Urupong/iStock via Getty Images Elevator Pitch I rate Wolters Kluwer N.V. (OTCPK:WOLTF) (OTCPK:WTKWY) [WKL:NA] stock as a Hold. My prior February 29, 2024 article touched on the company’s fiscal 2024 guidance relating to bottom line growth and capital allocation. This update looks at the potential for WOLTF to deliver an earnings beat in FY 2024…
Chiyacat Earnings of Tompkins Financial Corporation (NYSE:TMP) will likely benefit from the falling interest-rate environment and strong regional labor markets. I’m expecting the company to report earnings of $4.41 per share for this year. Compared to my last report on the company, I have reduced my earnings estimate for the year because earnings missed my…
Intercorp Financial Services Inc. (NYSE:IFS) Q1 2024 Earnings Conference Call May 14, 2024 10:00 AM ET Company Participants Anna DeAssis – InspIR GroupLuis Felipe Castellanos – CEOMichela Casassa – CFOGonzalo Basadre – CEO, InterseguroCarlos Tori – CEO, Interbank Conference Call Participants Alonso Aramburu – BTG Alonso Operator Good morning, and welcome to the Intercorp Financial…
In the Netherlands, open source developers are now liable for how their software is used. Alexey Pertsev, a 31-year old Russian national living in the Netherlands and one of the developers of the Ethereum-based privacy tool Tornado Cash, was today found guilty of money laundering by the Dutch court: he’s been sentenced to 64 months…
Oportun Financial Corporation (NASDAQ:OPRT) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Dorian Hare – Senior Vice President, Investor RelationsRaul Vazquez – Chief Executive OfficerJonathan Coblentz – Chief Financial Officer and Chief Administrative Officer Conference Call Participants David Scharf – Citizens JMPMatthew Hurwit – Jefferies Operator Welcome to Oportun’s Financial…
JamesBrey/E+ via Getty Images Shares of American Financial Group (NYSE:AFG) have been a moderate performer over the past year, rising 16% and paying out $4 in special dividends on top of its regular 2.2% dividend. After some underwriting missteps last year, it has pushed premiums up and improved results. With strong capital generation and exposure…
The Executive Office of US President Joe Biden has announced its stance on proposed legislation, H.J. Res. 109, that would allow highly regulated financial firms to act as custodians for Bitcoin and other cryptocurrencies. JUST IN: 🇺🇸 US President Joe Biden Administration says Biden would veto legislation that would allow highly regulated financial firms to custody #Bitcoin…
It is often said that Bitcoin allows anyone to be their own bank. If you know anything about Bitcoin’s ethos and underlying tech, you’ve likely heard of this concept before. But do you know exactly how that works and why Bitcoin is more suitable as a store of value than your bank? To get the…
The Good Brigade/DigitalVision via Getty Images In the spring of 2022 I believed that Enovis (NYSE:ENOV), the medtech leftover of Colfax had some to prove. After the business spun off the welding business ESAB (ESAB), Enovis remained the surviving entity. This medical business largely comprised the DJO Global purchase, which Colfax pursued in 2018 in…
matdesign24 MidCap Financial Investment Corporation (NASDAQ:MFIC) is a business development company that invests in senior secured debt loans to middle market companies. The company also carries a high dividend yield of 10% and offers an 8% coupon baby bond (MFICL) that is currently trading over par. After covering the income opportunity of MidCap Financial back…
Donnelley Financial Solutions, Inc. (NYSE:DFIN) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Mike Zhao – Head, Investor RelationsDan Leib – Chief Executive Officer, Board MemberDave Gardella – Chief Financial OfficerEric Johnson – President of Global Investment CompaniesCraig Clay – President of Global Capital Markets Conference Call Participants Charles Strauzer…
peeterv Earnings of Hanmi Financial Corporation (NASDAQ: NASDAQ:HAFC) will likely decline this year on the back of margin contraction. Pressure on asset yields was already visible during the first quarter. I’m expecting the company to report earnings of $2.18 per share for 2024, down 16.8% year-over-year. Compared to my last report on the company, I’ve…
Shinhan Financial Group Co., Ltd. (NYSE:SHG) Q1 2024 Earnings Conference Call April 26, 2024 1:00 AM ET Company Participants Sang-Hyuk Jung – Chief Executive Officer Conference Call Participants Park Hye-jin – Daishin SecuritiesJung Jun-Sup – NH SecuritiesSeol Yong Jin – SK SecuritiesDoosan Baek – Korea Investment SecuritiesSinyoung Park – Goldman SachsShim Jongmin – CLS Securities…
Pathward Financial, Inc. (NASDAQ:CASH) Q2 2024 Earnings Conference Call April 24, 2024 5:00 PM ET Corporate Participants Darby Schoenfeld – Senior Vice President, Investor RelationsBrett Pharr – Chief Executive OfficerGreg Sigrist – Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi – Piper SandlerTim Switzer – KBWDavid Feaster – Raymond James Operator…
Flushing Financial Corporation (NASDAQ:FFIC) Q1 2024 Earnings Conference Call April 24, 2024 9:30 AM ET Company Participants John Buran – President and CEOSusan Cullen – SEVP, CFO and Treasurer Conference Call Participants Mark Fitzgibbon – Piper Sandler & Co.Steve Moss – Raymond JamesManuel Navas – DA DavidsonChris O’Connell – KBW Operator Good day, and welcome…
Thanakorn Lappattaranan B. Riley Files Annual Report with No Major Adjustments: B. Riley Financial (NASDAQ:RILY) filed its annual report 10-K this morning (April 24). The summary of the changes of the fully audited numbers vs. the company’s Q4 earnings report are in the table and the bullet points below. Snapshot of Changes in RILY 10-K…
Hanmi Financial Corporation (NASDAQ:HAFC) Q1 2024 Earnings Conference Call April 23, 2024 5:00 PM ET Company Participants Ben Brodkowitz – Investor Relations, Financial Profiles, Inc.Bonita Lee – President and Chief Executive OfficerAnthony Kim – Senior Executive Vice President and Chief Banking OfficerRomolo Santarosa – Senior Executive Vice President and Chief Financial Officer Conference Call Participants…
Image Source/DigitalVision via Getty Images From my experience, it’s always better to lock in a solid gain than to continue clinging on to an investment with the hopes of just a little more profit. This is a hard habit to break and one that I still fall prey to every so often. But one firm…
Regions Financial Corporation (NYSE:RF) Q1 2024 Earnings Conference Call April 19, 2024 10:00 AM ET Company Participants Dana Nolan – EVP & Head, IRJohn Turner – President, CEO & DirectorDavid Turner – Senior EVP & CFO Conference Call Participants Ebrahim Poonawala – Bank of America Merrill LynchRobert Siefers – Piper Sandler & Co.Betsy Graseck –…
Hispanolistic After reporting better-than-expected Q1 2024 results, Ally Financial Inc. (NYSE:ALLY) is already up more than 20% since I last covered the stock in January of this year Seeking Alpha About a year ago, I showed why comparisons between ALLY and other poorly governed financial institutions were not appropriate and indicated that the company could…
JHVEPhoto/iStock Editorial via Getty Images Shares of Ally Financial (NYSE:ALLY) jumped 7% on Thursday after reporting strong quarter. This rally added to substantial gains of 43% over the past year for ALLY as credit losses have not been as bad as some feared. Shares have also rallied 44% since I rated them a buy last…
stecks05/iStock via Getty Images In between cheering on the women in the NCAA® Final Four® tournament in Cleveland, which Invesco QQQ proudly sponsors, I had the privilege of participating in a financial literacy panel for female student athletes. It was an honor to share a stage with women’s professional basketball great Candace Parker and Fidelity…
From an obscure footnote known to only the more tech-savvy in a much more insular internet, Bitcoin has transformed into an important player in today’s financial landscape. However, while we’re all keenly aware of BTC’s impact on financial markets (a more or less permanent fixture of the news cycle), we often forget to take a…
JamesBrey Article Thesis Prudential Financial, Inc. (NYSE:PRU) is an insurance company that has delivered compelling total returns in the recent past. But while the dividend yield is not as high as it was at times in the past, Prudential Financial is still far from an expensive stock. Past Coverage I have covered Prudential Financial several…
PM Images Medallion Financial (NASDAQ:MFIN) is a niche bank that has successfully pivoted away from lending to taxicab drivers. Today, the bank manages deposits and lends them out for recreational and home improvement loans. Recently, I came across the bank’s 8% fix to floating preferred share (NASDAQ:MBNKP). After reviewing the financials, I believe the fixed…
Joe Ravi The following segment was excerpted from this fund letter. Fairfax Financial Holdings (OTCPK:FRFHF, TSX:FFH:CA) Bangalore International Airport Limited (BIAL) – Monopolistic but Regulated High Margin Volume Growth, a New Expanding Airport, Bangalore If you sat down to conceive of the perfect investment, how might it look? One interpretation would be that it has…
Carlos Duarte/iStock via Getty Images Intercorp Financial Services (NYSE:IFS) is a leading provider of financial services in Peru. IFS is a holding company that manages its operations through subsidiaries (Fig 1) with four segments: banking (Interbank), insurance (Interseguro), wealth management (Inteligo Bank), and payments (Izipay). Intercorp Peru controls IFS with a 71.22% equity stake. IFS…
tadamichi What is driving this stock market melt-up that is not underpinned by extraordinarily strong fiscal flows and runs in the face of the usual seasonal patterns? The table below shows the US sectoral balances up to the last month. The information is prepared from the US national accounts. US Treasury and Author calculations In…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As Hong Kong’s Bitcoin ETF is fast approaching, new applications have come in from an unexpected…
LeoPatrizi PNM Resources, Inc. (NYSE:PNM) is an energy holding company whose two regulated utilities collectively provide electricity to over 800,000 homes and businesses in New Mexico and Texas. PNM Resources has two regulated utility segments, PNM, a vertically integrated electric utility in New Mexico with distribution, transmission and generation assets, and TNMP, an electric transmission…
sommart Axos Financial, Inc. (NYSE:AX), founded in 1999 and headquartered in Las Vegas, Nevada, is a diversified financial services company that provides consumer and commercial banking products nationwide. From the fast growth of the business to the promising outlook and strong solvency/liquidity profile, there is a lot to like here. But the current price is…
stock_colors Introduction And Thesis Reynolds Consumer Products Inc. (NASDAQ:REYN) is a leading consumer goods company known for its innovative and sustainable solutions. The company is recognized for its iconic brands like Reynolds Wrap and Hefty, offering a wide range of products including food storage, aluminum foil, and disposable tableware. REYN has a leading commercial position…
baona Thesis I rate Clear Secure (NYSE:YOU) as a ‘Buy’ due to its strong growth, prudent financial management, and modest valuation. Company Overview Clear Secure is a New York City-based developer of an identity verification platform. Clear aims to make identity verification a frictionless service. The company currently has two main product offerings: CLEAR Plus…
Evgenyi_Eg/iStock via Getty Images Inotiv, Inc. (NASDAQ:NOTV) shares have sold off by more than 30% following a recent court ruling denying the company’s effort to dismiss a class-action lawsuit. The issue goes back to the company’s acquisition of “Envigo RMS” and “Orient Bio Resource Center,” which was later alleged by regulators to have violated the…
BeritK/iStock via Getty Images In a short space of time, with a much smaller budget, Rumble Inc. (NASDAQ:RUM) claims to have built a mini Google’ in its most recent Q4 2023 Earnings call. It has expanded its portfolio focused on censorship-free content to include video, live-streaming, an advertising centre and since Q1 2024 it is…
adamkaz/iStock via Getty Images Ambac Financial Group (NYSE:AMBC) is an interesting case of a turnaround insurance company. Known as the American Municipal Bond Assurance Corporation decades ago, the 2008 Financial Crisis forced the company into a tight spot, as it has provided guarantee insurance on numerous bonds that went into default. For more than a…
Art Wager Truist Financial Corporation (NYSE:TFC), founded in 1872 and headquartered in Charlotte, North Carolina, is a financial holding company that primarily offers banking services in the Southeast and Mid-Atlantic regions of the U.S. Though the company has a very large business with a significant market share in many states, is well-capitalized, and has shown…
TkKurikawa Elevator Pitch I award a Buy rating to Woori Financial Group (NYSE:WF) [316140:KS]. My prior January 2, 2024 write-up touched on WF’s international expansion and inorganic growth plans. Korea Deposit Insurance Corporation or KDIC, a Korean government agency, is no longer a shareholder of Woori Financial now. My view is that WF’s shares have…
tupungato As one of Korea’s big banks, Woori Financial Group Inc. (NYSE:WF) looks poised to benefit from some very powerful tailwinds ahead. The key to Korea’s trade-dependent economy has always been export growth and on this front, recent data points to a very positive rate of change; this, in turn, bodes well for near-term credit…
Andrii Dodonov Shares of Jackson National (NYSE:JXN) have been a tremendous performer over the past year, rising 70%. Elevated rates and rising equities continue to support results, and its capital position is now stellar. Since reiterating Jackson as a “strong buy” in December, shares have rallied a further 24%, bringing their return to nearly 60%…
This article originally appeared in the Sound Advisory blog. Sound Advisory provide financial advisory services and are specialize in educating and guiding clients to thrive financially in a bitcoin-powered world. Click here to learn more. “Belief is a wise wager. Granted that faith cannot be proved, what harm will come to you if you gamble…
anilakkus MFA Financial, Inc. (NYSE:MFA) is an mREIT that invests in loans and mortgages by utilizing leverage to earn income. The company has been challenged by the restrictive rate policy of the Federal Reserve. Last year, I wrote about MFA’s convertible note that was offering a high-yield return. Since then, the company has issued a…
da-kuk To Our Shareholders: We had, by far, the best year in our history. Fairfax (OTCPK:FRFHF) has transformed itself to become one of the largest property and casualty companies in the world with $32 billion1 in gross written premium, including the acquisition of Gulf Insurance. We posted a record underwriting profit of $1.5 billion and…
jetcityimage In January, Aeva (NYSE:AEVA) announced a win with Torc and Daimler Truck for its newest sensor, Atlas, and the development of autonomous technology. The win has a two-pronged approach, as per the news release: “Aeva will supply its latest Aeva Atlas™ automotive grade 4D LiDAR technology to Daimler Truck and collaborate with Torc Robotics,…
SlavkoSereda/iStock via Getty Images This article talks about how money moved around in different parts of the US in February 2024 and how it could impact the markets in March 2024. This is important because when the amount of money going into the economy changes, it takes about a month before it affects the stock…
Velocity Financial, Inc. (NYSE:VEL) Q4 2023 Results Conference Call March 7, 2024 5:00 PM ET Company Participants Chris Oltmann – Treasurer Chris Farrar – President and CEO Mark Szczepaniak – Chief Financial Officer Conference Call Participants Sarah Barcomb – BTIG Don Fandetti – Wells Fargo Stephen Laws – Raymond James Steve Delaney – Citizens JMP…
JazzIRT Medical Properties Trust (NYSE:MPW) is managing its poor liquidity position by performing asset sales, a profile that is not sustainable, and a serious liquidity crunch can happen in the coming quarters. As I’ve analyzed in previous articles, I have been bearish on MPW over the past year, due to its fundamental issues that led…
damircudic With a market capitalization as of this writing of nearly $6 billion, Wintrust Financial Corporation (NASDAQ:WTFC) is one of the larger banks that I like to write about. In the middle of June of last year, I wrote a bullish article wherein I discussed the tumble that the stock had seen following the start…
shapecharge Early each year, I like to check in on how annuity sales trended for the previous year. Survey says: Another record. According to LIMRA, 2023 marked the second consecutive year of record sales for annuities. The increase was +23% compared to 2022 as retirement numbers continue to show more older workers exiting the labor…
JHVEPhoto/iStock Editorial via Getty Images Introduction Barclays PLC (NYSE:BCS) shares have enjoyed a very strong run post the release of the bank’s Q4 2023 result on 20 February 2024. The quarterly release was published alongside an Investor Update, in which management set out the group’s new strategy and financial targets. On 01 March 2024, Barclays…