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Main Street Capital (NYSE: MAIN) Q3 2024 Earnings Call Nov 08, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital third-quarter earnings conference call. Image source: The Motley Fool. You may begin.
Our third quarter performance reflects continued positive momentum in growing our businesses, increasing capital efficiency, and pivoting our product suite to address the investing, insurance and retirement needs of our customers and clients around the world. Our strategic progress and performance are backed by our financial strength.
Main Street Capital (NYSE: MAIN) Q4 2024 Earnings Call Feb 28, 2025 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings and welcome to the Main Street Capital fourth quarter earnings conference call. Image source: The Motley Fool. You may begin. for the quarter.
Blue Owl Capital (NYSE: OWL) Q2 2024 Earnings Call Aug 01, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, and welcome to Blue Owl Capital second-quarter 2024 earnings call. Should you invest $1,000 in Blue Owl Capital right now?
And finally, it has enabled the consistent and predictable takedown of just in time delivered fully developed home site, and that has attracted capital to the structured land banking partnerships that have driven the nearly $20 billion of transaction that have enabled our land-light transformation to date. debt to total capital ratio.
Blue Owl Capital (NYSE: OWL) Q1 2024 Earnings Call May 02, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, and welcome to the Blue Owl Capital's first quarter 2024 earnings call. Should you invest $1,000 in Blue Owl Capital right now?
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Blue Owl Capital (NYSE: OWL) Q4 2023 Earnings Call Feb 09, 2024 , 8:30 a.m. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time to time in Blue Owl Capital's filings with the Securities and Exchange Commission. per share for the year.
Main Street Capital (NYSE: MAIN) Q1 2024 Earnings Call May 10, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital first-quarter earnings conference call. Should you invest $1,000 in Main Street Capital right now?
Main Street Capital (NYSE: MAIN) Q4 2023 Earnings Call Feb 23, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital Corporation fourth-quarter earnings conference call. Image source: The Motley Fool. Thank you, Mr. Vaughan.
Main Street Capital (NYSE: MAIN) Q2 2023 Earnings Call Aug 04, 2023 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital Corporation second-quarter earnings conference call. and Main Street Capital wasn't one of them!
In addition, it also enables us to acquire bitcoin through the use of excess cash or proceeds from equity capital raises or corporate debt capital raises. These capital market levers allow us to deploy intelligent leverage to increase our Bitcoin holdings in a manner which we believe has created shareholder value.
We think given our valuation, capital position, and capital allocation alternatives, that repurchasing shares makes sense, and as such we are doing so. We also work to continue to improve our financial performance while building the capital it takes to help our customers when they need it most. in outstanding shares.
The transaction will allow American Tower to strengthen its balance sheet while enabling Brookfield Asset Management and its infrastructure-focused affiliate Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) to deploy capital into a deal that should grow their cash flow.
We want our shareholders to win as we earn profitable on the capital we use to do this work. Professional Liability and General Liability portfolios. General Liability and Professional Liability product lines within our Insurance segment. and Bermuda Casualty and Professional Liability portfolio.
During the quarter, we made substantial progress in shifting our business mix and growing our market-leading businesses to become a higher growth, more capital efficient, and nimble company. We achieved these milestones while continuing to pivot away from more capital-intensive and lower-growth businesses. Turning now to Slide 4.
During the second quarter, we continued to grow our market-leading businesses and become more capital-efficient to deliver greater long-term value for our stakeholders. We maintained our disciplined approach to capital deployment by investing in the growth of our businesses and returning excess capital to shareholders.
We also stated our belief that an easing of the cost of capital would be very positive for Blackstone's asset values and would be a catalyst for transaction activity, including deployment and ultimately, realizations, which in turn fuel fundraising. Turning to the recovery in commercial real estate.
The fourth quarter capped a productive year of continued transformation to make Prudential a higher growth, more capital-efficient, and more nimble company. Over the course of 2023, we executed several attractive transactions adding to our capital efficiency. Turning to Slide 3. Turning to Slide 5.
In addition, it also enables us to acquire Bitcoin through the use of excess cash or proceeds from equity capital raises or corporate debt capital raises, and to pursue software innovations that leverage the Bitcoin blockchain. Now turning to our capital markets activities. with the earliest maturity not until 2025.
The combination triples infrastructure AUM and doubles private markets run-rate managementfees. And as long observed in markets, information about capital has become almost as important as capital itself. This was due to the relative outperformance of lower fee U.S. Our partnership with Microsoft and MGX.
Onto balance sheet and capital on Page 4. Underwriting fees were down 6% for debt and up 30% for equity, with more positive momentum in the last month of the quarter. In terms of the second half outlook, we have seen encouraging signs of activity in capital markets, and July should be a good indicator for the remainder of the year.
The first alternative manager to do so of more than three years ahead of the aspirational road map we presented at our investor day in 2018. I founded Blackstone with my partner, Pete Peterson, in 1985 with $400,000 of start-up capital. And we have no insurance liabilities. Our scale has also made the firm even safer.
We've stated before that short-term movements in stock and bond markets impact capital flows in this channel. Our portfolio is in excellent shape, and our limited partners continue to benefit and we've positioned their capital, emphasizing new neighborhoods, such as digital infrastructure, logistics, and energy transition.
This, together with our increased focus on capital allocation discipline, will further enhance shareholder value. Finally, with this high-quality revenue growth model, we have the resources to keep investing in our businesses while, at the same time, returning more capital to our shareholders. Starting with our financial performance.
The other major initiative is to continue improving our capital structure. Anthony will get into more of the details later, but I want to highlight two of the main sources of capital for this redemption. Operator instructions] Today's first question comes from Todd Thomas with KeyBanc Capital Markets. Series A preferred stock.
billion or 21%, largely driven by higher investment banking revenue and asset managementfees. Onto balance sheet and capital on Page 3. We ended the quarter with a CET1 ratio of 15.3%, up 30 basis points versus the prior quarter, primarily driven by net income, largely offset by capital distributions and higher RWA.
On the capital markets front, we made significant progress toward the advancement of our bitcoin strategy. Andrew will provide further details on our capital markets and bitcoin purchase activity for this quarter. Today, MicroStrategy is announcing its ambitious capital market strategic plan for the next three years.
This quarter, we saw a healthy revenue growth in our wealth and investment management business and in our global markets businesses. billion of capital to shareholders while also supporting the needs of our clients. billion in capital distributions includes $2 billion in common dividends and the repurchase of $3.5 We returned 5.6
We continue to execute on our strategy by reducing market sensitivity and increasing our capital flexibility, enhancing our capabilities, and optimizing operating efficiency to support long-term growth. As we look ahead, we are well positioned as a global leader at the intersection of asset management and insurance. Turning to Slide 3.
Our capital position remains strong with our CET1 ratio of 11.3%, up from 11% last quarter, and we continue to return significant amounts of excess capital to shareholders. We also benefited from improved results in our venture capital investments. Turning to capital liquidity on Slide 10. We repurchased $3.5
Adjusted full year revenue grew 5% on a back of 9% NII improvement and strong asset managementfees and sales and trading results. We continue to manage well through the transition in the rate structure. Outside of NII, we saw good growth in treasury service fees and wealth managementfees.
At the same time, we are making progress toward the establishment of a private capital fund, which I'll touch on later in this call. billion in investments, which is fully funded as we are vigilantly focused on deploying capital into high-quality opportunities that meet our risk-adjusted return requirements.
On to balance sheet and capital on Page 3. flat versus the prior quarter as net income and OCI gains were offset by capital distributions and higher RWA. Asset and wealth management reported net income of $1.4 To that end, I mean, it's insane how much capital you generate each quarter, 72 basis points this quarter.
On to balance sheet and capital on Page 4. We ended the quarter with a CET1 ratio of 15%, up 70 basis points versus the prior quarter, primarily driven by net income, OCI gains, and lower RWA, partially offset by a continued modest pace of capital distributions as the firm builds toward the proposed Basel III endgame requirements.
But there are some companies which aren't really generating much revenue at all, but they're in these incipient industries, often high tech, where if the business can survive the first couple of years and gets the capital it needs. I want someone else to do that, and I'm willing to pay a little bit in terms of a managementfee.
And we are well-positioned to capitalize on upcoming market growth opportunity. We know there are a few adjustments we initiated in the first quarter with regard to the risk managementfee, Agent Equity Program discount and other profit enhancement opportunities. They give us their liability. Denise Garcia Great.
We also ended with $201 billion of regulatory CET1 capital and a CET1 ratio of 11.9%, leaving us nearly 115 basis points of excess capital as we begin 2025. All of the success and balance sheet strength allowed us to deliver more capital back to our shareholders. They're liquid and seeing good productivity. requirement.
Growing public deficits, a modernizing digital world, advancing energy independence, and the energy transition are driving the mobilization of private capital to fund critical infrastructure. Our capitalmanagement strategy remains consistent. Share repurchases have been a consistent element of our capitalmanagement strategy.
On to balance sheet and capital on Page 3. We ended the quarter with a CET1 ratio of 15%, relatively flat versus the prior quarter, reflecting net income which was predominantly offset by higher RWA and capital distribution. Asset & Wealth Management reported net income of $1 billion with pre-tax margin of 28%.
Before I move on to our financial results and guidance, a brief update on our recent real estate and capital markets activity. yield after managementfees and actual capex and generated a 10.6% Operator The next question will come from Brad Heffern with RBC Capital Markets. The community was sold at an approximate 5.5%
We've enhanced our credit and interest rate risk management processes and platforms while sharpening our focus on risk-adjusted returns and capital allocation. We'll continue to benefit from our strong and diverse balance sheet, solid capital and liquidity, and prudent credit risk management.
But if you buy them back at too expensive of a price, it's not a particularly good use of capital. All of the money that they're using for share buybacks is invested capital into the company. So they are making a choice, and you want your CEOs, your executives to be good stewards of capital. Bill Mann: Yeah.
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