Banking supervision, market enforcement, payments and fintech.
American Express closed an August offering of 1.6 million depositary shares representing Series E preferred stock and plans to redeem its Series D shares, as second-quarter net income rose to $3.110 billion.
Revenue reached $215.938 billion as Nvidia's data center business expanded, but gross margin fell to 71.1% from 75.0% as cost of revenue rose.
The pharmaceutical distributor lifted its full-year earnings forecast from $9.65–$9.85 to $10.70–$10.80 as revenues grew 14% and specialty care revenues grew 16% annually, while returning $1.4 billion to shareholders.
The Federal Deposit Insurance Corporation removed deposit protections from financial institutions across multiple states and issued enforcement orders against individuals and institutions in the second quarter of 2026.
