Core Viewpoint - State Street Corporation is a major player in the financial services sector, focusing on investment management and trading services, and is committed to returning value to its shareholders through dividends [1][2]. Group 1: Financial Performance - State Street has declared a quarterly cash dividend of $0.84 per share, payable on April 13, 2026, to shareholders recorded by April 1, 2026, reflecting the company's commitment to shareholder value [2]. - The stock is currently priced at $127.90, with a slight increase of 0.03, translating to a 2.35% change [3][5]. - The stock's trading range for the day has been between $125.61 and $128.75, indicating some volatility [3]. Group 2: Market Position - State Street's market capitalization is approximately $35.72 billion, highlighting its significant presence in the financial sector [4][5]. - The trading volume for the day is 274,239 shares, suggesting active investor interest, which can influence stock price movements [4].

Jones Lang LaSalle (NYSE:JLL) Q4 2025 Earnings call February 18, 2026 09:00 AM ET Company ParticipantsAnthony Paolone - Executive DirectorBrendan Lynch - DirectorChristian Ulbrich - President and CEOJade Rahmani - Managing DirectorKaren Brennan - CFOMitch Germain - Managing DirectorPatrick O'Shaughnessy - Managing DirectorSean Coghlan - Head of Investor RelationsSeth Bergey - Senior Research AssociateConference Call ParticipantsJulian Blome - AnalystStephen Sheldon - Equity Research AnalystOperatorGood morn ...

Earnings Presentation 14.88 Fourth Quarter 2025 February 18, 2026 Cautionary note regarding forward-looking statements Statements in this presentation regarding, among other things, future financial results and performance, achievements, plans, objectives and share repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors, the occurrence of which are ou ...

Prudential Financial, Inc. (PRU) is a leading global financial services company headquartered in Newark, New Jersey. With a market cap of $36.6 billion, the firm provides a wide range of insurance, investment management, and retirement-related products and services to individual and institutional clients across the United States, Asia, Europe, and Latin America. PRU stock has declined 6.5% over the past 52 weeks and 7.3% on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 11.8% over the ...

Financial Data and Key Metrics Changes - For Q4 2025, the company generated revenues of $1.6 billion, up 5% year-over-year, with overall internal growth for the quarter being essentially flat due to strong prior comparisons [10] - Adjusted EBITDA for the quarter was $245 million, reflecting a 6% increase over the previous year, in line with revenue growth [10] - The company's leverage declined to 2x as of December 31, benefiting from strong seasonal cash flows [15] Business Line Data and Key Metrics Changes - The commercial real estate segment net revenue increased by 7% in Q4, with Capital Markets revenues rising by 13%, primarily driven by strong activity in the U.S. [11] - Leasing revenues grew by 3%, led by the U.S. in office and industrial asset classes [11] - The engineering segment net revenue was up 8%, supported by recent acquisitions, while investment management net revenues increased by 6% [12] Market Data and Key Metrics Changes - The U.S. market continued to show strength, particularly in Capital Markets, which is expected to maintain high teens growth in 2026 [64] - EMEA and Asia Pacific markets experienced modest growth, with expectations for improvement in 2026 [36] Company Strategy and Development Direction - The company is focused on expanding its diversified platform and has recently agreed to acquire Ayesa Engineering, which will enhance growth avenues and strengthen its global presence [5] - The strategy emphasizes leveraging AI as a productivity and growth enabler, improving efficiency and margins while allowing professionals to focus on higher-value advisory services [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2026 with strong momentum and a healthy pipeline, expecting solid internal growth and contributions from recent acquisitions [7] - The company anticipates mid-teens growth across its key operating metrics for 2026, driven by a recovery in Capital Markets and strong demand in engineering and investment management [16] Other Important Information - The company raised $2.1 billion in new capital commitments during Q4 and $5.3 billion for the full year, with a fundraising target of $6 billion to $9 billion for 2026 [13][66] - The integration costs in the investment management segment are expected to continue impacting margins through the first half of 2026 [12][32] Q&A Session Summary Question: Organic growth in engineering - Management noted strong demand for services and opportunities to increase pricing, with hiring ongoing to meet demand [19][20] Question: Capital allocation and share buybacks - Management indicated a preference for careful capital management and highlighted the focus on acquisitions rather than share buybacks at this time [29] Question: Macro perspective on Capital Markets - Management does not expect rate cuts to influence their outlook, citing pent-up demand for transactions as a key driver for growth [36] Question: AI's impact on business - Management views AI as a margin enhancer rather than a disruptor, emphasizing its role in improving efficiency and enabling professionals to focus on complex transactions [71][72] Question: Ayesa acquisition and future growth - Management highlighted the strategic importance of the Ayesa acquisition for expanding into new markets and leveraging existing capabilities [56][87]

Financial Data and Key Metrics Changes - For Q4 2025, the company generated revenues of $1.6 billion, up 5% year-over-year, with overall internal growth for the quarter being essentially flat due to strong prior comparisons [8][10] - Adjusted EBITDA for the quarter was $245 million, reflecting a 6% increase over the previous year, in line with revenue growth [8] - The company ended the year with over $108 billion in assets under management, flat relative to September 30, with new capital raised offset by asset sales [11] Business Line Data and Key Metrics Changes - The commercial real estate segment net revenue increased by 7% in Q4, with Capital Markets revenues up 13%, driven by strong activity in the U.S. [9][10] - Leasing revenues rose by 3%, led by the U.S. in office and industrial asset classes [9] - The engineering segment net revenue grew by 8%, supported by recent acquisitions, while the investment management segment net revenues increased by 6% [10] Market Data and Key Metrics Changes - Capital Markets showed a rebound, particularly in the U.S., with modest growth in EMEA and Asia Pacific against strong prior year comparisons [9] - Demand for outsourcing solutions, including property management and valuation, grew significantly as clients sought trusted partners [4] Company Strategy and Development Direction - The company is focused on expanding its diversified platform and enhancing its capabilities through acquisitions, such as the recent agreement to acquire Ayesa Engineering [4][5] - The strategy emphasizes organic growth, ongoing contributions from acquisitions, and leveraging AI to improve productivity and efficiency [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2026 with strong momentum and a healthy pipeline, expecting solid internal growth and contributions from recent acquisitions [5][12] - The company anticipates low teens top-line growth in commercial real estate, with mid-single-digit growth in engineering and low teens growth in investment management for 2026 [13][14] Other Important Information - The company views AI as a productivity and growth enabler, enhancing efficiency and margins while allowing professionals to focus on higher-value advisory services [6][7] - The leverage ratio declined to 2x as of December 31, with the Ayesa acquisition expected to add approximately 0.7 turns of leverage on a pro forma basis [12] Q&A Session Summary Question: Organic growth trends in engineering - Management noted strong demand for services, opportunities to increase pricing, and ongoing hiring to meet demand, with strong backlogs driving utilization [15][16] Question: Capital allocation thoughts on buybacks - Management expressed a desire to buy back stock but emphasized the importance of focusing on acquisitions like Ayesa [25][26] Question: Macro perspective on Capital Markets pipeline - Management indicated that they are not counting on rate cuts for their outlook, citing pent-up demand for transactions as a key driver [31][32] Question: AI's impact on business - Management clarified that AI is seen as a margin enhancer rather than a disruptor, improving efficiency and allowing professionals to focus on complex transactions [40][41][67] Question: Ayesa acquisition growth expectations - Management expects high single-digit organic growth for Ayesa, driven by high-value services in public sector markets [75][76] Question: Fund performance in Investment Management - Management reported strong fund performance, ranking in the top quartile across various categories, which supports fundraising efforts [63][64]

Core Insights - Principal Financial Group, Inc. (PFG) reported a fourth-quarter 2025 operating net income of $2.19 per share, which missed the Zacks Consensus Estimate by 1.8%, but showed a 13% year-over-year increase [1][8] - Total revenues increased by 9.2% year over year to $4.4 billion, driven by higher premiums, fees, and net investment income [1][8] Revenue Performance - Higher revenues were observed across the Retirement and Income Solution, Investment Management, Specialty Benefits, and Life Insurance segments, despite increased expenses [2] - Total expenses rose by 8.2% year over year to $3.9 billion, attributed to higher benefits, claims, and operating expenses [3] Segment Analysis - **Retirement and Income Solution**: Revenues increased by 15.6% year over year to $2.5 billion, with pre-tax operating earnings rising 7% to $299.5 million [4] - **Investment Management**: Revenues reached $482.7 million, up 1.7% from the prior year, with pre-tax operating earnings increasing by 2% to $166.7 million [4][5] - **International Pension**: Revenues decreased by 9.6% year over year to $216.6 million due to lower premiums and net investment income [5] - **Specialty Benefits**: Revenues increased by 2.8% year over year to $898.2 million, while pre-tax operating earnings decreased by 3% to $142.1 million [6] - **Life Insurance**: Revenues rose by 5.1% year over year to $346.1 million, with pre-tax operating earnings surging more than threefold to $27.5 million [7] Financial Position - As of December 31, 2025, assets under management totaled $781 billion, part of $1.8 trillion in assets under administration [3] - Cash and cash equivalents were $4.4 billion, a 5.2% increase from the end of 2024, while long-term debt decreased by 0.7% to $3.9 billion [10] Shareholder Returns - PFG returned $1.5 billion to shareholders in 2025, including $0.9 billion in share repurchases and $0.7 billion in dividends [11] - The quarterly dividend was raised by 7% to 80 cents per share, payable on March 27, 2026 [11] Full-Year Overview - For 2025, PFG reported an operating net income of $8.27 per share, missing estimates by 0.3%, but reflecting a 19% year-over-year increase [12] - Total operating revenues for the year were $15.93 billion, up 2% year over year [12] Future Guidance - PFG anticipates 9-12% annual non-GAAP operating earnings per diluted share growth and expects a 75-85% free capital flow conversion [13] - The company projects $1.5-$1.8 billion in capital deployment, including $0.8-$1.1 billion for share repurchases and a 40% dividend payout ratio [13]

RETIREMENT ASSET MANAGEMENT BENEFITS & PROTECTION Fourth Quarter 2025 Earnings and 2026 Outlook PRINCIPAL FINANCIAL GROUP February 9, 2026 Audience disclosure Key takeaways | | 12% | 92% | 15.7% | | --- | --- | --- | --- | | Delivered on 2025 outlook | FY EPS growth1 | FY FCF %2 | ROE3 | | | (9-12% target) | (75-85% target) | (14-16% target) | | | | 2025 Highlights4 Capital • Returned $448M capital to shareholders during 4Q25, including $275M of share repurchases and $172M of common stock dividends; bringin ...

Core Viewpoint - AllianceBernstein Holding L.P. demonstrated strong financial performance in its latest earnings report, surpassing revenue and earnings estimates while managing a significant amount of assets despite facing net outflows [1][2][6] Financial Performance - The company reported an earnings per share (EPS) of $0.96, exceeding the estimated $0.92 [1][6] - Revenue was approximately $957.3 million, slightly above the forecast of $956.1 million [2][6] - The GAAP diluted net income was $0.90 per unit, with an adjusted diluted net income of $0.96 per unit [2] Assets Under Management - AllianceBernstein closed the year with a record $867 billion in assets under management [3][6] Net Outflows - The company faced $9.4 billion in net outflows, primarily due to $22.5 billion in net redemptions [4][6] Growth Areas - Despite the outflows, the company achieved targeted organic growth in areas such as ultra-high-net-worth, insurance, separately managed accounts (SMAs), active ETFs, and private markets [4] Financial Metrics - The company has a price-to-earnings (P/E) ratio of approximately 14.80, a price-to-sales ratio of about 12.84, and an enterprise value to sales ratio of 12.84 [5] - The enterprise value to operating cash flow ratio is around 12.73, and the earnings yield is approximately 6.76% [5]

Core Insights - Evercore Inc. (EVR) shares increased by 5.2% following the announcement of better-than-expected fourth-quarter results, with adjusted earnings per share (EPS) of $5.13, exceeding the Zacks Consensus Estimate of $3.83 and up from $3.41 in the prior-year quarter [1][10] Financial Performance - The fourth quarter of 2025 saw record adjusted net revenues of $1.29 billion, surpassing the Zacks Consensus Estimate by 22.2% and reflecting a year-over-year increase of 32.4% [4][10] - For the full year 2025, total revenues reached a record $3.88 billion, a 29.4% increase year over year, also exceeding the Zacks Consensus Estimate of $3.65 billion [4] - Net income attributable to common shareholders (GAAP basis) was $2.03 billion, up from $1.40 billion in the year-ago quarter [2] Segment Performance - Investment Banking & Equities segment reported net revenues of $1.26 billion, a 32.6% increase year over year, with operating income rising 46.3% to $304.5 million [6] - Investment Management segment generated net revenues of $23.5 million, up 10.1% from the prior-year quarter, with operating income increasing 70.9% year over year [7] Balance Sheet Strength - As of December 31, 2025, cash and cash equivalents stood at $1.4 billion, with current assets exceeding current liabilities by $2.1 billion [8] Capital Distribution - On February 3, 2026, the company declared a quarterly dividend of 84 cents per share, payable on March 13 to common stockholders of record as of February 27 [9] Expense Management - Total expenses increased by 27.9% year over year to $976.1 million, while the adjusted compensation ratio improved to 62% from 65.2% in the prior-year quarter [4][5]