The Motley Fool

JANUARY 12, 2024

We saw the deposit balance consumer accounts move lower this quarter but are now seeing more differentiation and behavior. In the lower average balance size accounts, the balances in there still remain at multiples of pre-pandemic levels, nearly three years past the last stimulus. They are modestly declining.

Banks 130

Banks Taxes Accounting Assets 130

The Motley Fool

MAY 2, 2024

We reported another strong quarter of results for Blue Owl this morning with 12 straight quarters in consecutive management fee and FRE growth since we've been a public company. Management fees are up 22% and 92% of these management fees are from permanent capital vehicles. Thank you very much, Ann.

Capital 130

Capital Asset Management Management Fees Assets 130

The Motley Fool

OCTOBER 11, 2024

We believe the continued path of central bank normalization will support sustained inflows across bond funds, ETFs, and institutional accounts. The combination triples infrastructure AUM and doubles private markets run-rate management fees. This was due to the relative outperformance of lower fee U.S.

Assets 130

Assets Leveraging Mergers and Acquisitions Capital 130

The Motley Fool

OCTOBER 15, 2024

Consumer leads the way delivering solid organic growth with high-quality accounts engaged clients. For the 23rd consecutive quarter, we added significant net new consumer checking accounts and expanded our customer base and market share. In wealth management, we added another 5,500 net new relationships this quarter.

Banks 130

Banks Leveraging Assets Capital 130

The Motley Fool

JANUARY 16, 2025

Consumer banking continued to deliver strong organic growth with high-quality accounts and engaged clients, and they achieved a new record of client experience scores in December. And we show another strong period of card openings and investment account growth. Expense rose 8% as we continued investments in our business.

Banks 130

Banks Leveraging Capital Accounting 130

The Motley Fool

OCTOBER 17, 2024

We have virtually no net debt, no insurance liabilities and a share count that is almost unchanged over the past seven years despite the extraordinary growth we've achieved. Notwithstanding the temporary impact from these fee holidays, management fees in the third quarter increased 8% year over year to a record $1.8

Debt 130

Debt Management Fees Capital Assets 130

The Motley Fool

MAY 14, 2024

We continue to cultivate high quality revenue streams, including advertising in video accounts and Weixin Search, mini games platform service fees, and e-commerce technology service fees, contributing to our gross and operating profit growth outpacing our revenue growth.

Accounting 130

Accounting Business Services Portfolios Shareholders 130

The Motley Fool

AUGUST 9, 2024

During today's call, management will discuss non-GAAP financial measures, including distributable net investment income or DNII. generally accepted accounting principles, or GAAP, excluding the impact of noncash compensation expenses. NAV is defined as total assets minus total liabilities and is also reported on a per-share basis.

Capital 130

Capital Asset Management Securities and Exchange Commission (SEC) Assets 130

The Motley Fool

AUGUST 2, 2024

Representing Prudential on today's call are Charlie Lowrey, chairman and CEO; Rob Falzon, vice chairman; Andy Sullivan, head of the international businesses and PGIM, our global investment manager; Carolyn Feeney; head of U.S. businesses; Yanela Frias, chief financial officer; and Rob Axel, controller and principal accounting officer.

Assets 130

Assets Capital Liabilities Shareholders 130

The Motley Fool

FEBRUARY 23, 2024

During today's call, management will discuss non-GAAP financial measures, including distributable net investment income or DNII. Generally Accepted Accounting Principles, or GAAP, excluding the impact of non-cash compensation expenses. NAV is defined as total assets minus total liabilities and is also reported on a per share basis.

Capital 130

Capital Securities and Exchange Commission (SEC) Asset Management Leveraging 130

The Motley Fool

JULY 14, 2023

Card outstandings were up 18% year on year, which was the result of revolver normalization and strong new account growth. Asset and wealth management reported a net income of 1.1 billion was up 8% year on year, driven by higher deposit margins on lower balances and higher management fees on strong net inflows.

Banks 130

Banks Liabilities Capital Assets 130

The Motley Fool

DECEMBER 19, 2024

Millrose will be externally managed by a subsidiary of Kennedy Lewis Investments and Institutional alternative investment firm with approximately $17 billion in AUM and extensive experience with both Lennar and with the land and land development business for home builders. Operator Our next caller is Stephen Kim with Evercore ISI.

Assets 242

Assets Debt Capital Banks 242

The Motley Fool

FEBRUARY 7, 2024

Representing Prudential on today's call are Charlie Lowrey, chairman and CEO; Rob Falzon, vice chairman; Andy Sullivan, head of international businesses and PGIM, our global investment manager; Caroline Feeney, head of U.S. Businesses; Ken Tanji, chief financial officer; and Rob Axel, controller and principal accounting officer.

Mergers and Acquisitions 130

Mergers and Acquisitions Capital Assets Liabilities 130

The Motley Fool

AUGUST 2, 2023

Representing Prudential on today's call are Charlie Lowrey, chairman and CEO; Rob Falzon, vice chairman; Andy Sullivan, head of international businesses and PGIM, our global investment manager; Caroline Feeney, head of U.S. businesses; Ken Tanji, chief financial officer; and Rob Axel, comptroller and principal accounting officer.

Assets 100

Assets Capital Liabilities Asset Management 100

The Motley Fool

JANUARY 15, 2025

million new credit card accounts opened in 2024. We had a more meaningful growth in net checking accounts in 2024. And importantly, most of that growth came in the form of more valuable primary checking accounts. Additionally, lower cost consumer deposit balances in checking and saving accounts have continued to stabilize.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

OCTOBER 11, 2024

Our broader set of credit card products continue to be well received by both existing customers and customers new to Wells Fargo with nearly 2 million new credit card accounts this year. Last month, we announced a multiyear co-branded agreement with Volkswagen Financial Services. Mobile active users increased by 1.6

Banks 130

Banks Assets Capital Investment Banks 130

The Motley Fool

JANUARY 12, 2024

Total debit and credit card spend was up 7% year on year, driven by strong account growth, and consumer spend remained stable. Card outstandings were up 14% due to strong account acquisition and continued normalization of revolve. Asset and wealth management reported net income of 925 million with pre-tax margin of 28%.

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

MAY 10, 2024

During today's call, management will discuss non-GAAP financial measures, including distributable net investment income, or DNII. Generally Accepted Accounting Principles or GAAP, excluding the impact of noncash compensation expenses. NAV is defined as total assets minus total liabilities and is also reported on a per share basis.

Capital 130

Capital Securities and Exchange Commission (SEC) Asset Management Leveraging 130

The Motley Fool

JULY 12, 2024

See the 10 stocks » *Stock Advisor returns as of July 8, 2024 In CCB, we had a record number of first-time investors and strong customer acquisition across checking accounts and card, and we've continued to see strong net inflows across AWM. billion or 21%, largely driven by higher investment banking revenue and asset management fees.

Banks 130

Banks Capital Finance Financing 130

The Motley Fool

NOVEMBER 5, 2024

Speaking from management on today's call will be Eric Lindberg, chairman of the board and interim president and chief executive officer; and Lindsay Gray, interim chief financial officer and SVP of accounting. Lindsay Gray -- Interim Chief Financial Officer and Senior Vice President of Accounting And Krisztina, this is Lindsay.

Taxes 130

Taxes Accounting Consulting Consultants 130

The Motley Fool

JULY 12, 2024

The momentum in this business is demonstrated by continued strong credit card spend and new account growth. Credit card revenue was stable from a year ago as higher loan balances driven by higher point-of-sale volume new account growth was offset by lower other fee revenue. Turning to commercial banking results on Slide 13.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

NOVEMBER 8, 2024

During today's call, management will discuss non-GAAP financial measures, including distributable net investment income or DNII. generally accepted accounting principles, or GAAP, excluding the impact of noncash compensation expenses. NAV is defined as total assets minus total liabilities and is also reported on a per share basis.

Capital 130

Capital Asset Management Due Diligence Assets 130

The Motley Fool

NOVEMBER 5, 2024

The volatility in the cost of capital is something that we always take into account when we are looking at potential opportunities and making sure that we have enough margin of safety in any particular transaction that we pursue is critical to how we think about making investments. to the benefit of our public shareholders.

Capital 130

Capital Assets Leveraging Funds 130

The Motley Fool

JULY 26, 2024

But you mentioned their equities trading, which was really strong, their investment banking fee growth, which was 29% year over year, which came from a very low bar, but now more companies are going public, more M&A activities happening, and the banks are a big beneficiary of that. Ricky Mulvey: Just so I'm setting the table a little bit.

Banks 130

Banks Investment Banks Investment Banking Portfolios 130

The Motley Fool

JANUARY 19, 2024

So, these have been CDs and money market accounts there where we've seen migration out of noninterest-bearing accounts. One is we continue to grow consumer checking accounts and consumer households. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Leveraging 130

Leveraging Banks Capital Portfolios 130

The Motley Fool

FEBRUARY 21, 2024

As a reminder, in April of 2021, our company entered into a limited partnership agreement with Pelion Ventures in Draper, Utah, to manage the Medici portfolio. This partnership came with an annual management fee, in addition to upside deal economics, in exchange for them nurturing these companies and building value.

Assets 130

Assets Banks Shareholders Portfolios 130

The Motley Fool

FEBRUARY 2, 2024

Our finance, accounting, legal, and real estate investment teams have had a busy year-end and beginning of 2024, closing over $1.2 yield after management fees and actual capex and generated a 10.6% Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

OCTOBER 11, 2024

Card outstandings were up 11% due to strong account acquisition and the continued normalization of revolve. Asset and wealth management reported net income of $1.4 And a little different than some of the other people just trading for their own account. Turning to Card Services and Auto. Expenses of $9.6 We're going to do it.

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

The Motley Fool

AUGUST 4, 2023

During today's call, management will discuss non-GAAP financial measures, including distributable net investment income, or DNII, D&I is net investment income, or NII, as determined in accordance with U.S. generally accepted accounting principles, or GAAP, excluding the impact of noncash compensation expenses.

Capital 147

Capital Asset Management Securities and Exchange Commission (SEC) Assets 147

The Motley Fool

OCTOBER 30, 2024

We will adopt the new FASB Fair Accounting Rule, which will require fair value treatment for bitcoin holdings when the rule takes effect in Q1 2025. Management uses BTC to evaluate capital allocation decisions and to measure the achievement of our strategy. A lot of companies have adopted fair value accounting this year.

Leveraging 130

Leveraging Shareholders Capital Debt 130

The Motley Fool

APRIL 12, 2024

Revenue was up 8% year on year driven by higher Card Services NII on higher revolving balances, partially offset by higher card acquisition costs from new account growth and lower auto lease income. Card outstandings were up 13% due to strong account acquisition and the continued normalization of revolve. Revenue of $4.7

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Banks Capital Investment Banks 130

The Motley Fool

JULY 14, 2023

However, underlying this, we did see strong growth in operating accounts as we continue to win new clients and deepen with existing ones. trillion deposit base across regions, industries, customers, and account types, which is deployed into high-quality, diversified assets. And our net interest margin increased 7 basis points.

Banks 130

Banks Capital Investment Banks Investment Banking 130

The Motley Fool

FEBRUARY 6, 2024

In late December, FASB approved a change in accounting rules for certain digital assets, including Bitcoin, to be measured using fair value accounting. The new accounting rule requires companies holding digital assets, including Bitcoin, to adopt fair value accounting treatment by Q1 of 2025.

Leveraging 130

Leveraging Debt Assets Shareholders 130

The Motley Fool

MAY 1, 2024

Technical difficulty] Kent Cheng -- Principal Financial Officer and Chief Accounting Officer I think we're losing Leo again. Kent Cheng -- Principal Financial Officer and Chief Accounting Officer Thank you, Leo. Kent Cheng -- Principal Financial Officer and Chief Accounting Officer Yes, happy to do that.

Liabilities 130

Liabilities Accounting Legal Leveraging 130

The Big Picture

JUNE 13, 2023

But I also learned along the way that you rarely die, I mean as a company, from your P&L or from your assets, but you always die from your liabilities. Coming back to my comment, again, it’s your liability side. And I think this is where the industry should be heading. And there’s been plenty of comment there.

Banks 59

Banks Asset Management Assets Capital 59

Pension Pulse

MAY 24, 2024

So did its costs, particularly the fees paid to external investment managers: from $36-million in 2006 to $3.5-billion Over all, combining management fees, operating expenses and transaction costs, the fund’s expenses now exceed $5.5-billion With independence comes accountability and, guess what, they aren’t delivering.

Pension Funds 109

Pension Funds Hedge Funds Investing Assets 109

The Motley Fool

FEBRUARY 22, 2024

So, there's definitely what we call risk management. So, there's some risk management fees because just our legal costs are going up significantly. And so, we're just being very careful in holding everything accountable. We had really cleaned up a lot of our, we'll say, operations in the last year or so. Tom White -- D.A.

Legal 100

Legal Management Fees Leveraging Accounting 100