Ford might be a better stock than Apple for a number of reasons. First there is the price Apple was trading at $135.72 a share on February 17, 2016, Ford was trading at $12.58 a share on the same day.Read more
The greatest of these threats is the growing trend of retailers handling their own delivery. Both Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) have been experimenting with same day delivery. Walmart has even tested a service that uses Uber and Lyft drivers to make online deliveries from a local store.Read more
Among other things; that indicates Apple’s business model and income might not be sustainable on a long-term basis. Some major changes to the company such as new products might be needed for long term growth. That justifies experiments like Apple Pay and the Apple car project.Read more
Those revenue figures demonstrate that PayPal is capable of sustained organic growth. They also show us that its business is capable of long term growth. What’s more impressive is that revenue growth is occurring without Amazon’s (NASDAQ: AMZN) help.
Most people know that you cannot use PayPal on Amazon, but Dan Schulman has been trying to change that. The PayPal CEO told Bloomberg Technology he is in conversations with Amazon but would not reveal details.Read more
American Express also some very bright prospects for the future. One is the growing use of payment apps such as Apple Pay and Android Pay; which Amex supports. That might grow the value of credit card payments and profits from them.Read more
The growth of CVS Health seems to verify one of my pet theories: the US healthcare system is steadily centralizing and consolidating. Companies like CVS are laying the groundwork for a centralized national single-payer healthcare system whether we want one or not.Read more
Major retailers prefer Chase Pay because the technology it uses to connect with cash registers QR (quick read) scanning maybe more secure than Apple Pay’s NFC (near-field communications). Chase Pay also limits retailers’ liability because the transaction takes place in Chase’s system rather than the retailer’s. Apple Pay directly accesses the store’s systems, which is one reason why companies like Walmart are so leery of it.Read more
These numbers; and the 27.77% profit margin reported on September, show that Discover’s decision to concentrate on providing basic credit card services and good customer service is paying off.
By ignoring flashy gimmicks and avowing entanglements with retailers; such as American Express (NYSE: AXP) messy relationship with Costco, Discover has been able to maintain steady market share. It has also accumulated a lot of street cred and good will along the way.Read more
This is the big dilemma that brick and mortar institutions whether they be giant monster banks or small local operations face. There are generations of people out there that almost never use brick and mortar banks; including Generation Xers (like me) and Millennials.Read more
Another reason why bank revenues are growing is that upper income families are making more money. University of Berkeley Economist Emmanueal Saez reported that the incomes of the richest 1% of US workers increased by 7.7% in 2015, CBS reported.Read more