Ci siamo. Allora, eh [Musica] quando ero piccola, mia madre si divertiva a fare un gioco. Io amavo moltissimo leggere, leggevo dalla mattina alla sera e ogni tanto mi prendeva dalle mani il libro e diceva: "Adesso ripetimi la pagina che hai letto. " Secondo lei stavo facendo altro, mi distraevo e io gliela ripetevo parola per parola, quasi a memoria. Quindi, insomma, era una cosa che i miei genitori, che non erano così appassionati di studi classici e neanche di libri, pensavano fosse un incrocio tra così u ...

ChatGPT: Everything you need to know about the AI chatbot https://t.co/P9vzprDSGf ...

This AI Founder Became A Billionaire By Building ChatGPT For Doctors https://t.co/8L7YDlXuG7 https://t.co/8L7YDlXuG7 ...

If you guys were running Grock 4, that'd be so much fun. How do you judo flip open AAI because they are marching steadfastly towards a billion Mao, then a billion DAO. It's a juggernaut.So, how do you use the better product in a moment to judo flip the less better product. Look, yeah, I mean, here's the thing, right. So, you do the Elon way.So you have you get a bunch of missionary like full-on missionary engineers that work twice as hard and you have a culture that is ultra fierce truth seeeking and you do ...

Financial Data and Key Metrics Changes - The company reported net income of $1.6 billion or $3.85 per diluted share, with a 4% increase in revenue and a 10% growth in PPNR [6][16][22] - Loans grew by 2%, reflecting strong commercial loan growth, while non-interest expenses remained stable, resulting in positive operating leverage [6][10][12] - The tangible book value increased to approximately $104 per common share, a 4% increase linked quarter and a 17% increase year-over-year [11][12] Business Line Data and Key Metrics Changes - In Capital Markets and Investment Banking (C&IB), strong growth in loans and commitments was noted, with credit trends remaining positive [7][8] - Retail banking saw a 2% year-over-year growth in consumer checking accounts, with a notable 6% growth in the Southwest region [8][12] - Asset management experienced positive net flows and a 16% increase in new client acquisition linked quarter [8] Market Data and Key Metrics Changes - The company maintained a regulatory minimum stress capital buffer of 2.5%, with a start to trough capital depletion of 80 basis points, the lowest in its peer group [7][12] - Average deposits increased by $2 billion, driven by growth in CDs, while non-interest bearing balances remained stable at 22% of total deposits [15][92] Company Strategy and Development Direction - The company continues to execute its national growth strategy, focusing on new customer acquisition and deepening relationships with existing customers [5][9] - A $1.5 billion branch investment plan is underway, with plans to open more than 200 branches in expansion markets [8][9] - The management emphasized the importance of scale and market presence to compete effectively against larger banks [76][78] Management's Comments on Operating Environment and Future Outlook - The management expects continued economic growth in the second half of the year, with real GDP growth projected at approximately 1.5% in 2025 [22][23] - The company anticipates a Fed rate cut in December 2025, which may impact net interest income positively [23] - Despite economic uncertainties, the management remains optimistic about the company's growth potential and market positioning [9][22] Other Important Information - The company returned approximately $1 billion of capital to shareholders, including $640 million in common dividends and $335 million in share repurchases [11][12] - The effective tax rate for the quarter was 18.8%, with a provision of $254 million reflecting macroeconomic changes [16][22] Q&A Session Summary Question: Loan growth sustainability - The management indicated that loan growth was driven by increased utilization and new production, particularly in growth markets, but does not expect the same level of growth to repeat in the second half of the year [26][28] Question: Net interest income trajectory - The management raised guidance for net interest income growth to approximately 7% for the full year, expecting sustained momentum into 2026 [30][31] Question: Fee income outlook - The management noted a slight downward revision in fee income guidance due to heightened economic uncertainty, despite solid performance in capital markets [41][43] Question: Competitive pressure on loan pricing - The management stated that while competition remains rational, there has been no significant contraction in spreads, and yields have remained stable [46][47] Question: Capital levels and regulatory changes - The management expressed confidence in their current capital levels, indicating they are well-positioned relative to regulatory requirements and have flexibility for growth [63][65] Question: Loan growth from new markets - The management confirmed that loan growth is primarily driven by share gains in new markets, with a focus on organic growth [73][120] Question: Impact of stablecoins on deposits - The management does not foresee stablecoins draining deposits from the system and is exploring opportunities to integrate crypto into their payment technology [140][141]

Core Viewpoint - Verizon Communications Inc. is expected to report second-quarter 2025 earnings with a consensus estimate of $33.6 billion in revenue and $1.18 per share in earnings, indicating a potential earnings beat due to new contracts and strategic initiatives [1][4][3] Earnings Estimates - Earnings estimates for 2025 have slightly decreased from $4.69 to $4.68 per share, while estimates for 2026 have increased from $4.86 to $4.90 per share over the past 30 days [1][2] - The current earnings surprise history shows Verizon has exceeded expectations in the last four quarters, with an average surprise of 1.53% [2] Revenue Projections - The Zacks Consensus Estimate for revenues from the Consumer segment is $25.69 billion, while the Business segment is projected at $7.26 billion [8][10] - The company has secured a multibillion-dollar contract for a Private 5G Network in the UK, which is expected to enhance revenue from logistics and manufacturing sectors [6] Strategic Initiatives - Verizon is implementing mix-and-match pricing in wireless and home broadband plans, which has historically led to increased adoption of 5G devices [5] - The launch of the Verizon Frontline Network Slice for first responders aims to improve connectivity and reliability, likely contributing to customer growth [7] Financial Performance - Over the past year, Verizon's stock has declined by 1.7%, underperforming the industry average growth of 18.5% and competitors like AT&T and T-Mobile [13] - The company is trading at a price/earnings ratio of 8.6, which is lower than the industry average of 12.91, indicating a potentially attractive valuation [15] Investment Considerations - Continued investment in fiber infrastructure and new technologies positions Verizon to enhance connectivity and subscriber growth [16] - High capital expenditures for 5G expansion and infrastructure development have pressured margins, with ongoing competition in the saturated U.S. wireless market posing future revenue challenges [17]

Core Point - Nordic Fibreboard AS has reported a significant change in shareholding due to a transaction involving NFB PÄRNU HOLDINGS OÜ and Trigon Carbon Negative Agriculture OÜ [1] Shareholding Changes - NFB PÄRNU HOLDINGS OÜ sold 1,840,000 shares of Nordic Fibreboard AS to Trigon Carbon Negative Agriculture OÜ [2] - Prior to the transaction, NFB PÄRNU HOLDINGS OÜ held 49.24% of Nordic Fibreboard AS shares (2,215,334 shares), which decreased to 8.34% (375,334 shares) after the sale [3] - Trigon Carbon Negative Agriculture OÜ increased its shareholding from 0.00% to 40.90% (1,840,000 shares) following the transaction [3] Control and Ownership - Joakim Johan Helenius maintained his overall control, holding directly and indirectly 68.86% of Nordic Fibreboard AS shares (3,097,974 shares) before and after the transaction [4]

The five big tech companies in America have $320 billion of capex allocated for this next year. That's an all-time record. It's greater than take the next five industries, automotive, manufacturing combined. It's a greater number.And they need AI. They need power for AI today. A kilowatt is worth more today than at any point in time in human history.And knowing that it takes time to permit gas pipelines and transmission lines, what you're seeing this capital is flowing towards places like Pennsylvania, uh t ...

Financial Data and Key Metrics Changes - The company reported net revenues of $14.6 billion for the second quarter, with earnings per share of $10.91 and a return on equity (ROE) of 12.8%, resulting in an ROE of 14.8% for the first half of the year [3][16] - The advisory backlog increased significantly compared to year-end 2024 levels, indicating strong future revenue potential [5][6] - The company returned $4 billion to shareholders, including a 33% increase in the quarterly dividend to $4 per share, reflecting confidence in the firm's durability [12][26] Business Line Data and Key Metrics Changes - Investment Banking revenues reached $1.2 billion, up 71% year-over-year, driven by strength in The Americas and EMEA [18] - Equity underwriting revenues were flat year-over-year at $428 million, while debt underwriting revenues fell 5% to $589 million due to lower leverage finance activity [18] - Asset and Wealth Management revenues totaled $3.8 billion, with management and other fees up 11% year-over-year to $2.8 billion [21] Market Data and Key Metrics Changes - M&A volumes for the year to date are 30% higher year-over-year and 15% greater than the comparable five-year average, indicating a resilient deal-making environment [4][61] - The company priced 11 IPOs during the quarter, which performed well in the secondary market [5] - Total assets under supervision reached a record $3.3 trillion, with long-term net inflows of $17 billion in alternatives and equity [23] Company Strategy and Development Direction - The company is focused on driving growth in financing and maximizing wallet share, ranking in the top three with 125 of the top 150 clients globally, up from 77 in 2019 [7][11] - The formation of the Capital Solutions Group positions the company to meet increasing demand related to AI infrastructure and financing needs [9][10] - The company emphasizes a disciplined approach to risk management while exploring opportunities for capital deployment and shareholder returns [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the investment banking outlook despite ongoing uncertainties, particularly in trade-sensitive industries [5][13] - The company is committed to maintaining a strong capital position while advocating for regulatory clarity to support growth [12][92] - Management highlighted the importance of AI in driving operational efficiency and revenue growth, viewing it as a significant opportunity [54] Other Important Information - The company achieved a record in fixed financing revenues of $1 billion, driven by strong performance in mortgages and structured lending [19] - The effective tax rate for the first half of 2025 was 20.2%, with an expected full-year rate of approximately 22% [25] - The company reduced its historical principal investments by about 10% in the quarter, now standing at approximately $8 billion [34][36] Q&A Session Summary Question: What will the company do with excess capital? - Management indicated that the first priority for excess capital is to deploy it toward client franchise activities that produce accretive returns, with a focus on M&A and financing opportunities [30][31] Question: How does the company view the current M&A environment? - Management noted an increase in dialogue and activity in M&A, with a backlog indicating higher future activity levels, despite ongoing uncertainties [58][61] Question: What is the target CET1 ratio moving forward? - The company aims to maintain a CET1 ratio with a buffer of approximately 50 to 100 basis points above the regulatory minimum, allowing flexibility for client support and capital deployment [40][41] Question: How does the company plan to grow its dividend? - Management emphasized a commitment to consistently raise the dividend, with the recent increase reflecting confidence in the firm's revenue durability and growth potential [50][51] Question: What are the implications of AI for the company's efficiency? - Management highlighted AI as a significant opportunity for automating processes and enhancing productivity, which could lead to both cost savings and revenue growth [52][54]

Watch a short 3-minute film made with our AI models by our in-house creative team, inspired by the age of Victorian silent cinema. Here's more detail on how it was made: Inspiration & Fine-Tuning: The team found a batch of 1800s photos at a thrift store that was then used to LoRA fine-tune our image generation model Imagen to generate new images in the same vintage style. If you want to try this yourself, you can also use "Style Ingredients" in our filmmaking tool Flow. This allows you to directly fine-tune ...