#finance

GAAP revenue for the company was $5.20 billion in the third quarter of 2026, a decrease of 1% compared to the third quarter of 2025. GAAP revenue decreased 3% in the Merchant Solutions segment and was flat in the Financial Solutions segment in the third quarter of 2026 compared to the prior year period. GAAP revenue for the company was $15.52 billion in the first nine months of 2026, a decrease of 2% compared to the first nine months of 2025. GAAP revenue decreased 1% in the Merchant Solutions segment and 4% in the Financial Solutions segment in the first nine months of 2026 compared to the prior year period. GAAP loss per share was $(11.17) in the third quarter and $(8.90) in the first nine months of 2026. The company recorded a non-cash goodwill impairment charge of $6.45 billion in the third quarter of 2026.

New data indicates Canadian small businesses are experiencing significant financial pressures due to rising costs and reduced consumer spending. Many businesses report shrinking profit margins and lost sales, impacting their ability to cover operational expenses. A substantial portion of owners state that faster access to sales payouts would greatly benefit their operations. Without sufficient cash flow, nearly a fifth of businesses anticipate cutbacks, including potential layoffs. These challenges highlight a growing need for accessible and timely financial solutions for small enterprises.

Toronto, Ontario

https://uk.finance.yahoo.com/news/adyen-data-reveals-canadian-small-130000310.html

They cut the entire finance AR team. Off-shored the positions.

I can verify VP, Director, Manager, Supervisors, Finance, HR, Headend, Construction, Ulearn, Sales, Comcast Business Development, Fleet/Facilities, Customer Care, TSC, FTC, XOC, Tech Ops (Only Sups/Managers Limited markets) have been effected. Largest layoff we will never know the quantity with the numbers being padded by the employees hired in Chennai India Comcast Center.

The finance organization shared the full list of laid-off employees. Shame on you, Chryssa Halley! Have some respect for personal privacy. If you can’t keep 22 names confidential, how can you run Fannie Mae’s finances? Resign immediately, and take your SVPs and their VPs with you!

Chryssa Halley didn’t speak for the first two minutes. Her video and mic were off. When she was supposed to explain what was going on, she froze. If you don’t have the guts to tell people they are laid off, don’t occupy CFO title.

Please post here, I wish to count how may of you lost $100k

Reports finance, merch, ops

Learned that directors, to VPs have been impacted. A lot of HR and finance people. Heard rumors of a big call for us tomorrow. Take care out there!

50 people in finance including VP, Directors, managers and analysts all laid off.

RVP of finance and business Dev all let go across the country in the regions, along with their directors. HR also gone

Let’s be honest about what happened this year.

Oracle cut 21,000 people in twelve months, 13% of the company, and then came back in September for more. The filing says it’s “the adoption of AI.” That’s the polite version. The real version is that leadership bet the company on data centers it can’t afford, borrowed tens of billions to build them, and decided the cheapest line item to cut was us.

We didn’t find out from our managers. We found out from a 6 a.m. email signed “Oracle Leadership,” a signature with no human name on it, because no actual person wanted to put their name on it. Some people found out when their badge and laptop stopped working before the email even arrived. Years of quota, on-call weekends, and customer escalations, and the exit interview was an Okta error.

Meanwhile, the stock run made the chairman the richest man on the planet. Think about that. The same balance sheet that couldn’t carry your salary had plenty of room for the biggest personal fortune on Earth. Nobody at the top took a haircut. Nobody at the top got a 6 a.m. email.

And spare me the “AI efficiency” line. AI didn’t take your job. A $90 billion capex plan took your job, and AI is the press release. If the tools were really replacing headcount, they wouldn’t need to cut sales, customer success, and Health in the same breath as they promise customers better service.

This is the same company that turned license audits into a revenue strategy and turned Java into a compliance trap. Treating employees like a line item to be optimized away isn’t a new Oracle. It’s the same Oracle, just finally saying the quiet part with a layoff email instead of an audit letter.

To everyone who got cut: you weren’t the problem. You were the funding source.

To everyone still there: look at the capex number, look at the debt, and ask yourself who’s next in the queue when the next round of financing comes due.

Down double digits this year.

https://www.ft.com/content/5495d88b-b457-498a-bedd-64a954b538cd

$35,000 at 4% earns ~$1,400 a year. In a non-interest checking account: nothing. At the national average savings rate (0.38%), $20,000 earns just $76 a year.

Source: FinanceBuzz, Sep 2026.

In the world of M&A, you typically pay 20-30% above the current value of a public company to buy it. In other words, its in our best interest to be bought by SpaceX. Due your fiscal duty and make this sh-t happen. Especially since there's no other hope of raising our stock price.

Verizon Stock Is Up 10% This Year. Is It Still Buy Ahead of Earnings?
As competitive threats loom, here’s what we’ll be looking for.Verizon Communications is set to release its third-quarter 2026 earnings
report on Oct. 26. Here’s Morningstar’s take on what to look for in
Verizon’s earnings and the outlook for its stock.What to Watch for in Verizon Communications’ Q3
Earnings
Continued improvement in postpaid phone customer churn and net
additions. Verizon set a goal of capturing 10%-15% of industrywide
postpaid phone net customer additions in 2026, up from a low-to-mid
single-digit percentage in recent years. The firm aims to achieve most
of this improvement through lower customer defections (churn), and it
has seen some improvement in this metric so far this year. But it still
has a long way to go to get back to industry-leading levels.

Stabilization in average revenue per customer and a continued
decline in phone upgrade rates. Verizon has cut pricing to improve
retention, but it has offset this with less generous phone upgrade
offers. We think this shift was smart, moving pricing more in line with
T-Mobile. If average revenue per customer takes another leg down,
though, our view could change.

Solid cash flow and debt reduction. Verizon has generated strong
cash flow thus far in 2026, and we expect that to continue. The firm
has started repurchasing shares rather than repaying debt, a move we
think was premature given current leverage metrics. We’d like to see
the firm shift its tone to emphasize debt reduction more explicitly,
given the potential for an expensive spectrum auction in 2027.
Verizon shares are undervalued, in our view, but we would prefer T-Mobile
among the major US wireless carriers. Verizon’s yield is nice, but we think
T-Mobile’s lower dividend payout ratio of free cash flow and stronger
balance sheet give it more flexibility amid elevated uncertainty around
SpaceX.The following are excerpts from Morningstar’s company report on Verizon
Communications.With its 4-star rating, we believe Verizon Communications’ stock is
moderately undervalued. We expect Verizon to gradually lose postpaid wireless market share to
smaller rivals T-Mobile and AT&T as the firms’ shares slowly converge.
With a rational competitive environment and stable service pricing, we
expect revenue per postpaid customer to grow modestly but steadily over
the long term.
Over the next five years, we expect average annual wireless service
revenue growth of about 2%, with acceleration to 3% in 2028 after most
customers move to new rate plans. After a bump from the Frontier
acquisition in 2026, we expect consumer fixed-line broadband revenue to
grow 13% annually through 2030 as Fios continues to attract broadband
customers and pricing power remains strong.We assign Verizon a narrow economic moat, stemming from the wireless
industry’s efficient scale characteristics. Verizon, AT&T, and T-Mobile
dominate the US wireless market, claiming around 90% of retail postpaid
phone customers.
The massive consolidation across the industry over the past 15 years and
the inability of several interested parties to enter the market with their
own networks provide evidence of efficient scale. We don’t believe
building a terrestrial wireless network would be a rational financial
decision for the industry’s latest threat, SpaceX, but it has very deep
pockets and could choose to push forward anyway.Verizon transformed its balance sheet when it took on more than $65
billion of incremental debt in 2014 to finance the purchase of Vodafone’s
45% stake in the Verizon Wireless joint venture. Following that transaction,
net debt leverage increased to 2.5 times EBITDA. Net debt stood at $164
billion at the end of the second quarter of 2026, putting net leverage at
about 3.2 times normalized EBITDA.
Management’s leverage targets now exclude debt secured by receivables
and a partial credit for the equity component of its junior subordinated
notes. The firm hopes to maintain unsecured leverage between 2.00 and
2.25 times EBITDA. On this basis, leverage currently stands at 2.5 times,
up from 2.3 times a year ago.
The firm has started to repurchase shares, despite leverage sitting above
the targeted range. Management expects net leverage to return to its
target by 2027, but we would prefer the firm move more quickly to repay
debt given the potential need to invest in additional wireless spectrum or
other assets.We’ve raised our Uncertainty Rating to High from Medium, as SpaceX
continues to threaten to enter the US wireless market. Verizon primarily
faces regulatory and technological uncertainties, as well as the potential
for irrational competition. SpaceX embodies all three, as it has developed
new communications technologies, successfully lobbied regulators, and
amassed the resources to compete aggressively in traditional telecom
markets if it chooses.
Regulators control wireless spectrum licensing, which creates
opportunities to influence the wireless industry. A flood of new spectrum
could drive down prices, further easing entry into the wireless business.
Wireless and broadband services are often considered necessary for
social inclusion in terms of employment and education. If Verizon’s
services are deemed insufficient or overpriced, regulators or politicians
could step in.Wireless technology continues to evolve, enabling more efficient use of
spectrum. Technology could eventually lower barriers to entry for firms
that have long wanted to enter the business, including the large cable
companies. Satellite technology could also improve to threaten both the
wireless and broadband businesses.

Any fellow FAs on this site? What do you all think of the changes to MGA and new LGA? Seems mostly positive to me. Shocked they didn't change the grid.

Eventually Fidelity will acquire Schwab?

It's next week and it's coming.

Heard there were more layoffs in finance yesterday

Hey guys when do we get our first bi-monthly pay in January?

Oracle's significant investment in artificial intelligence infrastructure is raising financial concerns for the company. Reports indicate that AI spending has exceeded initial estimates, prompting questions about growing debt and financing needs. Wall Street is closely monitoring whether profitability and cash generation can keep pace with the aggressive expansion of data centers and cloud services. This financial pressure mirrors trends seen across the tech industry as companies prioritize AI growth. Employees and investors are advised to pay attention to these financial warning signs.

Austin, Texas

https://media.unisba.ac.id/8926a6bf/bf38d23cZZmYPfYkB_w

https://finance.yahoo.com/markets/stocks/articles/paypal-nike-zoom-top-list-135004757.html

Shulman started Oct 4.

Closing price — Oct. 3, 2025 $43.67
Closing price — Oct. 21, 2026 $43.31
Share-price return −0.82%

Hmmm...

So with the next report that they run on November 1st, will these be the weeks that are included?

Week 1: Oct 25 - Oct 31
Week 2: Oct 18 - Oct 24
Week 3: Oct 11 - Oct 17
Week 4: Oct 4 - Oct 10
Week 5: Sep 27 - Oct 3
Week 6: Sep 20 - Sep 26

127,150. Same quarter last year 135,670.

Most that take a view of the markets and their 401k matching empty the T portion routinely. Feel for those that don't look at it and just have a building balance of matched funds in AT&T shares fund as this stock continues to go down.

Stankeys resposbility to Shareholders is failing and his exit is timed like the CFO in an orderly fashion.

https://finance.yahoo.com/energy/articles/oil-refiner-beating-nvidia-analyst-012056671.html

FYI the November 120% federal mid-term Applicable Federal Rate is 6.11% for those of you who are ready to retire before age 55 from this company.

I’m looking for a guide on the average salaries for CL24, CL25, and CL26 levels across business support functions like Finance, IT, and Supply Chain, Procurement !!

bp's stock hits 52 week high on historic debt reduction and beating wall street estimates on earnings despite the heavy net impairment charges expected in Q3

Meg's simple strategy is really working. The stock is finally moving and so are the investors sentiments. Time to go bullish on bp!

AS of current price today 10/13 BNY is down $10.43 per share or 6.9% over past 3 months (7/13 to 10/13). same period of time JPM up $00.69. I don't think the negative trend is sector related.

Says you get paid up to two days early with Dayforce Wallet. Is this even worth it? Will it mess any VSP compensation up I wonder.

I’m interested in someone that understands the fundamentals of our business, not Charlie su-ks.

Why does the bank keep missing targets? How does non interest income fall $1b year over year?

It seems we are incurring higher expenses for CIB but continue to fail to reap commiserate revenue and income benefits.

Does anyone know how USAA is doing financially for the year?

It looks like the senior leadership has made a conscious choice to turn the employee meeting into a brainwashing session instead of sharing anything of substance?

Oracle stock suffers accordingly (hit upper 130s yesterday).

How much more evidence do you need that Larry sc--wed the pooch on his AI deal and Oracle's finances? Open AI is a dog.

Wonder where we are supposed to find it? 🤔