Latest news with #TomBell
Yahoo
06-08-2025
- Business
- Yahoo
Will JPMorgan take a bigger bite of Apple?
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Banking giant JPMorgan Chase may have more than just cards in mind if it's bidding to take over tech behemoth Apple's credit card portfolio. The nation's largest bank is likely looking to make inroads in servicing other Apple products, and market in other ways to Apple Card users as it tries to wrest control of the card portfolio from rival Goldman Sachs, according to consultants who follow the credit card industry. "This could be an opportunity for them to have a really compelling digital bank solution that appeals to the users of Apple Pay and the Apple card base [which is] more of a younger millennial target market," said Tom Bell, senior advisor at the consulting firm AlixPartners. David True, a partner at the consulting firm PayGility, agreed. 'All of a sudden, they'll have a much bigger customer base that they can pitch their products to,' he said. JPMorgan is in advanced talks to become Apple's new credit card partner, the Wall Street Journal reported on July 29, citing unnamed people familiar with the negotiations. No deal has been finalized, according to the Journal. Goldman Sachs holds about $20 billion in Apple Card balances, the newspaper reported. Spokespeople for Goldman Sachs, Apple and JPMorgan declined to comment. Apple's annual revenue from its card business amounts to $50 million, according to analysts at Baird. That's equal to a comparatively small portion of New York City-based JPMorgan's annual revenue, which was $177.56 billion for 2024, according to its annual report. But if JPMorgan succeeds in taking over the Cupertino, California-based tech giant's credit card business, it will have access to demographic data on millions of Apple Card users, True suggested. The bank could then use that information to market its banking products to a slew of potential new customers, he said. Apple has data on its customers that a new partner could use to better pitch new products and services, True explained. The tech company said in January 2024 that it had 12 million Apple Card users. "The Apple demographic is pretty well-known," True said. JPMorgan has "myriad products, and now they've got many millions more customers who have Apple iPhone demographics and they can see what else those customers would be interested in." JPMorgan is likely eyeing other parts of Apple's business, such as the digital wallet Apple Pay, said Richard Crone, chief executive of the payments advisory firm Crone Consulting. "Winning the Apple card portfolio would give Chase a back door to Apple Pay's wallet rails," he said. That's a potentially lucrative piece of business considering the hundreds of millions of people who use the digital wallet, Crone said. Apple Pay had an estimated 65.6 million users in the U.S. and 616 million globally in 2024, according to research from bank card issuer Capital One. Recommended Reading Visa, Mastercard have edge over Amex for Apple: analyst Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Courier
14-06-2025
- Entertainment
- The Courier
5 great things about Riverside Park in Glenrothes after £5m revamp
Riverside Park in Glenrothes officially reopened this week after a £5m revamp. The 18-month refurbishment included the installation of a £1m adventure playpark. It features two huge hippos with slides and climbing areas. And it has already proved a huge hit with younger visitors. Families have been flocking there in their droves and the car park is full every weekend. However, there is a lot more to Riverside Park than state-of-the-art play equipment. It includes a pump track capable of hosting international biking competitions, a labyrinth, scenic walks and a new disc golf course, among many other attractions. We went along to see what else it has to offer. Artist Tom Bell spun some magic three years ago to turn the skatepark into an impressive spider's web. It's near the new play area and it well used by skateboarders from Glenrothes and beyond. The Riverside Park bowl was created in memory of Glenrothes teenager Stefan Drummond, who died in 2005. Known as Skate Heaven, it's also used by BMX bikers and scooters. As its name suggests, Riverside Park sits next to a river – the River Leven to be precise. You can walk along a marked trail, which takes you under a suspension bridge and continues for more than four miles. It includes views of Leslie House, once home of Titanic survivor The Countess of Rothes. And a wildlife garden, mosaic and the iconic Glenrothes hippos all feature on the circular route. Some parts are unpaved so can become muddy but don't let that put you off. A maze is a great way to lose yourself on an afternoon out. The Riverside Park maze is found next to Leslie Road, near the white suspension bridge. Turn right out of the main car park and up some steps. Then walk across the path and through a gap in the trees and you'll find it. Glenrothes is famous for its public art, found throughout the town. And Riverside Park has no shortage of sculptures, totem poles and, of course, hippos. A group of yellow UFOs also feature within a smaller playpark area. There's a colourful mosaic along the riverside. And beautiful metallic carved screens sit close to a stone picture frame, which many visitors use as a backdrop to their own photos. Many parts of Riverside Park enjoy views across Glenrothes, and beyond. However, a fairly new addition is a very welcome viewing platform. It offers panoramic views over the wider park and also to the Lomond Hills beyond. The platform can be found on the approach to the park from Fullerton Road, close to the Lidl store. You have to walk up some steps to get to it but there are benches at the top.
Malaysian Reserve
13-06-2025
- Business
- Malaysian Reserve
Leidos Welcomes Nearly 900 Summer Interns from 290 Colleges and Universities
RESTON, Va., June 12, 2025 /PRNewswire/ — Every day, Leidos (NYSE: LDOS) employees tackle customers' most vexing challenges in defense, homeland security, information technology, intelligence, health, energy, and more. This summer in the U.S., nearly 900 summer interns from 290 colleges and universities are gaining valuable experience working across all aspects of the technology company's operations. Leidos has more than tripled its summer intern class size since 2016, reflecting a focus on attracting, developing and retaining top talent to fuel its robust growth. Notably, internships often lead to jobs at Leidos, with 90% of interns receiving positions or returning for another internship. So far this year, more than 450 recent graduates accepted full-time positions at Leidos. 'Our college internship program is one of the most important investments we make in our future,' said Leidos Chief Executive Officer Tom Bell, who today welcomed 2025 interns at a barbeque near the company's Reston, Va, headquarters. 'Working side by side with our wicked-smart existing teams, our interns gain valuable context about the work landscape they're entering and our mission, while bolstering us with their energy and bold new ideas.' The 2025 intern class represents 38 college majors from institutions in 34 states, the U.K., and Australia. More information about internships and early career opportunities with Leidos is available at About Leidos Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 48,000 global employees, Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025. For more information, visit Contact: Media Relations mediarelations@
Yahoo
12-06-2025
- Business
- Yahoo
Leidos Welcomes Nearly 900 Summer Interns from 290 Colleges and Universities
RESTON, Va., June 12, 2025 /PRNewswire/ -- Every day, Leidos (NYSE: LDOS) employees tackle customers' most vexing challenges in defense, homeland security, information technology, intelligence, health, energy, and more. This summer in the U.S., nearly 900 summer interns from 290 colleges and universities are gaining valuable experience working across all aspects of the technology company's operations. Leidos has more than tripled its summer intern class size since 2016, reflecting a focus on attracting, developing and retaining top talent to fuel its robust growth. Notably, internships often lead to jobs at Leidos, with 90% of interns receiving positions or returning for another internship. So far this year, more than 450 recent graduates accepted full-time positions at Leidos. "Our college internship program is one of the most important investments we make in our future," said Leidos Chief Executive Officer Tom Bell, who today welcomed 2025 interns at a barbeque near the company's Reston, Va, headquarters. "Working side by side with our wicked-smart existing teams, our interns gain valuable context about the work landscape they're entering and our mission, while bolstering us with their energy and bold new ideas." The 2025 intern class represents 38 college majors from institutions in 34 states, the U.K., and Australia. More information about internships and early career opportunities with Leidos is available at About Leidos Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 48,000 global employees, Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025. For more information, visit Contact: Media Relations mediarelations@ View original content to download multimedia: SOURCE Leidos Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Why Leidos Holdings Stock Is Up Today
Key Points Leidos beat top- and bottom-line estimates, helping to put fears about government cutbacks to rest. The second quarter looks slower than the first, which could create near-term turbulence, but the long-term bull thesis remains intact. 10 stocks we like better than Leidos › Leidos Holdings (NYSE: LDOS) reported better-than-expected quarterly results this morning, helping ease concerns that efforts by the task forced called the Department of Government Efficiency (DOGE) would eat into earnings. Investors cheered the results, sending Leidos shares up 4% around 2 p.m. ET. Image source: Getty Images. Strong results across the board Leidos is the largest pure-play "Beltway Bandit," a term given to the group of defense contractors focused on providing IT (information technology) and other services to defense and civil government agencies. The company earned $2.97 per share in the reported quarter on $4.25 billion in revenue, topping Wall Street's $2.50 per share on sales of $4.1 billion consensus estimate. The company posted 7% year-over-year revenue gains thanks to strength in all segments, fueled by higher demand for veteran medical exams, international military sales, and space sensors. The higher-than-expected medical business also led to more than a 100-basis-point beat on operating margin. "Our robust first-quarter results build on the momentum from 2024, demonstrating the team's ability to execute in a dynamic environment that demands agility and innovation," Leidos CEO Tom Bell said in a statement. The company also bought back about $500 million in shares in the quarter. Is Leidos a buy? The company's book-to-bill was a disappointment, with new awards coming in about half of the rate of sales in the quarter. But some of that is timing, and backing out to look at the data for the last 12 months shows a healthier 1.3x number. Leidos reiterated its guidance for the year, implying modest year-over-year revenue growth in 2025. The near-term outlook could be choppy, and Leidos could still fall victim to contracts deemed unessential and cut by DOGE, but the long-term outlook is unchanged. For investors looking for a slow and steady grower tied to the U.S. defense budget, Leidos deserves a spot on the radar. Should you invest $1,000 in Leidos right now? Before you buy stock in Leidos, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Leidos wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
