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Capital One's first-quarter profit jumps on interest income boost

Net interest income (NII) - the difference between what it makes on loans and pays out on deposits - rose 4% to $7.49 billion in the quarter, the McLean, Virginia-based company said on Thursday. Credit card business makes up nearly half of the loan portfolio of Capital One, which is the third-largest issuer of Visa and Mastercard credit cards in the United States by balances. Capital One, which is acquiring Discover Financial for $35.3 billion in an all-stock deal, said provision for credit lo...
United States Sriraj Kalluvila Arasu Kannagi Basil Capital One Deposit Insurance Corp One Financial
Source: yahoo.com

Weatherly Asset Management L. P. Purchases 339 Shares of Mastercard Incorporated (NYSE:MA)

Weatherly Asset Management L. P. boosted its position in Mastercard Incorporated (NYSE:MA – Free Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,441 shares of the credit services provider’s stock after purchasing an additional 339 shares during […]
United States Michael Miebach Exchange Commission Royal Bank Mastercard Incorporated Thomasj Herzfeld Advisors Inc

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Weatherly Asset Management L. P. Acquires 339 Shares of Mastercard Incorporated (NYSE:MA)

Weatherly Asset Management L. P. increased its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,441 shares of the credit services provider’s stock after purchasing an additional […]
United States Craig Vosburg Fortune Financial Advisors Everett Harris Co Foundation Mastercard Goldman Sachs Group
Source: wkrb13.com

SBI Card launches 3 credit card variants in travel category with SBI Card Miles

SBI Card MILES users can convert travel credits to air miles and hotel points with card partners. Users get accelerated rewards on every travel booking, and airport lounge access, among other benefits. The annual charges for the card start from Rs 1,499 and go up to Rs 4,999, before tax.
Abhijit Chakravorty Thai Airways Air India Qantas Airways Etihad Airways Air Canada

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