Core Insights - Pagaya Technologies (PGY) is a leading financial technology company specializing in underwriting asset-backed securities (ABS) loans, with a primary focus on personal loans and an expansion into auto and point-of-sale loans [1] Company Overview - Pagaya has established itself in the financial technology sector, particularly in the underwriting of ABS loans [1] - The company is diversifying its loan offerings beyond personal loans to include auto loans and point-of-sale loans [1]

Core Insights - Edelman Financial Engines has transitioned its technology stack to Orion, moving away from Envestnet, which it had used since 2018 [2][4] - This shift is significant for Orion, as Edelman is one of the largest registered investment advisors (RIAs) in the U.S. with over $308 billion in assets under management [1][3] - The change in technology providers comes amid leadership transitions at Edelman, including a new CEO and recent departures of key executives [4][5] Group 1: Company Transition - Edelman has fully onboarded its advisors to Orion's platform, which includes portfolio management, trading, data sharing, and advisor engagement tools [2][6] - The transition to Orion is expected to enhance the integration of systems and improve the tools available to planners, ultimately benefiting client experience [4][6] Group 2: Leadership Changes - Ralph Haberli has recently taken over as CEO of Edelman, succeeding Jay Shah, and has a background from Capital Group [4][5] - The firm has also seen the departure of its Chief Financial Officer and Chief Compliance Officer, indicating ongoing changes in its leadership structure [5] Group 3: Market Position - Orion manages approximately $5.8 trillion in assets under administration, while its competitor Envestnet manages around $7 trillion [3][6] - Edelman is majority-owned by Hellman & Friedman and has a minority stake from Warburg Pincus, with founder Ric Edelman being the largest individual shareholder [7]

Core Viewpoint - Diebold Nixdorf is set to release its fourth quarter and full-year 2025 financial results on February 12, 2026, before the market opens, with a conference call scheduled for 8:30 a.m. ET to discuss the results [1]. Group 1: Earnings Call Details - The earnings call will take place on February 12 at 8:30 a.m. ET, and will be accessible via a webcast [2]. - A press release summarizing the business and financial results, along with a presentation highlighting key points from the period, will be made available prior to the call [2]. - Registration for the earnings call is encouraged to be completed at least one day in advance to avoid wait times, with live access and replay available on the company's website [3]. Group 2: Company Overview - Diebold Nixdorf is a global leader in automating, digitizing, and transforming banking and shopping experiences, serving top financial institutions and retailers [4]. - The company operates in over 100 countries and employs approximately 20,000 people worldwide [4].

Group 1 - StoneCo Ltd. will release its fourth quarter and fiscal year 2025 financial results on March 2, 2026, after market close [1] - A conference call to discuss the results will be held on the same day at 5:00 PM ET [1] - The company will initiate its Quiet Period related to the financial results on February 16, 2026 [3] Group 2 - Stone is a leading provider of financial technology and software solutions that enable merchants to conduct commerce seamlessly across multiple channels [4]

Core Viewpoint - The Federal Reserve is facing scrutiny over its financial management, with significant annual losses attributed to rising interest rates and asset purchase decisions, raising concerns about accountability and transparency [1][3][4][5]. Group 1: Federal Reserve's Financial Performance - The Federal Reserve is reportedly incurring losses exceeding $100 billion annually due to increased short-term interest rates, which have led to higher interest payments on bank reserves while income from long-term securities remains low [3][4]. - Treasury Secretary Scott Bessent highlighted that the Fed's annual losses stem from "mistimed asset purchases," emphasizing the need for accountability in its operations [4][5]. - Inflation in the U.S. peaked at 9.1% in June 2022, the highest in decades, but has since decreased to 2.7% year-over-year, indicating a volatile economic environment that the Fed must navigate [4][5]. Group 2: Accountability and Transparency Concerns - Bessent argues that the Fed's independence should not compromise its accountability to the American public, especially given its unique ability to create money [1][7]. - The ongoing criminal investigation into Fed Chair Jerome Powell, related to his testimony about cost overruns on the Fed's headquarters renovation, raises further questions about the institution's governance [2]. - Bessent's comments reflect a broader concern that the Fed lacks transparency, which is critical given its influence on the economy and the lives of everyday Americans [7].

Group 1 - Brazilian equities are entering 2026 with a more nuanced but still constructive outlook after a strong rally in 2025 driven by flows [1] - The investment thesis for the iShares MSCI Brazil ETF (EWZ) has shifted away from distressed valuations [1] Group 2 - The analyst covers stocks primarily in Brazil and Latin America, with occasional insights on global large caps [2]

Group 1 - BitGo Holdings has priced its initial public offering at $18 per share, which is above the marketed range [1]

Applications for the CSF scholarship program are now open through March 31, 2026. For more information and to apply, visit the Chime Scholars Foundation website at chime.com/about-us/chime-scholars-foundation. About Chime: SAN FRANCISCO--(BUSINESS WIRE)--Chime (Nasdaq: CHYM), a leading consumer financial technology company, announced today that Chime Scholars Foundation (CSF) has opened applications for the 2026-2027 academic year. Aspiring scholars can now apply for scholarshipsof up to $20,000 to support ...

Key Takeaways FISV's growth is supported by rising SaaS and payment adoption, with revenues likely to rise in 2025 and 2026.Enhanced platforms like Clover and Commerce Hub, plus a Japan partnership, expand FISV's payments reach.Acquisitions of Smith Consulting and CardFree strengthen FISV's services and merchant solutions portfolio.Fiserv, Inc.’s (FISV) growth is fueled by the rising adoption of Software-as-a-Service (SaaS) and payment solutions by business houses. Its new acquisitions and AI innovations ai ...

Core Viewpoint - Fiserv (FISV) stock is considered an attractive investment opportunity due to its expansion, cash generation, and significant valuation discount [2]. Current Situation - FISV stock is trading at a notable discount compared to its recent peaks, attributed to adjusted organic revenue growth projections for 2025 and increased technology investments [3]. - The company reported a 1% organic growth in Q3 2025, which negatively impacted profitability and contributed to the valuation discount [3]. Positive Developments - The adoption of the Clover platform and new AI implementations (in collaboration with Microsoft) are enhancing client offerings [4]. - Fiserv continues to generate consistent cash flow with a low debt-to-equity ratio of 1.15, and the "One Fiserv" initiative aims to optimize operations for sustainable long-term growth [5]. Strong Fundamentals - Fiserv exhibits strong fundamentals, with a cash flow yield of 13.3% and a revenue increase of 5.2% over the past twelve months, indicating potential for continued cash reserve expansion [10]. - The stock is currently trading at a significant discount, being 49% lower than its 3-month high, 73% below its 1-year high, and 73% beneath its 2-year high [10]. Investment Criteria - Key investment criteria for Fiserv include a market capitalization exceeding $2 billion, positive revenue growth, high free cash flow yield, and significant discounts to recent highs [11]. - Historical performance indicates average forward returns of 25.7% and 57.9% for 6-month and 12-month periods, respectively, with a win rate of over 70% for both intervals [11].