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Broadridge Appoints Frank Troise as President, Global Capital Markets
Prnewswire· 2026-02-24 07:00
Core Insights - Broadridge Financial Solutions has appointed Frank Troise as President of Global Capital Markets, effective immediately, to lead the transformation in capital markets across traditional and digital ecosystems [1] - Troise's experience includes leadership roles at Pico Quantitative Trading and Investment Technology Group, as well as overseeing J.P. Morgan's global Execution Services business [1] - Broadridge aims to leverage its leadership in tokenized real assets and AI-powered capabilities to enhance efficiency, transparency, and growth opportunities in capital markets [1] Company Overview - Broadridge connects over 2,200 buy- and sell-side firms and more than 200 trading venues globally, facilitating daily average trading of over $15 trillion in securities [1] - The company has established a leading position in digital market infrastructure, supporting over $7 trillion in monthly volume through its distributed ledger-based repo platform [1] - Broadridge processes over 7 billion communications annually and is part of the S&P 500 Index, employing over 15,000 associates in 21 countries [1] Strategic Focus - The company is committed to integrating multi-asset class capabilities to enhance trading and post-trade infrastructure, enabling innovation while maintaining resiliency and regulatory strength [1] - Broadridge's strategy includes accelerating institutional adoption of digital markets and transforming operations to reduce risk and improve client experience [1]
ACV Auctions Inc. (ACVA) Reports Break-Even Earnings for Q4
ZACKS· 2026-02-24 00:16
ACV Auctions Inc. (ACVA) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to a loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +100.00%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.07, delivering no surprise.Over the last four quarters, the company has surpasse ...
Clear Street Expands into Asia-Pacific Region With Acquisition of Boom Securities
Globenewswire· 2026-02-23 22:05
Core Insights - Clear Street has announced the acquisition of BOOM Securities, marking its first entry into the APAC market through an acquisition strategy [3][4] - The appointment of John Deters as Chief Strategy and Growth Officer aims to enhance Clear Street's global expansion efforts and strategic initiatives [6][7] - The acquisition is expected to close in mid-2026, pending regulatory approval, and will provide Clear Street with access to over $2 billion in assets under management from Boom [5][4] Company Strategy - The acquisition of Boom Securities is a strategic move to leverage Clear Street's cloud-based technology infrastructure, allowing for scalability and speed in service delivery [4][3] - Clear Street's unified platform will enhance product offerings for Boom's clients, including advanced cross-margining capabilities and real-time data analytics [5][4] - The company is focused on long-term growth through strategic partnerships, M&A, and product development under the leadership of John Deters [6][7] Market Position - Clear Street aims to provide sophisticated investors with access to a wide range of assets and markets, previously available only to large hedge funds and institutions [9][8] - The acquisition positions Clear Street to serve institutional and individual clients across 18 global markets, enhancing its competitive edge in the financial technology sector [4][5] - The company has decided to withdraw its Form S-1 for an IPO due to current market conditions, indicating a focus on internal growth and product development [8][9]
Clear Street Announces Voluntary SEC Deregistration
Globenewswire· 2026-02-23 21:58
NEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Clear Street Group Inc. (“Clear Street” or the “Company”) (Nasdaq: CLRS) today announced that the Company’s Board of Directors (the “Board”) determined to voluntarily deregister its Class A common stock in order to terminate and suspend its reporting obligations under the Securities and Exchange Act of 1934, as amended. The Board made the decision to pursue deregistration of the Company’s Class A common stock upon its determination to postpone the Company’s initia ...
Want Outperformance? 5 Stocks With Relative Price Strength
ZACKS· 2026-02-23 13:55
Key Takeaways RELY, FTI, SHIP, AU and TPR screen for strong relative price strength.FTI's EPS is expected to grow 11.8% in 2026. The company beat estimates in 3 of 4 quarters.AU is set to experience 60% EPS growth in 2026.Wall Street stepped into 2026 with a solid footing after three powerful years of gains. Still, February brought fresh swings. Concerns about the long-term payoff from heavy AI spending triggered a rotation out of technology shares, even as many companies delivered strong earnings. The broa ...
Jack Henry & Associates Stock: Analyst Estimates & Ratings
Yahoo Finance· 2026-02-23 08:02
Headquartered in Monett, Missouri, Jack Henry & Associates, Inc. (JKHY) is a financial technology company serving banks and credit unions. Commanding a market cap of approximately $11.5 billion, the company delivers core processing platforms that manage deposits, loans, and customer data. It also enables secure payments across Automated Teller Machine (ATM), cards, Automated Clearing House (ACH), and mobile bill pay channels, while strengthening digital banking, treasury, fraud prevention, and integrated ...
Robinhood Markets (HOOD) Releases Jan 2026 Operating Data
Yahoo Finance· 2026-02-22 17:11
Group 1 - Robinhood Markets, Inc. reported that funded customers reached 27.2 million in January 2026, an increase of 190,000 from December 2025 and 1.75 million year-over-year [1][2] - The total platform assets grew 59% year-over-year to $324 billion, indicating larger customer portfolios compared to the previous year [2] - Net deposits for January 2026 totaled $4.5 billion, reflecting a 17% annualized growth rate on December AUC and 33% growth over the last 12 months compared to January 2025 assets [2] Group 2 - Following the release of January 2026 metrics, Goldman Sachs analyst James Yaro lowered the price target for Robinhood to $111 from $130 while maintaining a Buy rating, citing strong growth in funded customers [3] - The company is recognized as a financial technology platform that allows retail investors to make commission-free investments across various financial securities, including ADRs, cryptocurrencies, ETFs, and more [4]
Payoneer (PAYO) Strikes Strategic Partnership With Bridge
Yahoo Finance· 2026-02-22 14:38
Payoneer Global (NASDAQ:PAYO) is one of the 9 small-cap software infrastructure stocks with highest upside potential. On February 17, Payoneer Global (NASDAQ:PAYO) announced plans to introduce stablecoin capabilities that will be directly integrated into its platform through a partnership with Bridge. The company believes this partnership will unlock new capabilities for businesses to securely receive, hold, and send stablecoins as part of their routine operations. The goal is to simplify international pa ...
More Of The Latest Thoughts From American Technology Companies On AI (2025 Q4) : The Good Investors %
The Good Investors· 2026-02-21 09:49
Core Insights - The article discusses the latest insights from technology companies regarding AI's impact on their industries, particularly focusing on Adyen and Airbnb's advancements in AI technology and its applications in their business models [1][2]. Adyen - Adyen has introduced Dynamic Identification, which enhances real-time decision-making for payments, improving conversion rates and reducing costs while managing risks more effectively [2][4]. - During peak shopping events, approximately 95% of shoppers were recognized through Dynamic Identification, showcasing its effectiveness in both online and in-store channels [2][4]. - Dynamic Identification is designed to combat the limitations of traditional, document-based identity verification methods, allowing for more adaptive and precise risk assessments [2][6]. - The new Personalize module within Adyen Uplift, developed in the second half of 2025, helps merchants balance payment costs and conversion rates by personalizing the payment experience based on shopper behavior [4][10]. - Pilot tests of the Personalize module showed a 6% improvement in conversion rates and a 3% reduction in transaction costs for merchants [10]. Airbnb - Airbnb has deployed an AI agent for customer support, which currently resolves one-third of support issues, significantly speeding up resolution times [11][12]. - The company plans to expand the AI agent's capabilities globally, aiming to enhance customer support quality while reducing costs [12][13]. - Airbnb is developing an AI-native experience within its app to personalize user interactions, helping guests plan trips and assisting hosts in managing their businesses more effectively [13][14]. - Management believes that integrating AI will not negatively impact profitability, as the company focuses on cost-efficient innovations without significant capital expenditures [13][14]. - Airbnb's strategy includes leveraging AI to enhance search functionalities, with ongoing tests for AI search capabilities aimed at improving user experience [16][17]. Arista Networks - Arista Networks has exceeded its AI center networking revenue goal of $1.5 billion for 2025 and anticipates doubling this figure to $3.25 billion in 2026 [18][19]. - The company is positioning itself as a leading provider for AI data centers, focusing on interoperability with major players like NVIDIA and AMD [20][28]. - Arista's networking products are designed to handle both training and inference for AI models, with a focus on reducing congestion and improving performance metrics [22][23]. - The company has seen a significant increase in purchase commitments, reaching $6.8 billion by the end of Q4 2025, primarily driven by demand for AI-related products [25][26]. Cloudflare - Cloudflare has secured significant contracts with leading AI companies, establishing itself as a preferred infrastructure provider for AI applications [36][39]. - The company is witnessing a shift towards AI-driven demand for its services, with AI agents generating significantly more outbound requests compared to traditional applications [42][43]. - Cloudflare's management emphasizes the efficiency of its infrastructure, claiming it can achieve up to 10 times the workload from the same GPU compared to hyperscalers, thus attracting more AI compute spending [45].
Square Ecosystem Nears 1,000 Partners to Fuel Seller Growth
PYMNTS.com· 2026-02-20 19:56
Core Insights - Square has expanded its partner ecosystem to nearly 1,000 partners in its Square App Marketplace and Square Specialists directory, enhancing its offerings for sellers [1][2] Group 1: Partner Ecosystem - The partners provide tools that sellers can access and integrate with Square to optimize their business operations [2] - Integrations include websites, booking apps, social channels, marketplaces, accounting, inventory management, fulfillment, operations, analytics, and expert support [3] - The ecosystem offers exclusive partner offers to sellers, aiming to empower local businesses through an interconnected platform [7] Group 2: Business Performance - Square's gross payment volume (GPV) increased by 12% year over year in Q3, with international markets growing by 26% compared to 9% in the U.S. [8] - The GPV from mid-market sellers now represents 45% of total GPV, indicating a shift in the company's market focus [8][9] - This trend reflects Square's strategy of upmarket expansion, moving away from its original focus on small merchants to a broader business operating platform [9] Group 3: Product Innovations - Square has extended its conversational AI assistant, Square AI, to the UK and expanded its partnership with Thrive for inventory management [10] - New features include AI-powered insights, voice ordering, bitcoin payments, and a mobile app tailored for small businesses [10]