The Latest Breaking News from Financial Services

Lucid Group has announced Lucid Financial Services, a new digital platform developed with Bank of America that offers customers lease and loan purchase options.

Deere & Company (NYSE:DE) reported second-quarter FY22 net sales and revenue growth of 11% year-over-year to $13.37 billion, beating the consensus of $13.2 billion. EPS increased to $6.81 from $5.68 in 2Q21, beating the consensus of $6.71. Sales by segments: Production & Precision Agriculture $5.12 billion (+13% Y/Y), Small Agriculture & Turf…

PACCAR Inc (NASDAQ:PCAR) reported first-quarter FY22 sales growth of 10.6% year-on-year, to $6.47 billion, beating the consensus of $5.91 billion. Net sales and revenues from Truck, Parts, and Other improved 12.8% to $6.1 billion, and the corresponding gross margins were 13.4%. Revenues from Financial Services fell 15% to $366.2 million. Revenue from U.S.…

Accenture PLC (NYSE:ACN) reported second-quarter FY22 revenue growth of 24% year-on-year to $15.05 billion, beating the consensus of $13.44 billion.  New bookings increased 22% Y/Y to $19.6 billion. Consulting revenues rose 29% Y/Y to $8.32 billion, and Outsourcing revenues increased 19% Y/Y to $6.72 billion. Geographic Market Revenue: North American market revenue grew 26%…

CNH Industrial NV (NYSE:CNHI) reported fourth-quarter revenue growth of 6.8% year-over-year to $9.07 billion, +9% on a constant currency basis. Net sales of Industrial Activities was $8.55 billion, an increase of 6% Y/Y and +9% on a constant currency basis. Segment Revenue: Agriculture $4.15 billion (+21.2% Y/Y), Construction $844 million (+12.2% Y/Y), Commercial and…

Sony Group Corp (NYSE:SONY) reported third-quarter FY21 sales growth of 13% year-on-year to ¥3.03 trillion. Significant increases in Pictures, I&SS, Financial Services, and Music segments drove the increase. Spider-Man: No Way Home and sales of image sensors used in Apple Inc’s (NASDAQ:AAPL) iPhones played a vital role in the growth trajectory, Bloomberg reports. Sony sold 3.9…

IHS Markit Ltd (NYSE:INFO) reported fourth-quarter revenue growth of 6% year-over-year to $1.18 billion and 10% on an organic basis, beating the consensus of $1.14 billion. Sales by segments: Financial Services $473 million (+3% Y/Y); Transportation $351 million (+12% Y/Y); Resources $215 million (+2 Y/Y); and Consolidated Markets & Solutions $137 million (+9%…