Core Viewpoint - Ameriprise Financial (AMP) shares have underperformed over the past year, losing approximately 13% of their value due to concerns about peaking revenue from cash sweep amid Federal Reserve rate cuts [1] Company Performance - The decline in Ameriprise's stock value is attributed to worries regarding revenue generation from cash sweep operations, which are impacted by the recent Federal Reserve rate cuts [1]

Core Viewpoint - Ameriprise Financial (AMP) shares have underperformed over the past year, losing approximately 13% of their value due to concerns about peaking revenue from cash sweep amid Federal Reserve rate cuts [1] Company Performance - The decline in Ameriprise's stock value is attributed to worries regarding revenue generation from cash sweep operations, which are impacted by the recent Federal Reserve rate cuts [1]

Goldman Sachs and JPMorgan give their bosses a raise as the rival firms battle for M&A dominance. https://t.co/xyrSZuUQRj ...

Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) for allegedly misleading investors about the company's loan delinquencies during a specific period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Sallie Mae securities from July 25, 2025, to August 14, 2025 [1][2]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representative of the class [2]. - The complaint alleges that Sallie Mae misrepresented the rise in early-stage delinquencies, claiming these trends were typical and praising their loss mitigation strategies [3]. Group 2: Financial Impact - Following the revelation of the true state of loan delinquencies, Sallie Mae's stock price fell by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [4].

Core Insights - The company reported strong financial results for Q4 2025, with adjusted net trading income reaching $613 million, the highest quarterly total since Q1 2021 [6] - The firm is focused on broad growth initiatives, investing in infrastructure, talent acquisition, and capital expansion [4][21] - The favorable operating environment contributed positively to the results, with increased volatility and trading volumes [10][18] Financial Performance - Adjusted net trading income (ANTI) for Q4 2025 was $9.7 million per day, totaling $613 million, while the full year 2025 ANTI was $2.1 billion [6] - Adjusted EBITDA for Q4 was $442 million, representing a 72% margin, and for the full year, it was $1.4 billion with a 65% margin [7] - Adjusted EPS for Q4 was $1.85, and for the full year, it was $5.73, both representing highs since 2021 [7] Capital Management - The company increased its invested capital by $625 million in 2025, with $448 million added in the second half of the year [8][23] - The firm achieved a 100% return on incremental capital during the quarter, indicating effective capital deployment [11] - The company plans to continue expanding its capital base while maintaining a quarterly dividend of $0.24 per share [9] Market Segments - Market Making reported ANTI of $7.8 million per day for Q4 and $6.7 million per day for the full year 2025 [6] - Virtu Execution Services (VES) reached $2 million per day for Q4, marking the seventh consecutive quarter of increased ANTI [6] - The performance in VES reflects investments in technology and client acquisition, with strong execution across all products and geographies [7][19] Strategic Focus - The company aims to grow its trading capital dynamically in response to market opportunities, rather than focusing on a limited number of initiatives [21] - There is optimism regarding new market opportunities, including potential participation in emerging asset classes [14][27] - The firm is enhancing its product offerings and improving workflows to accommodate non-equity asset classes [19]

NEW YORK, Jan. 29, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Wealthfront Corporation ("Wealthfront" or the "Company") (NASDAQ: WLTH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Wealthfront and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On or ...

分组1 - The Federal Reserve held interest rates steady at a range of 3.5% to 3.75% during its January FOMC meeting, indicating the economy is expanding at a solid pace [4] - Investors are optimistic about potential future rate cuts as inflation eases, but the Fed has not provided a clear outlook on its rate cut path [2][4] - Wall Street's major indexes reached all-time highs earlier in the month but have since experienced volatility due to various factors, including a criminal investigation into Fed Chairman Jerome Powell and rising inflation [5] 分组2 - MSCI Inc. announced a dividend of $2.05 per share, with a dividend yield of 1.24% and a payout ratio of 43% [7][13] - First Horizon Corporation declared a dividend of $0.17 per share, offering a dividend yield of 2.47% and a payout ratio of 32% [9][13] - Stifel Financial Corp. announced a dividend of $0.51 per share, with a dividend yield of 1.46% and a payout ratio of 29% [10][13] - Trustmark Corporation declared a dividend of $0.25 per share, providing a dividend yield of 2.33% and a payout ratio of 26% [12][13]

Core Insights - Raymond James Financial reported a 22% increase in recruiting and retention-related compensation in its fiscal first quarter ending December 31, 2025, as part of its strategy to attract financial advisors [1][5] - The firm successfully recruited advisors with approximately $13 billion in client assets and a trailing 12-month production of $96 million, marking a strong performance despite seasonal slowdowns [2] - The company achieved an annualized net new asset growth of 8%, totaling $31 billion, which is the second-best result in its history [2] Recruitment and Advisor Growth - The recruiting activity at Raymond James is described as robust and broad-based, with a recent tilt towards independent contractor channels [3] - As of the end of fiscal year 2025, the firm reached a record of 8,943 financial advisors, reflecting a 2% increase from the previous year [3] Competitive Landscape - Increased competition is noted in the financial advisory space, particularly from private equity-backed firms, but Raymond James emphasizes its long-term stability and ongoing investments in technology [4] - The firm recently introduced a proprietary artificial intelligence agent for advisors, named Rai, to enhance its service offerings [4] Financial Metrics - The recruiting and retention-related compensation for the first fiscal quarter was reported at $107 million, a 22% increase quarter-over-quarter [5] - The average compensation ratio for advisors was 65.4%, excluding acquisition-related expenses, with total compensation expenses amounting to $2.45 billion [6]

Core Viewpoint - Klarna Group plc is facing a class action lawsuit related to its September 10, 2025 IPO, alleging violations of the Securities Act of 1933 due to misleading offering documents and understated risk regarding loan loss reserves [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Nayak v. Klarna Group plc, allows purchasers of Klarna securities from the IPO to seek appointment as lead plaintiff by February 20, 2026 [1][2]. - Klarna's IPO involved the issuance of approximately 34 million shares at an offering price of $40.00 per share [2]. - The lawsuit claims that Klarna's offering documents were materially false and omitted critical information about the company's risk profile related to its buy now, pay later loans [3]. Group 2: Financial Performance and Stock Impact - Following the IPO, Klarna reported a net loss of $95 million on November 18, 2025, and increased provisions for loan losses to $235 million, exceeding analyst estimates of $215.8 million [4]. - Provisions for loan losses represented 0.72% of gross merchandise volume, up from 0.44% the previous year [4]. - By the time the class action lawsuit commenced, Klarna's stock price had fallen to as low as $31.31 per share, significantly below the IPO price of $40 [4]. Group 3: Legal Representation and Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Klarna securities during the IPO to seek lead plaintiff status in the class action lawsuit [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has been ranked 1 in the ISS Securities Class Action Services rankings for four out of the last five years [6].

Financial Data and Key Metrics Changes - Ameriprise reported adjusted operating revenue growth of 10% to $4.9 billion in Q4 2025, driven by strong organic client flows and market performance [14][25] - Earnings per share increased by 16% to $10.83, with a return on equity reaching a record high of 53.2% [14][15] - Assets under management, administration, and advisement grew to $1.7 trillion, up 11% year-over-year [15][25] Business Line Data and Key Metrics Changes - Advice & Wealth Management (AWM) adjusted operating net revenues increased by 12% to $3.2 billion, benefiting from higher client assets and activity levels [29] - The RAP business saw assets increase by 17% to $670 billion, with net inflows of $12.1 billion in the quarter [27][16] - Asset management operating earnings rose by 17% to $293 million, with total assets under management and advisement reaching $721 billion, up both year-over-year and sequentially [32] Market Data and Key Metrics Changes - Total client assets reached a new record of $1.2 trillion at year-end, up 13% from focused actions to drive flows and positive market conditions [15][27] - Total client inflows were $13.3 billion, up 18%, marking one of the best quarters for flows [16][27] - Transactional activity increased by 5% year-over-year, primarily from growth in annuity products and brokerage [28] Company Strategy and Development Direction - The company is focused on investing in technology, digital capabilities, AI, and cloud infrastructure to enhance client and advisor experiences [15][24] - Ameriprise aims to leverage its diversified revenue streams and effective expense management to sustain strong financial performance even in challenging environments [8][15] - The firm is committed to maintaining a competitive edge through continuous innovation and enhancing its value proposition for advisors [9][18] Management's Comments on Operating Environment and Future Outlook - Management noted a fluid operating environment with elevated inflation and interest rate changes impacting the market, but expressed confidence in the company's resilience and relevance [7][14] - The outlook for 2026 remains positive, with expectations for continued organic growth and strong recruiting momentum [60][61] - Management emphasized the importance of maintaining a strong advisor value proposition and client satisfaction to drive future growth [18][19] Other Important Information - Ameriprise returned over 100% of operating earnings to shareholders in Q4 2025, with a total capital return for the year reaching nearly 90% [25][36] - The company was recognized as one of America's Most Iconic Companies by TIME and included in several prestigious rankings for management and responsibility [23][24] Q&A Session Summary Question: Can you help reconcile the acceleration in net new flows with the lower distribution expense ratio? - Management noted strong flows in Q4 were driven by organic growth and improved advisor productivity, with distribution expenses aligned with revenue growth [38][40] Question: What should we expect for 2026 growth in firm-wide OpEx and G&A growth within AWM? - Management indicated continued investment in technology and services while also transforming the expense base to maintain efficiency [44][48] Question: Can you provide more color on the strong results in Q4 2025 and expectations for early 2026? - Management highlighted strong organic growth and advisor retention, with a positive outlook for recruiting and flows [51][53] Question: How should we think about the buyback going forward? - Management expressed confidence in returning capital to shareholders, maintaining a range of 85%-90% for capital return based on current capabilities [54][55] Question: What does the consolidation opportunity look like for asset management? - Management acknowledged ongoing consolidation in the industry but emphasized their strong technology capabilities and product offerings to attract assets [98][100]