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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It now operates in 18 countries in Latin America.

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Bank of America, Citi, Wells Earnings Point To Uptick In Consumer Card Spend

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But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that in some cases, consumer spending and card activity might be emerging from the most recent depths spurred by the pandemic. At least in terms of third-quarter results that gave insight into card spending and charge-offs.

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Bank Of America Sees Personalized Video As Key To Rewards-Program Loyalty

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It’s been a busy year in digital banking as the pandemic has driven consumers online to manage as much of their day-to-day lives as possible. When Bank of America Rewards Executive John Sellers glanced at his in-house numbers over the last year, the evidence was plain to see. Tapping The Potential Of Video.

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Bank Of America Adjusts Small Business Cash-Back Card Program

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Bank of America is making changes to its cash-back small business credit card, reports in NerdWallet said this week. The biggest change to the bank’s Business Advantage Cash Rewards Mastercard small business credit card is a lower cap on bonus rewards. Qualifiers can see their 3 percent cash-back category elevate to 5.25

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MercadoLibre Shares Break $1K As Online Sales Keep Rising

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Buenos Aires-based eCommerce market MercadoLibre has seen a boost thanks to the pandemic, with shares climbing above $1,000 and sales spiking, Bloomberg reported. According to analysts with Bank of America, even as the market begins to recover and people go out more often, the tendency to buy more online might stick, Bloomberg reported.

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Bank Of America Adds $4B To Reserves Even As COVID Boosts Mobile And Digital Users

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Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter even as the pandemic raged. Bank of America also reported that sales and trading revenue rose 35 percent to $4.4 consumer cards, down from $161.5 consumer cards vs. $93.6

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Bank of America, Citi, Wells Earnings Off Troughs?

PYMNTS

But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that in some cases, consumer spending and card activity might be emerging from the most recent depths spurred by the pandemic. At least in terms of third-quarter results that gave insight into card spending and charge-offs.

America 171