4 million for the quarter ended June 30, 2019, compared to $6.1 million for the quarter ended June 30,...

Del. Valley sees nation’s fastest employment  growth based on job openings

Pay gains remain tiny, GlassDoor report indicates The Philadelphia metro area showed the strongest growth among large metropolitan areas, based on the number of job openings, although pay gains remain modest. The report came from GlassDoor...

WSFS stock drops on news of higher loan loss provisions

WSFS Financial Corp. raised loan loss provisions from two customers apparently inherited in the merger with  Philadephia based Beneficial. Shares of WSFS fell about 3.7 percent in Wednesday trading on an up day for stock...

Report: Fintech a powerful force in Delaware economy

A report on financial technology (Fintech) in Delaware takes note of a growing sector of the economy that is attracting new players and legacy banks. The report, researched and authored by the Delaware Prosperity Partnership,...