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Stocks in news: Vodafone Idea, Hindustan Zinc, Vedanta, Marico, Vishal Mega Mart, Maruti and L&T
The Economic Times· 2026-01-28 00:41
Company Performance - Vodafone Idea narrowed its consolidated losses to Rs 5,286 crore in Q3FY26 from Rs 6,609 crore in the same period last year, with revenue from operations at Rs 11,323 crore, a 2% increase from Rs 11,117 crore [10][11] - Motilal Oswal Financial Services reported a slight increase in Q3 consolidated net profit to Rs 566 crore compared to Rs 565 crore a year ago, with total revenue from operations rising 6% to Rs 2,112 crore [6][11] - Marico's consolidated net profit reached Rs 447 crore in Q3FY26, up 12% year-on-year, with revenue from operations at Rs 3,537 crore, a 27% increase from Rs 2,794 crore in Q3FY25 [7][11] - Vishal Mega Mart reported a consolidated net profit of Rs 313 crore in Q3FY26, up 19% year-on-year, with revenue from operations at Rs 3,670 crore, a 17% increase from Rs 3,136 crore in Q3FY25 [8][11] Market Expectations - Maruti Suzuki is expected to report a strong performance for the December quarter, with net profit growth estimated between 24% and 35%, amounting to Rs 4,540 crore to Rs 5,696 crore, and revenue growth projected at 32% to 37%, reaching Rs 50,765 crore to Rs 52,706 crore [9][10][11] - Larsen & Toubro is anticipated to show a robust December-quarter performance, with net profit growth expected between 20% and 35%, estimated at Rs 4,038 crore to Rs 4,548 crore, alongside double-digit growth in revenue and EBITDA [9][10][11] Stake Sale - Vedanta approved the sale of up to 1.59% stake in Hindustan Zinc Limited, representing up to 6.7 crore equity shares, with a floor price set at Rs 685 per share for the offer for sale (OFS) [4][11] - The two-day OFS is scheduled to open on January 28, 2026, for non-retail investors and on January 29, 2026, for retail investors [5][11]
INVESTOR ALERT: SLM Corporation a/k/a Sallie Mae Investors with Significant Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces
Prnewswire· 2026-01-27 23:30
Core Viewpoint - The SLM Corporation, also known as Sallie Mae, is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements regarding delinquency rates in private education loans [1][3]. Group 1: Class Action Details - Investors in SLM securities from July 25, 2025, to August 14, 2025, can seek appointment as lead plaintiff in the class action lawsuit by February 17, 2026 [1]. - The lawsuit is titled Zappia v. SLM Corporation and is filed in the District of New Jersey [1]. - The allegations include that SLM experienced a significant increase in early-stage delinquencies, which was not disclosed to investors [3]. Group 2: Financial Impact - A report from TD Cowen on August 14, 2025, indicated that July 2025 delinquencies rose by 49 basis points month-over-month, which was worse than the seasonal average increase of 10 basis points [4]. - This report contradicted statements made by SLM's CFO, who claimed delinquency rates were following normal seasonal trends [4]. - Following the release of this report, SLM's stock price fell by approximately 8% [4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who invested in SLM securities during the class period to seek appointment as lead plaintiff [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm for litigation [5]. - Participation as lead plaintiff does not affect an investor's ability to share in any potential recovery from the lawsuit [5]. Group 4: Firm Background - 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]. - Robbins Geller has a significant history of obtaining large recoveries in securities class action cases, including the largest recovery of $7.2 billion in the Enron case [6].
Upbound Group CEO Fahmi Karam on Serving the Underserved: ICR Conference 2026
Yahoo Finance· 2026-01-27 23:27
Core Insights - The fireside chat at the ICR Conference 2026 featured Fahmi Karam, CEO of Upbound Group, discussing the company's core brands and their unique offerings in the financial solutions market [1] - The conversation highlighted the distinctions between Lease-to-Own and Buy Now, Pay Later models, as well as how Acima differentiates itself from competitors like Klarna and Affirm [1] Company Overview - Upbound Group, Inc. (NASDAQ: UPBD) is a technology and data-driven leader in providing accessible financial solutions for underserved consumers, operating brands such as Acima, Brigit, and Rent-A-Center [3] - The company facilitates consumer transactions through various store-based and digital channels across the United States, Mexico, and Puerto Rico, and is headquartered in Plano, Texas [3] Leadership Background - Fahmi Karam, appointed CEO on June 1, 2025, has over 20 years of experience in finance and accounting, previously serving as CFO of Santander Consumer USA [2] - His career includes significant roles at Santander and JP Morgan Investment Bank, where he gained extensive expertise in pricing, analytics, and corporate development [2]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlackRock TCP Capital Corp. - TCPC
Globenewswire· 2026-01-27 22:10
Core Viewpoint - BlackRock TCP Capital Corp. is under investigation for potential securities fraud and unlawful business practices following a significant decline in its net asset value due to rising nonperforming loans [1][2]. Group 1: Company Performance - On January 23, 2026, BlackRock TCP reported a 19% decline in the net asset value of its private corporate loans, attributed to a sharp increase in nonperforming loans [2]. - Following this announcement, BlackRock TCP's stock price decreased by $0.76 per share, representing a 12.97% drop, closing at $5.10 per share on January 26, 2026 [2]. Group 2: Legal Investigation - Pomerantz LLP is investigating claims on behalf of BlackRock TCP investors regarding possible securities fraud or other unlawful business practices by the company and its officers and/or directors [1].
Stifel Announces a Three-for-Two Stock Split, 11% Increase to Its Common Stock Dividend & Declares Preferred Stock Cash Dividend
Globenewswire· 2026-01-27 22:00
Core Viewpoint - Stifel Financial Corp. announced a three-for-two stock split and an increase in its common stock dividend, reflecting strong market performance and growth prospects [1][2][3]. Stock Split Details - The Board of Directors declared a three-for-two stock split in the form of a 50% stock dividend, effective February 26, 2026, for shareholders of record as of February 12, 2026 [1]. - Post-split, the company will have approximately 155 million shares outstanding, up from about 103 million [1]. Dividend Information - A cash dividend of $0.51 per share was declared, representing an 11% increase, marking the ninth consecutive annual increase in the common stock dividend [2]. - Following the stock split, the quarterly dividend for 2026 will equate to $0.34 per common share [2]. Management Commentary - The Chairman & CEO of Stifel Financial Corp. stated that the stock split and dividend increase are intended to reward existing and long-term investors, reflecting the board's confidence in the company's ability to drive long-term shareholder value [3]. Preferred Stock Dividends - The Board also declared cash dividends for its Series B, C, and D Non-Cumulative Perpetual Preferred Stocks, payable on March 16, 2026, to shareholders of record on March 2, 2026 [4]. - The declared cash dividends are approximately $0.390625 per share for Series B, $0.3828125 per share for Series C, and $0.281250 per share for Series D [4]. Company Overview - Stifel Financial Corp. is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services [5]. - Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates over 400 offices across the United States and in major global financial centers [5].
Ares Management Corporation to Present at the Bank of America Securities 2026 Financial Services Conference
Accessnewswire· 2026-01-27 22:00
NEW YORK, NY / ACCESS Newswire / January 27, 2026 / Ares Management Corporation announced today that its Co-Founder and Chief Executive Officer, Michael Arougheti, is scheduled to present at the Bank of America Securities 2026 Financial Services Conference on Tuesday, February 10, 2026 at 8:50am ET. A live audio webcast of the presentation will be available on the Investor Resources section of the Company's website at www.aresmgmt.com. ...
Raymond James Launches Proprietary Digital AI Agent to Bolster Operational Excellence
Globenewswire· 2026-01-27 21:14
Core Insights - Raymond James has launched a proprietary digital AI operations agent named Rai, which utilizes natural language processing and generative AI to provide curated answers and guidance for operational questions [1][2] - The implementation of Rai is part of a broader strategy to enhance service models and maintain personal relationships within the firm, with plans for an enterprise-wide rollout following a successful pilot [2][3] AI Strategy and Investment - The company is committed to a multi-year investment in AI tools, with an annual budget of $1.1 billion dedicated to technology advancements that foster innovation and solutions across the enterprise [4] - Rai is designed to learn from user interactions, providing a personalized experience while ensuring human oversight in decision-making processes [2][3] AI Utilization and Development - There are over 10,000 regular users of conversational AI within the firm, indicating high associate utilization rates [3] - The development team is generating approximately 3.2 million lines of code monthly under AI supervision, showcasing the scale of AI integration in the company's operations [3] Additional AI Tools - Recent enhancements include a CRM AI note assistant for optimizing note-taking and identifying action items, Zoom AI meeting summaries for tracking activities, and generative AI search capabilities for improved internal knowledge database queries [6]
Here’s what happens to your HSA when you go on Medicare — and how to keep up the tax savings
Yahoo Finance· 2026-01-27 20:52
Core Insights - The article discusses the implications of turning 65 and transitioning to Medicare, particularly regarding Health Savings Accounts (HSAs) and the potential loss of tax advantages associated with them [1][2][3]. HSA and Medicare Transition - Upon turning 65 and enrolling in Medicare, individuals lose the ability to contribute to their HSAs, which can impact their retirement savings strategy [1][3]. - While tax-free withdrawals for qualified medical expenses remain available, the inability to add funds may lead to a decrease in account balance over time unless investments are managed wisely [3][4]. Employer Health Plans and HSA Contributions - Some individuals may choose to remain on their employer's health plan while also enrolling in Medicare Part A, but this decision prevents further HSA contributions [4]. - Flexible Spending Accounts (FSAs) can serve as an alternative for tax-advantaged savings for those who continue working while on Medicare, with a contribution limit of $3,400 for 2026 [5]. Long-term Tax Planning - For those who enroll in Medicare and continue working, long-term tax planning becomes essential to manage expected tax liabilities throughout retirement [5][6]. - A Roth conversion is suggested as a strategy to maintain tax-free growth and withdrawals, particularly beneficial for high-income retirees facing potential tax rate increases in the future [7].
Dollar Sinks on US Fiscal and Political Risks
Yahoo Finance· 2026-01-27 20:36
The dollar index (DXY00) tumbled to a nearly 4-year low on Tuesday and finished down by -0.86%. The dollar retreated on Tuesday and has continued to be undercut as foreign investors pull capital from the US amid political risks. The markets remain nervous about Greenland, even though Mr. Trump said last Wednesday that there was a framework agreement for increased US access to Greenland and that he would not invade Greenland by military force. More News from Barchart The dollar is also under pressure o ...
BlackRock’s Partner Securitize Welcomes Former Nasdaq as Head of Issuer Growth
Yahoo Finance· 2026-01-27 20:14
Securitize has appointed Giang Bui as Vice President, Head of Issuer Growth, the company announced on Jan. 27. Bui joins from Nasdaq, where she led US Equities and ETP partnerships and played a key role in the exchange’s spot Bitcoin ETF initiatives. A thread posted on X earlier this morning mentions “a decade” spent “at the center of market structure, working with issuers, regulators, and liquidity providers to scale modern ETFs.” Giang still serves as a board member for the Security Traders Association ...