Northern Trust Corporation (NTRS), based in Chicago, Illinois, is a top-tier global financial institution delivering services in asset servicing, investment management, and wealth management. It supports institutional clients, corporations, and wealthy individuals with a wide network of offices in several countries. The firm manages assets exceeding $1 trillion and aims to provide tailored financial solutions in a dynamic industry environment. The company has a market capitalization of $23.21 billion. Mo ...

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Paying a 1% annual fee to a financial advisor for managing a $2 million investment portfolio is pretty typical, but that doesn’t necessarily mean it’s the right amount for every investor. Even small-sounding financial advisor fees can seriously erode long-term returns when compounded over years or decades. A 1% annual fee on a $2 million portfolio earning 7% could cost you more than $375,000 over 10 years. ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A trio of Commonwealth Financial Network teams totaling nearly $400 million in assets is leaving for Savvy Advisors in the wake of LPL Financial’s acquisition of Commonwealth. It’s the latest defection as LPL strives to meet its goal of retaining 90% of Commonwealth advisors. The moves push Savvy’s total wealth manager count above 100. The teams from Commonwealth include Innovative Financial Solut ...

Core Viewpoint - Commerce Bancshares, Inc. has announced a share repurchase program allowing for the repurchase of up to 5,000,000 shares of its common stock, reflecting the company's strategy to enhance shareholder value [1] Group 1: Share Repurchase Program - The Board of Directors approved a repurchase program that includes the remaining amount from a prior authorization, allowing for the repurchase of up to 5,000,000 shares [1] - Repurchases may occur through open market purchases, privately negotiated transactions, or other compliant methods, with management having sole discretion over timing and number of shares [1] - The program does not obligate the company to repurchase a specific number of shares and can be suspended, modified, or terminated at any time [1] Group 2: Company Overview - Commerce Bancshares, Inc. is a regional bank holding company with $32.3 billion in assets, offering a full range of banking services through its subsidiaries [2] - The company operates full-service banking facilities across the Midwest and maintains commercial offices in several major cities beyond the Midwest [2] - Commerce Bank, a subsidiary, has a 160-year history of providing financial solutions to individuals and businesses [2] Group 3: Financial Performance - For the third quarter of 2025, Commerce Bancshares reported earnings of $1.06 per share, an increase from $1.01 per share in the same quarter of the previous year [6] - Net income for the third quarter of 2025 was $141.5 million, compared to $138.0 million in the third quarter of 2024 [6] - For the nine months ended September 30, 2025, earnings per share totaled $3.18 [6] Group 4: Merger Activity - FineMark Holdings' shareholders have approved the merger agreement with Commerce Bancshares, marking a significant step in the strategic combination of the two institutions [7] - Over 83% of FineMark's issued and outstanding shares were represented at the special meeting for the merger approval [7]

Core Viewpoint - State Street Corporation is expanding its global presence by establishing a MENA regional headquarters in Riyadh, which aligns with its strategy for growth in key markets [1][6] Company Expansion - The new headquarters in Riyadh is expected to enhance State Street's service capabilities in the MENA region, reflecting the company's commitment to global growth and operational excellence [2][5] - Strategic initiatives, including the new headquarters, are anticipated to contribute to the company's long-term success in the financial services sector [5][6] Stock Performance - State Street's stock is currently priced at $117.23, with a recent increase of $1.11, or approximately 0.96%, and has reached a 52-week high of $118.30, indicating strong investor interest [3][4] - The company's market capitalization is approximately $33.08 billion, highlighting its significant presence in the industry [3] - TD Cowen has raised the price target for State Street from $133 to $135, reflecting optimism about the company's future performance [4][6] - The stock's trading volume of 946,569 shares indicates active investor engagement, with a low of $72.81 over the past year showcasing its recovery and growth potential [4]

Core Insights - First Western Financial, Inc. reported a net income of $3.2 million for Q3 2025, an increase from $2.5 million in Q2 2025 and $2.1 million in Q3 2024, reflecting improved profitability [3][7]. - The company experienced significant growth in total deposits, which rose by $320 million, or 12.6%, from $2.53 billion in Q2 2025 to $2.85 billion in Q3 2025 [7][22]. - Net interest income increased by $1.6 million, or 8.9%, from $17.9 million in Q2 2025 to $19.5 million in Q3 2025, driven by a rise in average interest-earning assets [7][13]. - Non-interest income also saw a rise of $0.5 million, or 7.9%, from $6.3 million in Q2 2025 to $6.8 million in Q3 2025, primarily due to increases in net gains on mortgage loans and fees [7][14]. - The efficiency ratio improved to 76.4% in Q3 2025 from 78.8% in Q2 2025, indicating better cost management [18]. Financial Performance - Total income before non-interest expense was $24.0 million for Q3 2025, up 7.1% from $22.4 million in Q2 2025, with gross revenue increasing by 8.7% to $26.3 million [9]. - The provision for credit losses was $2.3 million in Q3 2025, compared to $1.8 million in Q2 2025, reflecting a cautious approach to credit risk [29]. - The net interest margin decreased by 13 basis points to 2.54% from 2.67% in Q2 2025, attributed to a shift in the mix of interest-earning assets and an increase in the cost of funds [11][12]. Asset and Liability Management - Total loans held for investment increased by $50 million, or 2.0%, to $2.59 billion as of September 30, 2025, with growth in non-owner occupied commercial real estate and residential portfolios [21]. - Total assets reached $3.24 billion as of September 30, 2025, up from $3.03 billion in Q2 2025, indicating robust growth [42][44]. - The company’s borrowings from the Federal Home Loan Bank and Federal Reserve decreased to $50.9 million, down $112.5 million from $163.4 million in Q2 2025, reflecting strong deposit growth [23]. Credit Quality - Non-performing assets totaled $22.7 million, or 0.70% of total assets, as of September 30, 2025, an increase from $18.8 million, or 0.62%, in Q2 2025 [26]. - Non-performing loans increased to $18.3 million from $14.4 million in Q2 2025, primarily due to the addition of one credit relationship [28]. - The allowance for credit losses as a percentage of total loans increased from 0.75% to 0.81% during the quarter, reflecting a proactive stance on credit quality [29]. Capital Position - As of September 30, 2025, the company maintained a strong capital position, with Tier 1 capital to risk-weighted assets at 9.80% and total capital at 12.50% [30]. - Book value per common share increased by 1.1% from $26.64 in Q2 2025 to $26.92, and tangible book value per common share rose by 1.2% from $23.39 to $23.68 [30][31].

Core Insights - Prudential Financial, Inc. is a leading global financial services company with a market cap of $35.4 billion, offering a variety of insurance, investment management, and retirement-related products and services across multiple regions [1] Earnings Expectations - Prudential is expected to report Q3 earnings of $3.60 per share, reflecting a 3.5% increase from $3.48 per share in the same quarter last year [2] - For fiscal 2025, analysts project an EPS of $13.77, up 9.1% from $12.62 in fiscal 2024, with further growth expected in fiscal 2026 to $14.77 per share, representing a 7.3% annual increase [3] Stock Performance - Over the past 52 weeks, Prudential's stock has declined by 21.2%, underperforming the S&P 500 Index's 14.1% returns and the Financial Select Sector SPDR Fund's 9.6% increase [4] - The stock's poor performance is attributed to high interest rates, reduced investment spreads, and foreign exchange pressures affecting international operations [5] Analyst Ratings - Prudential holds a consensus "Hold" rating, with 19 analysts covering the stock; only two recommend "Strong Buy," while 15 suggest "Hold" and two advocate for "Strong Sell" [7] - Recent cautious outlooks from major Wall Street firms have contributed to a decline in investor confidence, with price targets set at $117 and $110 [6]

Core Insights - The Bank of New York Mellon Corp. reported third-quarter earnings that exceeded expectations, driven by rising global stock markets and higher asset valuations that strengthened fee income [1] - Assets under custody and administration increased by 11% year-over-year to $57.8 trillion as of September 30, attributed to client inflows and elevated market levels [1] Financial Performance - Total revenue rose by 9% to $5.08 billion, surpassing analyst expectations of $4.98 billion [3] - Net income attributable to common shareholders increased by 21% to $1.34 billion [3] - Adjusted diluted earnings per share were reported at $1.91, exceeding the consensus estimate of $1.77 [3] Fee Revenue and Market Conditions - Fee revenue increased by 7% to $3.64 billion, supported by a stronger equity market and a weaker dollar [2] - The S&P 500 index rose more than 13% year-to-date, contributing to the bank's improved financial performance [2] Business Drivers - Strong demand for asset servicing and growth in investment management fees continued to support performance across the bank's core businesses [4] - Provisions for credit losses were a net benefit of $7 million, reflecting an improved macroeconomic outlook, partially offset by higher reserves for commercial real estate exposure [3]

Core Insights - BlackRock is the world's largest asset manager, providing a wide range of financial services and products to institutional and retail clients globally [1] Earnings Expectations - BlackRock is set to release its quarterly earnings on October 14, 2025, with an expected earnings per share (EPS) of $11.53, slightly above analysts' forecast of $11.48, and a modest increase from $11.46 reported in the same period last year [2][6] - Projected revenue is approximately $6.28 billion, a significant rise from $5.2 billion a year ago, reflecting a year-over-year growth of around 20% [2][3][6] Financial Performance - The anticipated revenue growth is attributed to higher market levels and increased organic base fee revenue, along with benefits from technology services and subscriptions [3] - BlackRock's current market capitalization stands at $179 billion, with past year's revenues of $22 billion and net income of $6.4 billion, indicating strong financial health [3] Market Reactions - Despite positive projections, BlackRock's shares recently declined by 1.1%, closing at $1,166.23, amid reports of its Global Infrastructure Partners being in advanced talks to acquire Aligned Data Centers, potentially valuing the deal at $40 billion [4] - Goldman Sachs analyst Alexander Blostein maintains a Buy rating on BlackRock, reflecting confidence in the company's performance, supported by a P/E ratio of 28.18 and a debt-to-equity ratio of 0.34 [5][6]

Core Viewpoint - Two Registered Investment Advisors (RIAs), Greenspring Advisors and Wealthstream Advisors, are merging to form an employee-owned firm managing over $4 billion in private client assets, emphasizing accountability to employees and clients rather than external shareholders [1][2]. Company Overview - The newly formed Greenspring Advisors will manage a total of over $10 billion in assets, which includes $4.3 billion in private client assets and approximately $6 billion in institutional assets [2]. - The firm will have a team of 70 employees, with 23 owning equity in the company, and plans to increase employee ownership [3]. Strategic Focus - The merger aims to enhance the employee-owned structure by allocating more resources to the team, with a focus on building a contiguous operational region from New York to Maryland [5]. - Greenspring intends to develop the best training program in the RIA industry and prefers organic growth over mergers and acquisitions for talent development [6]. Specialization - Wealthstream specializes in financial planning and investment management for high-net-worth individuals and families, while Greenspring focuses on advisory services for institutions and retirement plan sponsors [4].