AssetMark(AMK)
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Are Finance Stocks Lagging Berkshire Hathaway (BRK.B) This Year?
Zacks Investment Research· 2024-02-27 15:46
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Berkshire Hathaway B (BRK.B) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Berkshire Hathaway B is a member of our Finance group, which includes 857 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the ...
New Strong Buy Stocks for February 27th
Zacks Investment Research· 2024-02-27 12:41
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Unisys Corporation (UIS) : This information technology solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing 25% over the last 60 days.CI Financial Corp. (CIXXF) : This asset management holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.Heartland BancCorp (HLAN) : This bank holding company for Heartland Bank has seen the Za ...
AssetMark(AMK) - 2023 Q4 - Earnings Call Transcript
2024-02-25 07:50
AssetMark Financial Holdings, Inc. (NYSE:AMK) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Taylor Hamilton - Head of Investor Relations Michael Kim - Chief Executive Officer Gary Zyla - Chief Financial Officer Conference Call Participants Dan Fannon - Jefferies Jeff Schmitt - William Blair Patrick O’Shaughnessy - Raymond James Operator Good afternoon, everyone and welcome to AssetMark’s Fourth Quarter 2023 Earnings Conference Call. Currently, all participants are in a l ...
AssetMark Financial (AMK) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-02-22 01:31
For the quarter ended December 2023, AssetMark Financial (AMK) reported revenue of $158.18 million, down 3.6% over the same period last year. EPS came in at $0.59, compared to $0.46 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $188.88 million, representing a surprise of -16.25%. The company delivered an EPS surprise of +3.51%, with the consensus EPS estimate being $0.57.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...
AssetMark Financial (AMK) Q4 Earnings Top Estimates
Zacks Investment Research· 2024-02-21 23:41
AssetMark Financial (AMK) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.51%. A quarter ago, it was expected that this financial services company would post earnings of $0.59 per share when it actually produced earnings of $0.62, delivering a surprise of 5.08%.Over the last four qu ...
AssetMark Reports $108.9B Platform Assets for Fourth Quarter 2023
Newsfilter· 2024-02-21 21:15
CONCORD, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE:AMK) today announced financial results for the quarter ended December 31, 2023. Fourth Quarter 2023 Financial and Operational Highlights Net income for the quarter was $34.6 million, or $0.47 per share.Adjusted net income for the quarter was $44.0 million, or $0.59 per share, on total revenue of $158.2 million.Adjusted EBITDA for the quarter was $63.8 million, or 40.3% of total revenue.Platform assets increased 19.1% ...
AssetMark(AMK) - 2023 Q4 - Annual Results
2024-02-20 16:00
EXHIBIT 99.1 AssetMark Reports $108.9B Platform Assets for Fourth Quarter 2023 CONCORD, Calif., February 21, 2024, (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended December 31, 2023. Fourth Quarter 2023 Financial and Operational Highlights • Net income for the quarter was $34.6 million, or $0.47 per share. • Adjusted net income for the quarter was $44.0 million, or $0.59 per share, on total revenue of $158.2 million. • Adjusted EBITDA ...
AssetMark Financial (AMK) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Zacks Investment Research· 2024-02-19 15:21
In its upcoming report, AssetMark Financial (AMK) is predicted by Wall Street analysts to post quarterly earnings of $0.57 per share, reflecting an increase of 23.9% compared to the same period last year. Revenues are forecasted to be $188.88 million, representing a year-over-year increase of 15.1%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ...
January AMK Report
Newsfilter· 2024-02-12 21:15
CONCORD, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE:AMK) released its "AssetMark Monthly Knowledge" Report today. Company results for the month of January 2024 include: Platform assets of $109.7 billion at the end of January, up 14.5% year-over-year.Net flows were $432 million in the month of January, up 24.5% year-over-year.AssetMark Trust Company client cash was $2.89 billion, down 13.0% year-over-year.Number of households increased 5.6% year-over-year to 256,078 at ...
AssetMark to Announce Fourth Quarter 2023 Results on February 21, 2024
GlobeNewsWire· 2024-02-08 21:15
CONCORD, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended December 31, 2023, after the U.S. market close on Wednesday, February 21, 2024. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results. AssetMark invites shareholders and other interested parties to listen to its financial results conference call live, either over the Internet or via dial-in. Li ...