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Investor releaseQuarter not tagged2026-07-15The PNC Financial Services Group Q2 Earnings Call Highlights
MarketBeat
The PNC Financial Services Group Q2 Earnings Call Highlights
Interested in The PNC Financial Services Group, Inc? Here are five stocks we like better. PNC posted a strong second quarter with net income of $2.1 billion and adjusted diluted EPS of $4.85, driven by broad-based business momentum, stronger fee income, and continued commercial loan growth. Revenue growth was led by net interest income and fees, as total revenue rose 12% quarter over quarter to $6.9 billion. Fee income jumped 10% on record M&A advisory activity and gains across capital markets, asset management, card, and mortgage businesses. Credit quality and capital returns remained solid, with nonperforming loans, delinquencies, and charge-offs improving. PNC also raised its quarterly dividend 18% and returned $1.3 billion to shareholders through dividends and buybacks. Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and Mastercard The PNC Financial Services Group (NYSE:PNC) reported what Chairman and CEO Bill Demchak called an “impressive” second quarter, with management pointing to broad-based business momentum, stronger fee income, continued commercial loan growth and stable credit quality. PNC generated second-quarter net income of $2.1 billion, or $4.81 per diluted share. Demchak said results included FirstBank integration costs and other significant items that collectively reduced earnings per share by $0.04, resulting in adjusted diluted EPS of $4.85. → 3 Space Stocks That Could Outshine SpaceX After Its IPO Big Bank Earnings Gave Financials a Lift, But Wall Street Is Still Cautious “Business momentum remains really strong,” Demchak said. “We continue to win new clients and deepen existing relationships.” He cited healthy growth in demand deposit accounts, increased client acquisition across corporate and private banking, and higher net interest income supported by commercial loan growth and favorable deposit mix and pricing. Chief Financial Officer Rob Reilly said total revenue was $6.9 billion in the second quarter, up $710 million, or 12%, from the first quarter. Net interest income was $4.1 billion, up $146 million, helped by commercial loan growth and higher non-interest-bearing deposit balances. Net interest margin rose one basis point to 2.96%. → The SK Hynix IPO and 2027’s AI Memory Squeeze PNC Prepping for Its Best Year—Is Anyone Noticing? Fee income was a standout in the quarter, increasing $200 million, or 10%, to $2.3 bil...
Investor releaseQuarter not tagged2026-07-15The 1 Simple Reason to Buy American Express Before July 24 Earnings
24/7 Wall St.
The 1 Simple Reason to Buy American Express Before July 24 Earnings
AXP fell 8% year-to-date despite 18% EPS growth in Q1, and analysts back a $390 price target with 14 buy ratings versus just 1 sell. Unlike Visa's pure transaction model, AXP's closed-loop network pushes over 70% of new accounts into fee-paying products, compounding income beyond swipe volume. Amex hiked its dividend 16% and returned $2.3 billion to shareholders in Q1, while 21 recent insider transactions reflect a net buying direction. This lithium producer surpassed a $1B private valuation, joining some of America's most powerful startups. Now you can invest in EnergyX alongside global giants like General Motors, but only through July 16. (sponsor) Retirement-focused investors have a compelling setup in American Express (NYSE:AXP) before the July 24 earnings report, and the case is straightforward. A premium-customer franchise growing double digits, an aggressive capital return program, and a stock still trading below its December highs make this a rare setup where the fundamentals, the model, and the calendar all point the same direction. AXP traded around at $359.94 on July 14 against management's reaffirmed FY2026 EPS guidance of $17.30 to $17.90. That is roughly 20x forward earnings for a business that just posted 18% EPS growth and 10% FX-adjusted revenue growth in Q1. The 24/7 Wall St. model targets $390.12 with 90% confidence, and the Street's consensus sits at $372.22 across 14 Buy ratings versus just one Sell rating. Shares are down 3.43% year-to-date, offering a cheaper entry on a stronger business. Amex hiked its dividend 16% to 95 cents per share quarterly starting Q1 2026. In that single quarter the company returned $2.3 billion to shareholders, split between $0.7 billion in dividends and $1.7 billion in buybacks. Diluted share count fell to 686 million from 702 million, and Q1 ROE hit 35%. Insiders are voting with cash: 21 recent insider transactions with a net buying direction. July 16 is the Final Day to Tap Into the Lithium Boom (sponsor)General Motors, POSCO, and 50,000+ everyday investors have already backed lithium producer EnergyX. Here's why you should do the same before their July 16 investment deadline: lithium prices are up 75% this year, with demand projected to grow a staggering 5X by 2040. With tech that can recover up to 3X more lithium than traditional methods, EnergyX is preparing to unlock up to 15M+ tons. Become a private-s...
Investor releaseQuarter not tagged2026-07-14Citigroup Q2 Earnings Call Highlights
MarketBeat
Citigroup Q2 Earnings Call Highlights
Interested in Citigroup Inc.? Here are five stocks we like better. Citigroup posted a strong Q2 2026 with net income of $5.8 billion, EPS of $3.15, and revenue of $24.8 billion, its best quarterly revenue in a decade. Management said growth was broad-based across major businesses and that ROTCE reached 13%. Services, Markets, and Banking led performance, with Services revenue up 18%, Markets revenue up 17%, and Banking revenue up 34%. Wealth also extended its growth streak, while U.S. Consumer Cards saw higher costs as Citi stepped up investments and added the American Airlines card portfolio. Citi continued returning capital and keeping a solid balance sheet, ending with a 12.8% CET1 ratio and buying back $4 billion of stock. The bank launched a $30 billion repurchase program and plans to raise its dividend by 12%, while still targeting full-year 2026 ROTCE of 10% to 11%. MarketBeat Week in Review – 07/06 - 07/10 Citigroup (NYSE:C) reported a stronger second quarter of 2026, with management pointing to broad-based revenue growth, improved returns and continued capital returns, while cautioning that second-half results could be affected by normal seasonality and a deliberate increase in investment spending. Chair and Chief Executive Officer Jane Fraser said the quarter “capped a very good first half of the year,” as Citi reported net income of $5.8 billion, earnings per share of $3.15 and return on tangible common equity, or ROTCE, of 13%. Revenue reached $24.8 billion, which Fraser described as Citi’s best quarterly revenue in a decade. She said the firm delivered more than 9% positive operating leverage, with double-digit revenue growth for the company and in four of its five main businesses. → The SK Hynix IPO and 2027’s AI Memory Squeeze Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and Mastercard Chief Financial Officer Gonzalo Luchetti said total revenues rose 14% year over year, while expenses increased 5% to $14.2 billion. Citi’s efficiency ratio was below 58% for the quarter. On a year-to-date basis, Luchetti said revenues were up 14%, expenses were up 6% and ROTCE was 13.1%. Fraser said Citi’s Services business delivered its highest quarterly revenue ever and generated a return of more than 30%. Luchetti said Services revenue rose 18%, supported by growth in both Treasury and Trade Solutions and Securities Services. Average deposits...
Investor releaseQuarter not tagged2026-07-14Bank of America Q2 Earnings Call Highlights
MarketBeat
Bank of America Q2 Earnings Call Highlights
Interested in Bank of America Corporation? Here are five stocks we like better. Bank of America posted a strong Q2, with revenue up 15% to $31.6 billion and net income up 27% to $9.1 billion. Earnings per share rose 34% to $1.21, driven by growth across every major business segment. Revenue gains were led by net interest income, investment banking, wealth management fees and trading, while deposits and loans continued to expand. Average deposits rose for a 12th straight quarter and average loans increased 8% year over year. Management lifted its full-year outlook, now expecting 300 to 400 basis points of operating leverage and NII growth at the upper end of its 6% to 8% range. Credit quality remained stable, with provisions and charge-offs holding roughly steady and consumer card trends improving. Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and Mastercard Bank of America (NYSE:BAC) reported broad-based second-quarter growth, with management pointing to stronger net interest income, fee revenue, client activity and operating leverage across each of its business segments. CEO Brian Moynihan said the bank generated revenue of $31.6 billion, up 15% from a year earlier, while net income rose 27% to $9.1 billion. Earnings per share increased 34% to $1.21. Moynihan said the company delivered 6.6% operating leverage in the quarter, improved its efficiency ratio to 59% and generated a 17% return on tangible common equity. → The SK Hynix IPO and 2027’s AI Memory Squeeze BitMine’s Ethereum Bet Is Only Part of the Story “Every business segment contributed to our year-over-year growth,” Moynihan said, adding that each segment increased revenue and net income, generated operating leverage and improved its efficiency ratio. Moynihan said revenue growth was led by net interest income, investment banking, wealth management fees and sales and trading revenue. Net interest income on a fully taxable-equivalent basis was about $16.2 billion, up 9% from the prior-year quarter. He attributed the increase to core lending and deposit-gathering strength, lending in Global Markets, repricing of lower-yielding assets and repayment of higher-cost funding. → This Dividend ETF Choice Could Shape Your Income Strategy Through 2026 Chime Finally Turns Profitable—But Risks Remain Non-interest income grew 22%, helped by activity in wealth management, investment banking and ma...
Investor releaseQuarter not tagged2026-07-14JPM Q2 Earnings Beat on Trading & IB, Higher Cost Outlook Drags Stock
Zacks
JPM Q2 Earnings Beat on Trading & IB, Higher Cost Outlook Drags Stock
JPMorgan’s JPM second-quarter 2026 adjusted earnings of $6.14 per share beat the Zacks Consensus Estimate of $5.59 by 9.8%. The bottom line was up 17.2% from $5.24 reported a year ago.Despite the robust quarterly performance, JPM shares fell more than 2% in premarket trading. The decline likely reflected investor concerns over management’s higher non-interest expense outlook for 2026.Reported net revenues of $57.35 billion rose 27.7% year over year and topped the consensus mark of $49.14 billion. Strong Markets and investment banking (IB) activity powered core growth, while net interest income (NII) got support from decent loan demand.The quarter included a $4.55 billion pretax gain related to Visa shares, which added $1.27 to earnings per share. JPM also recorded $1.03 billion of gains on certain equity investments, adding 29 cents per share. Including these significant items, net income jumped 41% year over year to $21.16 billion. Markets revenues advanced 35% to $12.08 billion on elevated client activity, strong trading performance and continued financing demand in Equities. Fixed Income Markets revenues rose 6% to $6.05 billion, while Equity Markets revenue surged 86% to $6.03 billion.IB revenues increased 45% to $3.90 billion. IB fees rose 30% to $3.28 billion on higher fees across products, led by equity underwriting. Payments revenues grew 12% to $5.30 billion, while Securities Services revenues gained 17% to $1.66 billion. Reported NII increased 9.9% to $25.51 billion. NII excluding Markets was $23.68 billion, up 4%, supported by higher deposit balances, greater revolving Card Services balances and wholesale loan growth. Lower rates partly offset those benefits.Average loans expanded 10% to $1.52 trillion, while average deposits grew 7% to $2.69 trillion. The net yield on interest-earning assets was 2.40%, down from 2.43% a year earlier, showing rate pressure despite balance sheet growth. Non-interest expenses rose 15% year over year to $27.32 billion. Higher compensation, brokerage and distribution fees, marketing, technology and occupancy costs drove the increase. Still, the reported overhead ratio improved to 48% from 53% in the prior-year quarter.The provision for credit losses was $2.52 billion, down 12%. Net charge-offs (NCOs) were $2.4 billion, down $44 million, and the company recorded a $149 million net reserve build, primarily in Wholesale....
Investor releaseQuarter not tagged2026-07-14‘Close to as good as it gets’: Jamie Dimon just offered another warning on bubbly markets as Wall Street had a monster quarter
Fortune
‘Close to as good as it gets’: Jamie Dimon just offered another warning on bubbly markets as Wall Street had a monster quarter
Jamie Dimon has seen decades of market cycles, and on Tuesday’s JPMorgan earnings call seemed to warn Wall Street about the bank’s historic run—while celebrating another blowout quarter. “It’s getting close to as good as it gets,” Dimon told Wall Street analysts after announcing results for the second quarter of 2026. “We just don’t know how long it’s going to last.” It was Dimon’s second warning of the day. Ahead of the call, in remarks tied to the bank’s earnings results, he said risk is “shifting below the surface like tectonic plates”, citing geopolitical wars, sticky inflation and global fiscal deficits, in particular. But the results underpinning those warnings were the best JPMorgan has ever posted, including second-quarter net income of $21.2 billion, or $7.70 a share, lifted by a $4.6 billion gain on its Visa stake. Core profit, stripping out one-time items, was still $16.9 billion, or $6.14 a share, well above Wall Street’s $5.80 estimate. Rival Goldman Sachs beat even bigger, netting $6.63 billion and diluted earnings per share of $20.98—up 92% year over year—exceeding the $14.54 analysts expected. Its revenue of $20.34 billion jumped 39% higher than a year ago as well. Both banks played a role in SpaceX’s historic IPO, but Goldman CEO David Solomon told CNBC that SpaceX was “immaterial” to the bank’s earnings showing. The banks’ earnings landed on a market already on edge. Oil surged again Tuesday—Brent climbed to above $87 a barrel—after President Trump said the U.S. was “reinstating” a blockade on Iranian shipping through the Strait of Hormuz, escalating a conflict that has run for more than a week and included U.S. strikes on Iranian targets. However, inflation slowed to 3.5%, beating expectations and offering some relief to consumers ahead of a momentous Federal Reserve decision in late July. This wasn’t the first time the banking titan reacted uneasily to things going well. In late May, Dimon told a gathering of the leaders of the world’s largest companies and top-tier financial analysts that markets were “gung ho”, but that it reminded him of the same excitement before financial crashes like the 2008 recession. “There’s a lot of exuberance out there,” Dimon said. “But it was in 1972, 1986, 2000, 2007. That doesn’t give me comfort.” Needless to say, historic crashes followed each of those exuberant periods. That same market activity of buoya...
Investor releaseQuarter not tagged2026-07-145 Big Banks Earned $49 Billion in One Quarter by Owning What Crypto Wants to Replace
BeInCrypto
5 Big Banks Earned $49 Billion in One Quarter by Owning What Crypto Wants to Replace
Big bank earnings smashed records on July 14 as the five major US lenders earned a combined $49 billion in profit, led by JPMorgan Chase's $21.2 billion and the best quarter in Goldman Sachs' history. The wins came from trading and dealmaking rather than ordinary lending. That detail matters because it rewards the firms that own financial infrastructure, or the rails that money travels on. JPMorgan reported profit of $21.2 billion, or $7.70 per share, up 41% from a year earlier. Its stock trading revenue surged 86% to $6.03 billion, lifting total trading revenue to a record $12.1 billion. Investment banking fees at the bank rose 30% to $3.3 billion, the strongest showing since 2021. These are the fees banks collect for helping companies raise money and complete mergers. Meanwhile, a long-held Visa stake added a $4.6 billion gain to the quarter. Goldman Sachs earned $20.98 per diluted share on $20.34 billion in net revenues, according to its filing. Net profit reached $6.63 billion, and both revenue and per-share earnings set firm records alongside a 23.5% return on equity. Underwriting boomed too. Goldman's fees from helping companies sell new shares surged 130%, while fees from arranging new debt rose 75%. Total investment banking fees jumped 55% to $3.40 billion. Follow us on X to get the latest news as it happens The rest of the group beat as well. Bank of America grew profit 27% to $9.1 billion, per its release. Wells Fargo earned $6.4 billion, its report showed, and Citigroup posted $5.8 billion, up from $4.0 billion a year earlier, per its results. The strength answered the question BeInCrypto raised in its big bank earnings preview a day earlier. Investors wanted proof the economy could hold up, and the banks supplied it. Think of financial rails as the toll roads of money. Trading platforms, underwriting desks, payment networks, and custody services all charge a small fee every time value moves. This quarter, those toll collectors captured nearly all the upside. Ordinary lending, where banks profit from the gap between loan interest and deposit costs, held steady but added little growth. The difference matters because toll revenue rises with activity, while lending profit depends on interest rates. JPMorgan's $4.6 billion Visa gain makes the point in miniature. Visa began in 1958 as a Bank of America card program and became a standalone network throu...
Investor releaseQuarter not tagged2026-07-13What You Need To Know Ahead of Visa’s Earnings Release
Barchart
What You Need To Know Ahead of Visa’s Earnings Release
Visa Inc. (V) is a global digital payments network headquartered in San Francisco, California. With a market capitalization of approximately $626 billion, Visa facilitates secure electronic payments, money transfers, and payment services while providing fraud prevention, data analytics, and innovative payment technologies to support global commerce and financial inclusion. V is set to report its Q3 earnings on Tuesday, July 28, 2026, after the market closes. Ahead of the release, analysts expect the company to report diluted EPS of $3.22, up 8.1% from $2.98 in the year-ago quarter. V has exceeded Wall Street's EPS estimates in each of the last four quarters, which is impressive. Taiwan Just Waved a Red Flag for Nvidia Stock Dear Google Stock Fans, Mark Your Calendars for July 13 Taiwan Semi Stock Is Approaching Fair Value Ahead of July 16. How to Play TSM Here. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2026, analysts expect the company to report EPS of $13.10, reflecting a 14.2% increase from $11.47 in fiscal 2025. V's EPS is projected to increase another 13.2% year over year to $14.83 in fiscal 2027. V stock has declined 1.9% over the past 52 weeks, significantly underperforming both the S&P 500 Index ($SPX), which returned 20.6%, and the State Street Financial Select Sector SPDR ETF (XLF), which gained 5.7% over the same period. On June 25, Visa launched Visa Destinations, a mobile-first travel platform available exclusively to Visa cardholders, marking its expansion beyond digital payments into travel discovery and experiences. The platform offers curated city guides, recommendations, and travel experiences tailored to users' interests, allowing Visa to capitalize on the growing experience-driven travel market while creating new opportunities for issuer and merchant partners. Investors welcomed the initiative, sending Visa shares up 1.7% in the following trading session. Analysts remain bullish on V, with the stock carrying a consensus "Strong Buy" rating. Among the 39 analysts covering the stock, 31 recommend a "Strong Buy," four rate it a "Moderate Buy," and four suggest a "Hold." The average analyst price target of $401.87 implies a potential upside of 15.2% from the current share price. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) posi...
Investor releaseQuarter not tagged2026-07-07Visa to Announce Fiscal Third Quarter 2026 Financial Results on July 28, 2026
Business Wire
Visa to Announce Fiscal Third Quarter 2026 Financial Results on July 28, 2026
SAN FRANCISCO, July 07, 2026--(BUSINESS WIRE)--Visa (NYSE: V) will report its fiscal third quarter 2026 financial results on Tuesday, July 28, 2026. After market close, Visa will furnish the results with the Securities and Exchange Commission and post them, along with accompanying financial information, on the Visa Investor Relations website. Visa will issue a news wire alert when the earnings materials are publicly available, including a link to those documents. Visa’s executive management team will then host a live audio webcast beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss financial results and business highlights. All interested parties are invited to listen to the live webcast at investor.visa.com. A replay of the webcast will be available on the Visa Investor Relations website for 30 days. Visa is currently in its customary "quiet period" during which time company executives will not be interacting with the investment community. This quiet period will be in place until fiscal third quarter 2026 earnings are publicly available on July 28, 2026. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260707581432/en/ Contacts Investor Relations: Jennifer Como, 650-432-7644, [email protected] Media Relations: Fletcher Cook, 650-432-2990, [email protected]
Investor releaseQuarter not tagged2026-07-06Why Visa (V) is Poised to Beat Earnings Estimates Again
Zacks
Why Visa (V) is Poised to Beat Earnings Estimates Again
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Visa (V), which belongs to the Zacks Financial Transaction Services industry, could be a great candidate to consider. This global payments processor has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 4.04%. For the most recent quarter, Visa was expected to post earnings of $3.09 per share, but it reported $3.31 per share instead, representing a surprise of 7.12%. For the previous quarter, the consensus estimate was $3.14 per share, while it actually produced $3.17 per share, a surprise of 0.96%. For Visa, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Visa currently has an Earnings ESP of +0.29%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the...
Investor releaseQuarter not tagged2026-07-03Weekly Wrap: Crypto Recovers To Start Third Quarter
CryptoProwl
Weekly Wrap: Crypto Recovers To Start Third Quarter
Cryptocurrencies are tentatively recovering to begin the year’s third quarter. On July 3, Bitcoin (CRYPTO: $BTC) was trading at $62,128 U.S., having gained 1% in the last 24 hours. Bitcoin's price is back above the key support level of $60,000 U.S. that analysts say is needed for a sustained rally to begin. A week ago, Bitcoin was trading at a 21-month low of $58,000 U.S. Other cryptocurrencies are also staging a rebound, with Ethereum's price up 3% over the past 24 hours to $1,740 U.S. Heading into the July 4th holiday weekend in America, crypto prices were gaining ground as investors rotate capital out of high-flying microchip and semiconductor stocks such as Micron Technology (NASDAQ: $MU) and SanDisk (NASDAQ: $SNDK). Adding to the bullish sentiment around crypto is news that exchange-traded funds (ETFs) that track the spot price of Bitcoin have seen an influx of capital following a 10-day losing streak. Bitcoin ETFs attracted $221.7 million U.S. of capital on July 2, their biggest inflow in two months. The inflows ended a difficult 10-day outflow streak that saw investors pull a total of $2.73 billion U.S. from the funds. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket Here’s what else happened with cryptocurrencies over the past week… Strategy Announces $2 Billion Stock Buyback Program: Strategy (NASDAQ: $MSTR) has announced a new $2 billion U.S. stock buyback program as it looks to attract investors and boost its share price. Strategy’s board has also approved a “Bitcoin Monetization Program” that will allow the company to sell Bitcoin when management deems it advantageous. Proceeds from Bitcoin sales can be used to build or replenish the company's cash reserves, fund preferred stock dividends, make interest payments, and finance stock buybacks. American Bitcoin Conducts Reverse Stock Split: American Bitcoin (NASDAQ: $ABTC) has conducted a reverse stock split to avoid being delisted from the Nasdaq (NASDAQ: $NDAQ) exchange. American Bitcoin is the Bitcoin mining company that’s majority-owned by Hut 8 (NASDAQ: $HUT). The company’s shares are currently tradin...
Investor releaseQuarter not tagged2026-06-16Alliant Credit Union Launches Jumbo High-Rate Checking Account with Up to 2.00% APY and No Earnings Cap
PR Newswire
Alliant Credit Union Launches Jumbo High-Rate Checking Account with Up to 2.00% APY and No Earnings Cap
CHICAGO, June 16, 2026 /PRNewswire/ -- Alliant Credit Union has launched its Jumbo High-Rate Checking Account, a high-yield checking account that offers the opportunity to earn up to 2.00% APY (Annual Percentage Yield), no monthly fees, and no cap on interest earned. This interest-bearing checking account operates on a three-tier structure that rewards members who increase their direct deposit activity and maintain qualifying balances. Every account also automatically pairs with an Alliant High-Rate Savings Account, with interest rates 15 times the national bank average. Key features of Alliant's Jumbo High-Rate Checking Account include: Up to 2.00% APY No monthly service fees or overdraft fees No cap on interest earned Access to 80,000 fee-free ATMs and unlimited ATM rebates at the highest tier Early Payday (get paid up to two days early) No liability on fraudulent Visa® transactions Seamless integration with Apple Pay, Google Pay, Samsung Pay, Venmo, PayPal, and Cash App "Our Jumbo High-Rate Checking Account is another example of how Alliant is innovating and creating differentiation in financial services," said Mike Dobbins, CEO of Alliant Credit Union. "We continue to bring our members top-of-the-line products that deliver real, measurable value like materially higher interest rates on checking and savings accounts, fewer fees, and tools that make their financial lives better." This new checking account builds on Alliant's standing as a top-rated digital credit union. Alliant has been recognized by Forbes Advisor as Best Credit Union for Digital Banking and by CNBC as Best Mobile Banking for 2026. All deposit accounts are federally insured up to $250,000 by the NCUA. Alliant members can apply for a Jumbo High-Rate Checking Account and start earning more on everyday spending. Anyone can apply to join Alliant Credit Union and open an account. About Alliant Credit Union: Alliant Credit Union is a national digital financial institution with over 900,000 members and $20 billion in assets, focused on innovation and disrupting the traditional banking model. Alliant maintains some of the industry's best cost structures while delivering members the best products, rates, and value. Consistently recognized as one of the best financial institutions, Alliant was named one of CNBC's Top Credit Unions and Forbes Best Credit Union for Digital Banking. Headquartered in C...

