Investor Presentation January 2026 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 ev ...

As filed with the U.S. Securities and Exchange Commission on January 28, 2026. Registration No. 333-292621 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________________ Cantor Equity Partners VI, Inc. (Exact name of registrant as specified in its charter) ___________________________ | Cayman Islands | 6770 | 98-1601080 | | --- | --- | --- | | (State or other jurisdiction of | (Primary St ...

Group 1 - JPMorgan Chase & Co and Bank of America Corp will match the US government's $1,000 "Trump Account" contributions for eligible employees with children born between the beginning of last year and the end of 2028 [1][2] - Other corporations, including Visa Inc, Chime Financial Inc, and BlackRock Inc, have also pledged to match the government's contributions to the Trump Accounts [2] - Bank of America will allow eligible employees to contribute to Trump Accounts directly from their pre-tax salary [2] Group 2 - JPMorgan has granted a special award of $1,000 to eligible employees globally, specifically for those earning less than $80,000 in total annual cash compensation, which will be deposited into their 401(k) accounts [3] - The Trump Account initiative was introduced by US President Donald Trump as part of the One Big Beautiful Bill Act, providing a one-time $1,000 contribution for children born between 2025 and 2028 [4] - The program aims to improve economic mobility and narrow the US wealth gap by promoting long-term saving and investing from birth [5] Group 3 - The initiative has garnered support from a range of wealthy individuals and public figures, including billionaires and celebrities, indicating broad backing from both business and entertainment sectors [6]

Stifel Financial Reported Strong Earnings. The Stock Fell Anyway. - Barron'sSkip to Main ContentThis 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.---# Stifel Financial Reported Strong Earnings. The Stock Fell Anyway.## The company's investment banking unit benefited from an ...

Goldman Sachs Shuffles Wealth Leadership, Adds Wealth Execs to Top Management Committee - Barron'sSkip to Main ContentThis 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.---# Goldman Sachs Shuffles Wealth Leadership, Adds Wealth Execs to Top Management Committee## The changes ...

As filed with the U.S. Securities and Exchange Commission on January 28, 2026. Registration No. 333-291613 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ______________________________________ D. Boral Acquisition I Corp. (Exact name of registrant as specified in its charter) ______________________________________ British Virgin Islands 6770 N/A (State or other ...

Financial Data and Key Metrics Changes - Stifel Financial reported record firm-wide revenue of $5.5 billion for 2025, an increase of 11% year-over-year, marking the first time the company surpassed $5 billion in revenue in its 135-year history [3][12] - The fourth quarter revenue reached a record $1.56 billion, surpassing the previous quarter's record by 9%, with record EPS of $2.63 and a pretax margin of over 22% [12][14] - The return on tangible common equity for 2025 was approximately 25%, with strong earnings generating meaningful excess capital [7][22] Business Line Data and Key Metrics Changes - Global Wealth Management revenue for 2025 exceeded $3.5 billion, driven by record asset management and transactional revenue, marking the 23rd consecutive year of record wealth revenue [15][16] - Institutional revenue for the full year reached $1.9 billion, up 20% year-over-year, with fourth quarter revenue of $610 million, up 28% year-over-year, primarily driven by investment banking [18][19] Market Data and Key Metrics Changes - The company participated in approximately 75% of depository M&A advisory transactions by deal volume in 2025, highlighting its leadership position in the financial sector [4] - The balance sheet growth is expected to support net interest income between $1.1 billion and $1.2 billion, driven by approximately $4 billion of balance sheet growth [29] Company Strategy and Development Direction - Stifel's business model focuses on integrated client service, combining wealth management, institutional capabilities, and balance sheet support, which differentiates the company in the market [6][24] - The company plans to continue disciplined execution and strategic growth, with a target of reaching $10 billion in revenue and $1 trillion in client assets over time [29] Management's Comments on Operating Environment and Future Outlook - Management noted that while 2025 was a strong year, challenges such as volatility, geopolitical risk, and policy uncertainty remained present [3] - The outlook for 2026 is constructive, with high client engagement and strategic activity expected to increase, although risks are acknowledged [24][27] Other Important Information - The board of directors authorized an 11% increase in the common stock dividend and a 3-for-2 stock split effective February 26, 2026 [10] - The company has a strong capital position, with a Tier 1 leverage ratio of 11.4% and a Tier 1 risk-based capital ratio of 18.3% [22] Q&A Session Summary Question: What factors will shape recruitment in 2026? - Management noted a productivity increase from advisors brought over from B. Riley, attributing it to platform technology and integrated services [35] Question: Are you seeing broader activity across the institutional platform? - Management observed increased activity in healthcare and other sectors, with strong visibility into the first quarter and beyond [38][39] Question: How do you view the strategic use of capital amid M&A activity? - Management indicated a balanced approach between stock buybacks and capital deployment, while noting that many opportunities appear richly valued [111]

Financial Data and Key Metrics Changes - Stifel Financial reported record firm-wide revenue of $5.5 billion for 2025, an increase of 11% year-over-year, marking the first time the company surpassed $5 billion in revenue in its 135-year history [3][12] - The fourth quarter revenue reached a record $1.56 billion, surpassing the previous quarter's record by 9% [12] - Earnings per share (EPS) for the fourth quarter was a record $2.63, with a pre-tax margin of over 22% and a return on tangible equity exceeding 31% [12][22] Business Line Data and Key Metrics Changes - Global Wealth Management revenue for 2025 exceeded $3.5 billion, driven by record asset management and transactional revenue [15][16] - Institutional revenue for 2025 reached $1.9 billion, up 20% year-over-year, with fourth quarter revenue of $610 million, up 28% year-over-year [18][19] - Investment banking revenue for the fourth quarter totaled $456 million, a 50% increase year-over-year, with advisory revenue increasing by 46% to $277 million [18][19] Market Data and Key Metrics Changes - The company participated in approximately 75% of depository M&A advisory transactions by deal volume in 2025, highlighting its leadership position in the financial sector [4] - The balance sheet grew significantly, with client cash and funding increasing meaningfully during the quarter, including a $510 million increase in sweep balances and nearly $1.5 billion in non-wealth client funding [17][22] Company Strategy and Development Direction - Stifel's business model focuses on integrated wealth management, capital markets, and investment banking, with approximately 80% of revenue coming from these segments [5][6] - The company aims to continue disciplined growth and investment in its platform, with a long-term goal of reaching $10 billion in revenue and $1 trillion in client assets [29] - The board authorized an 11% increase in the common stock dividend and a 3-for-2 stock split, reflecting confidence in the company's earnings and cash flows [10] Management's Comments on Operating Environment and Future Outlook - Management noted that while 2025 was a strong year, challenges such as volatility, geopolitical risk, and policy uncertainty remained [3] - The outlook for 2026 is constructive, with high client engagement and strategic activity expected to increase [24] - Management emphasized the importance of disciplined execution and building durable performance through market cycles [24] Other Important Information - The company reported a Tier 1 leverage ratio of 11.4% and a Tier 1 risk-based capital ratio of 18.3%, indicating a strong capital position [22] - The company expects net interest income for 2026 to be between $1.1 billion and $1.2 billion, supported by approximately $4 billion of balance sheet growth [29] Q&A Session Summary Question: Factors shaping recruitment in 2026 and productivity from experienced advisors - Management noted an increase in productivity from B. Riley advisors due to platform technology and integrated services, with a focus on recruiting high-quality teams [35][36] Question: Broader activity in investment banking and deal momentum - Management observed increased activity in healthcare and other sectors, with strong visibility into the first quarter and beyond [38][39] Question: Confidence in ECM fee share and market share gains - Management highlighted improved participation levels and the ability to lead larger deals, contributing to market share gains in ECM [50][51] Question: Strategic use of capital and M&A considerations - Management indicated a balanced approach to capital deployment, considering both stock buybacks and potential acquisitions, while noting current market valuations [111]

Core Insights - Private investment funds for individuals are the fastest-growing source of capital in the $240 billion market for private secondhand stakes [1] - Secondaries accounted for approximately 40% of the $113 billion raised for evergreen funds, which cater to retail and smaller institutional investors [2] - The volume of secondaries transactions surged by 48% since 2024, reaching a record high as alternative asset managers seek retail capital amid a slowdown in institutional investments [3] Group 1 - The fair market value of secondaries in retail funds has nearly tripled since 2023, indicating a significant shift in investment strategies [4] - Seven of the ten largest buyers in the secondaries market are utilizing evergreen vehicles alongside traditional closed-end funds [4] - Retail funds initially focused on acquiring stakes in diversified portfolios, with buyers willing to pay premium prices for desirable portfolios [5] Group 2 - Retail strategies are increasingly supporting continuation funds, which allow asset managers to extend the holding period for valuable assets [6] - In 2025, secondary transactions led by limited partners, such as pensions and endowments, constituted 52% of secondary market activity, driven by the need for portfolio diversification and liquidity [7]

Fourth Quarter 2025 Financial Results Presentation January 28, 2026 Quarterly Earnings Report 2025 Snapshot 2025 RESULTS millions, except per share and ratios Record Net Revenue HIGHLIGHTS NET REVENUE GAAP & NON-GAAP $5,530 PRE-TAX MARGIN GAAP 15.8% NON-GAAP 17.9% NET EARNINGS GAAP $646 NON-GAAP $744 EPS GAAP $5.87 NON-GAAP $6.76 ROCE GAAP 12.9% NON-GAAP 14.8% ROTCE* GAAP 18.2% NON-GAAP 21.0% Second Highest Institutional Group Revenue Record Revenue for Global Wealth Management Record Asset Management Reven ...