Latest news with #FinancialMarkets
Yahoo
2 days ago
- Business
- Yahoo
SPY Attracts $1.8B as S 500 Hits New Closing Record
The SPDR S&P 500 ETF Trust (SPY) pulled in $1.8 billion Thursday, bringing its assets under management to $641.9 billion, according to data provided by FactSet. The inflows came as the S&P 500 added 0.5% to reach a record close and the Nasdaq Composite advanced 0.7% following better-than-expected retail sales data and strong earnings reports. The iShares Bitcoin Trust ETF (IBIT) attracted $763.9 million, while the Financial Select Sector SPDR Fund (XLF) collected $548.9 million. The iShares Ethereum Trust ETF (ETHA) gained $499.3 million, and the iShares Core MSCI EAFE ETF (IEFA) pulled in $460.8 million. The Vanguard Long-Term Corporate Bond ETF (VCLT) saw outflows of $3.1 billion, while the Vanguard Total Stock Market ETF (VTI) lost $1.2 billion. The Vanguard Mid-Cap ETF (VO) experienced outflows of $770.9 million. U.S. equity ETFs attracted $313.4 million for the day, while U.S. fixed-income ETFs lost $2.8 billion. Currency ETFs pulled in $1.5 billion. Overall, ETFs saw outflows of $555 million for the day as initial jobless claims fell to 221,000. Track real-time ETF inflows and outflows for all tickers using ETF Fund Flows tool. Top 10 Creations (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 1,779.21 641,939.06 0.28% IBIT iShares Bitcoin Trust ETF 763.90 86,734.86 0.88% XLF Financial Select Sector SPDR Fund 548.91 51,121.07 1.07% ETHA iShares Ethereum Trust ETF 499.25 7,733.77 6.46% IEFA iShares Core MSCI EAFE ETF 460.76 141,947.73 0.32% VOO Vanguard S&P 500 ETF 420.33 697,136.29 0.06% XLK Technology Select Sector SPDR Fund 400.95 82,156.86 0.49% PAAA PGIM AAA CLO ETF 268.28 3,898.45 6.88% TCAF T. Rowe Price Capital Appreciation Equity ETF 203.71 5,142.83 3.96% VEA Vanguard FTSE Developed Markets ETF 179.17 163,244.31 0.11% Top 10 Redemptions (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change VCLT Vanguard Long-Term Corporate Bond ETF -3,102.28 6,558.99 -47.30% VTI Vanguard Total Stock Market ETF -1,190.82 505,936.78 -0.24% VO Vanguard Mid-Cap ETF -770.90 84,422.99 -0.91% SPYV SPDR Portfolio S&P 500 Value ETF -627.11 26,821.11 -2.34% SECT Main Sector Rotation ETF -504.99 2,122.11 -23.80% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -474.90 27,446.88 -1.73% XLY Consumer Discretionary Select Sector SPDR Fund -263.40 22,290.72 -1.18% VOT Vanguard Mid-Cap Growth ETF -262.69 17,381.95 -1.51% SMH VanEck Semiconductor ETF -260.49 27,392.36 -0.95% GLD SPDR Gold Shares -244.93 101,341.61 -0.24% ETF Daily Flows By Asset Class Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 0.84 10,253.74 0.01% Asset Allocation -17.89 25,367.73 -0.07% Commodities ETFs -266.40 222,357.52 -0.12% Currency 1,507.37 177,239.35 0.85% International Equity 690.92 1,886,748.01 0.04% International Fixed Income 172.86 306,054.36 0.06% Inverse -51.09 14,182.46 -0.36% Leveraged -123.55 147,039.35 -0.08% US Equity 313.36 7,205,653.55 0.00% US Fixed Income -2,781.41 1,697,785.62 -0.16% Total: -554.98 11,692,681.70 0.00% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
Forbes
3 days ago
- Business
- Forbes
Lenders' Cure In The Customer Lifecycle
Credit Score Data As a series of compounding pressures challenge lenders heading into the back half of 2025, risk managers are becoming increasingly aware that they're attempting to meet lending goals using credit data which is gradually declining in coverage and predictive strength. 'To stay competitive, lenders need to incorporate a broader set of alternative data into their risk assessment process to fill the gaps in traditional credit data,' Kevin King, vice president of credit risk at LexisNexis Risk Solutions, told me in an interview. 'According to our research, traditional methods fail to evaluate over 25% of today's consumer credit applicants. This creates a tremendous opportunity for lenders who are willing and able to further refine their decision strategies,' he added. Industry Analyst firm Datos Insights found that compared to a year ago, lenders are now 59% less confident in their ability to compete when making consumer lending decisions based on traditional credit data alone. This decline in confidence reflects the growing visibility gaps created by regulatory changes, increased use of non-reported financial products and shifts in credit reporting practices. A key challenge has emerged – the limited view of true consumer credit risk. This gap is further complicated by credit invisible consumers (those lacking a traditional credit file), limited access to alternative information (data sources that can enhance risk models) and rising fraud rates. Without insights into negative payment history, delinquency data and consumer population information, lenders risk falling behind in a fast-changing market. To date, 2025 has proven to be a year of unexpectedly heavy challenges for consumers' credit stability. Improved economic conditions have yet to materialize, while resumed student loan obligations add significant pressure on tens of millions of borrowers. This has coincided with a continuing evolution in consumer credit preferences, as the popularity of Buy-Now-Pay-Later (BNPL) loans has deepened, if not significantly broadened, in recent years and is largely untraceable through credit reporting data. A recent Prosper Insights & Analytics survey underscores some of these consumer financial pressures – with roughly a third of responding consumers across all age segments saying they planned to reduce spending in the next three months. Prosper - Personal Financial Plans The same survey saw consumers state that over half of their planned use of credit products would focus on life essentials like food, shelter, and medical bills, with discretionary spending on items like travel and entertainment making up a far smaller portion of expected spending. Prosper - Contributes Most To Credit Card Debt As ever, competitive pressures continue to weigh on risk managers – with bookings, profitability and loss goals only growing despite an increasingly crowded market of financial institutions, fintechs and BNPL players vying to meet consumer credit needs. Against the backdrop of shifting consumer behaviors and pressures, growing portfolio size and profitability have been further complicated by the declining coverage and predictive strength of traditional credit data. This well-documented issue still requires the need for lenders to look at the tradeline credit data leveraged in credit scores and reports risk managers have used for decades but notably expands the need to build upon those data sources with alternative credit data. For the past 15 years, many lenders have thought of alternative credit data strictly through the lens of financial inclusion – a use case where established data sources continue to deliver significant value. But evolutions in alternative data solutions, particularly those that aggregate a broad set of consumer insights spanning from improved views into short and long-term credit signals, have allowed risk managers to recapture much of the signal that has been lost from traditional credit data when evaluating consumers with established credit profiles. 'LexisNexis Risk Solutions' Global Consumer Lending Confidence Report revealed that compared to a year ago, 88% of US lenders are more confident in using alternative credit data. This shift underscores the industry's recognition that conventional data alone doesn't meet the demands of today's market,' says King. Alternative credit data helps close visibility gaps by providing lenders with a more holistic view of consumer credit health. It includes life event indicators such as professional licenses, asset ownership and public records, as well as credit-seeking behavior from online and short-term lending sources. In some cases, it also captures digital activity, offering insight into financial intent where traditional indicators fall short. Viewed through the eyes of lenders looking to meet portfolio targets over the next 36 months, the ability of alternative credit data to provide reliable, value-added insights on the majority of consumers – and to do so across the entire customer journey – is essential. Once seen primarily as a tool for promoting financial inclusion, modern alternative credit data now enhances decision-making for consumers with both limited and established credit histories. Equally important to help lenders meet today's challenges is alternative credit data's expansion across all stages of the customer lifecycle. Once strictly viewed as a tool for underwriting, the most mature solutions now deliver consistent, actionable insights into consumer behaviors that traditional credit reports often miss, from customer acquisition and onboarding to account management and collections. Finally, alternative credit data has emerged in 2025 as a highly effective tool in combatting credit abuse – often referred to as first-party fraud – now the leading global fraud type according to the latest Cybercrime Report. This challenge, characterized by consumers who provide their true identity information but fully intend on defaulting when they apply for new accounts, has been a large and expanding gap in risk defenses for over a decade. Now, powerful new alternative credit insights, which offer lenders both the ability to identify and automatically decline high-risk applicants, are providing critical protection against first-party fraud. The world of alternative credit data continues to evolve and exciting new insights such as cash flow data speak to its long-term potential. Yet, lenders would be wise not to overlook their ability to serve as a lighthouse in navigating the foggy risk landscapes of 2025 and 2026.
Globe and Mail
4 days ago
- Business
- Globe and Mail
Barclays Reaffirms Their Buy Rating on Iovance Biotherapeutics (IOVA)
Barclays analyst Peter Lawson maintained a Buy rating on Iovance Biotherapeutics today and set a price target of $4.00. The company's shares closed yesterday at $2.01. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Lawson covers the Healthcare sector, focusing on stocks such as Exelixis, Blueprint Medicines, and Kura Oncology. According to TipRanks, Lawson has an average return of -7.3% and a 38.31% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Iovance Biotherapeutics with a $10.00 average price target, representing a 397.51% upside. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $20.00 price target. IOVA market cap is currently $624.5M and has a P/E ratio of -1.63. Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IOVA in relation to earlier this year. Last month, Daniel Gordon Kirby, the CCO of IOVA bought 30,000.00 shares for a total of $55,200.00.
Gulf Business
4 days ago
- Business
- Gulf Business
ANAX Capital commits to deliver smarter trading suite for UAE, global Investors
Image credit: Supplied photos ANAX Capital Financial Markets LLC, is strengthening its position as a player in the regional and global trading space. The firm reaffirmed its commitment to delivering a seamless, secure trading experience backed by advanced technology, regulatory compliance, and a client-first service model. The entity is a First Category license holder regulated by the UAE Securities and Commodities Authority (SCA License No. 20200000258), Founded earlier this year, ANAX Capital has attracted attention from institutional and active investors alike, drawn by its institutional-grade infrastructure and governance standards. Image credit: Supplied With a paid-up capital of Dhs30m, the firm offers access to a diverse array of asset classes, including Forex, Precious Metals, and Contracts for Difference (CFDs), enabling clients to trade with flexibility and confidence. 'We have seen strong early momentum, driven by investors who recognise the value of working with a regulated, client-first trading provider,' said Tabinda Sanpal, founder and director of ANAX Capital. 'Our platform is designed to support a wide range of trading strategies, whether clients are just getting started or managing sophisticated portfolios.' Tailored product suite for modern traders ANAX Capital's product offerings are designed to meet the demands of today's evolving markets: Forex t rading : Clients can trade major currency pairs such as EUR/USD, GBP/USD, and USD/JPY with competitive spreads and fast execution. Precious m etals : Spot contracts, futures, and ETFs in gold and silver offer a hedge against market volatility and inflation. CFDs : The firm offers CFDs on indices, equities, and commodities, allowing for both long and short positions, supported by advanced analytics and risk tools. Exchange- t raded p roducts : Direct market access to trade Futures and Options on major US indices, energy products, and metals gives clients broader global exposure. Cash e quities : Investors can also trade shares across major global exchanges, adding further diversification potential to their portfolios. COO Mitul Kapadia emphasised the firm's client empowerment initiatives, noting that ANAX Capital is preparing to launch educational webinars and seminars to help individuals make informed decisions. 'We've built a secure and intuitive platform that gives traders access to a broad range of products,' Kapadia said. 'Our upcoming educational initiatives will help people understand not just how to trade, but when—or if—they should be trading. Sometimes, the smartest financial decision is to stay out of certain markets entirely.' Positioned for long-term growth in the region Operating from its headquarters at Aspin Commercial Tower on Sheikh Zayed Road, ANAX Capital aims to serve as a long-term financial partner for investors in the UAE and beyond. The firm's commitment to transparency, strong governance, and regulatory alignment is central to its growth strategy. With its client-centric approach and robust product offering, ANAX Capital is positioning itself as a forward-thinking leader in the Middle East's growing financial services sector.
Yahoo
4 days ago
- Business
- Yahoo
State Street Corp (STT) Q2 2025 Earnings Call Highlights: Record AUM and Dividend Increase Amid ...
Earnings Per Share (EPS): Reported EPS of $2.17, up from $2.15 in the prior year period. Excluding notable items, EPS grew 18% year over year to $2.53. Revenue: Total revenue increased 9% year over year, with fee revenue up 12%, both excluding notable items. Pretax Margin: Increased to nearly 30%, excluding notable items. Return on Tangible Common Equity (ROTCE): Achieved approximately 19%, excluding notable items. Assets Under Management (AUM): Exceeded $5 trillion, marking a 17% increase year over year. Assets Under Custody/Administration (AUC/A): Reached a record $49 trillion, up 11% year over year. FX Trading Revenue: Increased 27% year over year, excluding notable items, driven by record client volumes. Securities Finance Revenue: Increased 17% year over year. Net Interest Income (NII): $729 million, down 1% year over year but up 2% sequentially. Capital Return: Over $500 million in the second quarter and over $800 million year-to-date. Dividend Increase: Announced intention to increase quarterly dividend by 11% to $0.84 per share, subject to Board approval. Expense Savings: Generated over $1 billion in expense savings over the last three years, with a target of $1.5 billion by year-end 2025. Servicing Fee Revenue Wins: $145 million in new servicing fee revenue wins, with a full-year target of $350 million to $400 million. Management Fees: Increased 10% year over year, driven by higher average market levels and prior period net inflows. Software and Processing Fees: Increased 19% year over year, excluding notable items. Warning! GuruFocus has detected 8 Warning Signs with STT. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Release Date: July 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. State Street Corp (NYSE:STT) reported strong financial performance with a 12% increase in fee revenue and a 9% increase in total revenue year over year, excluding notable items. The company achieved a record $5 trillion in assets under management (AUM) and generated over $80 billion in net inflows during the quarter. State Street Corp (NYSE:STT) delivered a near-record quarter for sales and investment services, securing over $1 trillion in new asset servicing wins. The FX trading business recorded its best quarter since 2020, with significant year-over-year increases in both FX trading and security finance revenues. The company announced an 11% increase in its quarterly per share common stock dividend, reflecting strong financial health and commitment to returning capital to shareholders. State Street Corp (NYSE:STT) recognized $138 million in notable items, including a $100 million repositioning charge related to severance of approximately 900 employees. Net interest income (NII) was down 1% year over year, primarily due to lower average short-end rates and changes in deposit mix. Expenses increased 6% year over year, excluding notable items, driven by higher performance and revenue-related costs and currency translation impacts. The company faces challenges from geopolitical and economic uncertainties, which could impact future financial performance. Despite strong sales momentum, the company acknowledged potential variability in deposit balances and market conditions that could affect future revenue. Q: Can you elaborate on the factors driving the updated fee revenue guidance and the timing of new business installations? A: Ron O'Hanley, Chairman and CEO, explained that the pace of sales remains strong, with a target of $350 million to $400 million in servicing fees. Approximately half of the record $440 million in fees to be installed will occur this year. The growth is driven by organic elements, including asset management and market investments, alongside constructive market conditions. Q: How does the recent client contract rescoping impact future business, and are there any similar issues anticipated? A: Ron O'Hanley stated that no similar issues are anticipated. The rescoping was specific to a software client contract and did not affect servicing fee revenue or assets to be installed. The client remains important, and the interoperability of their Alpha platform allows continued service provision. Q: What is the outlook for net interest income (NII) given the current market conditions? A: Mark Keating, Interim CFO, noted that the NII guide remains roughly flat year-over-year, with some variability due to rates and deposit mix. Despite a slight decline in the first half of 2025, they are on track to meet the guidance, supported by factors like deposit levels and loan growth. Q: Can you discuss the strategic approach to mergers and acquisitions (M&A) in light of recent market rumors? A: Ron O'Hanley emphasized that while they have confidence in organic growth, M&A is considered a complement to their strategy with a high bar for shareholder value. Recent focus has been on capability-building investments, and they remain open to evaluating opportunities that align with their strategic goals. Q: How is the asset management business performing, particularly in the institutional channel? A: Ron O'Hanley highlighted record net inflows in the institutional channel, driven by innovative products and partnerships, especially in defined contribution. A large mandate from an existing client in Asia Pacific also contributed to the strong performance, indicating a positive trend in organic growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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