Dow Jones Top Financial Services Headlines at 4 PM ET: American Express Sales, Profit Rise on Higher Card Member Spending | Booz ...
Complete. Here is the key summaryDow Jones financial headlines highlight mixed corporate results: American Express and Booz Allen Hamilton reported rising profits, while Wise Group shares dropped after a license denial. HSBC agreed to sell its Singapore insurance unit to Allianz for $2.1 billion, and Stripe is in talks to acquire OpenRouter. Meanwhile, Blackstone's profit surged on AI investments, BNP Paribas lifted dividends, and South Korea fast-tracked ETF rules to curb market swings.
American Express Sales, Profit Rise on Higher Card Member Spending
The credit-card company posted higher sales and profit in the second quarter, thanks to higher spending among its credit-card members.
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Booz Allen Says Accelerating Demand, Cost-Cutting Efforts Are Boosting Business
Booz Allen Hamilton said demand is picking up across several parts of its business and that cost-cutting initiatives are bearing fruit, resulting in higher-than-expected profit during the recent quarter.
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Wise Group Shares Drop After U.S. Regulator Denies License on Shortcomings
The company plans to submit a new application for a national trust bank charter under the framework of the Genius Act
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How Coinbase Stock Could Win Even If the Clarity Act Loses
The U.S. Senate could soon create a regulatory framework for crypto. Getting even this far is a victory for the industry.
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South Korea Fast-Tracks New Rule for Leveraged ETFs to Curb Market Swings
The country's Financial Services Commission said it will bring forward the introduction of the cash deposit rule to the end of July from August.
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$890 Billion Tech Wipeout Puts Focus on Runaway AI Spending
Wall Street is reckoning with a new reality: The biggest tech companies are no longer cash-printing machines.
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Financial Services Roundup: Market Talk
Find insight on American Express, Bitcoin, Munich Re and more in the latest Market Talks covering Financial Services.
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Big Banks Are Wading Back Into Commercial Real-Estate Lending
Lenders had shunned the category just a few years ago, with investors and analysts warning of a wave of defaults.
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HSBC to Sell Singapore Insurance Business to Allianz for $2.1 Billion
HSBC has been undergoing a broad revamp, cutting costs and streamlining operations as it accelerates its pivot to Asia, where it generates the bulk of its profits.
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Blackstone's Profit Surges on AI Investments
Stronger inflows into the investment firm's private-equity business offset a slowdown in private credit, where individual investors have pulled back.
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Singapore's GIC Plans to Invest $30 Billion in Hedge Funds Over Next Three Years
The sovereign-wealth fund has tripled its hedge-fund investments over the past decade and aims to build on this track record, it said.
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Stripe in Talks to Buy Buzzy AI-Model Marketplace OpenRouter
The startup based in New York was most recently valued at $1.3 billion, but could fetch around $10 billion in a sale.
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BNP Paribas Lifts Dividend as Revenue, Profit Beat Estimates
The French bank-Europe's largest by assets-said net profit surged by a third on year, ahead of analysts' estimates provided by the company.
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UniCredit Readies to Gain Control of Commerzbank as Italy Deals Take Backseat
UniCredit raised its profit targets for this year and beyond, though net profit for the second quarter was hurt by a one-off hit tied to its offer for Commerzbank.
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Emirates NBD's Profit Holds Steady as U.A.E. Faces Iran War Disruptions
Net profit at Dubai's biggest bank rose 2.2%, as strong lending and customer activity helped it withstand the economic disruption caused by the war.
(END) Dow Jones Newswires
July 24, 2026 16:15 ET (20:15 GMT)
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