Financial Data and Key Metrics Changes - The company reported record adjusted revenue of $1,537 million, an increase of 5.9% year-over-year, and adjusted earnings per share of $1.45, a 9.8% increase [6][13] - Adjusted consolidated EBITDA reached $600.4 million, reflecting a 7.4% increase and a margin of 39%, which is a 50 basis point expansion [13][14] - Cash from operating activities for the six months ended June 30, 2025, was $645.1 million, up 14% year-over-year [8] Business Line Data and Key Metrics Changes - GLOBAB experienced organic growth of 7.3%, driven by double-digit growth in private markets and retail alternatives [6][10] - The financial services recurring revenue growth was 3.9%, which includes software-enabled services and maintenance revenue [7] - The health segment reported flat organic growth for the quarter [6] Market Data and Key Metrics Changes - Internationally, the company saw strength in Europe, Australia, and the Middle East, reflecting increased international win rates [7] - The company’s retention rate remained stable at 97% [8] Company Strategy and Development Direction - The company is focused on continuous investment in its AI strategy, partnering with Blue Prism to enhance workflows and deploy AI agents [8] - A definitive agreement to acquire Callistone was announced, expected to close in Q4 2025, which aligns with the company's capital allocation strategy [18] - The company aims to manage expenses while increasing productivity to improve operating margins [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of their diversified revenue across product lines, which helps to mitigate macroeconomic challenges [10] - Early indicators suggest an uptick in activity for the second half of the year, despite previous macroeconomic challenges [12] - The company raised its full-year revenue guidance by $15 million, now expecting revenue in the range of $6,143 million to $6,243 million [17] Other Important Information - The company ended the second quarter with $480 million in cash and cash equivalents and $6.9 billion in gross debt, resulting in a net leverage ratio of 2.72x [15] - The company plans to continue opportunistic share buybacks, having repurchased 3.4 million shares for $269 million [8] Q&A Session Summary Question: Revenue synergy potential from the Callistone deal - Management indicated that while it is early to quantify, there are significant cross-selling opportunities with Callistone's 4,500 clients and their own 10,000 clients, particularly in ETFs and digital assets [21][22] Question: Capital expenditures and their allocation - Management noted that the increase in capital expenditures is largely due to investments in growth and technology products, with expectations to maintain higher levels going forward [23][26] Question: Organic growth guidance for the second half - Management clarified that expectations for organic growth remain strong, with no significant pull-forward of deals affecting the outlook [30][31] Question: Professional services revenue as a leading indicator - Management explained that professional services typically lead to revenue contracts, with a three to six-month process for implementation [36][37] Question: Update on the health solutions segment - Management stated that the selling season for health solutions is currently ongoing, with potential for significant revenue acceleration in the future [55][56] Question: Growth rates for the BATEA segment - Management indicated that BATEA is growing at a historical low double-digit growth rate, with expectations for accelerated growth in the second half of the year [44][45] Question: Update on Blue Prism and its product lifecycle - Management reported successful deployment of digital workers and expressed optimism about Blue Prism's potential, despite competitive pressures [68][69] Question: Intralinks deal volume degradation - Management noted that while there has been a decline in deal volume, early indicators show an uptick in bookings and deal counts, suggesting growth in the back half of the year [70][71]

Certain statements made in this presentation and the associated conference call may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions (including changes in interest rates and inflation), demand for and prici ...

SAN CARLOS, Calif., July 23, 2025 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, will release financial results for its second quarter 2025 on Wednesday, August 6, 2025, after market close. Oportun will host a conference call and earnings webcast to discuss results on Wednesday, August 6, 2025, at 5:00 pm ET / 2:00 pm PT. A live webcast of the call will be accessible from Oportun’s investor relations website at investor.oportun.com, and a webcast replay of the call ...

Core Insights - Raymond James Financial, Inc. reported net revenues of $3.40 billion and net income of $435 million for the fiscal third quarter ended June 30, 2025, marking a 5% increase in quarterly net revenues compared to the prior year [1][2] - The firm celebrated its 150th consecutive quarter of profitability, highlighting strong growth in financial advisor recruitment and a robust investment banking pipeline [2] - For the first nine months of fiscal 2025, record net revenues reached $10.34 billion, a 10% increase year-over-year, with record earnings per diluted share of $7.35, up 7% [2][5] Financial Performance - Quarterly adjusted net income available to common shareholders was $449 million, or $2.18 per diluted share, after excluding $19 million in acquisition-related expenses [1][2] - Annualized return on common equity was 17.1% and annualized adjusted return on tangible common equity was 20.5% for the first nine months of fiscal 2025 [2][5] - The effective tax rate for the quarter was 22.6%, benefiting from nontaxable corporate-owned life insurance gains [15] Segment Results Private Client Group - Record net revenues of $10.34 billion and pre-tax income of $1.98 billion for the first nine months of fiscal 2025, up 10% and 5% respectively [5] - Record client assets under administration reached $1.64 trillion, with fee-based accounts totaling $943.9 billion, reflecting increases of 11% and 15% year-over-year [5][11] - Domestic Private Client Group net new assets for the fiscal third quarter were $11.7 billion, with a year-to-date total of $34.5 billion [11] Capital Markets - Quarterly net revenues increased 15% year-over-year, driven by higher investment banking and brokerage revenues [9][12] - The investment banking pipeline remains strong, although the current macroeconomic environment is uncertain [9] Asset Management - Quarterly net revenues rose 3% year-over-year, primarily due to higher asset management fees, which reached $1.46 billion [7][10] - Record financial assets under management were reported at $263.2 billion, up 15% over June 2024 [13] Banking - The bank segment reported a net interest margin of 2.74%, up 10 basis points year-over-year, with net loans increasing by 3% [14] Shareholder Actions - The company repurchased $451 million of common stock during the fiscal third quarter at an average price of $137 per share [15]

Core Insights - SEI Investments Company reported strong financial results for Q2 2025, with a 70% increase in EPS, 8% growth in revenue, and 9% growth in operating income compared to Q2 2024 [1][2][8] - The operating margin improved to 27%, reflecting the company's strategic investments in talent, technology, and infrastructure to support growth [1][2][8] Financial Performance - **Earnings Per Share (EPS)**: Q2 2025 EPS was $1.78, up 70% from $1.05 in Q2 2024, benefiting from a $0.58 impact from various items, including a $94.4 million gain from the sale of the Family Office Services business [1][2][8] - **Revenue**: Total revenues for Q2 2025 were $559.6 million, an 8% increase from $519.0 million in Q2 2024 [2][8] - **Operating Income**: Operating income rose to $148.6 million, a 9% increase from $136.5 million in the same quarter last year [2][8] - **Net Income**: Net income for Q2 2025 was $227.1 million, a 63% increase from $139.1 million in Q2 2024 [2][8] Business Segment Performance - **Investment Managers**: Revenues increased by 8% to $195.1 million, with operating profit growing by 7% to $73.4 million [4][5] - **Private Banks**: Revenues grew by 7% to $141.4 million, and operating profit increased by 11% to $22.7 million [4][5] - **Investment Advisors**: Revenues rose by 14% to $137.2 million, with operating profit up 19% to $61.4 million [4][5] - **Institutional Investors**: Revenues decreased by 3% to $69.3 million, but operating profit remained stable at $33.5 million [5] Strategic Initiatives - The company is focused on innovation and growth, as highlighted by its strategic investment in Stratos Wealth Holdings [3] - SEI is enhancing its capabilities through investments in technology and talent to meet evolving client needs [1][3] Shareholder Actions - SEI repurchased 2.2 million shares for $180.8 million during Q2 2025, bringing total shares repurchased to 9.0 million over the trailing 12 months [8]

PNC will leverage Coinbase’s institutional-grade crypto-as-a-service platform to enable its customers to buy, sell, and hold digital assets, while also providing certain banking services to Coinbase.Source: https://t.co/bneJvWyWUQ ...

Bitcoin Company @Blocks Officially Joins S&P 500https://t.co/TL76v4EOEh ...

Core Insights - Fiserv, Inc. reported mixed second-quarter 2025 results with earnings exceeding estimates while revenues fell short [1][10] - Adjusted earnings per share were $2.47, beating the consensus by 2.5% and reflecting a 16% year-over-year increase [1][10] - Adjusted revenues reached $5.2 billion, slightly missing estimates but showing a 1.7% year-over-year growth [1][10] Financial Performance - Processing and services revenues were $4.3 billion, a 4% year-over-year increase but below the estimated $4.5 billion [3] - Product segment revenues were $1.2 billion, up 25.3% year-over-year, surpassing the anticipated $1.1 billion [3] - Merchant Solutions revenues totaled $2.6 billion, a 9.7% increase year-over-year, but missed the estimate of $2.8 billion [4] - Financial Solutions segment reported revenues of $2.6 billion, a 7.2% increase year-over-year, exceeding the estimate of $2.5 billion [4] - Operating margin for Merchant Solutions was 34.6%, down 200 basis points year-over-year, while Financial Solutions' margin increased to 48.7%, up 280 basis points [5] Balance Sheet & Cash Flow - Fiserv ended Q2 with cash and cash equivalents of $999 million, down from $1.2 billion in Q1 2025 [6] - Long-term debt increased to $28.1 billion from $27 billion in Q1 2025 [6] - The company generated $1.7 billion in net cash from operating activities and reported free cash flow of $1.2 billion [6] - Capital expenditure was $479 million, and the company repurchased 12.2 million shares for $2.2 billion during the quarter [6] Guidance - Fiserv updated its adjusted earnings per share guidance to a range of $10.15-$10.3, with the midpoint of $10.23 aligning with the Zacks Consensus Estimate [7] - The company anticipates year-over-year earnings growth of 15-17% and revised organic revenue growth outlook to approximately 10% from the previous 10-12% [7] Stock Performance - Fiserv's stock has gained 3% over the past year, underperforming the industry and the Zacks S&P 500 composite, which rose 29.3% and 16.5%, respectively [2]

VERTUS LAUNCHES BLOCKCHAIN-BASED PLATFORM FOR STRUCTURED CREDIT ON THE XRP LEDGER- One of Brazil’s top financial service firms, @THE_VERTUS, has launched a blockchain-based platform for structured credit, with a debut transaction valued at BRL 700 million (USD 130 million), built on the @Ripple XRP Ledger (XRPL).- The newly unveiled platform is designed to mirror private credit operations and fund activities onchain, making key financial events traceable and transparent in real time.Key Details:- The platfo ...

Core Viewpoint - Analysts forecast that Principal Financial (PFG) will report quarterly earnings of $1.98 per share, reflecting a year-over-year increase of 21.5%, while revenues are expected to be $4 billion, a decrease of 1.7% compared to the previous year [1]. Earnings Projections - The consensus EPS estimate for the quarter has been revised upward by 0.3% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts estimate 'Revenue- Net investment income' will reach $1.19 billion, a change of +9.8% year-over-year [5]. - 'Revenue- Premiums and other considerations' is projected at $1.89 billion, indicating a -1.7% change from the prior year [5]. - 'Revenue- Fees and other revenues' is expected to be $1.08 billion, reflecting a +1.8% change year-over-year [5]. Segment-Specific Revenue Projections - 'Revenue- Principal Asset Management Segment- Net investment income' is estimated at $179.23 million, a +9% change from the previous year [6]. - 'Revenue- Benefits and Protection Segment- Specialty Benefits- Fees and other revenues' is projected to be $9.13 million, indicating an +8.7% change [6]. - 'Revenue- Benefits and Protection Segment- Specialty Benefits- Premiums and other considerations' is expected to reach $834.00 million, reflecting a +3.6% change [7]. Additional Segment Insights - The total revenue for 'Benefits and Protection Segment- Specialty Benefits' is estimated at $894.05 million, suggesting a +4.2% change year-over-year [8]. - 'Revenue- Benefits and Protection Segment- Life Insurance- Fees and other revenues' is projected at $96.98 million, indicating a -9.1% change [8]. - 'Revenue- Benefits and Protection Segment- Life Insurance- Total' is expected to be $301.70 million, reflecting an -8.3% change from the prior year [10]. Stock Performance - Principal Financial shares have increased by +2.9% over the past month, compared to a +5.9% increase in the Zacks S&P 500 composite [10].