Latest news with #AssetManagement
Bloomberg
2 days ago
- Business
- Bloomberg
BC Partners Said to Ink $2.5 Billion Sale of Software Firm Navex
BC Partners has agreed to sell a majority stake in compliance software firm Navex to a consortium led by Goldman Sachs Asset Management in a deal valued at more than $2.5 billion, according to people familiar with the matter. Blackstone Inc. will also become a minority investor in Navex as part of the transaction, said the people, who asked not to be identified because the information is private. BC Partners, which is set to retain a stake as well, could announce a deal as soon as the next few days, the people said.
Yahoo
2 days ago
- Business
- Yahoo
Should You Count on Manulife for Reliable Dividends?
Manulife Financial Corporation (NYSE:MFC) is included among the . Image by Steve Buissinne from Pixabay Unlike sectors that are typically sensitive to interest rate changes, insurance companies such as Manulife often gain an advantage when rates rise. This is because higher interest rates lead to improved returns on the sizable investment portfolios these firms oversee. In the first quarter of 2025, Manulife Financial Corporation (NYSE:MFC) reported strong top-line performance, with double-digit growth in new business value across all insurance segments, highlighted by a 43% year-over-year increase in Asia. Its Global Wealth and Asset Management division posted a 24% rise in core earnings, improved its core EBITDA margin by 290 basis points, and achieved positive net flows. In addition, the completion of a second long-term care reinsurance transaction underscored the company's disciplined execution and ongoing commitment to creating sustainable value for shareholders. Manulife Financial Corporation (NYSE:MFC) currently offers a quarterly dividend of $0.44 per share, having raised it by 10% in February this year. Through this increase, the company stretched its dividend growth streak to 12 years. The stock has a dividend yield of 4.19%, as of July 15. While we acknowledge the potential of MFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
The Goldman Sachs Group Inc (GS) Q2 2025 Earnings Call Highlights: Record Revenues and ...
Net Revenues: $14.6 billion for the second quarter. Earnings Per Share (EPS): $10.91. Return on Equity (ROE): 12.8% for the quarter, 14.8% for the first half of the year. Global Banking and Markets Revenues: $10.1 billion for the quarter. Advisory Revenues: $1.2 billion, up 71% year-over-year. Equity Underwriting Revenues: $428 million, flat year-over-year. Debt Underwriting Revenues: $589 million, down 5% year-over-year. FICC Net Revenues: $3.5 billion, up 9% year-over-year. Equities Net Revenues: $4.3 billion, a record for the quarter. Asset and Wealth Management Revenues: $3.8 billion. Management and Other Fees: $2.8 billion, up 11% year-over-year. Private Banking and Lending Revenues: $789 million, up 12% year-over-year. Total Assets Under Supervision: $3.3 trillion, a record high. Alternative Assets Under Supervision: $355 billion. Net Interest Income: $3.1 billion for the second quarter. Total Loan Portfolio: $217 billion at quarter-end. Operating Expenses: $9.2 billion for the quarter. Effective Tax Rate: 20.2% for the first half of 2025. Capital Returned to Shareholders: $4 billion, including $957 million in dividends and $3 billion in stock repurchases. Common Equity Tier 1 Ratio: 14.5% at the end of the second quarter. Warning! GuruFocus has detected 10 Warning Signs with GS. Release Date: July 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points The Goldman Sachs Group Inc (NYSE:GS) reported strong financial performance in Q2 2025 with net revenues of $14.6 billion and earnings per share of $10.91. The company's Investment Banking division saw a 30% year-over-year increase in announced M&A volumes, indicating a resilient dealmaking environment. Asset and Wealth Management achieved record client assets of $1.7 trillion, with continued momentum in alternatives and long-term fee-based net inflows. The firm set a new record for total assets under supervision at $3.3 trillion, marking the 30th consecutive quarter of long-term fee-based net inflows. The Board approved a 33% increase in the quarterly dividend, reflecting confidence in the firm's financial durability and commitment to returning capital to shareholders. Negative Points Despite strong performance, there is ongoing uncertainty in industries sensitive to trade policy, which could impact future results. The company faces challenges in the harvesting environment for private equity-type portfolio assets, which may affect future returns. Geopolitical concerns, particularly in the Middle East, and unresolved trade agreements pose risks to the global economic outlook. The firm is navigating a complex regulatory environment, with ongoing discussions around capital requirements and stress testing transparency. There is a need for more transparency in the capital process, which currently lacks clarity and affects strategic planning. Q & A Highlights Q: What will Goldman Sachs do with its excess capital now that regulatory reforms have been implemented? A: David Solomon, Chairman and CEO, stated that the first priority is to deploy capital towards client franchises to produce accretive returns and support client activity. Opportunities are seen in M&A and financing. After that, the focus will be on returning capital to shareholders through dividends and buybacks. Q: How is Goldman Sachs handling the challenging environment for harvesting historical principal investments? A: Denis Coleman, CFO, explained that while asset prices and credit markets are improving, the environment for harvesting private equity-type assets remains challenging. The firm is committed to reducing historical principal investments, which now stand at about $8 billion, and will continue to do so as market conditions allow. Q: What is Goldman Sachs' approach to capital deployment opportunities, particularly regarding inorganic acquisitions? A: David Solomon emphasized that while the firm is always looking for ways to accelerate its franchise, especially in Asset and Wealth Management, the bar for significant acquisitions is very high. Opportunities must align with strategic priorities and offer a high level of confidence in the people and cultural fit. Q: How does Goldman Sachs view the impact of AI on efficiency and growth? A: David Solomon highlighted that AI presents a significant opportunity to automate processes, create efficiency, and drive productivity. The firm is investing in AI to enhance software development and client service, which will lead to both cost savings and growth opportunities. Q: What is Goldman Sachs' outlook on M&A activity, and what gives them confidence in this area? A: David Solomon noted that announced M&A is up 30% year-over-year, and the backlog driven by Advisory growth is strong. The level of dialogue with clients has increased significantly, and there is confidence in regulatory environments allowing for significant industry consolidation. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
4 days ago
- Business
- Finextra
Cathay United Bank partners Avaloq to establish onshore private bank in Taiwan
Taiwan has launched a new Asset Management Hub in Kaohsiung to accelerate the development of onshore private banking and strengthen its position as a regional wealth management centre. 0 As the first bank to establish private banking operations under this initiative, Cathay United Bank, in partnership with its longstanding technology provider Avaloq, is helping to shape the future of onshore private banking in Taiwan. Headquartered in Taipei, Cathay United Bank is a leading financial institution in Taiwan with a strong track record in wealth management. Following the liberalization of local regulations, the bank partnered with Avaloq in 2020 to help establish Taiwan's onshore and offshore private banking sector, leveraging the Avaloq platform's core banking capabilities to enhance operational efficiency and client service. Building on this foundation, the Financial Supervisory Commission (FSC) has now introduced an Asset Management Hub in Kaohsiung to promote the development of Taiwan's onshore wealth management and private banking industry. The initiative is designed to foster homegrown expertise and allows financial institutions to offer a wide range of banking and investment services, including active ETFs and passive multi-asset ETFs, consultancy for family offices and high-value insurance products. Cathay United Bank is taking a pioneering role as the first financial institution to establish private banking operations in the new Kaohsiung Asset Management Hub. The bank is working closely with Avaloq to set up a new booking centre and operational base in Kaohsiung, delivering tailored private banking services to high-net-worth individuals across Taiwan. As a leader in wealth management technology and services, Avaloq has been instrumental in enabling financial institutions across Asia to scale their operations and meet evolving client needs. With over 40 years of experience in wealth management and private banking technology, Avaloq is ideally positioned to support Cathay United Bank's expansion into this new onshore business. Avaloq will provide end-to-end support for Cathay United Bank's private banking operations in Kaohsiung, enhancing operational efficiency across the front, middle, and back office through high straight-through processing (STP) and data consistency. In addition, the Avaloq platform will provide front-office automation, supporting the bank's portfolio management, client relationship management, and client lifecycle management, while ensuring seamless integration with the bank's existing systems. These capabilities will help Cathay United Bank streamline operations, supporting revenue growth and enabling more personalized client service. Robert Fuh, Chief Executive Officer of Private Banking at Cathay United Bank, said: 'Our partnership with Avaloq has played a key role in expanding our wealth management capabilities in Taiwan, Hong Kong and Singapore. We are proud to be the first bank to establish onshore private banking operations in the new Kaohsiung Asset Management Hub, demonstrating our leadership in the Taiwanese financial sector and to serving the needs of Taiwanese investors. We thank the Financial Supervisory Commission (FSC) for this forward-looking initiative, which will help drive growth in Taiwan's financial sector and deliver greater value for investors.' Eliza Chang, Regional Director for North Asia at Avaloq: 'The establishment of the new Asset Management Hub in Kaohsiung marks a significant milestone for Taiwan, and we are delighted to support Cathay United Bank as a pioneer in Taiwan's new onshore private banking sector. We have a strong track record in enabling and developing Cathay United Bank's wealth management operations both onshore and offshore – and this marks an exciting new chapter in our partnership. Our community of clients can depend on our industry expertise, leading platform and understanding of local regulations to support their growth and help them respond quickly to evolving market demands.'
Bloomberg
4 days ago
- Business
- Bloomberg
CPI Shows Beginnings of Tariff Inflation: JPM's Kelly
David Kelly, chief global strategist at JPMorgan Asset Management, says the Federal Reserve has to 'stay on their guard' as he examines the US June CPI report. (Source: Bloomberg)
