The Motley Fool

MARCH 26, 2024

To truly benefit, financial institutions need nCino's single platform to surface data at the point of production to drive the actionable insights and intelligence that differentiate a bank and improve the customer experience. This was with a top 10 Canadian financial institution, Desjardins.

Financial Institutions 130

Financial Institutions Banks Professional Services Leveraging 130

The Big Picture

MAY 9, 2023

So how do you then go from tax and audit practice to finance and investing? If I’d moved to Hong Kong, I think it would have looked like a fairly self-serving tax trade. They have a different liability structure, different investment goals, different investment risk tolerances, and we have different teams.

Liabilities 119

Liabilities Assets Banks Hedge Funds 119

The Motley Fool

MAY 15, 2024

Entering fiscal 2024, we added approximately 300 basis points of non-GAAP operating margin from fiscal 2023, plus grew pre-tax free cash flow margins by 200 basis points. We won a nine-figure multiyear TCV expansion with a top 20 global financial institution. Our non-GAAP EPS includes an effective cash tax rate of 17.4%.

Leveraging 130

Leveraging Taxes Accounting Capital 130

The Motley Fool

JULY 27, 2023

These entities will leverage our smart and consumer permission data to drive increased financial inclusion and make digital interaction simpler and safer. We're driving adoption across several new verticals, including travel, ticketing, retail, and financial institutions. Turning to digital identity. Sports teams across the U.S.,

Banks 189

Banks Leveraging Taxes Accounting 189

Fortune Financial

APRIL 11, 2024

Tax-Efficient Management of 401(k) and ESOP After Employer Separation Efficient tax management of 401(k) and ESOP holdings post-employment is critical to help secure a financially stable retirement. Additionally, upon retirement, strategically withdrawing from retirement accounts can further optimize tax efficiency.

Education 59

Education Taxes Consulting Consultants 59

The Motley Fool

FEBRUARY 6, 2024

For the fourth quarter, we reported GAAP net income of $89 million, which included $150 million tax benefit, primarily due to changes in the valuation allowance on our deferred tax asset directly related to our Bitcoin holdings. But what if we had all the benefits of gold but none of the liabilities of gold? It's not the dollar.

Leveraging 130

Leveraging Debt Assets Shareholders 130

The Motley Fool

MARCH 20, 2024

For the fourth -- third aspect, in terms of loan collection, we will strengthen collaboration with financial institutions, expand the scope of legal action, and improve its efficiency. We achieved this through ample funding and partnerships with cost-efficient national financial institutions.

Assets 130

Assets Financing Finance Leveraging 130

The Motley Fool

OCTOBER 31, 2024

We renewed our exclusive card-issuing partnership with Banco Ripley, the financial institution of Ripley Corp, one of the largest retail conglomerates in Chile and Peru. Finally, we expect a non-GAAP tax rate of approximately 17% for Q4 based on the current geographic mix of our business. Mehra -- Chief Financial Officer Yes.

Banks 130

Banks Taxes Accounting Portfolios 130

The Motley Fool

FEBRUARY 20, 2025

Our GAAP effective tax rate for the quarter came in at 24.8%, and our non-GAAP effective tax rate was 24%. Our GAAP effective tax rate for the year was 22.2%. Our non-GAAP effective tax rate was 24%. We expect our GAAP effective tax rate to be approximately 24%. of revenue in Q4 of last year. Earnings per share.

Taxes 130

Taxes Consulting Consultants Financial Services 130

The Motley Fool

DECEMBER 5, 2023

In addition to pressure from lower SNAP payments, Family Dollar's comps were negatively affected by lower tax refunds this year. Our effective tax rate was 21.8% Our tax rate was favorable versus expectations as higher work opportunity tax credits and lower net state taxes were partially offset by higher nondeductible expenses.

Taxes 130

Taxes Depreciation Leveraging Liabilities 130

The Motley Fool

JUNE 6, 2024

I would now like to turn the presentation over to your host for today's conference, Julie Kerekes, senior managing director of global tax and investor relations. Julie Kerekes -- Treasurer and Senior Managing Director of Global Tax and Investor Relations Thank you, and good morning, everyone. Please proceed, Ms. a year ago.

Taxes 130

Taxes Leveraging Financing Finance 130

The Motley Fool

AUGUST 1, 2024

We expect operating income in the range of $50 million to $51 million, and we expect an effective tax rate of 11%. We expect an effective tax rate of 11% for 2024. We are currently analyzing our ability to implement certain tax planning strategies in order to manage current and future cash tax liabilities.

Taxes 130

Taxes Funds Leveraging Liabilities 130

The Motley Fool

JANUARY 25, 2024

They are now accepting Visa credit and debit cards to pay for utilities, tax collection, lotteries, and voucher payments, which are called boletos. Another example was in Asia Pacific where we signed an agreement with bKash, the largest mobile financial services player in Bangladesh. Our GAAP tax rate was 19.1%

Banks 130

Banks Taxes Consulting Consultants 130

The Motley Fool

JULY 26, 2023

Starting with financial performance, I was extremely pleased with the 300 basis-point gain in operating ROTCE, which hit 11.7% Turning to operations, the servicing team produced excellent results with 182 million in pre-tax income. Originations reported pre-tax income of 38 million, which exceeded the guidance we gave you last quarter.

Mergers and Acquisitions 130

Mergers and Acquisitions Financing Finance Leveraging 130

The Motley Fool

JULY 26, 2024

Adjusted EPS grew 6% in Q2 and 7% year-to-date, reflecting double-digit adjusted operating income growth and ongoing share buyback, partially offset by higher interest expense, the issuance of 19 million shares to fund the acquisition of NFP and a higher tax rate. And then my follow-up question, the tax rate in the quarter went to above 22%.

Capital 130

Capital Financing Taxes Finance 130

Hedgestone

JULY 1, 2023

You may be able to secure a loan from a bank or other financial institution, or you may be able to find private investors. This involves thoroughly researching the business to ensure there are no hidden issues or liabilities. Consider how much you’re willing to invest and how much you can afford in monthly loan payments.

Due Diligence 52

Due Diligence Legal Financing Finance 52

The Motley Fool

NOVEMBER 29, 2023

We built this company and continue to innovate our technology so the world's best financial institutions can more efficiently run their operations on a single platform. Our mortgage customer base is now 46% financial institutions on a logo basis, versus 25% at the time of the acquisition of SimpleNexus. million, or $0.14

Banks 130

Banks Leveraging Financial Institutions Professional Services 130

The Motley Fool

AUGUST 2, 2023

Our clients' endpoint builds and our clients' need to process disbursements real-time with good funds and reduce cost can be enabled by our platform, which helps connect and decision routing between all financial institutions within the United States. The Motley Fool has no position in any of the stocks mentioned.

Financial Institutions 130

Financial Institutions Debt Capital Portfolios 130

The Motley Fool

JANUARY 30, 2024

This underscores the value we provide to many of the world's largest financial institutions and also the unique and vital role of MSCI in the capital markets. I would like to highlight that our effective rate in the fourth quarter included a discrete benefit related to a favorable outcome on a tax position received late in the quarter.

Assets 130

Assets Hedge Funds Capital Taxes 130

The Motley Fool

JULY 12, 2024

As managers of a large complex financial institution, we think about both the risks and the opportunities and work to be prepared for the downside while continually building our ability to serve customers and clients. Looking ahead, overall, the U.S. economy remains strong, driven by a healthy labor market and solid growth.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

MAY 2, 2024

A Fortune 100 financial services company signed a similar 4-year $10 million pool of funds deal. This customer represents our largest new logo win with a major financial institution. A large financial institution in Latin America signed a 2-year $1.3 We expect an effective tax rate of 10% for 2024.

Financial Institutions 130

Financial Institutions Capital Financial Services Financing 130

The Motley Fool

MAY 16, 2024

Many of the world's largest airlines, energy companies, financial institutions, along with government organizations, count on DXC for the systems at the heart of their business. adjusted EBIT impact, higher taxes of $0.08, and a noncontrolling interest impact of $0.03. to $3 with an assumed non-GAAP effective tax rate of 30%.

Resale 130

Resale Consulting Consultants Debt 130

The Big Picture

AUGUST 8, 2022

ADMATI: Release from all civil liabilities which a court — above bankruptcy court struck down and now we’re — we were nowhere, it’s a mess. In this country, we subsidize homeownership only if you borrow through taxes. And then, for example, you can give them a little tax credit for their down payment.

Banks 81

Banks Debt Financing Finance 81

The Motley Fool

NOVEMBER 14, 2023

billion of principal amount of loans outstanding were from channeling arrangements, which is lending by other financial institutions on our platform. We had a net income tax expense of $62 million in the third quarter of 2023, compared to a net income tax expense of $65 million in the third quarter of 2022.

Banks 130

Banks Financial Institutions Portfolios Financial Services 130

The Motley Fool

MARCH 4, 2024

We have made significant progress onboarding new clients since the start of 2023, including the launch of several large clients during the fourth quarter across various verticals including multiple utilities, insurance companies, commercial entities, property management companies, government agencies, and financial institutions.

Leveraging 130

Leveraging Banks Taxes Capital 130

The Motley Fool

AUGUST 1, 2024

The first example to highlight is a major contract signed with a large financial institution. This is ahead of the guidance we provided for the second quarter, driven by higher adjusted EBITDA as well as lower-than-expected cash taxes, which is included in our guidance for the third quarter. The strength of the U.S.

Assets 130

Assets Banks Leveraging Depreciation 130

The Motley Fool

MAY 2, 2024

Also, in this quarter, an existing Iron Mountain global financial institution customer signed a program deal to manage their secure ITAD, recycling, and remarketing requirements, including their remote workplace inventory for over 400 sites nationwide. Now, turning to segment performance. The Motley Fool has a disclosure policy.

Assets 130

Assets Capital Banks Leveraging 130

The Motley Fool

OCTOBER 11, 2024

I've worked with Bridget in the past and know firsthand how her deep experience, leading large-scale technology transformations of large global financial institutions will benefit Wells Fargo. per share of discrete tax benefits. And in the third quarter, Bridget Engle joined Wells Fargo as head of technology reporting to me.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

JULY 31, 2024

We're partnering to distribute our capabilities in new and more efficient ways, Salesforce has integrated our dispute resolution services into its financial services cloud. This enables banks and other financial institutions to handle disputes and prevent chargebacks more effectively. EPS was $3.59, which includes a $0.07

Banks 130

Banks Leveraging Accounting Portfolios 130

The Motley Fool

MAY 1, 2024

HSBC Australia and Westpac will be the first financial institutions to offer this solution. The growth and operating expenses was primarily due to increased spending to support the continued execution of our strategic initiatives, as well as an increase in indirect taxes as discussed on our Q4 earnings call.

Banks 130

Banks Consulting Consultants Portfolios 130

The Motley Fool

JULY 19, 2024

We recognized the NAFTA tax gain on the sale of $479 million, equating to $0.66 Operating expenses were $3 billion in the second quarter, down 13% versus last year due to the $531 million pre-tax gain we recognized from the sale of our Accertify business. Net income was $3 billion in the quarter, generating earnings per share of $4.15.

Banks 130

Banks Accounting Funds Capital 130

The Motley Fool

FEBRUARY 15, 2024

billion in pre-tax income for the third time in its history, due largely to lower energy costs and an efficient planned turnaround at our Ingleside plant, even as product markets soften compared to 2022. Moving on to chemicals, in 2023, OxyChem generated pre-tax income nearly matching its second-highest year ever. billion BOE from 3.8

Assets 130

Assets Debt Capital Shareholders 130

The Motley Fool

FEBRUARY 9, 2024

The WMIH merger brought us 1 billion in deferred tax assets. Next quarter, you'll hear from Mike Weinbach, Mr. Cooper's new president, who brings exceptional leadership experience at some of the most respected financial institutions in the country. At the time, there was skepticism about their value. Welcome, Mike.

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Portfolios Assets 130

The Motley Fool

OCTOBER 30, 2024

When I go meet with big financial institutions or just regular people who are using crypto, the No. 1 thing I hear and I ask them, why aren't you using it more and they tell me it's regulatory clarity, especially on the institutional side. These losses were about $92 million after reflecting the tax impact.

Assets 130

Assets Legal Shareholders Capital 130

The Motley Fool

JULY 24, 2024

Our results for the quarter include the recognition of approximately $2 million of lease termination fees from a financial institution. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. AFFO per share for the second quarter increased 6.4%

Debt 130

Debt Capital Assets Asset Management 130

The Motley Fool

AUGUST 6, 2024

With 2023 revenue of $579 million, this business employs over 1,600 employees across seven global facilities and serves approximately 1,300 financial institutions in North America. Adjusted earnings per share for the quarter was $0.09, which reflected a non-GAAP tax rate of 59%. The Motley Fool has a disclosure policy.

Banks 130

Banks Leveraging Debt Shareholders 130

The Motley Fool

AUGUST 16, 2023

Income tax expense increased by 144% year on year to 11.1 billion renminbi due to pre-tax profit growth, increased withholding tax provision, and a true-up of deferred tax adjustments related to an overseas subsidiary. IFRS net profit attributable to equity holders was 26.2 billion renminbi, up 41% year on year.

Accounting 130

Accounting Leveraging Consulting Consultants 130