The Motley Fool

FEBRUARY 7, 2024

Our pre-tax adjusted operating income was $5.5 Our GAAP net income for the quarter was $374 million higher than our after-tax AOI, primarily driven by net investment gains due to declining rates. PGIM, our global investment manager, had lower other related revenues driven by lower incentive fees and agency income, and higher expenses.

Mergers and Acquisitions 130

Mergers and Acquisitions Capital Assets Liabilities 130

The Motley Fool

JANUARY 19, 2024

This morning, we reported full year 2023 earnings of $2 billion, reflecting record pre-tax pre-provision income of $3.2 Keep in mind, between 2013 and 2019, our average NPL ratio was 107 basis points. Our average net charge-offs from 2013 to 2019 were 46 basis points. We appreciate you joining our call today.

Banks 130

Banks Leveraging Capital Portfolios 130

The Motley Fool

MAY 2, 2024

From roughly 14 million outstanding shares as recently as February 2019, we ended the first quarter with 13 million. At the end of March, the fair value of our equity portfolio included cumulative pre-tax unrealized gains of $7 billion. And as we speak now, we are below that milestone.

Liabilities 130

Liabilities Shareholders Portfolios Asset Management 130

The Motley Fool

OCTOBER 11, 2024

Shareholders have meaningfully benefited from our capital management actions as our earnings per share are up over 50% since the third quarter of 2019, benefiting from the 22% decline in diluted average common shares over the same period. per share of discrete tax benefits. We repurchased $3.5 Turning to Slide 4.

Banks 130

Banks Assets Capital Investment Banking 130

The Motley Fool

JULY 14, 2023

Embedded in these results are after-tax divestiture-related impacts of approximately $92 million. Our effective tax rate this quarter was 27%, primarily driven by the geographic mix of our pre-tax earnings in the quarter. Excluding current quarter divestiture-related impacts, our effective tax rate was 26%. and non-U.S.

Banks 130

Banks Capital Investment Banking Investment Banks 130

The Motley Fool

MAY 1, 2024

The net of tax impact on earnings of the provision is $11.4 In 2019, we announced our sustainable revenue share platform, which basically was our commitment to paying out 50% of company dollar. So we introduced in 2019, where we are committed to paying out 50% of company dollar. Our GAAP net loss for this quarter was $15.6

Accounting 130

Accounting Liabilities Legal Leveraging 130

ClearMoney

FEBRUARY 21, 2022

In 2019, the Tokyo Stock Exchange closed for 10 days after Japanese Emperor Akihito abdicated the Chrysanthemum Throne. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Unplanned market closures are not limited to emerging markets.

Mutual Funds 52

Mutual Funds Stock Exchanges New York Stock Exchange Education 52

Pension Pulse

FEBRUARY 12, 2024

An expansion of the CPP would transfer these risks from individual workers to the government, which is much better placed to manage them, as it can pool risks across all Canadian workers and across generations of workers. Government tax revenues will track higher, too, a fact often lost in the conversation about Canada’s pension system.

Taxes 59

Taxes Amortization Financing Finance 59

ClearMoney

DECEMBER 5, 2021

But, while government spending may provide a short-term stimulatory effect on the economy, the prospect of higher future taxes and long-run impacts on spending and investment introduces many channels through which spending and debt levels might affect expected stock returns. Finally, country debt is generally a slow-moving variable.

Returns 52

Returns Debt Mutual Funds Capital 52

ClearMoney

DECEMBER 5, 2021

But, while government spending may provide a short-term stimulatory effect on the economy, the prospect of higher future taxes and long-run impacts on spending and investment introduces many channels through which spending and debt levels might affect expected stock returns. Finally, country debt is generally a slow-moving variable.

Debt 52

Debt Mutual Funds Capital Funds 52

ClearMoney

JANUARY 4, 2022

The US debt held by the public topped $22 trillion,10 up more than $5 trillion from the end of 2019 and 123% of GDP. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.

Mutual Funds 52

Mutual Funds Debt Assets Banks 52

The Motley Fool

SEPTEMBER 25, 2024

In the real estate investor community in 2019, nobody was interested in short-term rentals. Your email, and they're building those lists to attempt to get those bookings around there because Airbnb will talk about who's paying the fees or whatever. But I think that obviously it's a big tax to go through them.

Investors 243

Investors Taxes Debt Legal 243

The Motley Fool

FEBRUARY 22, 2024

Obviously, this is the first event that we've done publicly for Frame VR, and this is a platform we've actually been developing since 2019. The decline in net income year over year was primarily due to Virbela impairment charges, increased agent growth incentive stock compensation and a higher effective tax rate. Thank you again.

Legal 100

Legal Management Fees Leveraging Companies 100

Pension Pulse

MAY 22, 2024

CPPIB's portfolio had 12 per cent in Canada as of the end of March, down from around 16 per cent in 2019, and 31 per cent in 2014. Given the differences in their design, the additional CPP has had a different market risk target and investment profile since its inception in 2019. Our original investment was made in 2019.

Investing 59

Investing Pension Funds Stakes Assets 59

The Motley Fool

JANUARY 12, 2024

Our as-adjusted tax rate for the fourth quarter was approximately 24%, driven, in part, by discrete items. We currently estimate that 25% is a reasonable projected tax run rate for 2024, though the actual effective tax rate may differ because of nonrecurring or discrete items or potential changes in tax legislation.

Assets 130

Assets Shareholders Capital Asset Management 130

Pension Pulse

MAY 24, 2023

since its inception in 2019. Given the differences in their design, the additional CPP has had a different market risk target and investment profile since its inception in 2019. Management fees increased by $165 million, due to an increase in average assets managed by external fund managers.

Investing 52

Investing Stakes Pension Funds Assets 52

The Motley Fool

NOVEMBER 9, 2023

During the quarter, we settled a fully reserved loss on the last remaining defaulted loan in our portfolio, a default that occurred in 2019. Greg talked in his comments about us resolving a loan that defaulted in 2019 in 2023. The final thing to it is commercial real estate is a slow-rolling industry.

Asset Management 100

Asset Management Deal Flow Assets Financing 100