[Music] And we are on our way. We are live at the Schwab Impact Conference here on Schwab Network. It's a pleasure to be here.We've had so many great guests and taking a look at the big picture. Happy to have two esteemed guests with me here today. Kathy Jones, chief fixed income strategist, Schwab Center for Financial Research and Mike Towns, managing director, legislative and regulatory affairs.Charles Schwab. Thank you both for being with us here today. We've had so many conversations in the past.Um toda ...

Welcome back. Charles Schwab announcing this morning it will buy private markets platform Forge Global. It's a $600 million deal that values Forge at $45 a share.Forge's stock skyrocketing of course on the news, up nearly 70% today. The acquisition comes just one week after Morgan Stanley announced it was buying Equity Zen, a private markets trading platform that competes with Forge. We should also note that Forge Global does have a partnership with CNBC to provide private market data.Joining us here first ...

Albert Anthony is the pen name of a Croatian-American business author who is a contributing analyst on investor platform & financial media site Seeking Alpha, where he has over +1K followers, & also writes for platforms like Investing dot com and is author of a new book on Amazon called Real Estate Investment Trusts (REITs): A Fundamental Analysis (2026 Edition).The author's background as a business information systems analyst also included the IT department at top 10 financial firm Charles Schwab, where he ...

Block, Inc. (XYZ), headquartered in Oakland, California, is a fintech and financial-services company that builds technology ecosystems around payments, commerce and financial services. The company operates platforms such as Square for merchants, Cash App for peer-to-peer payments and broader consumer financial services, and other ventures, including “buy now, pay later” and streaming/entertainment. Block’s market cap is around $44.9 billion. Shares of Block have significantly underperformed the broader ma ...

Charles Schwab Corp. is moving to offer its millionaire clients access to potential windfalls generated by private companies before they go public, as investor interest for alternative investments — t... ...

Financial Data and Key Metrics Changes - The company generated over $2 billion from its capital recycling program and repaid $1 billion of borrowings on its corporate credit facility [4] - Adjusted EBITDA for the third quarter was $575 million, down from $844 million in the prior period, reflecting lower ownership in three businesses [15] - Adjusted EFO for the quarter was $284 million, benefiting from lower current tax expenses and interest expenses [15] Business Line Data and Key Metrics Changes - The industrial segment generated adjusted EBITDA of $316 million, down from $500 million in the prior period, but increased 17% year-over-year when including tax benefits [16] - The business services segment's adjusted EBITDA was $188 million, down from $228 million last year, impacted by the sale of a partial interest in dealer software services [17] - The infrastructure services segment's adjusted EBITDA was $104 million, down from $146 million in the same quarter last year, reflecting the sale of offshore oil services [18] Market Data and Key Metrics Changes - The company noted that public markets are at record highs and transaction activity is increasing, supported by declining global interest rates [7] - The feedback from the market regarding the corporate structure reorganization has been positive, with a nearly $1 billion increase in market cap since the announcement [5] Company Strategy and Development Direction - The company plans to simplify its corporate structure by converting all units and shares into a new publicly traded Canadian corporation to improve trading liquidity and accessibility for investors [5] - The focus remains on acquiring high-quality businesses and operationally transforming them into market leaders [6] - The company is leveraging AI to enhance operational capabilities and drive value creation [7] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism heading into the fourth quarter, noting the resilience of the global economy despite challenges [7] - The company is excited about the potential of AI to drive productivity improvements and is well-positioned to capitalize on these changes [6] Other Important Information - The company has repurchased just over $160 million of its units and shares as part of its buyback program [4] - The company ended the quarter with approximately $2.9 billion of pro forma liquidity at the corporate level [19] Q&A Session Summary Question: Is an IPO still the most likely path for BRK? - Management confirmed that an IPO is one option for monetizing BRK, but the capital markets environment in Brazil remains challenging [22] Question: Will BRK be more active in pursuing new concessions? - Management indicated that the focus has been on operational initiatives to increase margins and EBITDA rather than seeking new concessions [23] Question: Can you provide context on Latrobe's regulatory issues? - Management clarified that the issues are primarily disclosure-related and have not impacted the underlying fundamentals of the business [26] Question: What are the AI benefits across other large investments? - Management highlighted the potential of AI to improve operational performance and inventory management across various businesses [50] Question: What is the outlook for Dexco? - Management expressed optimism about Dexco's performance, noting signs of recovery in market demand [46]

November 2025 R: 0 G: 62 B: 41 R: 1 G: 39 B: 26 R: 254 G: 109 B: 18 R: 255 G: 255 B: 255 Priority Technology Holdings, Inc. (Nasdaq: PRTH) Supplemental Slides: Q3 2025 Earnings Call R: 231 G: 229 B: 170 R: 166 G: 166 B: 166 R: 117 G: 209 B: 208 R: 131 G: 201 B: 126 R: 37 G: 37 B: 37 Disclaimer Important Notice Regarding Forward-Looking Statements and Non-GAAP Measures This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such stat ...

Core Insights - Diamond Hill Capital's "Large Cap Fund" underperformed the Russell 1000 Value Index in Q3 2025 despite the overall market rally, with the Russell 3000 Index gaining 8% and calendar-year returns exceeding 14% [1][2] Company Overview - Equitable Holdings, Inc. (NYSE:EQH) is highlighted as a leading diversified financial services company, with a one-month return of -4.28% and a 52-week loss of 9.67%, closing at $45.22 per share on November 5, 2025, and a market capitalization of $14.584 billion [2][3] Investment Strategy - The fund initiated four new positions in Q3 2025, including Equitable Holdings, indicating a belief that its stock price does not reflect its long-term growth potential [3] Hedge Fund Interest - Equitable Holdings, Inc. was held by 42 hedge fund portfolios at the end of Q2 2025, a decrease from 49 in the previous quarter, suggesting a decline in popularity among hedge funds [4] Comparative Analysis - While acknowledging the potential of Equitable Holdings, the company believes that certain AI stocks present greater upside potential and lower downside risk, indicating a shift in investment focus [4]

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Diversified Resilient Dynamic Third quarter 2025 results November 6, 2025 Primary Colors Disclaimer Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including expected financial results and profit growth, acquisitions, future rates of federal funds and expec ...