25 June 2025 | 5:00AM BST Global Strategy Views Diversify to Amplify; Part 2 1. For much of the post financial crisis era, diversification has not been an effective strategy. As an asset allocator, a simple US based 60/40 approach would have generated unusually high risk adjusted returns without the need to add additional assets. Within equities, the sustained outperformance of the US, mega-cap growth and technology meant that global investors would have reduced risk adjusted returns as a result of broad se ...

智通财经6月26日电，华兴资本控股在港交所公告称，董事会决议进军Web3.0和加密货币资产领域，并 批准总额为1亿美元的预算，在未来两年期间用於本集团发展Web3.0业务和投资加密货币资产（加密货 币资产投资计划）。 ...

Core Insights - Jefferies reported a slight decline in total revenue for Q2 FY 2025 compared to Q2 FY 2024, with total revenue at $1.63 billion, down 1% [1] - Adjusted earnings per share fell significantly by 38% to $0.40, missing analysts' expectations [1][2] - Investment banking revenue decreased by 3% year-over-year, while capital markets revenue remained flat [1][3] Financial Performance - Total revenue for Q2 FY 2024 was $1.66 billion, while Q2 FY 2025 saw a decrease to $1.63 billion [1] - Adjusted earnings per share dropped from $0.64 to $0.40, falling short of expectations [1][2] - Investment banking revenue was $787.4 million in Q2 FY 2024 and decreased to $766.3 million in Q2 FY 2025 [1] - Capital markets revenue remained stable at $707.1 million in Q2 FY 2024 and $704.2 million in Q2 FY 2025 [1] Market Reaction - Following the earnings report, Jefferies shares fell nearly 2% in after-hours trading [5] - The stock had previously risen approximately 42% from its April lows but remains down about 29% year-to-date [6] Operational Insights - Jefferies experienced a significant increase in advisory revenue within its investment banking segment, driven by market share gains and higher M&A activity [3] - However, this was offset by a substantial decline in equity underwriting activity, leading to an overall decrease in investment banking sales [3] - In capital markets, equities performed well, particularly in Europe and Asia, while fixed income revenue faced challenges due to market volatility [4] Future Outlook - CEO Richard Handler expressed optimism about the company's prospects, citing resilience in the global economy and strong backlog figures [8] - Increased non-interest expenses, including higher brokerage and clearing fees, contributed to the earnings miss [7]

New York, June 25, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered direct offering (the “Offering”), for its client Houston American Energy Corp. (NYSE American: HUSA) (the “Company”), an independent oil and gas company. Under the terms of the securities purchase agreement, the Company has agreed to sell to an institutional investor (the ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 25th:Agnico Eagle Mines (AEM) : This company which is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.1% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 1.3%, compared with t ...

February 2025 Investor Presentation 2 Disclaimers Forward-Looking Information This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. The words "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" and other expressions that are predictions of or indicate future ...

以下文章来源于中金研究院 ，作者CGI 中金研究院 . 中金研究院 (CICC Global Institute，缩写 CGI)作为中金公司一级部门，定位为新时代、新形势下的新型智库，服务于中国公共政策研究与决策，参与国际 政策讨论和交流，并为中国金融市场尤其是资本市场发展建言献策。 2025 年 6 ⽉ 21 ⽇，中⾦研究院 2025 年⼆季度宏观研讨会在北京成功举办。本次研讨会以 "以⼈为本的乡村振兴" 为主题， 汇聚国务院 发展研究中⼼、 中国社会科学院、 中国发展研究基⾦会、 北京⼤学、武汉⼤学、 浙江⼤学、 上海交通⼤学、西南财经⼤学、澳⼤利亚国⽴ ⼤学 等机构的权威专家、学者以及乡镇基层⼯作者、返乡创业者和公益组织代表 ，深⼊探讨⼈⼝结构变迁、城乡公共服务均等化、乡村治理 创新等核⼼议题。本次研讨会通过理论探讨与实践案例的结合，为乡村振兴战略的实施提供了多维思考。 中⾦公司⾸席经济学家、研究部负责⼈、中⾦研究院院⻓彭⽂⽣主持会议并致辞，他强调乡村振兴是实现共同富裕的关键举措，⾃2020年成 ⽴以来，中⾦研究院⾼度重视乡村振兴战略，联合多所⾼校开展调研，发布多篇研究报告。今后，中⾦研究院将持续深化相 ...

Group 1 - Amgen Inc. held a special conference call on June 23, 2025, at 5:30 PM ET, featuring key executives including Justin Claeys, Jay Bradner, Susan Sweeney, and Murdo Gordon [1][2][3] - The call was part of the American Diabetes Association's 85th Scientific Session, indicating the company's focus on diabetes-related research and development [2][3] - An investor presentation was made available during the call, suggesting a structured approach to communicating financial and strategic information to stakeholders [3]

市场洞察 - 重点报道 --- Market Insights - Marque e Market Insights | Markets | Equities 市场洞察 | 市场 | 股票 Eq Positioning and Key Levels 股票持仓与关键⽔平 Please see below for a consolidated recap of the various GS positioning metrics. 请⻅下⽅⾼盛各类仓位指标的综合回顾。 Summary: 摘要： -3.3bn last week. In the US, we have this cohort long 21bn. Estimates over the next week and month are mostly for sale, but the magnitude is small. 1. CTA Corner: We model CTAs long $75bn of global equities (64 th percentile) after selling CTA ⻆：我们模型显⽰，CTA 持有 750 ...

June 20, 2025 10:42 AM GMT 中国思考 | Asia Pacific 人民币与稳定币，谁稳定谁？ 北京担忧，美国稳定币立法或将巩固美元霸主地位。因此愿 探索破局，先以香港试点，最终期冀强化人民币跨境支付。 然而，代币化仅是"术"，真要推动人民币国际 化，"道"乃根源，打破通缩、监管透明、资本流动的三个 硬骨头改革不可或缺。 为什么中国开始关注稳定币？一个重要的转折点是，美国参议院近期通过了稳定 币（GENIUS）法案，要求美元稳定币的发行需有百分百储备资产支撑。 若该法案 之后在众议院通过，其实质上意味着目前占据99%市场份额的美元稳定币将正式 成为美金代币。其可被接入国际支付系统，并大幅推升市场对美国国债的需求。 央行的转变⸺从拒绝到接纳：出于对金融风险的担忧，央行从2021年9月开始就 全面了禁止境内虚拟货币的交易与结算。 而本周潘行长在陆家嘴论坛的讲话标志 着央行对虚拟货币态度的转变： 他提出， 国际货币体系应向多极化发展， 并强调 跨境支付体系的多元化发展。潘行长特别提到， 传统跨境支付体系面临的问题逐 渐凸显，包括低效、易受地缘政治影响等。 而在区块链和分布式账本等新兴技术 ...