Klarna swung to a loss in the fourth quarter despite reporting a jump in revenue as it more than doubled its number of banking customers. ...

Core Insights - Goldman Sachs is increasingly engaging with digital assets, reflecting a shift in the company's stance towards cryptocurrencies [2][3] - Client demand, particularly from hedge funds and institutional clients, is driving Goldman Sachs' interest in crypto exposure [3] - The bank's CEO, David Solomon, has acknowledged the speculative nature of cryptocurrencies while also indicating a more nuanced view over time [6] Group 1: Company Engagement with Crypto - Goldman Sachs has participated in tests on the Canton Network, an interoperable blockchain system for institutional assets in 2024 [2] - The company is exploring investment opportunities in digital assets, including bankruptcy claims and secondary market plays [2] - By mid-2024, Goldman plans to launch three tokenization projects across U.S. and European markets [3] Group 2: Client Demand and Market Trends - Following the launch of U.S. spot Bitcoin exchange-traded funds, there has been a notable increase in interest from hedge funds and large institutional clients [3] - Goldman Sachs is considering launching marketplaces for tokenized assets, indicating a strategic move towards digital asset infrastructure [3] Group 3: Exposure and Volatility - Goldman Sachs holds indirect exposure to approximately 13,741 Bitcoin through spot ETFs, valued at roughly $1.71 billion at fourth-quarter 2025 cycle highs [4] - The value of this exposure declined to about $944 million when Bitcoin was trading near $68,700, reflecting a 45% decrease primarily due to price movement [5] - Solomon has previously warned about the volatility of cryptocurrencies, which remains a significant characteristic of the asset class [5]

Medallion Financial Corp. Q4 2025 Earnings Call Summary - Moby Strategic Performance and Operational Drivers Achieved record annual performance driven by scaling core consumer lending segments while maintaining a disciplined, data-driven approach to risk assessment. Consumer lending remains the primary anchor, with the portfolio increasingly shifting toward super-prime and near-prime borrowers to enhance credit quality. The Home Improvement segment is being prioritized for expansion due to its super ...

Core Insights - Goldman Sachs Conviction List features top stock picks for institutional and high-net-worth clients, highlighting companies with strong growth and income potential [1][2] - Five dividend-paying companies have been on the Conviction List for extended periods, all rated as Buy by Goldman Sachs [1] Company Summaries - **Bank of America (NYSE: BAC)**: - Dividend yield of 2.06% - Target price set at $67 - On the Conviction List for 362 days - Operates in Global Markets, Global Banking, Global Wealth & Investment Management, and Consumer Banking segments [1][2] - **Johnson & Johnson (NYSE: JNJ)**: - Dividend yield of 2.10% - Target price set at $250 - On the Conviction List for 275 days - Focuses on pharmaceuticals, biotechnology, and medical devices across Innovative Medicine and MedTech segments [1][2] - **Huntington Ingalls Industries (NYSE: HII)**: - Dividend yield of 1.33% - Target price set at $425 - On the Conviction List for 214 days - Engages in designing and constructing military ships and offers various naval nuclear support services [1][2] - **Duke Energy (NYSE: DUK)**: - Dividend yield of 3.37% - Target price set at $141 - On the Conviction List for 214 days - Operates in Electric Utilities and Infrastructure and Gas Utilities and Infrastructure segments [1][2] - **Kontoor Brands (NYSE: KTB)**: - Dividend yield of 3.09% - Target price set at $84 - On the Conviction List for 214 days - A global lifestyle apparel company with brands like Wrangler and Lee [1][2]

Company Overview - La-Z-Boy, Incorporated (LZB) has experienced a value increase of over 20% in just three months, despite a cautious market outlook [1] Analyst Background - The analyst has nearly two decades of experience in the logistics sector and almost ten years in stock investing and macroeconomic analysis, focusing on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] Investment Strategy - The analyst emphasizes portfolio diversification, having transitioned from traditional savings in banks and properties to investing in various industries and market cap sizes, including blue-chip companies and stocks for retirement and trading profits [1] Market Engagement - The analyst entered the US market in 2020, gaining insights through a trading account managed for a relative before opening their own account, and has been utilizing analyses from Seeking Alpha to compare with the Philippine market [1]

By Valentina Za MILAN, Feb 19 (Reuters) - Introducing the digital euro could cost European banks between 4 billion and 6 billion euros ($4.7-$7.1 billion) spread over four ‌years, a senior European Central Bank policymaker said on Thursday. ECB Governing Council member ‌Piero Cipollone also said the new digital‑only central bank currency which the ECB is working on is estimated ​to cost around 1.3 billion euros to set up. Operational costs would then be about 300 million euros, he added, without speci ...

Group 1: Investment Opportunities - Investing does not require millions; starting with $500 can allow investment in financial stocks like Nu Holdings and SoFi Technologies, which are experiencing growth despite being in the less-publicized banking sector [1] - SoFi's revenue has increased by 2,900% over the past five years, reaching $4.77 billion in the last 12 months, and the company is now profitable with over $500 million in pretax income in 2025 [4] - Nubank's revenue rose 42% year over year to $4.2 billion, with net income increasing to $783 million, showcasing its ability to grow rapidly while remaining profitable [8] Group 2: Company Profiles - SoFi began as a student loan lender in 2011 and has evolved into a comprehensive online banking application, attracting 13.7 million customers by the end of 2025, a 35% year-over-year growth [3] - Nubank, part of Nu Holdings, operates in Brazil, Mexico, and Colombia, offering services through a mobile app and avoiding traditional banking costs, which has led to a customer base of 106 million as of Q3 2025 [6][7] - Both SoFi and Nubank focus on providing a better value proposition through technology and customer-centric services, positioning them for continued revenue growth [6][7]

Core Insights - EFG International reported a net profit of SFr325.2m ($420.5m) for 2025, reflecting a 1% year-over-year increase, impacted by a litigation provision related to Kuwait's public pension fund [1] - The firm achieved revenues of SFr1.67bn with a consistent revenue margin of 98 basis points, while operating profit rose by 26% to SFr493.1m from SFr391m in 2024 [1] Financial Performance - Operating expenses increased by 6% to SFr1.17bn, with acquisitions of Cité Gestion and Investment Services Group (ISG) contributing 2.4 percentage points to this rise [2] - Assets under management (AuM) reached SFr185bn at the end of 2025, marking a 12% increase compared to the end of 2024, driven by net new assets of SFr11.3bn and positive acquisition impacts [2] - The net new asset growth rate was 6.8%, exceeding the company's target range of 4% to 6% [2] Regional Contributions - The Asia Pacific region saw net new assets of SFr3.2bn, primarily due to additions to the client relationship officer (CRO) team [3] - The Americas contributed SFr3.3bn in inflows, while Switzerland & Italy reported SFr1.9bn, Continental Europe and the Middle East brought in SFr1.6bn, and the UK added SFr1bn [3] - Other business segments, including EFG Asset Management funds, recorded SFr0.3bn in net inflows [3] Growth and Acquisitions - In 2025, EFG International secured agreements with 79 new CROs, surpassing its annual recruitment target excluding acquisitions [4] - Recent acquisitions included ISG through Shaw and Partners, Cité Gestion, and Quilvest Switzerland, with ISG and Cité Gestion contributing a combined SFr11.7bn to AuM [5] - The Quilvest transaction is expected to complete in Q3 2026, pending regulatory approval [5] Strategic Initiatives - The group plans to invest in digital tools to enhance CRO support and client service as part of its business transformation efforts [6] - All announced acquisitions align with EFG's merger and acquisition strategy, projected to deliver at least a 10% return on investment within three years of integration [6]

佩里·瓦吉约指出，当前全球金融市场不确定性仍高，较低的基准利率对推动印尼经济增长十分必要。 在通胀保持受控的前提下，未来仍存在进一步下调基准利率的空间。 印尼央行上一次降息是在2025年9月。目前的基准利率，为该国自2022年以来的最低水平。(完) 印尼央行行长佩里·瓦吉约当天在新闻发布会上表示，维持利率不变有助于稳定印尼盾汇率，将2026年 和2027年的通胀率控制在2.5%±1%的目标区间内，并推动经济实现可持续增长。 在印尼央行公布上述决定后，印尼盾对美元汇率当天收盘时转而走强。根据路孚特(Refinitiv)数据，印 尼盾收于1美元兑16870印尼盾，较前一交易日升值0.03%，结束了此前连续三个交易日的贬值走势。 中新社雅加达2月19日电 (记者 李志全)印度尼西亚央行19日宣布，将基准利率维持在4.75%，同时继续 将存款利率维持在3.75%、贷款利率维持在5.50%。 印尼央行理事会2月18日至19日举行会议并作出上述决定。这也是印尼央行连续第五个月将基准利率保 持在4.75%，符合市场普遍预期。 ...

Citi has completed the sale of its former Russian subsidiary, AO Citibank, to Renaissance Capital, marking the bank’s full withdrawal from Russia. The agreement covers all remaining business activities in the country and affects around 800 employees. Approvals for the transaction included sign-off from President Vladimir Putin in November last year, followed by internal approval within Citi in December. The bank first announced its decision to leave the Russian consumer market in April 2021, later broa ...