Core Viewpoint - SoFi Technologies (SOFI) has reported its first-ever billion-dollar quarter, but its stock is experiencing a decline due to concerns over dilution from a recent capital raise of $1.5 billion [1][3]. Financial Performance - SoFi's stock is currently down nearly 30% from its November high, trading around $22.69, which is near its 200-day moving average [1]. - The company achieved a year-over-year earnings growth of 160% in Q4, although its forward price-to-earnings (P/E) ratio exceeds 40x, which may appear stretched [6]. Strategic Initiatives - The recent capital raise is expected to enhance SoFi's tangible book value by $2 per share, positioning the company for long-term growth through product roll-outs and strategic partnerships [4]. - SoFi is leveraging artificial intelligence to improve underwriting efficiency and is expanding its crypto offerings, which contributed to a record addition of 1 million new members in Q4 [5]. Market Sentiment - Despite the current stock weakness, Wall Street analysts believe that the decline in SoFi Technologies' stock is overdone and see significant upside potential [7].

Financial Data and Key Metrics Changes - The company reported record long-term inflows of $118.6 billion, up 40% from the prior quarter and 22% from the prior year quarter [7] - Assets under management (AUM) ended the quarter at $1.68 trillion, reflecting an increase due to long-term net inflows and the acquisition of Apera [8] - Adjusted Operating Income was $437.3 million, influenced by lower performance fees and higher average AUM [19] Business Line Data and Key Metrics Changes - Long-term net inflows were $28 billion, with record AUM and positive net flows across equity, multi-asset, and alternative strategies [8] - Public markets generated positive net flows totaling $30.4 billion, with equity net inflows of $19.8 billion for the quarter [9] - Private markets saw $10.8 billion raised during the quarter, including $9.5 billion in private market assets [10] Market Data and Key Metrics Changes - The institutional pipeline of long, but unfunded mandates remains strong at $20.4 billion, indicating sustained demand for investment capabilities [9] - The ETF platform reached a new high with $58 billion in AUM, generating $7.5 billion in net flows, marking its 17th consecutive positive quarter [15] - Digital assets AUM is $1.8 billion, including approximately $900 million in tokenized funds and approximately $800 million in crypto ETFs [17] Company Strategy and Development Direction - The company is focused on delivering integrated solutions and long-term strategic relationships, aligning with client needs for resilience in portfolios [4][6] - M&A activities are aimed at filling product gaps and enhancing distribution capabilities, with a focus on alternatives and high net worth segments [36][37] - The company is leveraging advancements in technology, including AI and blockchain, to enhance operational efficiency and client offerings [17][88] Management's Comments on Operating Environment and Future Outlook - Management noted significant market turbulence and economic uncertainty, emphasizing the need for resilience in investment portfolios [4] - The company is confident in its diversified business model and global scale to capture long-term trends reshaping the industry [20] - Management highlighted the importance of AI in driving efficiency and potential consolidation in the asset management industry [76][80] Other Important Information - The company has been recognized as one of the best places to work in money management, reflecting its commitment to employee engagement [20] - The firm is actively expanding its private credit platform and has seen strong momentum in fundraising across various asset classes [11][13] Q&A Session Summary Question: Cost Flexibility and Savings - Management indicated that expenses are expected to be in line with 2025, with a focus on achieving $200 million in cost savings [22][23] Question: M&A Activity and Contingent Liabilities - Management confirmed that contingent consideration related to recent transactions is minimal, with no significant liabilities expected [26][27] Question: Long-term Margin Expectations - Management projected operating margins to exceed 30% by fiscal 2027, with ongoing efforts to streamline operations and integrate acquisitions [46][47] Question: AI's Impact on Consolidation - Management discussed how AI could drive consolidation in the asset management industry, emphasizing the need for scale to compete effectively [76][78] Question: Blockchain and Tokenization Strategy - Management highlighted the efficiency of blockchain technology and its potential to reduce operational costs significantly, while also discussing the hurdles to broader adoption [86][88]

Financial Data and Key Metrics Changes - The company reported record long-term inflows of $118.6 billion, up 40% from the prior quarter and 22% from the prior year quarter [5] - Assets under management (AUM) ended the quarter at $1.68 trillion, increasing from the prior quarter due to long-term net inflows and the acquisition of Apera [6][7] - Adjusted Operating Income was $437.3 million, reflecting lower performance fees and the impact of higher average AUM [18] Business Line Data and Key Metrics Changes - Long-term net inflows were $28 billion, with record AUM and positive net flows across equity, multi-asset, and alternative strategies [6] - Public markets generated positive net flows totaling $30.4 billion for the quarter, with equity net inflows of $19.8 billion [8] - Private markets saw $274 billion in alternative AUM, with $10.8 billion raised during the quarter, including $9.5 billion in private market assets [9] Market Data and Key Metrics Changes - The institutional pipeline of long, but unfunded mandates remains strong at $20.4 billion, indicating sustained demand for investment capabilities [8] - The ETF platform reached a new high with $58 billion in AUM, generating $7.5 billion in net flows, marking its 17th consecutive positive quarter [14] - Multi-asset AUM is nearly $200 billion, with net inflows of $4 billion during the quarter, marking the 18th consecutive quarter of positive net flows [12] Company Strategy and Development Direction - The company is focused on deepening client partnerships, broadening investment capabilities, and strengthening its global platform [5] - There is a strategic emphasis on integrated solutions and long-term relationships, reflecting a shift in client expectations [4] - The company aims to grow its fiduciary business and expand its private credit platform, with a focus on geographic and capability enhancements through M&A [10][35] Management's Comments on Operating Environment and Future Outlook - Management noted significant market turbulence and economic uncertainty, leading to a need for resilience in portfolios [3] - The company is well-positioned to capture long-term trends reshaping the industry across public and private markets [19] - Management expressed confidence in achieving a margin of over 30% by fiscal 2027, with ongoing investments in growth and innovation [44][46] Other Important Information - The company has been recognized as one of the best places to work in money management, highlighting its commitment to employee satisfaction [19] - The digital asset AUM is $1.8 billion, including approximately $900 million in tokenized funds and $800 million in crypto ETFs [16] Q&A Session All Questions and Answers Question: How much flexibility does the company have to reduce expenses if markets come under pressure? - Management indicated that expenses are expected to be in line with 2025, with key investments offset by expense savings [23] Question: Can you provide an update on potential contingent consideration liabilities from recent M&A activity? - Management confirmed that the contingent consideration around specific transactions is very low at this stage, with no additional liabilities to report [26][28] Question: What are the company's expectations for EFR in the coming quarters? - Management expects EFR to be stable in the next quarter, with potential upside based on fundraising around alternative assets [39] Question: How does the company view long-term profitability and margin targets? - Management aims for margins to exceed 30% by fiscal 2027, with ongoing efforts to streamline products and integrate acquisitions [44][46] Question: How is AI expected to impact the asset management industry and the company's M&A strategy? - Management believes that AI will drive consolidation in the industry, making it difficult for smaller managers to compete due to the scale required for data acquisition and model training [72][74]

Cayman Islands 7372 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) 71 Fort Street, PO Box 500, George Town, Grand Cayman, Cayman Islands, KY1-1106 (646) 322-4459 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) As filed with the U.S. Securities and Exchange Commission on January 30, 2026 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. ...

Core Viewpoint - The article discusses investment opportunities in the cryptocurrency sector, highlighting three specific companies that are positioned to benefit from the evolving landscape of blockchain technology and regulatory developments [1][2]. Group 1: Industry Insights - The primary value in the crypto/blockchain ecosystem is expected to shift from private projects to public companies that effectively leverage blockchain technology while remaining compliant with mainstream financial services [2]. - Regulatory uncertainty, particularly regarding the stalled CLARITY Act in the US Senate, continues to impact investor sentiment and the overall market for cryptocurrencies [3]. Group 2: Company Analysis - Strategy (MSTR) - Strategy has accumulated over 712,000 bitcoins, valued at approximately $62.5 billion, making it the largest bitcoin treasury company globally [5][6]. - The company recently purchased $264.1 million worth of bitcoin from January 20 to January 25, following a significant acquisition of $2.13 billion in the previous week [7]. - Analyst Ramsey El-Assal rates MSTR as Overweight (Buy) with a price target of $213, indicating a potential 34% gain over the next year [8]. Group 3: Company Analysis - Coinbase (COIN) - Coinbase operates as a leading digital exchange for cryptocurrencies, with $516 billion in assets on the platform and a quarterly trading volume of $295 billion [10][12]. - The company reported a 55% year-over-year revenue growth in Q3 2025, reaching $1.9 billion, and a diluted adjusted net income per share of $1.44 [12][13]. - El-Assal gives COIN an Overweight (Buy) rating with a price target of $277, suggesting a 32% upside potential [13]. Group 4: Company Analysis - Robinhood Markets (HOOD) - Robinhood has gained popularity among online traders, boasting 26.9 million funded customers and $325 billion in total platform assets [15]. - The company reported a record revenue of $1.27 billion in Q3 2025, reflecting a 100% year-over-year increase [17]. - El-Assal rates HOOD as Overweight (Buy) with a price target of $130, indicating a 26% upside potential [18].

Circle Internet Group has unveiled an aggressive 2026 roadmap centered on Arc, its Layer-1 blockchain designed to serve as an “Economic Operating System” for global finance. The company aims to push Arc from testnet toward production while scaling its Circle Payments Network and StableFX applications to capture enterprise market share in stablecoin-powered settlement. The strategy comes as Circle faces mounting competition from Tether, which generated $5.2 billion in revenue during 2025 and now controls ...

The crypto market's tight links with traditional markets laid bare Friday as a sharp slide in metal prices shook out millions in leveraged bets on blockchain versions of gold, silver, and copper. Three-month copper futures on the London Metal Exchange (LME) fell nearly 4% from Thursday’s peak above $14,500 a ton, settling closer to $13,000 amid technical disruptions at the LME, and a sharp shift in positioning by Chinese traders. The move marked a pause after a relentless run driven by Chinese demand, ene ...

Core Viewpoint - The National Financial Regulatory Administration has released the "Implementation Plan for High-Quality Development of Digital Finance in the Banking and Insurance Industries," aiming to guide financial institutions in their digital transformation and enhance the quality of digital financial services [1][2]. Policy Guidance - Digital finance is a key focus of the central financial work conference, emphasizing its importance in enhancing the competitiveness of the financial sector and improving service efficiency for the real economy [2]. - The "Implementation Plan" builds on previous guidelines, focusing on specific measures and quality improvement to facilitate high-quality development in digital finance [2]. - The plan encourages banks and insurance companies to accelerate digital finance development, enhancing financial services and supporting the digital economy [2]. Data Utilization - The plan emphasizes the importance of data in financial institutions, advocating for improved data integration, management, and application across various business areas [4]. - Financial institutions are encouraged to leverage data for customer profiling, decision-making, and risk control, enhancing the effectiveness of digital financial services [4]. - The establishment of a large data set for technology-based enterprises is proposed to better identify and assess these companies [4]. Risk Management - The digital transformation of financial institutions must include robust risk management strategies to address new risks associated with digitalization, such as algorithmic model flaws and data security [8][9]. - A comprehensive intelligent risk control system is essential to ensure that innovation aligns with risk management [8]. - Financial institutions are advised to enhance their data security capabilities and accurately identify credit risks associated with borrowers [9]. Collaboration and Innovation - The development of digital finance should involve collaboration among financial institutions, technology companies, and industry stakeholders to drive innovation and embed financial services into various sectors [3]. - The use of technologies like artificial intelligence and blockchain is encouraged to optimize financing processes and enhance the digital financial ecosystem [3]. Support for SMEs - The plan aims to improve lending to small and micro enterprises by expanding the application of logistics, capital flow, and information flow data [6]. - Innovative digital services are being developed by small and medium-sized banks to better meet the financing needs of different customer segments [6]. - The integration of diverse data sources is helping banks create comprehensive credit profiles, reducing risks while achieving economic and social benefits [6].

As filed with the Securities and Exchange Commission on January 29, 2026. Registration No. 333-292217 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ––––––––––––––––––––––––––––––––––––––– AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ––––––––––––––––––––––––––––––––––––––– Proem Acquisition Corp I (Exact name of registrant as specified in its charter) ––––––––––––––––––––––––––––––––––––––– | Cayman Islands | 6770 | N/A | | --- | --- | --- | | ...

We're back on Morning Trade Live. We'll get a closer look at the consumer over the next 24 hours when we get earnings from Visa and American Express. So, here is a look at the last 12 months for some of these names.Visa, AXP, Mastercard, and Capital 1, American Express, and Capital 1 are in the green over the last year. Visa and Mastercard though are modestly lower. So, let's go inside out on some of these credit card stocks.Joining us now is Rebecca Walsa, president Wals Wealth Management. So, nice to see ...