Partnership & Adoption - Coinbase is partnering with Chase to accelerate crypto adoption [1] - Bridging traditional finance (TradFi) to crypto is coming soon [1] Integration Features - Users will be able to use Chase credit cards on Coinbase [1] - Users can redeem rewards points for USDC (USD Coin) [1] - Users can directly link Chase accounts to Coinbase [1]

Core Insights - WEX Inc. reported strong second-quarter 2025 results, with both earnings and revenues exceeding the Zacks Consensus Estimate, leading to a 6.5% increase in share price since the earnings release on July 23 [1][2] Financial Performance - Adjusted earnings per share were $3.95, surpassing the Zacks Consensus Estimate by 7.1% and showing a year-over-year increase of 1.02% [2][6] - Revenues totaled $659.6 million, beating the consensus estimate by 0.9% but reflecting a decline of 2.06% year-over-year [2][6] Segment Performance - The Mobility segment's revenues decreased by 3.7% year-over-year to $346.2 million, missing the estimate of $354.4 million [4] - The Corporate Payments segment's revenues fell 34.2% year-over-year to $118.3 million, also missing the estimate of $119 million [4] - The Benefits segment's revenues increased by 45.5% year-over-year to $195.1 million, exceeding the estimate of $185.5 million [4] Operating Results - Adjusted operating income declined by 11.3% to $243 million from the year-ago quarter but exceeded the estimate of $223.2 million [5] - The adjusted operating income margin was 36.8%, surpassing the estimate of 33.9% but down 390 basis points year-over-year [5] Guidance - For Q3 2025, revenues are expected to be between $669 million and $689 million, with adjusted net income projected between $4.30 and $4.50 per share [8] - For the full year 2025, revenues are anticipated to be between $2.61 billion and $2.65 billion, with adjusted net income expected between $15.37 and $15.77 per share [9] Balance Sheet and Cash Flow - WEX ended the quarter with cash and cash equivalents of $772.6 million, up from $595.8 million at the end of December 2024 [7] - Long-term debt stood at $3.9 billion, significantly higher than $595.8 million at the end of December 2024 [7] - The company reported a cash outflow of $264.6 million from operating activities, with adjusted free cash flow of $194.3 million [7]

Financial Data and Key Metrics Changes - The company recorded $568 million in adjusted net trading income, which translates to $9.2 million per day, marking a 50% increase from $6.1 million per day in Q2 2024 [25][11] - Adjusted EPS reached $1.53 for Q2 2025, an 83% increase compared to Q2 2024 [25] - The adjusted EBITDA margin was 65%, the highest since 2022, reflecting disciplined expense management [24][25] Business Line Data and Key Metrics Changes - Market Making contributed $451 million to adjusted net trading income, while Execution Services contributed $116 million, both reflecting strong performance against market opportunities [11] - Growth initiatives reached an all-time high of $1.3 million per day, accounting for 15% of total adjusted net trading income [11] - The ETF block business saw elevated client demand due to market volatility, particularly around Liberation Day and tariff news [11][12] Market Data and Key Metrics Changes - Mean realized volatility was 30, with the VIX averaging 24, indicating a favorable trading environment [12] - Equity TCV was up 17% quarter-over-quarter, while notional U.S. equity volumes increased by 9% [13] Company Strategy and Development Direction - The company aims to expand its market share in ETFs and digital assets, focusing on building out its European ETF block offering [12][18] - The strategic focus includes enhancing capabilities in digital assets, with plans to extend market making to additional tokens and asset classes [12][18] - The company is optimistic about the regulatory landscape, with developments like the Genius Stablecoin legislation expected to create new liquidity needs [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing retail engagement and structural trends that should support growth in the coming quarters [17] - The company sees significant opportunities in overnight equity trading and digital assets, with plans to enhance its offerings in these areas [17][18] - The leadership transition is expected to maintain continuity in core values while bringing a fresh perspective on growth opportunities [22] Other Important Information - The company repurchased $66 million worth of shares in the quarter, totaling $135 million year-to-date, with a cumulative repurchase of $1.4 billion since the program's inception [24][26] - The CEO announced retirement plans, with the CTO set to take over, ensuring a smooth leadership transition [20][22] Q&A Session Summary Question: Introduction to Aaron and transition details - The CEO provided background on Aaron, highlighting his intelligence and contributions to the firm since its inception, ensuring a smooth transition [28][34] Question: Impact of potential repeal of the order protection rule - Management indicated that the repeal could be neutral to slightly positive for the company, potentially reducing overhead costs [40][44] Question: Strategic merits of operating a hedge fund - Management acknowledged the consideration of launching a hedge fund but emphasized the cultural shift it would entail [45][48] Question: M&A opportunities and priorities - The company remains open to M&A opportunities but prioritizes internal growth and share repurchases [56][59] Question: Opportunities from stablecoin adoption - Management expressed excitement about stablecoins facilitating digital asset adoption and the company's role in providing liquidity [64][66] Question: Tokenization landscape and its implications - Management discussed the potential for tokenized equity trading, particularly for overseas clients, and the need for regulatory clarity [72][74] Question: Execution services growth drivers - Management noted the challenges of integrating multiple franchises but emphasized the focus on cross-asset development and client satisfaction [80][84] Question: Overnight trading opportunities - Management highlighted the early stages of overnight trading, primarily driven by retail, with expectations for institutional participation to grow [91][98] Question: Future organic growth initiatives - Management identified crypto and options as significant growth areas, alongside the ETF block franchise [100][102]

Moving on to a company reporting its results after the bell. We're talking about Robin Hood. The stocks more than doubled since its last report.Part of a very impressive run so far this year. Mackenzie Sagalos has more on what you should watch in those results. >> Hey, good morning Frank.As Robin Hood investors await second quarter earnings, expectations are running high. The online broker has seen its stock surge 180% this year after nearly doubling in 2024. Its market cap now sits at $93 billion, just beh ...

7月贸易/运输/公用事业就业人数增加1.8万人，6月增加1.4万人； 7月金融服务业就业人数增加2.8万人，6月减少1.4万人； 周三的数据显示，美国私人部门就业人数增加了10.4万人，增幅为3月以来最大，市场预期增加7.5万 人。6月ADP新增就业人数从-3.3万人上修为-2.3万人。 从细分项来看： 7月建筑业就业人数增加1.5万人，6月增加0.9万人； 7月制造业就业人数增加0.7万人，6月增加1.5万人； 尽管服务业复苏带动了招聘人数的增长，但教育和卫生行业除外，今年迄今为止这两个行业的就业岗位 出现了净流失。 尽管7月份的数据好于预期，但私人部门的招聘速度仍远低于去年平均水平。由于围绕特朗普总统政策 的经济不确定性增加，雇主在人员配置决策上变得更加谨慎。重复申请失业保险的数据表明，失业人员 找到新工作所需的时间越来越长，即便首次申请失业金人数仍然保持在低位。 美国劳工统计局定于本周五公布的7月就业报告，预计将显示就业增长放缓，失业率上升。该报告将包 含政府部门的就业数据。 美联储官员一直密切关注劳动力市场的持续下降，该议题很可能成为美联储为期两天的政策会议的主要 焦点，本次会议将于本周四凌晨结束。 ...

New York, New York, July 30, 2025 (GLOBE NEWSWIRE) -- Columbus Circle Capital Corp I ("CCCM") (Nasdaq: CCCM; CCMU; CCCMW) announced today that the ticker symbol for its Class A ordinary shares will change from "CCCM" to "BRR" in connection with its previously announced business combination (the "Business Combination") with Anthony Pompliano's ProCap BTC LLC ("ProCap BTC"). In addition, the ticker symbol for its units will change from "CCCMU" to "BRRWU" and the ticker symbol for its warrants will change from ...

JUST IN: $4 trillion JPMorgan partners with Coinbase "to make buying crypto easier than ever." https://t.co/2ZRxoFKjIT ...

BREAKING: 🇺🇸 Coinbase and JPMorgan Chase partner to use Chase credit cards to make purchases on Coinbase. https://t.co/mvGMGXIJ6C ...

We're partnering with @Chase to accelerate crypto adoption.Coming soon:→ Use Chase credit cards on Coinbase→ Redeem rewards points for USDC→ Directly link Chase accounts to CoinbaseBridging tradfi to crypto. https://t.co/ObxIaMWI3J ...

Presentation Title in Title Case Presentation subtitle in sentence case Second Quarter 2025 Earnings Supplement © 201X Virtu Financial. All rights reserved. Not to be reproduced or retransmitted without permission. Compliance #XXXX-XXXX © 2025 Virtu Financial. All rights reserved. Presenter Name Event name xx Month 201x Performance Highlights Normalized Adj. EPS1 $1.53 2Q 2025 Key Financials Summary Recent Results Adj. NTI1 $568M Adj. NTI/day1 $9.2M Adj. EBITDA1 $369M Adj. EBITDA Margin1,2 65% Debt to LTM A ...