Capital One

Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share

Retrieved on: 
Wednesday, April 17, 2024
Banking, Professional Services, Finance, Payment, DFS, Central Time, Investment, Digital banking, Risk management, Digital, Club, Discover Financial, Delinquent, Capital One, Interest, Bank

The comparative prior quarter ended March 31, 2023 has been restated as disclosed in the Company's Financial Data Supplement on Form 8-K for the second quarter 2023

Key Points: 
  • The comparative prior quarter ended March 31, 2023 has been restated as disclosed in the Company's Financial Data Supplement on Form 8-K for the second quarter 2023
    Discover Financial Services (NYSE: DFS) today reported net income of $308 million or $1.10 per diluted share for the first quarter of 2024, as compared to a net income of $968 million or $3.55 per diluted share for the first quarter of 2023.
  • Net interest income for the quarter increased $355 million, or 11%, driven by higher average receivables partially offset by net interest margin compression.
  • Payment Services pretax income of $82 million was up $35 million year-over-year primarily driven by increased PULSE revenue and first quarter 2023 net losses on equity investments.
  • The company will host a conference call to discuss its fourth quarter results on Thursday, April 18, 2024, at 7:00 a.m. Central Time.

Former Ulta Beauty, Capital One Executive Named Follett Higher Education's New Chief Information Officer

Retrieved on: 
Wednesday, April 24, 2024
CBRE, Software, Mani, Bachelor of Engineering, Cooking, Information technology, Faculty, Capital One, CIO, Student, Ulta Beauty, Engineering, Management

WESTCHESTER, Ill., April 24, 2024 /PRNewswire/ -- Respected technology and infrastructure expert Mani Suri has been named the new Chief Information Officer for Follett Higher Education Group, North America's largest campus retailer. Suri assumed the role on April 22, and will serve as the senior leader responsible for the coordination of information technology functions that support Follett Higher Education and the 1,000+ campus stores it operates.

Key Points: 
  • WESTCHESTER, Ill., April 24, 2024 /PRNewswire/ -- Respected technology and infrastructure expert Mani Suri has been named the new Chief Information Officer for Follett Higher Education Group , North America's largest campus retailer.
  • Prior to joining Follett, Suri served as Chief Information Officer at Ulta Beauty, where he played an integral role in modernizing in-store and digital experiences for customers.
  • Previously, Suri was Chief Information Officer for 7 Eleven and modernized the company's global retail platform.
  • "We are thrilled to welcome Mani Suri as Follett's Chief Information Officer.

PMB and Providence St. Joseph Hospital in Orange Open New 'Helen Caloggero Women's and Family Center'

Retrieved on: 
Wednesday, April 24, 2024
Health, Pregnancy, Woman, Environment, Partner (business rank), Patient, Access, Project team, RN, PMB, Obstetrics, Capital One, Women's health, Mental, Gynaecology

ORANGE, Calif., April 24, 2024 /PRNewswire/ -- PMB, a leading healthcare real estate developer, and Providence St. Joseph Hospital celebrated the grand opening of the 'Helen Caloggero Women's and Family Center,' a four-story, 137,000-square-foot facility that will provide improved access to vital women's health services, benefits and resources for Orange County residents.

Key Points: 
  • The space also features La Amistad, a federally qualified health clinic, with OB-GYN and pediatric services for underserved members of the community.
  • In addition, the Providence St. Joseph Hospital Urgent Care is scheduled to open in early 2025.
  • PMB is also proud that the Helen Caloggero Women's & Family Center was named the Best New Medical Office Building and Outpatient Facility in the over 100,000 square feet category.
  • "At PMB, we are fortunate to partner with Providence St. Joseph Hospital to develop its new women's and family center, which has reshaped the hospital campus and will provide comprehensive, personalized care for women and children of all ages."

Major League Baseball Has a New Water Partner in 2024 as BlueTriton Brands Is Named the New Official Water of MLB

Retrieved on: 
Tuesday, April 16, 2024
Mastercard, BlueTriton Brands, Sport, Ice, Partnership, Water, Pure, Major League Baseball, MLB, Capital One

STAMFORD, Conn., April 16, 2024 /PRNewswire/ -- The new baseball season is here, and Major League Baseball has a new big league partner. Today, BlueTriton Brands announced they are the Official Water of MLB for at least the next three years and will be activating at MLB Jewel Events, including the All-Star Game presented by Mastercard and the World Series presented by Capital One.

Key Points: 
  • From the first pitch to the final out, BlueTriton Brands, the company of popular water brands like Poland Spring®, Arrowhead®, Deer Park® and Pure Life® is partnering with Major League Baseball in its first major sports league partnership
    STAMFORD, Conn., April 16, 2024 /PRNewswire/ -- The new baseball season is here, and Major League Baseball has a new big league partner.
  • Today, BlueTriton Brands announced they are the Official Water of MLB for at least the next three years and will be activating at MLB Jewel Events, including the All-Star Game presented by Mastercard and the World Series presented by Capital One.
  • BlueTriton Brands, a leading provider of water products in the country, plans to utilize its new status as a sponsor of MLB to create special offerings and activations for fans.
  • "Since the earliest days of professional baseball, three of our brands— Poland Spring® (est.

Codoxo Welcomes Toby Shum as New Vice President of Finance

Retrieved on: 
Wednesday, April 10, 2024
Financial management, Fintech, Government, Capital One, Growth, McGill University, Health care

DULUTH, Ga., April 10, 2024 /PRNewswire-PRWeb/ -- Codoxo, an innovative healthcare AI-based payment integrity platform for healthcare payers, government agencies and pharmacy benefits managers, is pleased to welcome Toby Shum as Vice President of Finance. Mr. Shum brings over 25 years of financial management and corporate development expertise to the Codoxo leadership team, with experience across healthcare, fintech, consumer lending and banking.

Key Points: 
  • DULUTH, Ga., April 10, 2024 /PRNewswire-PRWeb/ -- Codoxo, an innovative healthcare AI-based payment integrity platform for healthcare payers, government agencies and pharmacy benefits managers, is pleased to welcome Toby Shum as Vice President of Finance.
  • Mr. Shum brings over 25 years of financial management and corporate development expertise to the Codoxo leadership team, with experience across healthcare, fintech, consumer lending and banking.
  • Toby joins Codoxo from Aledade, a leader in value-based care and the largest independent primary care network, where he was Senior Vice President of Finance.
  • "I'm thrilled to join the innovative team at Codoxo and to help accelerate the company's growth," said Toby Shum.

Peapack Private Announces New York City Expansion

Retrieved on: 
Monday, April 8, 2024
Citigroup, Private, Growth, Corrado, Capital One, Business, JPMorgan Chase, Bryant University, Flagstar Bank, Capital, Treasurer, Commercial, Senior, Commercial bank, Marketing, Private banking, Professional services, Committee on Finance, PGC, Hofstra University, Signature Bank

Andrew, fresh off his long tenure from Signature Bank and its successor Flagstar Bank, is now the President of the Commercial Bank in New York for Peapack Private.

Key Points: 
  • Andrew, fresh off his long tenure from Signature Bank and its successor Flagstar Bank, is now the President of the Commercial Bank in New York for Peapack Private.
  • “We are continuing to move aggressively into New York City due to the market disruption that occurred last spring,” said Doug Kennedy, President and Chief Executive Officer of Peapack-Gladstone Bank.
  • “We were attracted to the single-point-of-contact model that Peapack Private offers, along with the added value of its wealth management solutions,” commented Corrado.
  • Peapack Private fully expects to continue offering its private banking service model to the Tri-State area and to grow in the coming years.

Peapack Private Hires Joanne Gagliardi, Senior Managing Director

Retrieved on: 
Tuesday, April 2, 2024
Chase Bank, Capital One, Business development, Senior, PGC, Bank

BEDMINSTER, NJ, April 02, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Joanne Gagliardi has joined its commercial banking team as a Senior Managing Director.

Key Points: 
  • BEDMINSTER, NJ, April 02, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Joanne Gagliardi has joined its commercial banking team as a Senior Managing Director.
  • With the Bank’s expanded footprint in New York City, Joanne joins a team of high-skilled commercial bankers, helping to grow Peapack Private and its commercial and industrial business into the New York market.
  • She is responsible for providing customized banking solutions to small and medium-sized enterprises to achieve their long-term financial goals.
  • Joanne brings over 25 years of financial services experience to Peapack Private, most recently serving as Senior Vice President, Senior Relationship Manager at Capital One Bank where she was designated as top banker for eight consecutive years, increasing profitability through the generation of new business while expanding the portfolio of complex clients.

Dawn Kasulke Joins Peapack Private as Senior Managing Director, Team Leader

Retrieved on: 
Tuesday, April 2, 2024
Seattle University, Capital One, Business administration, Santander Bank, University, U.S. Bancorp, Metro New York, Business, Senior, MBA, Bachelor, Customers Bancorp, PGC, Commercial bank, Wells Fargo

BEDMINSTER, NJ, April 02, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Dawn Kasulke has been appointed to lead a team of experienced commercial bankers as a Senior Managing Director, Team Leader, for Peapack Private’s New York City location.

Key Points: 
  • BEDMINSTER, NJ, April 02, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Dawn Kasulke has been appointed to lead a team of experienced commercial bankers as a Senior Managing Director, Team Leader, for Peapack Private’s New York City location.
  • She will oversee building out the Bank’s presence in Manhattan.
  • Dawn has extensive experience leading high-performing commercial bankers whose primary focus is providing customized client solutions that meet individual and complex needs.
  • Prior to that as National Business Banking Sales Director and Business Banking Regional Director at Santander Bank, N.A.

Deep Sentinel Introduces FlashBang – A Groundbreaking Active Deterrent Feature to Combat Rising Crime Rates

Retrieved on: 
Tuesday, April 9, 2024
Hardware, Home Goods, Building Systems, Residential Building & Real Estate, Retail, Commercial Building & Real Estate, Security, Construction & Property, Consumer Electronics, Photography, Technology, Audio, Video, Artificial Intelligence, Software, Internet, Other Construction & Property, Sentinel, Capital One, DS2, Bomb, Research, ADT, Crime, Flash-bang, Power over Ethernet, Smoke, Cryptocurrency

A waitlist is now available on the Deep Sentinel website with the product officially launching in May 2024.

Key Points: 
  • A waitlist is now available on the Deep Sentinel website with the product officially launching in May 2024.
  • With crime rates escalating and criminal tactics becoming increasingly brazen via flash mob robberies and car-ramming burglaries, Deep Sentinel is empowering businesses to finally subdue and impair criminals.
  • “Crime is growing exponentially and more aggressively," said David Selinger, CEO and founder of Deep Sentinel, emphasizing the critical role FlashBang will play in combating criminal threats.
  • For more information about Deep Sentinel and the FlashBang waitlist, visit https://www.deepsentinel.com/flashbang/ .

New Research Finds 90% of Lenders See Alternative Data as Key to Approve More Worthy Borrowers

Retrieved on: 
Tuesday, April 9, 2024
Data Analytics, Fintech, Professional Services, Finance, Karma, Consumer, Cash flow, Employment, GM, Alternative data, Capital One, Risk, Research, Risk assessment

With 75% of lenders expecting that the CFPB’s proposed 1033 “Personal Financial Data Right” rule will eliminate data sharing obstacles for consumers—streamlining the way lenders collect and consider alternative data points in their credit risk assessments—the opportunities for widespread adoption of alternative data within credit underwriting practices are immense.

Key Points: 
  • With 75% of lenders expecting that the CFPB’s proposed 1033 “Personal Financial Data Right” rule will eliminate data sharing obstacles for consumers—streamlining the way lenders collect and consider alternative data points in their credit risk assessments—the opportunities for widespread adoption of alternative data within credit underwriting practices are immense.
  • However, only 43% of lenders currently supplement credit scores with alternative data in their risk assessments.
  • Despite promising results, barriers to alternative data adoption persist, including concerns about regulatory scrutiny, data reliability, and integration complexities.
  • To address this financial knowledge gap, many lenders are turning to alternative data sources to bolster their underwriting models.