JUST IN: 🇺🇸 $2 trillion Morgan Stanley hires Head of Digital Assets Strategy. ...

Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) for allegedly concealing a significant increase in loan delinquencies during a specific period, leading to investor losses [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Sallie Mae securities from July 25, 2025, to August 14, 2025 [1]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. - The complaint claims that Sallie Mae misrepresented the nature of rising early-stage delinquencies, attributing them to seasonal trends while downplaying the effectiveness of their loss mitigation programs [3]. Group 2: Financial Impact - A TD Cowen report revealed that July delinquencies increased by 49 basis points month-over-month, which was above seasonal expectations [4]. - Following the report, Sallie Mae's stock price fell by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [4].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Significant Losses In Wealthfront To Contact Him Directly To Discuss Their OptionsIf you suffered significant losses in Wealthfront stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information]New York, New York--(Newsfile Corp. - January 27, 2026) - Faruqi ...

Core Viewpoint - Ameriprise Financial Services (AMP) is expected to report quarterly earnings of $10.29 per share, a 9.9% increase year-over-year, with revenues projected at $4.71 billion, reflecting a 5.5% year-over-year growth [1]. Earnings Estimates - The consensus EPS estimate has been revised down by 0.8% in the last 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between these revisions and short-term stock performance [3]. Revenue Projections - Analysts project 'Revenues- Management and financial advice fees' to reach $2.89 billion, a year-over-year increase of 6.6% [5]. - 'Revenues- Distribution fees' are expected to be $556.53 million, up 3.8% from the previous year [5]. - 'Revenues- Net investment income' is estimated at $841.41 million, indicating a decline of 5.7% year-over-year [5]. - 'Revenues- Premiums, policy and contract charges' are forecasted at $411.59 million, reflecting an 8.6% increase [6]. - 'Revenues- Other revenues' are expected to be $134.69 million, a 6.1% increase from the year-ago quarter [6]. Assets Under Management - Total Assets Under Management (AUM) is projected to be $1.29 billion, up from $1.17 billion year-over-year [6]. - Total Assets Under Administration is expected to reach $349.71 million, compared to $317.16 million in the same quarter last year [7]. - Total Assets Under Management and Administration is estimated at $1.63 billion, up from $1.52 billion year-over-year [7]. - Total Assets Under Management - Asset Management AUM is projected at $676.38 million, compared to $644.91 million last year [8]. - Total Client Assets at period end are expected to reach $1,177.36 billion, up from $1,028.94 billion year-over-year [9]. Stock Performance - Ameriprise shares have increased by 0.6% over the past month, compared to a 0.4% increase in the Zacks S&P 500 composite [10].

Core Viewpoint - LPL Financial Holdings Inc. (LPLA) is expected to report quarterly earnings of $4.82 per share, reflecting a 13.4% increase year-over-year, with revenues projected at $4.81 billion, a 36.8% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 1.1% lower in the last 30 days, indicating a reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenue- Commission' to reach $1.22 billion, a 26.5% increase from the previous year [5]. - 'Revenue- Service and fee' is projected at $170.29 million, indicating a 22.4% year-over-year change [5]. - 'Revenue- Asset-based fees' is expected to be $833.46 million, reflecting a 24.4% increase year-over-year [5]. - 'Revenue- Advisory' is forecasted to reach $2.47 billion, a significant 54.5% increase compared to the prior year [6]. Advisory and Brokerage Assets - 'Total Advisory and Brokerage Assets - Brokerage Assets' is projected to be $984.04 billion, up from $783.70 billion year-over-year [6]. - 'Total Advisory and Brokerage Assets' is estimated at $2341.72 billion, compared to $1740.70 billion in the previous year [6]. - 'Total Advisory and Brokerage Assets - Advisory Assets' is expected to reach $1357.69 billion, up from $957.00 billion year-over-year [7]. Net New Assets - 'Net New Assets (NNA) - Net new advisory assets' is estimated at $38.48 billion, down from $71.10 billion in the same quarter last year [8]. - 'Total Net New Assets' is projected to be $53.89 billion, a decrease from $157.30 billion year-over-year [8]. - 'Net New Assets (NNA) - Net new brokerage assets' is expected to arrive at $15.41 billion, down from $86.20 billion in the previous year [9]. Advisor Metrics - The consensus estimate for the 'Number of advisors' stands at 32,753, an increase from 28,888 reported in the same quarter last year [7]. - Analysts expect 'Net new advisors' to be 976, a decrease from 5,202 in the same quarter of the previous year [9]. Stock Performance - LPL Financial shares have shown a -2% return over the past month, contrasting with the Zacks S&P 500 composite's +0.4% change [10].

Core Insights - NewtekOne (NEWT) is projected to report quarterly earnings of $0.65 per share, a decline of 5.8% year-over-year, with revenues expected to reach $80.99 million, reflecting a 7.5% increase compared to the same period last year [1] Earnings Estimates - The consensus EPS estimate for the quarter has been revised downward by 4% over the past 30 days, indicating a reassessment by analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3] Key Financial Metrics - Analysts estimate 'Total noninterest income' to be $62.12 million, down from $64.07 million year-over-year [4] - 'Net interest income' is predicted at $18.87 million, compared to $11.29 million reported in the same quarter last year [5] - 'Noninterest income- Servicing income' is expected to reach $5.50 million, slightly up from $5.17 million year-over-year [5] - 'Noninterest income- Net gains on sales of loans' is forecasted at $16.55 million, down from $28.65 million in the same quarter last year [6] - 'Noninterest income- Electronic payment processing income' is projected to be $12.27 million, an increase from $10.64 million year-over-year [6] - 'Noninterest income- Other noninterest income' is expected to be $10.73 million, down from $11.74 million year-over-year [7] - 'Noninterest income- Net gain (loss) on loans under the fair value option' is anticipated to be -$1.50 million, a significant drop from $9.38 million reported in the same quarter last year [7] Stock Performance - NewtekOne shares have increased by 20.2% over the past month, compared to a 0.4% increase in the Zacks S&P 500 composite [7] - With a Zacks Rank of 4 (Sell), NewtekOne is expected to underperform the overall market in the near future [7]

Core Viewpoint - State Street Corporation has signed a support agreement with the Abu Dhabi Investment Office to establish a new operating center in Al Ain, marking a significant step in its long-term expansion strategy in the Middle East and UAE [1][3] Group 1: Expansion and Job Creation - The new operating hub will create over 300 financial services roles in the next four years, providing career pathways for local Emirati talent [2] - State Street will collaborate with local universities to create career and internship opportunities for graduates, aligning with Abu Dhabi's goal of building a knowledge-based workforce [2][4] Group 2: Strategic Importance - Abu Dhabi, including Al Ain, is a strategic priority for State Street, which aims to support the emirate's development as a global financial hub [3] - The collaboration is part of ADIO's FinTech, Insurance, Digital and Alternative Assets cluster, projected to contribute an additional AED56 billion to Abu Dhabi's GDP by 2045 [3] Group 3: Commitment to Local Development - The initiative supports Abu Dhabi's economic development agenda and aims to create high-quality employment opportunities for UAE nationals [4][5] - State Street's presence in Abu Dhabi since 2018 has been focused on serving institutional clients and contributing to the local financial services landscape [6] Group 4: Future Plans - State Street intends to upgrade its ADGM license to strengthen local market infrastructure and expand global access, positioning ADGM as a premier international financial center [8]

The lower house in the Dutch parliament approved a plan to scrap bonus restrictions for most financial sector staff, a major step in softening a rule that has long been excoriated by the industry https://t.co/Dh5bRqt1wJ ...

Group 1 - Block & Leviton is investigating Wealthfront Corp. for potential securities law violations following a significant drop in share price and concerning financial disclosures [1][2] - Wealthfront reported $208 million in net deposit outflows, a stark contrast to the previous year's $874 million in inflows, which contributed to a more than 15% decline in its stock price [2] - The investigation focuses on disclosures made during Wealthfront's IPO, particularly regarding the CEO's large controlling stake in the company's new home lending business [2][4] Group 2 - Investors who have lost money on Wealthfront common stock may be eligible to participate in the investigation, regardless of whether they have sold their shares [3] - Block & Leviton aims to recover losses for investors and may file legal actions if securities law violations are confirmed [4] - The firm encourages whistleblowers with non-public information about Wealthfront to assist in the investigation, with potential rewards for original information provided to the SEC [6]

Core Insights - AtlasClear Holdings, Inc. reported significant progress in fiscal 2025, focusing on financial stability and operational improvements, setting the stage for growth in 2026 [1][2] Financial Transformation - Fiscal 2025 was a pivotal year for AtlasClear, aimed at stabilizing the financial position and addressing legacy structural constraints for sustainable growth [2] - The company executed balance sheet actions that converted and extinguished over $43 million of legacy de-SPAC liabilities, reducing obligations by over 80% and restoring positive stockholders' equity [3] - These actions strengthened the capital structure, reduced financial overhang, and improved financial flexibility [3] Operational Progress - AtlasClear's subsidiaries, particularly Wilson-Davis & Co., showed improving performance, with Wilson-Davis generating $3.05 million in revenue for October 2025, a 113% increase year-over-year, and net income of $0.94 million, up 169% year-over-year [6][7] - The company activated underutilized revenue lines, especially in the stock loan business, contributing to improved operating leverage [8] - Partnerships, such as the integration of LocBox technology, enhanced stock loan inventory optimization and expanded service offerings [9] Leadership and Governance - AtlasClear completed financings totaling approximately $25 million, including a $20 million financing post-first fiscal quarter of 2026, strengthening liquidity and aligning leadership with shareholders [10] - The leadership team was enhanced with the appointment of Sandip Patel as CFO and General Counsel, and the return of Steven Carlson as an independent director [11] 2026 Strategic Outlook - The company is focused on disciplined execution and expanding its operating platform, with key priorities including selective acquisitions that are strategically aligned and complementary to organic growth [12][13] - Plans for 2026 include scaling successful businesses, maintaining regulatory and capital discipline, and building a durable financial infrastructure [13] - Continued onboarding of correspondent clearing clients and expansion of stock loan and margin lending activities are also key focuses [16]