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2 hours ago
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Freedom Holding Corp.: S&P Global Ratings Upgrades Outlook on Key Operating Subsidiaries to "Positive" on Strengthened Risk Management and Compliance
ALMATY, Kazakhstan, June 28, 2025 /PRNewswire/ -- International credit rating agency S&P Global Ratings has revised the outlook on Freedom Holding Corp.'s core operating subsidiaries from "Stable" to "Positive," while affirming their credit ratings at 'B+/B'. The revised outlook applies to Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC. The rating of the parent company, Freedom Holding Corp., was affirmed at 'B-' with a Stable outlook. Positive Outlook: recognition of systemic progress The revised outlook reflects Freedom Holding's significant achievements in consolidating and enhancing its risk management and compliance functions across the organization. Over the past two years, the group has implemented a centralized risk management policy, adopted unified risk appetite standards, established a compliance project management office, and expanded its oversight team to include 129 risk specialists and 162 compliance professionals operating across 22 jurisdictions. "We've come a long way — turning fragmented control functions into a unified, centralized system at the group level. This decision reflects the maturity of our governance model," commented CEO Timur Turlov. Focus on resilience: lower risk and balanced growth The holding's overall capitalization strengthened in fiscal year 2025. Its risk-adjusted capital (RAC) ratio rose from 11.6% to around 13%, supported by moderate balance sheet growth, a decline in economic and industry risks in Kazakhstan, and a resilient brokerage business. As of March 2025, Freedom Group serves around 5 million customers, including over 4.4 million financial clients, with its SuperApp becoming a key digital tool for users' day-to-day financial activities. Market leadership in Kazakhstan, growth in Europe S&P highlighted Freedom's continued leadership in Kazakhstan's retail brokerage sector, serving approximately 683,000 clients worldwide, of whom over 151,000 executed at least one trade in the last quarter of FY2025. The group is also expanding its presence in Europe, with 391,000 clients via its Cyprus-based subsidiary and offices in 10 EU countries. The holding company continues to invest in the telecom segment and maintains a sustainable business model supported by income from brokerage operations. About Freedom Holding Corp. Freedom Holding Corp. is an international financial and technology group listed on the Nasdaq (ticker: FRHC). The company offers investment, banking, insurance, and digital services through its integrated platform, Freedom SuperApp. The group operates in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC). Contact Public RelationsNatalia KharlashinaFreedom Holding Logo - View original content to download multimedia: SOURCE Freedom Holding Corp.
Yahoo
4 hours ago
- Business
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Bold Prediction: 2 Bank Stocks That Will Be Worth More Than JPMorgan Chase 20 Years From Now
JPMorgan Chase is the largest bank by market capitalization in the United States. Capital One has grown impressively, and has superior margins and some big potential catalysts. SoFi has massive potential to grow and monetize its customer base. 10 stocks we like better than Capital One Financial › JPMorgan Chase (NYSE: JPM) is a massive financial institution with more assets than any other U.S. bank and an $804 billion market cap. To be perfectly clear, it is a remarkable business with fantastic leadership. Having said that, while I think JPMorgan Chase will continue to grow over the coming years, I don't necessarily think it will be on top of the industry forever. While there's no way to know what the banking industry or U.S. economy will look like in a couple of decades, there are some companies that have massive opportunities and the potential to grow rapidly. I realize this is a bold prediction. There's a lot that needs to go right for any other bank stock to get close to JPMorgan Chase's market cap. But if we're looking at a time frame of 20 years, these two have a better chance than many experts think. As of this writing, Capital One (NYSE: COF) has a $135 billion market cap, so it would have to outpace JPMorgan Chase by about 500% to overtake it. But in a 20-year period, that's certainly within the realm of possibilities. For one thing, Capital One doesn't necessarily need to grow its business to the size of JPMorgan Chase. Because of its credit card and auto lending focus, Capital One has far better net-interest margins. The bank has done an excellent job of innovating and is the third-largest player in the credit card industry with about $850 billion in credit card purchase volume last year. But after its recent acquisition of Discover, it has the number one share in credit card loans. Over the past decade alone, Capital One's credit card spending volume has more than tripled, so there's excellent growth momentum here. Furthermore, Capital One has about $470 billion in total deposits, about one-fourth of what JPMorgan Chase has today. Capital One has done an excellent job of not only modernizing the branch-based banking experience but has also been the first major bank to offer high-yield deposit products to branch customers. I could see its deposit growth outpacing its big-bank competitors over the coming years. Finally, one factor that could help catapult Capital One to the next level is that it is now the only large U.S. consumer-facing bank to have its own payment network. At first, this will be mostly useful to avoid paying companies like Visa and Mastercard interchange fees on its own card products, but over time there could be interesting possibilities to build out the Discover network as a truly competitive alternative to the payment-processing giants. The Capital One prediction is certainly bold, but there's a clear path to get there, especially if the Discover network truly gains traction as a globally competitive payment network. But this next one is admittedly a bit of a stretch. SoFi (NASDAQ: SOFI) has a market cap of about $18.4 billion today, which means that JPMorgan Chase is roughly 44 times as valuable. But if SoFi can keep its momentum going, grow its brand recognition, and continue to build out its ecosystem, it could be a massive long-term winner. Management has said that the goal is to become a top 10 financial institution, which would require it to grow more than 10X from its current asset size, so the bank's leadership team is certainly aiming high. While other personal finance apps aim to do one or two things better than traditional banks, such as offering high-yield savings accounts or a stock-trading platform, SoFi is building a true bank replacement. The ultimate goal is for SoFi to be able to do everything your current bank, brokerage, insurance agent, and other financial services businesses do -- all in one app and better than the legacy providers. The company's growth momentum has been impressive to say the least. Its membership base has tripled over the past three years, and SoFi (which only received a banking charter in 2022) has grown its deposit base from zero to $27 billion. There are several major catalysts that could take SoFi to the next level. The third-party loan platform is one big example that is growing fast. It's where SoFi originates loans on behalf of third-party partners and makes applicant referrals, generating a low-risk stream of fee income from the massive personal loan industry. SoFi's home loan business is another example. Even in a terribly slow real estate market with elevated interest rates, SoFi originated nearly six times the home loan volume in the first quarter than it did two years ago. With Americans sitting on more equity ($35 trillion) and pent-up home-buying demand than ever, this could be a massive opportunity. Cryptocurrency is a recent development that could bring more customers into SoFi's ecosystem. The bank recently announced that not only will it be bringing crypto trading back to its app by the end of the year but will use blockchain technology to facilitate cross-border money transfers quicker and more cost effectively than peers, and this is a $93 billion market. As a final thought, keep in mind that these are meant to be two bold predictions. There's a lot that would need to go well for either of these companies to overtake JPMorgan Chase's position as the most valuable U.S. bank. It's possible, but it's not especially likely. However, even if JPMorgan Chase remains the largest U.S. bank in two decades, that's OK. These are two well-run banks with massive market opportunities, and I'm quite confident that they'll deliver strong returns for investors over the long term. I own both in my personal stock portfolio and can't wait to watch their next chapters unfold. Before you buy stock in Capital One Financial, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Capital One Financial wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Matt Frankel has positions in Capital One Financial and SoFi Technologies. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool recommends Capital One Financial. The Motley Fool has a disclosure policy. Bold Prediction: 2 Bank Stocks That Will Be Worth More Than JPMorgan Chase 20 Years From Now was originally published by The Motley Fool 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
Yahoo
11 hours ago
- Business
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Philip Morris International (PM) Outperformed in 2025 as Smoke-Free Growth Accelerates
Philip Morris International Inc. (NYSE:PM) is one of the Best Dividend Stocks of 2025. A man exhaling smoke from a cigarette indicating the use of tobacco products. Philip Morris International Inc. (NYSE:PM) was always closely linked to cigarettes. However, in 2016, the company shifted its focus toward creating a smoke-free future, initiating a transformation within both its business and the broader tobacco industry. Since then, efforts have been centered on developing, scientifically validating, and responsibly marketing smoke-free products that pose less harm than traditional cigarettes, with the ultimate goal of replacing cigarettes entirely. These smoke-free alternatives do not burn tobacco or produce smoke, resulting in significantly lower levels of harmful substances. In the first quarter of 2025, Philip Morris International Inc. (NYSE:PM) reported strong performance from its smoke-free segment, which contributed 42% of total net revenues and 44% of gross profit. Shipment volumes rose by 14.4%, net revenues increased by 15% (20.4% on an organic basis), and gross profit grew by 27.7% (33.1% organically). The company's smoke-free products are now available in 95 markets, with a multicategory portfolio launched in 46 of them. In addition to this, Philip Morris International Inc. (NYSE:PM)'s dividend history is also commendable. The company has raised its payouts for 15 years straight. Currently, it pays a quarterly dividend of $1.35 per share and has a dividend yield of 2.99%, as of June 26. While we acknowledge the potential of PM 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. 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
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15 hours ago
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Here's How Many Shares of TD Bank You Need for $2,000 in Annual Dividends
Written by Jitendra Parashar at The Motley Fool Canada Toronto-Dominion Bank (TSX:TD) is not only one of the largest banks in Canada, but also one of the most reliable dividend stocks on the TSX. Over the years, TD has built a strong reputation for delivering consistent earnings, posting consistent growth, and rewarding its shareholders. That's why it remains one of the top holdings for many long-term Canadian investors. Whether you're just starting to build passive income or looking to grow an existing stream of cash flow, TD could be a dependable stock to consider. In this article, I'll break down exactly how many shares of TD Bank you would need to own today to earn $2,000 in annual dividends. But first, let's take a closer look at its recent financial growth trends and fundamental outlook. TD Bank stock has been on a consistent upward climb in 2025, outperforming most other bank stocks listed on the Toronto Stock Exchange. After surging 30% year to date, the stock currently trades at $98.84 per share with a market cap of $171.6 billion. At this market price, it also offers an attractive annualized dividend yield of 4.3%. This strong performance shouldn't be a surprise as investors have grown less concerned about the recent U.S. anti-money laundering probe, which the bank has already resolved. Also, TD's recent gains reflect optimism around falling interest rates in Canada, which tend to support lending activity and improve loan growth. In the second quarter of its fiscal year 2025 (ended in April), TD posted total revenue of $13.96 billion, up just over 1% YoY (year over year). However, its adjusted net profit slipped 4.8% YoY to $3.43 billion. In its latest earnings report, the bank noted that its U.S. segment remained under pressure, but Canadian personal and commercial banking continued to deliver strong results. Even with this short-term earnings softness, TD maintained a solid adjusted net profit margin of 24.5% in the quarter. When you're depending on consistent payouts, this level of stability really matters. What makes TD more than just a safe bet is its forward-thinking strategy. The bank is doubling down on its digital initiatives and boosting its Canadian operations with improved lending and deposit capabilities. It's also expanding credit card partnerships and focusing on higher-margin segments to offset pressure in the U.S. market. These moves signal that the bank isn't just trying to stay afloat but also actively building for better profitability and long-term growth. For income-focused investors, that makes TD stock even more appealing. COMPANY RECENT PRICE NUMBER OF SHARES QUARTERLY DIVIDEND / SHARE TOTAL YEARLY PAYOUT TD Bank $98.84 477 $1.05 $2,003.40 Prices as of June 25, 2025 With its current dividend yield, you'd need around 477 shares to generate $2,000 in annual dividend income. However, that will require you to invest $47,147 in TD Bank stock. That's not a small investment, but for long-term returns and peace of mind, it might just be worth it. That said, putting such a large amount into a single stock may not be the best idea for everyone. No matter how strong TD's fundamentals are, diversification is key to reducing risk. A well-balanced portfolio with other reliable dividend stocks could give you more stability and peace of mind, especially during uncertain market cycles. The post Here's How Many Shares of TD Bank You Need for $2,000 in Annual Dividends appeared first on The Motley Fool Canada. Before you buy stock in TD Bank, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and TD Bank wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has positions in Toronto-Dominion Bank. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 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
Yahoo
17 hours ago
- Business
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3 Reasons Why Growth Investors Shouldn't Overlook Wheaton Precious Metals (WPM)
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks. Wheaton Precious Metals Corp. (WPM) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank. Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better. While there are numerous reasons why the stock of this company is a great growth pick right now, we have highlighted three of the most important factors below: Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Wheaton Precious Metals is 6.3%, investors should actually focus on the projected growth. The company's EPS is expected to grow 50.9% this year, crushing the industry average, which calls for EPS growth of 40.7%. Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds. Right now, year-over-year cash flow growth for Wheaton Precious Metals is 18.6%, which is higher than many of its peers. In fact, the rate compares to the industry average of -1.8%. While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 11.7% over the past 3-5 years versus the industry average of 6.8%. Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The current-year earnings estimates for Wheaton Precious Metals have been revising upward. The Zacks Consensus Estimate for the current year has surged 1.2% over the past month. While the overall earnings estimate revisions have made Wheaton Precious Metals a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This combination positions Wheaton Precious Metals well for outperformance, so growth investors may want to bet on it. 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 Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
