Results for: Financial services

B. Riley Financial, a diversified financial services platform, has filed its Annual Report on Form 10-K for the fiscal year ended 2023. The report highlights the company’s continued strong performance, its commitment to clients and shareholders, and its strategic initiatives for the future.

Key highlights of the report include:

* Confirmation from an independent investigation that the company and its executives had no involvement in or knowledge of any misconduct concerning Mr. Kahn or any of his affiliates.
* Clarification regarding the company’s investment in Freedom VCM, addressing unsubstantiated claims about its role in the FRG take-private transaction.
* The company’s ongoing strategic review process for Great American Group, with significant interest expressed to date.
* The company’s intent to amend its Current Report on Form 8-K to include updated historical FRG financial statements and related pro forma financials.

B. Riley Financial is committed to delivering tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. The company believes that the information provided in its Annual Report demonstrates its strong financial foundation, commitment to transparency, and dedication to creating value for stakeholders.

Synchrony Financial (NYSE: SYF) announced its first-quarter 2024 financial results, reporting strong performance across key business drivers. The company saw a rise in revenue, driven by growth in its digital and retail segments. Synchrony also announced a quarterly cash dividend and an incremental share repurchase program of up to $1 billion, signaling its commitment to returning value to shareholders.

Morgan Stanley (MS) is on a roll, extending its winning streak to seven sessions on the back of strong quarterly earnings and rumors of potential restructuring. The financial giant’s stock has climbed 6.67% in the past six trading days, including a notable 2.47% jump on April 16 following the release of its Q1 results. MS is trading near its 52-week high, surpassing its 20-day and 200-day simple moving averages. Analysts and investors are bullish on Morgan Stanley’s prospects, citing factors such as rising investment banking activity, wealth management revenue, and expected growth in IPOs and M&As.

Asurity Advisors, a leading provider of regulatory risk and compliance consulting services to the mortgage and financial services industries, has announced the addition of Vince Parks as a Director. Vince brings over 15 years of experience in banking and financial services to the organization, where he will assist clients in solving complex compliance challenges and tackling evolving industry priorities.

Hong Kong’s Financial Secretary, Paul Chan Mo-po, has highlighted the need for investment in green development and the digital economy to drive economic growth amid geopolitical tensions and market pressures. Despite positive economic growth in the first quarter, the local property and stock markets have faced declines. Chan emphasized the importance of embracing green development and digitalization as key areas for future growth, in line with Beijing’s ambitions for Hong Kong’s development.

Mahindra & Mahindra Financial Services (M&M Finance) share price plummeted over 7% today, April 23rd, after the company’s board meeting was postponed. This postponement followed the discovery of a ₹ 150 crore fraud at one of the company’s branches in the North East region.

The Board of Directors of Comerica Incorporated (CMA) has declared a quarterly cash dividend for common stock of 71 cents ($0.71) per share. The dividend is payable on July 1, 2024, to shareholders of record at the close of business on June 14, 2024.

Comerica Incorporated has declared quarterly cash dividends for its common and preferred stock. The common stock dividend is payable on March 15, 2023, to shareholders of record as of March 8, 2023. The preferred stock dividend is payable on March 15, 2023, to preferred stock shareholders of record as of March 8, 2023.

Ameriprise Financial reported strong first-quarter earnings, with adjusted operating earnings per diluted share (EPS) of $8.39 exceeding analyst expectations by $0.22. Revenue for the quarter came in at $4.15 billion, in line with estimates. The company’s GAAP net income per diluted share increased significantly to $9.46, driven by favorable market impacts and strong growth across its diversified business.

Guaranteed Rate, the second largest retail mortgage lender in the country, has promoted CJ Rose to EVP of Growth & Acquisitions. In his new role, Rose will be responsible for recruiting top talent and acquiring companies to help Guaranteed Rate grow its funded volume levels. Since joining Guaranteed Rate in 2005, Rose has brought on talent that has contributed more than $19 billion in total loan volume to the company.