Private Equity Wire

OCTOBER 22, 2024

Despite the UK being a strong hub for PE and VC investment, recent geopolitical tensions and shifts in the UK’s tax policy—particularly regarding carried interest—have added new layers of scrutiny. This influx has increased insurer capacity, especially in the London market, providing Private Equity managers with better options.

Mergers and Acquisitions 92

Mergers and Acquisitions Financial Institutions Liabilities Venture Capital 92

The Motley Fool

JULY 18, 2024

Our consolidated pre-tax income increased 1% to $1.8 billion on a 2% increase in revenues to $10 billion, with a pre-tax profit margin of 18.1%. We anticipate a financial services pre-tax profit margin of around 35% in the fourth quarter, and we expect our quarterly income tax rate to be approximately 24% to 24.3%.

Securities and Exchange Commission (SEC) 243

Securities and Exchange Commission (SEC) Capital Taxes Shareholders 243

The Motley Fool

APRIL 18, 2024

Moving to operational results in dealer financial services, within auto, we decisioned a record 3.8 Our Dealer Financial Services platform revolves around the dealer, deepening those relationships and providing a comprehensive value proposition to help grow their businesses. Adjusted noninterest expense of $1.3

Taxes 130

Taxes Banks Finance Financing 130

The Motley Fool

JANUARY 25, 2024

When you look at what Goldman traditionally does, you look at the other financial services providers out there that focus on different areas in the market, this is just consumer was not something where Goldman just traditionally had a lot of exposure or expertise for that matter. If you're in a higher tax bracket today, take the loss.

Investors 130

Investors Taxes Banks Education 130

The Motley Fool

FEBRUARY 8, 2024

Next, a change in profit before income tax for nine months and compared to the same period last fiscal year. Profit before income taxes, despite a decrease in equity method profit mainly from China due to an increase in operating profit, interest income, and other profits was increased by JPY 405.1 billion, financial services, JPY 204.8

Taxes 245

Taxes Finance Financing Capital 245

The Motley Fool

JULY 23, 2024

Starting with performance, Google Services delivered revenues of $73.9 Search and other revenues grew 14% year on year, led by growth in the retail vertical followed by financial services. Within Google Services, revenues were $73.9 Ruth Porat -- President and Chief Investment Officer, Chief Financial Officer Absolutely.

Depreciation 246

Depreciation Bidding Leveraging Liabilities 246

The Motley Fool

NOVEMBER 10, 2023

In our third priority, to expand financial services business, MSMB TPV continued to grow consistently at a strong pace, increasing 20% year over year and more than twice the industry rate. Moving to highlights of our financial services segment on Page 6. In the third quarter of '23, revenue in the segment increased to 2.7

Banks 147

Banks Securities and Exchange Commission (SEC) Taxes Financial Services 147

The Motley Fool

NOVEMBER 8, 2024

Key verticals to call out includes life science and healthcare, emerging markets, and, notably, financial services and software and biotech, which both returned to sequential growth this quarter. Therefore, the positive impact of the Polish R&D incentive on IFO, net of the increase in the GAAP effective tax rate, contributed $0.62

Taxes 130

Taxes Financial Services Consulting Consultants 130

The Motley Fool

AUGUST 17, 2023

Our third priority consisted on focusing the expansion of our financial services business. The financial services segment presented healthy TPV and client base growth and showed improvements in monetization from clients. I'm going to start with the highlights of our financial services segment on Page 6.

Banks 228

Banks Leveraging Financial Services Securities and Exchange Commission (SEC) 228

The Motley Fool

NOVEMBER 26, 2024

And with CrowdStrike Financial Services, we bring even more tangible financial value to CFOs, deepening our relationship and relevance to this increasingly important CXO persona. CFS gives customers financial flexibility while driving larger deals, faster deal cycles, and longer subscription duration.

Leveraging 246

Leveraging Financial Services Professional Services Accounting 246

The Motley Fool

MAY 30, 2024

After experiencing a catastrophic cyberattack last year, a large financial services new logo customer purchased our ZIA data protection and ZDX pillars for 25,000 users in a seven-figure ACV multiyear deal. Our differentiated Zero Trust and proxy-based architecture is foundational to delivering superior security.

Banks 246

Banks Leveraging Consulting Consultants 246

The Motley Fool

OCTOBER 29, 2024

Horton team produced solid results to finish the year, highlighted by consolidated pre-tax income of $1.7 billion on revenues of $10 billion, with a pre-tax profit margin of 17.1%. For the year, earnings per diluted share increased 4% to $14.34, and our consolidated pre-tax income was $6.3 billion on revenues of $36.8

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Leveraging 130

The Motley Fool

JANUARY 19, 2024

Within dealer financial services, 22,000 dealer relationships resulted in nearly 14 million consumer auto applications in 2023, a record for Ally. Both dealer financial services and Ally Bank have a robust scale but remain nimble and able to pivot in response to evolving market dynamics. and $0.45, respectively.

Finance 130

Finance Financing Taxes Banks 130

The Motley Fool

MAY 2, 2024

Amrita Ahuja -- Chief Financial Officer Tim, thanks for the question. Our top strategic priority, as you know, for Cash App is banking our base, which is about bringing more financial services to our 57 million monthly actives. Alex Markgraff -- KeyBanc Capital Markets -- Analyst Just a couple on tax in direct deposit.

Banks 130

Banks Taxes Leveraging Financial Services 130

The Motley Fool

APRIL 6, 2024

Related to that, once you've gone through this process, you'll have created a handy document that you can use when you meet with pros such as an estate planning attorney, financial planner, and account because they're going to want to know everything about your finances. So again, financial planner, tax accountant, attorney.

Accounting 130

Accounting Liabilities Finance Financing 130

The Big Picture

MAY 9, 2023

So how do you then go from tax and audit practice to finance and investing? And again, I ended up in the financial services audit practice at KPMG. If I’d moved to Hong Kong, I think it would have looked like a fairly self-serving tax trade. That background of being an accountant was just great bedrock training.

Liabilities 119

Liabilities Assets Banks Hedge Funds 119

Fortune Financial

SEPTEMBER 25, 2023

Tax Considerations Be mindful of tax implications related to your goals. Certain investments or strategies may offer tax advantages, while others could result in higher tax liabilities. Chartered Financial Analyst (CFA) CFAs are experts in investment management and analysis.

Securities and Exchange Commission (SEC) 59

Securities and Exchange Commission (SEC) Fee Structure Education Taxes 59

The Motley Fool

AUGUST 14, 2024

Additionally, as part of our liability management strategy, we allocated $295 million to the tender offer for our 2028 bonds, achieving nearly 60% participation. Now, let's dive further into our financial services segment performance on Slides 5 to 9. million active clients. These resulted in segment revenue of 2.8

Banks 130

Banks Capital Securities and Exchange Commission (SEC) Financial Services 130

The Motley Fool

OCTOBER 31, 2023

We closed multiple new wins with leading automotive, aerospace, financial services, pharmaceutical, and technology customers, and the number of enterprise customers actively testing EPYC platforms on-prem increased significantly quarter on quarter. Taxes, interest expense, and other was $141 million. Operating expenses were $1.7

Banks 246

Banks Portfolios Taxes Prospects 246

The Motley Fool

AUGUST 6, 2024

We think the next tranche of demand is likely to come from the AI model inference phase, probably with forward-thinking enterprises who see AI as a way to transform their businesses, think financial services, healthcare and retailers to start. We pay tax on that cash. It's older, it's behind us.

Taxes 130

Taxes Assets Debt Leveraging 130

The Motley Fool

MARCH 4, 2024

In 2023, we achieved profitability, strengthened our market leadership for our e-commerce business, grew our digital financial services business, and stabilized the performance of our digital entertainment business. Turning to our digital financial services segment. As we scale, we will remain prudent on risk management.

Financial Services 130

Financial Services Banks Taxes Returns 130

The Motley Fool

OCTOBER 10, 2024

I'm in Miami today, together with Jon Jaffe, our co-CEO and president; Diane Bessette, our chief financial officer; David Collins, who you just heard from, our controller; and Vice President Bruce Gross -- and Bruce Gross, our CEO of Lennar Financial Services; and a few others are here as well. per share for the quarter.

Assets 246

Assets Capital Debt Shareholders 246

Fortune Financial

SEPTEMBER 25, 2023

Tax Considerations Be mindful of tax implications related to your goals. Certain investments or strategies may offer tax advantages, while others could result in higher tax liabilities. Chartered Financial Analyst (CFA) CFAs are experts in investment management and analysis.

Securities and Exchange Commission (SEC) 52

Securities and Exchange Commission (SEC) Fee Structure Education Taxes 52

The Motley Fool

NOVEMBER 12, 2024

Next, turning to digital financial services. We are well-positioned to grow our credit business and offer more financial services to address the huge underserved demand in our markets. This was primarily driven by GMV growth of our e-commerce business and the growth of our digital financial services business.

Financial Services 130

Financial Services Leveraging Finance Financing 130

The Motley Fool

MAY 9, 2024

Financial services decreased 10.3% Revenue in the quarter was impacted primarily by the ramp down of work within our financial services vertical. Our GAAP effective tax rate for the quarter came in at 6%, which included a higher level of excess tax benefits related to stock-based compensation.

Taxes 130

Taxes Consulting Consultants Banks 130

The Motley Fool

FEBRUARY 22, 2024

Where cohorts saw strength in software and banking offset softness in processing volumes during the year, Cash App benefited from growth in inflows per active, driven by financial services products and monetization from pricing changes. In the fourth quarter, gross profit was $2.03 billion, up 22% year over year. Please go ahead.

Banks 130

Banks Financial Services Leveraging Shareholders 130

The Motley Fool

OCTOBER 25, 2023

Servicing generated 301 million in pre-tax income, although bear in mind the gain from the trust collapse contributed 67 million. I'm going to start on Slide 7 and talk about servicing where we generated a record 301 million in pre-tax operating income this quarter. Now, let's turn to Slide 12.

Mergers and Acquisitions 100

Mergers and Acquisitions Taxes Banks Capital 100

The Motley Fool

AUGUST 8, 2024

In the second quarter, we delivered very strong growth in our healthcare and life sciences vertical and strong growth in our emerging verticals, where we also saw some slight sequential improvements in financial services. Financial Services decreased 5.6% We expect our GAAP effective tax rate to now be 21%.

Taxes 130

Taxes Consulting Consultants Leveraging 130

The Motley Fool

JANUARY 23, 2024

Our consolidated pre-tax income was $1.2 billion, with a pre-tax profit margin of 16.1%. Jessica Hansen -- Vice President, Investor Relations Forestar, our majority-owned residential lot development company, reported revenues of $306 million for the first quarter on 3,150 lots sold, with pre-tax income of $51 million.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Leveraging Taxes 130

The Motley Fool

OCTOBER 31, 2024

This is a fantastic example of the value we can deliver when we combine the proposition of our acquisitions, data, and other service offerings. People want greater choice, control, and access to financial services. For reference, Q3 year-to-date 2024, this benefit had the impact of reducing our tax rate by approximately 4%.

Banks 130

Banks Taxes Accounting Portfolios 130

The Motley Fool

JULY 30, 2024

We closed multiple large wins in the quarter with financial services, technology, healthcare, retail, manufacturing, and transportation customers, including Adobe, Boeing, Industrial Light & Magic, Optiver, and Siemens. Taxes, interest expense, and other was $138 million. Operating expenses were $1.8 Operating income was $1.3

Leveraging 246

Leveraging Banks Portfolios Taxes 246

The Motley Fool

JULY 19, 2023

billion despite seasonal headwinds related to tax payments and a host of other factors pressuring deposit flows. We recently completed another company engagement survey, and I'm proud that we remained in the top 10% of global companies and were eight points higher than the financial services benchmark. Turning to liabilities.

Banks 130

Banks Finance Financing Assets 130

The Motley Fool

JANUARY 22, 2024

The average cost of its interest-bearing liabilities, which primarily means its deposit base, is up by 164 basis points here every year, so 1.64%. What are you thinking about commercial loan liability for regionals right now? Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company.

Banks 130

Banks Liabilities Debt Capital 130

The Motley Fool

MARCH 14, 2024

I'm in Miami today, together with Jon Jaffe, our co-CEO and president; Diane Bessette, our chief financial officer; David Collins, who you just heard from, our controller and vice president; Bruce Gross, our CEO of Lennar Financial Services; and a few others are here with us as well. So, starting with financial services.

Debt 147

Debt Capital Banks Leveraging 147

The Motley Fool

JULY 2, 2024

There's a lot of short-term liabilities coming up for Carnival, but that is in unearned revenue. It adjusts for inflation every year, and it's at least partially tax-free. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. and Discover Financial Services.

Debt 130

Debt Taxes Banks Accounting 130

The Motley Fool

FEBRUARY 15, 2024

Financial services contracted 7.1%, driven by declines in banking, partially offset by work performed from marketplace exchange and finance information and analytics clients. Our GAAP effective tax rate for the quarter came in at 23.4% Our GAAP effective tax rate for the year was 22.3%. In Q4, there were approximately 58.9

Consulting 100

Consulting Taxes Consultants Leveraging 100

The Motley Fool

MAY 14, 2024

Next, turning to digital financial services. In the first quarter, our digital financial services revenue grew 21% and adjusted EBITDA grew 50% year on year. We anticipate further growth for our digital financial services business throughout the year. Finally, turning to our digital entertainment business.

Mergers and Acquisitions 130

Mergers and Acquisitions Financial Services Banks Taxes 130