Affirm's (AFRM) Q3 results gain from increased transactions in the general merchandise category, partly offset by a significant level of provision for credit losses. It expects GMV to be within $6.75-$6.95 billion for fiscal Q4 2024.
Commerce Bancshares (CBSH) announces a strategic balance sheet repositioning, which will drive its NII higher. This follows the acceptance of a share exchange deal with Visa.
An exchange of shares in Visa provides JPMorgan an unrealized gain of $8 billion, giving the nation's largest bank a shot to once again out-earn rivals during the second quarter.