Latest news with #bankloans
Bloomberg
30-06-2025
- Business
- Bloomberg
Hong Kong Builder Emperor Shares Drop After It Says Debt Overdue
Hong Kong developer Emperor International Holdings Ltd. shares fell the most this year Monday after it reported overdue bank loans and said it's talking to banks on a restructuring plan. The real estate firm had more than HK$16.6 billion ($2.1 billion) overdue as of March 31 'and/or the Group has breached certain terms of the loan agreements,' according to a filing to the Hong Kong stock exchange late Friday. 'The banks may request immediate repayment of these bank borrowings,' the company said in the filing.
Yahoo
29-06-2025
- Business
- Yahoo
Stifel Reports Y/Y Rise in Client & Fee-Based Assets for May 2025
Stifel Financial Corp. SF reported key operating results as of May 31, 2025, highlighting year-over-year increases in client and fee-based assets, despite volatility in equity markets. The company's total client assets increased 8% year over year and 3% from the prior month's level in May 2025, reaching $501.4 million. This is driven by market appreciation and the successful recruitment of financial advisors. Fee-based client assets rose 13% year over year and 4% sequentially in May to $199.1 million. Private Client Group's fee-based client assets were $173.6 million as of May 31, 2025, up 12% from the year-ago quarter and 5% from the previous month's level. Bank loans, net (including loans held for sale), were $21.2 million as of May 2025, up 7% year over year but down 2% sequentially. Client money market and insured product balances decreased 2% on a year-over-year basis and nearly 1% on a sequential basis in May due to a lower Smart rate balance, as the Sweep deposit balance also witnessed a slight decline. SF's May total client assets and fee-based assets increased, indicating strong growth in client engagement and portfolio value. Further, a rise in bank loans, net, implies a positive trend in lending activities and revenue growth from this segment. However, declining client money market and insured product balances suggest a decline in liquidity and possibly a negative market perception. In April, the investment banking activity was negatively affected by the market volatility. However, as the market stabilized, its momentum increased, and the investment banking pipeline strengthened throughout the quarter. Though IB revenue is expected to decrease in the second quarter of 2025, management remains cautiously optimistic for the full year 2025. In the past year, Stifel shares have risen 25.5% underperforming the industry's rise of 40.6%. Image Source: Zacks Investment Research Currently, SF carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. LPL Financial LPLA witnessed a rise in total brokerage and advisory assets in May 2025. The metric was $1.85 trillion, which grew 3.7% from the prior month and 26.5% year over year. LPLA reported a total client cash balance of $49.2 billion in May, down 5% from the prior month but up 10.6% from May 2024. Of the total balance, $33.4 billion was insured cash, $10.6 billion was deposit cash, and the remainder consisted of money-market sweep and client cash balances. Charles Schwab SCHW also released its monthly activity report for May 2025. The company's total client assets were $10.35 trillion, up 12.4% from May 2024 and 4.6% from April 2025. SCHW's Client assets receiving ongoing advisory services were $5.24 trillion, growing 12.6% from the year-ago period and 3.9% from the prior month. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Stifel Financial Corporation (SF) : Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
27-06-2025
- Business
- Globe and Mail
Stifel Reports Y/Y Rise in Client & Fee-Based Assets for May 2025
Stifel Financial Corp. SF reported key operating results as of May 31, 2025, highlighting year-over-year increases in client and fee-based assets, despite volatility in equity markets. Breakdown of SF's May Operating Results The company's total client assets increased 8% year over year and 3% from the prior month's level in May 2025, reaching $501.4 million. This is driven by market appreciation and the successful recruitment of financial advisors. Fee-based client assets rose 13% year over year and 4% sequentially in May to $199.1 million. Private Client Group's fee-based client assets were $173.6 million as of May 31, 2025, up 12% from the year-ago quarter and 5% from the previous month's level. Bank loans, net (including loans held for sale), were $21.2 million as of May 2025, up 7% year over year but down 2% sequentially. Client money market and insured product balances decreased 2% on a year-over-year basis and nearly 1% on a sequential basis in May due to a lower Smart rate balance, as the Sweep deposit balance also witnessed a slight decline. Final Words on Stifel SF's May total client assets and fee-based assets increased, indicating strong growth in client engagement and portfolio value. Further, a rise in bank loans, net, implies a positive trend in lending activities and revenue growth from this segment. However, declining client money market and insured product balances suggest a decline in liquidity and possibly a negative market perception. In April, the investment banking activity was negatively affected by the market volatility. However, as the market stabilized, its momentum increased, and the investment banking pipeline strengthened throughout the quarter. Though IB revenue is expected to decrease in the second quarter of 2025, management remains cautiously optimistic for the full year 2025. SF's Zacks Rank & Price Performance In the past year, Stifel shares have risen 25.5% underperforming the industry 's rise of 40.6%. Currently, SF carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Finance Stocks in May LPL Financial LPLA witnessed a rise in total brokerage and advisory assets in May 2025. The metric was $1.85 trillion, which grew 3.7% from the prior month and 26.5% year over year. LPLA reported a total client cash balance of $49.2 billion in May, down 5% from the prior month but up 10.6% from May 2024. Of the total balance, $33.4 billion was insured cash, $10.6 billion was deposit cash, and the remainder consisted of money-market sweep and client cash balances. Charles Schwab SCHW also released its monthly activity report for May 2025. The company's total client assets were $10.35 trillion, up 12.4% from May 2024 and 4.6% from April 2025. SCHW's Client assets receiving ongoing advisory services were $5.24 trillion, growing 12.6% from the year-ago period and 3.9% from the prior month. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Charles Schwab Corporation (SCHW): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA): Free Stock Analysis Report
Khaleej Times
26-06-2025
- Automotive
- Khaleej Times
What is the best method of buying a car in the UAE?
For many UAE residents, it's hard to get by without a car. Whether you opt for a new one or a pre-owned vehicle, you need to figure out the best way to pay for it. From a bank loan to a finance package from the dealer, it's worth weighing up your options. You also have the choice of buying a car versus leasing, but I will save that for another article. Bank loans Let's start with a bank loan. This is often most people's first option – to approach their existing bank and ask for a loan to buy the car. 'Banks are often the most competitive financing option, particularly if the buyer has a strong credit profile (reputable employer, lengthy employment period, good income, limited liabilities and no history of defaults). Though it does take a scan to find the most attractive bank for the particular buyer,' said Imad Hammad, Founder and CEO of CarSwitch. Other finance experts agree. But is it trickier when you are buying a second-hand car? 'In the UAE, car financing is predominantly driven by bank loans, particularly for second-hand vehicles, which constitute a rapidly expanding segment of the market,' said Neeraj Gupta, CEO at Policybazaar UAE. 'The growing second-hand car ecosystem has triggered a parallel rise in used car financing, with banks adapting to serve this segment more effectively.' And how do Islamic financing options differ from conventional car loans when buying a vehicle in the UAE? From a consumer standpoint, Islamic and conventional financing are quite similar in terms of the customer journey. The key distinction lies in the requirement of Takaful (Islamic insurance) instead of conventional insurance. In Takaful, participants pool their contributions to mutually protect each other against loss or damage, based on ethical principles that align with Shariah. So the difference is largely structural rather than experiential. Credit cards An interesting recent trend is paying for the car with a credit card, especially those with interest-free periods, as an alternative to traditional financing. 'Sometimes it's used in conjunction with financing to cover the initial downpayment, other times it's to purchase directly from an end user who wants a cash deal (usually cheaper than buying from a dealership) especially for lower value cars,' explained Hammad. This supports a more cost-conscious trend as buyers gravitate towards used cars, sold from private individuals for the best deal, and leverage credit cards to manage the payments. Dealerships Dealership financing and leasing are available and continue to gain traction, especially for new vehicles. However, consumers generally gravitate towards banks due to the competitive interest rates, structured tenures, and broader financing options they provide, according to finance experts. They warn buyers to look out for dealership financing offers that advertise zero per cent interest or no down payment. 'Financing deals that advertise zero per cent interest often include hidden costs, either in the form of inflated car prices or bundled insurance add-ons,' said Gupta. 'So, while the sticker offer may look cheaper, the total cost of ownership might be higher. Transparency in pricing and reading the fine print are essential to identifying the most economical choice.' If you already own a car, one option may be to trade it in with the dealership, or sell it yourself privately on the numerous car-selling portals like Dubizzle, Carbuyingpeople and SellyAnyCar. Ask the dealer first what trade-in price they will offer and then compare it with what you'd get from a car-selling platform. Credit scores In the UAE, credit scores and employment status play a central role in car loan approvals and the applicable interest rate. A strong credit history with a consistent repayment track record can significantly increase approval chances and unlock preferential interest rates. Financial institutions rely heavily on the Etihad Credit Bureau (ECB) reports, and a poor score can either lead to higher rates or rejection. You can now get your credit score instantly on your phone by using the DubaiNow app, thanks to a partnership with the ECB. The cheapest option? The cheapest financing option depends on multiple factors - primarily your credit score, down payment capacity, and vehicle choice (new versus used). In many cases, a bank loan with a solid credit profile and a sizeable upfront down payment tends to be the most cost-effective route. 'For buyers with excellent credit history, some banks even offer promotional low-rate loans that are more affordable than dealership offers, especially when factoring in the actual vehicle value and long-term costs,' added Gupta. And don't forget to compare insurance plans online before making a decision. Online platforms offer the ability to evaluate policies from multiple insurers, customise coverage based on individual needs, and avoid inflated premiums or unnecessary add-ons. This level of transparency and flexibility is typically not always available when purchasing insurance through dealerships.
Bloomberg
28-05-2025
- Business
- Bloomberg
The $135 Billion Bond Market Luring Issuers Too Risky for Banks
Oil and coal issuers struggling to get bank loans are increasingly turning to a little-known corner of the bond market hidden away in one of the planet's greenest economic zones. When Australia-based Pembroke Resources experienced 'a gap in funding' earlier this year, the specialist in steelmaking coal turned to the €120 billion ($135 billion) Nordic corporate bond market where it successfully raised debt, Chief Executive Officer Barry Tudor said in an interview.
