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Freedom Holding Corp. to Build $2B Sovereign AI Hub in Kazakhstan Powered by NVIDIA
Prnewswire· 2025-11-07 21:02
Core Insights - Freedom Holding Corp. has signed an agreement with the Ministry of Artificial Intelligence and Digital Development of Kazakhstan to develop a $2 billion Sovereign AI Hub in Kazakhstan [1][2] - The hub will utilize NVIDIA's exascale AI infrastructure and aims to enhance Kazakhstan's and Central Asia's leadership in AI [1][3] - The initiative is expected to create favorable conditions for large-scale AI systems and support talent development programs in the region [2][3] Company Overview - Freedom Holding Corp. operates in 21 countries, including Kazakhstan, the United States, and several European and Central Asian nations, providing a range of financial services [5] - The company is actively developing its financial and digital ecosystem in Kazakhstan, which includes various financial institutions and lifestyle segments [5] - Freedom Holding Corp. is listed on NASDAQ, KASE, and AIX under the ticker symbol FRHC and is regulated by the U.S. SEC [5]
MarketAxess Q3 Earnings Beat on Strong Emerging Markets Volumes
ZACKS· 2025-11-07 18:55
Core Insights - MarketAxess Holdings Inc. reported Q3 2025 earnings per share of $1.84, exceeding the Zacks Consensus Estimate by 8.9%, but down from $1.90 a year ago [1][9] - Total revenues increased by 1% year over year to $208.8 million, also beating the consensus mark by 1.2% [1][9] Revenue Breakdown - Commission revenues were $180.2 million, slightly down from $180.4 million in the prior-year quarter, but above the Zacks Consensus Estimate by 0.9% [3] - Information services revenues rose 6% year over year to $13.8 million, beating the consensus mark by 2.7% [3] - Post-trade services revenues increased by 9% year over year to $11.3 million, while technology services revenues surged 20% year over year to $3.6 million [3] Expense Analysis - Total expenses rose 3% year over year to $123.2 million, driven by higher employee compensation, technology, communication, and consulting fees [4] - The total expenses were lower than the estimate of $126.4 million [4] Trading Volume Insights - High-grade trading volume was $419.7 billion, down 7% year over year, missing the Zacks Consensus Estimate by 3.7% [5] - High-yield trading volume increased by 5% year over year to $86.2 billion, with average daily volume (ADV) also rising by 5% to $1.7 billion [6] - Emerging markets trading volume rose 14% year over year to $243.4 billion, with ADV also increasing by 14% to $3.8 billion [6] Financial Position - As of September 30, 2025, MarketAxess had cash and cash equivalents of $473.3 million, down from $544.5 million at the end of 2024 [8] - Total assets increased to $2 billion from $1.8 billion at the end of 2024 [8] Cash Flow and Capital Deployment - Net cash from operations was $90.2 million, down from $95.1 million a year ago, while free cash flow increased to $111.8 million from $86.3 million [10] - The company repurchased shares worth $45.3 million in the quarter, with a total of $120 million repurchased year-to-date [11] 2025 Outlook - Service revenues are expected to see mid-single-digit growth, with total expenses projected between $505 million and $525 million for 2025 [12]
Fidelity National Financial signals value unlock with 12% F&G share distribution and maintains robust title margins amid commercial strength (NYSE:FNF)
Seeking Alpha· 2025-11-07 18:27
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Fiserv Q3 Earnings Miss Estimates on Weak Margins, Revenues Fall Y/Y
ZACKS· 2025-11-07 17:51
Key Takeaways Fiserv reported Q3 adjusted EPS of $2.04, down 11.3% y/y and lagging estimates.Adjusted revenues fell 5.7% to $4.9B as Financial Solutions' revenues declined 3.3%.Margins contracted, with Financial Solutions' operating margin down 510 bps y/y.Fiserv, Inc. (FI) delivered dismal third-quarter 2025 results as the Financial Solutions segment’s revenues declined and margins contracted.The earnings and revenues miss disappointed the market as the company’s shares declined 51.3% since the release of ...
Top Earning Cities for Millennials Include Jersey City and Berkeley, Study Says
Yahoo Finance· 2025-11-07 16:16
Across large U.S. cities, millennials earn an average of 8.8% more than the overall median household income, a new SmartAsset study found. But in some places, that gap is much wider, especially in cities like Jersey City, New Jersey, and Berkeley, California. Jersey City ranks first among major U.S. cities for millennial earnings, with residents ages 25 to 44 earning about 42.4% more than the local median household income. The median millennial household income there is around $143,500, compared to $100,7 ...
2025年非洲最发达金融市场排名(Absa Group)
Shang Wu Bu Wang Zhan· 2025-11-07 16:11
(原标题:2025年非洲最发达金融市场排名(Absa Group)) 这份名为《2025年Absa非洲金融市场指数》的报告评估了29个非洲国家金融市场的进展,这些国 家合计约占非洲大陆总人口和国内生产总值(GDP)的80%。该报告基于六大类别的40多项指标:市场 深度;外汇获取渠道;财政和监管环境及市场透明度;养老基金发展程度;宏观经济环境;以及法律标 准及其执行力。对于每个指标类别,所研究的金融市场按10到100分的尺度进行评分。每个市场的总体 得分是所有类别得分的平均值。 尽管宏观经济环境艰难,南非金融市场仍以86分的总体得分(较2024年指数版本下降2分)保持非 洲大陆表现最佳的市场。毛里求斯以76分的得分,在总排名中相较于2024年保持了第2位。而乌干达 (66分)从尼日利亚(65分)手中夺得了第三名的位置,尼日利亚现居第四位。紧随其后的是纳米比亚 (64分)、博茨瓦纳(63分)和加纳(60分)。总共有9个国家提高了得分(乌干达、纳米比亚、博茨 瓦纳、加纳、卢旺达、津巴布韦、安哥拉、莱索托、刚果(金)),而有11个国家得分下降(南非、摩 洛哥、肯尼亚、赞比亚、埃及、埃斯瓦蒂尼、佛得角、塞舌尔、马拉维、 ...
Caisse Française de Financement Local EMTN 2025-17
Globenewswire· 2025-11-07 14:55
Group 1 - Caisse Française de Financement Local plans to issue €15,000,000 Fixed Rate Obligations Foncières on 12 November 2025, maturing on 12 November 2040 [1] - The issuance is part of the €75,000,000,000 Euro Medium Term Note Programme established on 10 June 2025 [1] - The Base Prospectus and Final Terms related to the issuance are approved by the Autorité des Marchés Financiers and are accessible on the issuer's and AMF's websites [2]
Originally Aimed at Breakaways, Schwab Opens Program Aimed at Boosting Growth to More RIAs
Barrons· 2025-11-07 14:43
Skip to Main Content Skip to Search This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Originally Aimed at Breakaways, Schwab Opens Program Aimed at Boosting Growth to More RIAs The company's new Schwab Advisor ProDirect membership program is geared toward independent advis ...
Intercorp Financial Services Inc. 2025 Q3 - Results - Earnings Call Presentation (NYSE:IFS) 2025-11-07
Seeking Alpha· 2025-11-07 14:36
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Ready Capital (RC) - 2025 Q3 - Earnings Call Transcript
2025-11-07 14:30
Ready Capital (NYSE:RC) Q3 2025 Earnings Call November 07, 2025 08:30 AM ET Speaker0Greetings and welcome to the Ready Capital third quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. Should anyone require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Andrew Ahl ...