The Motley Fool

JULY 14, 2023

billion, or 8% year on year, primarily driven by higher compensation expense, including wage inflation and higher legal expense. The net reserve build included a 389 million build in the commercial bank, a $200 million build in card, and a 243 million release in corporate, all of which I will cover in more detail later. Expenses of 20.2

Banks 130

Banks Liabilities Capital Assets 130

The Motley Fool

OCTOBER 15, 2024

The strong year-over-year fee performance was led by a 15% improvement in investment in brokerage services, mostly in our global wealth management business. Bank of America's 23 million Zelle users are up 10% in the past 12 months and their volume usage is now up more than 20%. On Slide 15, you see Global Banking results.

Banks 130

Banks Leveraging Assets Capital 130

The Motley Fool

APRIL 12, 2024

The rebound in Banking gained speed during the quarter, led by near-record levels of investment-grade debt issuance as improved market conditions enables issuers to pull forward activity. Our strong performance in both DCM and ECM drove Investment Banking revenue growth of 35% and overall banking revenue growth of 49%.

Banks 130

Banks Mergers and Acquisitions Assets Investment Banks 130

The Motley Fool

AUGUST 14, 2024

million increase in accounting and audit fees related to finalizing our 2023 audit and increased legal costs related to our S-3 filing. million related to the impairment of intangible assets and our equity investment in Atomistic. Vuzix assumes no obligation to update these projections in the future as market conditions change.

Assets 130

Assets Legal Capital Companies 130

The Motley Fool

OCTOBER 15, 2024

It was a particularly pleasing quarter in banking. Despite the muted IPO market, investment banking fees are up 44%, that's driven by investment-grade debt issuance as our clients pulled forward activity ahead of the U.S. On Slide 13, we show the results for banking for the third quarter. for the quarter and 9.7%

Banks 130

Banks Assets Leveraging Capital 130

The Motley Fool

OCTOBER 11, 2024

billion or 17%, but excluding the prior year's net investment securities losses, it was up 10% on higher asset management and investment banking fees and markets revenue was up $535 million or 8% year on year. Next the Commercial and Investment Bank on Page 5. NIR ex-markets was up $1.8 Expenses of $22.6

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

The Motley Fool

APRIL 12, 2024

billion or 12% driven by higher firmwide asset management and Investment Banking fees as well as lower net investment securities losses. Next, the Corporate & Investment Bank on Page 5. Investment Banking revenue of $2 billion was up 27% year on year. Moving to the Commercial Bank on Page 6.

Securities and Exchange Commission (SEC) 130

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

The Motley Fool

JULY 12, 2024

billion or 21%, largely driven by higher investment banking revenue and asset management fees. Both periods included net investment securities losses. Next, the commercial and investment bank on Page 5. Our new commercial and investment bank reported net income of 5.9 NIR ex markets was up 7.3

Banks 130

Banks Capital Financing Finance 130

The Motley Fool

FEBRUARY 2, 2024

It seems like capital markets' activity is beginning to pick up and the investment banks are seeing that across the board. And listen, you can imagine, this is a market where we're highly connected to with clients and with all the banks and everyone else involved in the process. Good morning. Please proceed with your questions.

Capital 130

Capital Business Services Debt Shareholders 130

The Motley Fool

OCTOBER 13, 2023

This helped drive investment banking revenue up 34%, albeit of a low base and a small wallet. And finally, banking revenues. Excluding gains and losses on loan hedges were up 17%, driven by investment banking, which increased 34% on a reported basis and 12% excluding marks. So we just don't need replace them.

Banks 130

Banks Capital Assets Accounting 130

The Motley Fool

JULY 12, 2024

Our clients continued to access debt capital markets with investment-grade issuance near record levels. Investment banking fees were up 63% versus the prior year, and we've seen some healthy volumes associated with announced deals year to date, particularly in natural resources and technology. billion, with an ROTCE of 10.7%

Banks 130

Banks Capital Leveraging Assets 130

The Motley Fool

OCTOBER 25, 2024

Our free cash flow is being impacted by extraordinary items, including NFP transaction and integration charges, restructuring and legal settlement expenses we previously communicated. We continue to invest behind, it's got a lot of derivative connections, and we've really developed it in the downturn. We generated $1.7

Taxes 130

Taxes Capital Debt Business Services 130

The Motley Fool

FEBRUARY 22, 2024

So, Frame is -- I've referred to it in the past when we've talked about it as really kind of the do-it-yourself Metaverse, meaning that it doesn't, whereas Virbela was a fairly heavy application, you had to download a client and then those clients when you get into large enterprises, investment banks, etc.,

Legal 100

Legal Management Fees Leveraging Accounting 100

Pension Pulse

SEPTEMBER 28, 2023

Additional information Costa has appointed UBS Securities Australia as financial adviser and King & Wood Mallesons as legal adviser. million, lease liabilities of $582.9 million, equity accounted investments of $34.8 This release is authorised by the Costa Group Holdings Limited Board. Wells Fargo ranked No.

Shareholders 52

Shareholders Financing Finance Banks 52

The Motley Fool

SEPTEMBER 12, 2024

And then the legal industrial action that we had at Kroondal, specifically at our K6 and Kwezi shafts. This follows a three-year, nine-month process with no legal challenges and with the final decision issued with no objections, both of which are unprecedented in mining permitting processes in the U.S. Some milestones.

Debt 130

Debt Capital Leveraging Assets 130

The Big Picture

MAY 9, 2023

Investment banks were not really a known concept in the area where I grew up. It’s like what do I do, how do I address my needs, what are my liability structures, how do I make long-term investment decisions, and then how do I execute upon that overall advice through these individual investment opportunities.

Liabilities 119

Liabilities Assets Banks Hedge Funds 119

The Big Picture

JULY 2, 2024

Really a, a fascinating combination of legal insight and technology. So we got into Y Combinator the summer of 2016 just off of this legal analytics idea. Okay, I don’t think this legal analytics thing is gonna work out for you. He sounds more like a, a computer science geek than a a, a legal geek.

Legal 59

Legal Hedge Funds Financing Finance 59

The Big Picture

APRIL 25, 2023

And so, as advisors look to leave these big enterprises and go independent, one of the biggest things we need to train them on is the distinction between compliance, legal, and risk. RITHOLTZ: Compliance, legal, and risk. So, it’s not a legally binding document, but it’s a goodwill problem, right? HAMBURGER: Exactly.

Legal 64

Legal Law Firms Consultants Consulting 64

The Big Picture

AUGUST 8, 2022

In the financial crisis, let’s remember, Goldman Sachs and Morgan Stanley became bank holding companies. ADMATI: They were investment banks. ADMATI: And so, now, that’s my current interest, which is the corporation, as a legal person, they are not a set of assets owned by shareholders. RITHOLTZ: Right. In the U.S.,

Banks 81

Banks Debt Financing Finance 81

The Big Picture

MAY 23, 2023

Yes, I did some legal stuff and rank stuff but I, you know, I went in on the weekends when we did the stock certificate count. GREW: So, I got a call and this one was ultimately from a recruiter who’s working for Lehman Brothers, an investment bank, a bond house. RITHOLTZ: Sure, all the little banking things, yeah.

Hedge Funds 64

Hedge Funds Financing Finance Funds 64

The Big Picture

JULY 24, 2023

And so for the longest time, I actually thought that my unconventional background, I wasn’t an Ivy League student, I didn’t train at an investment bank, I wasn’t working for a hedge fund, I started my career as a bank teller. Legal immigration has been trending lower since the Gulf War in 2003.

Banks 52

Banks Hedge Funds Debt Legal 52

Pension Pulse

JULY 4, 2023

consortium, led by Australian investment bank Macquarie, that acquired Thames Water from Germany’s RWE AG for £8 billion. There's no indication that Macquarie or anyone named in this article did anything legally wrong at Thames Water, but the financial gyrations it performed as the utility's owner are contentious. "I

Pension Funds 52

Pension Funds Debt Shareholders Stakes 52

Sara Grillo

SEPTEMBER 26, 2022

They settle, I remember reading a study that they settled 80% to 90% of the time they settle, and then the problem with those settlements is that the client can’t go take it to a civil court and try to get their money back or try and sue for liability, it’s just… 1:07:37.7 Grillo: Next question.

Securities and Exchange Commission (SEC) 59

Securities and Exchange Commission (SEC) Education Consultants Consulting 59

The Motley Fool

JANUARY 15, 2025

Excluding the prior year's net investment securities losses, it was up 21%, largely on higher asset management fees and investment banking fees. Next, the commercial and investment bank on Page 6. billion were up 7% year on year, predominantly driven by higher brokerage, technology, and legal expense.

Banks 243

Banks Investment Banking Investment Banks Capital 243

The Motley Fool

JANUARY 15, 2025

Banking was up 32% as we gained share across all three investment banking products. 2024 was the turning point for wealth as we sharpened our focus on investments, rightsized the expense base, and improved the client experience. Banking revenues increased 32% to $6.2 Markets revenues increased 6% to $19.8

Banks 246

Banks Leveraging Assets Capital 246

The Big Picture

JANUARY 7, 2025

I was in my early thirties, I didn’t have a mortgage, I didn’t have kids, I had very few liabilities. It’s also legal and regulatory. If you look at the m and a volumes at at most of the major investment banks, including at Raymond G’s volumes came down. There’s not that many participants.

Capital 52

Capital Hedge Funds Buyout Funds 52