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. This quarter's higher RWA is largely due to seasonal effects, including higher client activity in Markets and higher risk weights on deferred tax assets, partially offset by lower Card loans.

Securities and Exchange Commission (SEC) 130

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

The Motley Fool

JULY 14, 2023

In banking and wealth management, revenue was up 59% year on year, driven by higher NII on higher rates. End-of-period deposits were down 4% quarter on quarter as customers continue to spend down their cash buffers, including for seasonal tax payments, and seek higher-yielding products. Investment banking revenue of 1.5

Banks 130

Banks Liabilities Capital Assets 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

JULY 12, 2024

We continue to generate strong fee-based revenue growth with increases across most categories compared to a year ago due to both the investments we're making in our businesses and favorable market conditions with particular strength in investment advisory, trading activities, and investment banking.

Banks 130

Banks Assets Investment Banking Investment Banks 130

The Motley Fool

APRIL 12, 2024

We continue to make investments in talent and technology to strengthen Corporate and Investment Banking. More than 50 new senior hires have joined our CIB since 2019, with many of these in key coverage and product groups within banking. Turning to Corporate and Investment Banking on Slide 14.

Banks 130

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

The Motley Fool

OCTOBER 11, 2024

We are also investing in our branches and have refurbished over 460 branches during the first three quarters of this year. We continue to hire proven leaders in our corporate investment bank. We also hired a new vice chair of corporate banking, who is focused on helping us continue to expand and grow that franchise.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

JANUARY 12, 2024

We've also been investing in the corporate investment bank. CIB revenue grew 26% from a year ago, and our investment banking and trading market shares increased. For commercial clients, we continued to invest in order to have the right people and the right capabilities to better penetrate our customer base.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

OCTOBER 25, 2024

Moving to interest, other income and taxes on Slide 11. And finally, the Q3 tax rate was 18%, with year-over-year increase driven by growth in higher tax geographies, the unfavorable impact of discrete items, and policy changes across the globe. Elyse Greenspan -- Analyst And then, my second question is on tax.

Taxes 130

Taxes Capital Debt Business Services 130

The Motley Fool

JULY 14, 2023

We had solid results in the quarter with revenue, pre-tax pre-provision profit, diluted earnings per share, and ROTCE all higher than a year ago. We named Barry Simmons as the new head of national sales and wealth and investment management. Turning to corporate investment banking on Slide 13.

Banks 130

Banks Assets Investment Banking Investment Banks 130

The Motley Fool

JANUARY 15, 2025

We created a strategic partnership with Centerbridge Partners and introduced Overland Advisors to better service our commercial banking customers with a direct lending product. We have targeted our investment banking capabilities toward our commercial banking clients. The opportunity remains significant.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

JULY 14, 2023

In banking, the momentum in investment-grade debt has spread into other DCM products. But the long-awaited rebound in investment banking has yet to materialize. And it was a disappointing quarter in terms of both the wallet and our own performance, with investment banking revenues down 24%.

Banks 130

Banks Capital Investment Banking Investment Banks 130

The Motley Fool

JANUARY 12, 2024

Investment banking revenue of 1.6 Gross investment banking and markets revenue of 924 million was up 32% year on year, primarily reflecting increased capital markets and M&A activity. Asset and wealth management reported net income of 925 million with pre-tax margin of 28%. Next, the CIB on Page 6.

Banks 130

Banks Capital Assets Investment Banking 130

The Motley Fool

FEBRUARY 15, 2024

We also expanded Zelman's investment banking capabilities into the commercial market in 2023. And in the fourth quarter, the investment banking team closed three transactions, albeit all in the single-family sector, that boosted revenues and expanded the W&D brand significantly.

Debt 100

Debt Financing Finance Banks 100

The Motley Fool

JANUARY 22, 2024

It's not a giant amount of money in the grand scheme of things, this is not a giant revenue center for the banks. At the end of the day, banks still make the bulk of their money on things like charging interest on loans, investment banking fees, mortgage origination fees. It's around 33% of Truist loans.

Banks 130

Banks Liabilities Debt Capital 130

The Motley Fool

FEBRUARY 2, 2024

Operating income grew 10% but was offset by a headwind from a higher tax rate in the quarter and nonoperating expense. For the full year, cash from operations increased $216 million year over year, or 7%, reflecting double-digit operating income growth and overall working capital optimization, partially offset by higher cash tax payments.

Capital 130

Capital Business Services Debt Shareholders 130

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: Release from all civil liabilities which a court — above bankruptcy court struck down and now we’re — we were nowhere, it’s a mess.

Banks 81

Banks Debt Financing Finance 81

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

OCTOBER 11, 2024

NII ex-markets was up $274 million or 1%, driven by the impact of balance sheet mix and securities reinvestment, higher revolving balances in card, and higher wholesale deposit balances, predominantly offset by lower deposit balances in banking and wealth management and deposit margin compression. billion with pre-tax margin of 33%.

Banks 130

Banks Assets Capital Mergers and Acquisitions 130

The Motley Fool

JANUARY 12, 2024

While activity picked up in the fourth quarter with revenues up 22%, overall banking revenue continued to be impacted by a weak wallet globally. Investment banking was up slightly for the year, and we finished 2023 as a fifth-leading franchise. Banking revenues decreased 15% to $4.6 We certainly aspire to be better.

Banks 130

Banks Capital Investment Banking Investment Banks 130

The Motley Fool

APRIL 23, 2024

I would note that our first quarter effective tax rate of 13.5% benefited from favorable discrete items and higher excess tax benefits recognized on stock-based comp vested in the period. For the remainder of the year, we expect the quarterly effective tax rate of 21% to 22% each quarter before any discrete items.

Mergers and Acquisitions 130

Mergers and Acquisitions Hedge Funds Asset Management Banks 130

The Motley Fool

JULY 28, 2023

And I think it also helps us to create and deliver the analytics that have historically driven our reinsurance business over to the large corporate clients who have a more acute need today to understand their risk and property exposure to climate change, as well as to cyber liability exposures. So, that's on the risk capital side.

Capital 100

Capital Business Services Debt Liabilities 100

The Big Picture

SEPTEMBER 12, 2022

KRISTEN BITTERLY MICHELL, HEAD OF NORTH AMERICAN INVESTMENTS, CITI GLOBAL WEALTH: It’s really interesting because I’m not someone that you would think would be the typical profile to end up in capital markets or — or sales and trading. there’s a big focus on how do we optimize for tax efficiency, too. And so, within the U.S.,

Banks 119

Banks Assets Capital Hedge Funds 119

The Motley Fool

JULY 10, 2024

We have engaged an investment bank, and they are currently in discussions with potential suitors on our behalf. Our net income reflects the provision of income tax rate of 23.2%. Advertising and promotion investment is projected to be between 5% and 6% of net sales. Net income of 19.8 compared to $1.38 in the prior year.

Leveraging 130

Leveraging Capital Funds Assets 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 27, 2023

Income taxes also increased as a result of better performance. Rafael Barcellos -- Santander Corporate and Investment Banking -- Analyst Good morning, and thanks for taking my question. Could you give us a sense as to how negotiations are progressing or not and what we should be thinking about in terms of liabilities?

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Assets Financing Finance 100

The Motley Fool

OCTOBER 17, 2024

As I shared with you last quarter, we have engaged in investment bank, and they are currently in discussions with potential suitors on our behalf. Advertising and promotion investment is projected to be around 6% of net sales. The provision for income tax is expected to be around 24%.

Leveraging 130

Leveraging Capital Companies Banks 130

The Motley Fool

OCTOBER 13, 2023

This helped drive investment banking revenue up 34%, albeit of a low base and a small wallet. Embedded in these results are divestiture-related impacts of approximately $214 million after tax, primarily driven by the Taiwan consumer business sale. And finally, banking revenues. billion, EPS of $1.63, and an ROTCE of 7.7%

Banks 130

Banks Capital Assets Accounting 130

The Motley Fool

FEBRUARY 23, 2024

This means the investment banks, the other parties, the real estate advisory firms, such that we are always the first they call when they think there's a compelling opportunity. And one small item, it's been in the press that there is some tax dispute underway at MGM National Harbor. They are a force multiplier for us.

Assets 130

Assets Capital Leveraging Debt 130

The Motley Fool

FEBRUARY 22, 2024

The decline in net income year over year was primarily due to Virbela impairment charges, increased agent growth incentive stock compensation and a higher effective tax rate. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Legal 100

Legal Management Fees Leveraging Accounting 100

Pension Pulse

JULY 4, 2023

While the consortium that has owned Thames since 2017 has yet to take a dividend out of it, its predecessor – the Australian bank Macquarie – has been widely criticised for its stewardship of the water company between 2006 and 2017. It has faced accusations of “asset stripping” and “ripping off the taxpayer” by not paying corporation tax.

Pension Funds 52

Pension Funds Debt Shareholders Stakes 52

The Motley Fool

SEPTEMBER 12, 2024

impairment and the associated taxes, the profit would have been approximately ZAR550 million rand. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. PGM operations. The loss for the period was ZAR7.2 billion, but after backing out the U.S. Some milestones.

Debt 130

Debt Capital Leveraging Assets 130

SEI

SEPTEMBER 17, 2022

That's always a challenge in the advisor business because of tax issues, because you're dealing with taxable investors. Dennis McGonigle: On the second part of the question, certainly rising interest rates helped the liability picture. So it's not really changing the overall funded status outlook as far as I've heard.

Assets 49

Assets Banks Asset Management Accounting 49

The Big Picture

FEBRUARY 28, 2023

I was actually running the Investment Banking Club at BYU, and you know, thought I was interested in that, interested in going to Wall Street. I was talking to one of our founders, he said, look, a lot of people think we’re in Zug for tax reasons. But we know what our future liabilities are, and we can ladder that out.

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 59

The Big Picture

APRIL 25, 2023

We of course can continue to negotiate around the fringes and help mitigate risk and optimize the transaction to fit a more ideal tax structure. HAMBURGER: And then they don’t look at the tax structure, right? People used to market all the time death, taxes, regulatory exams. That happens, right? HAMBURGER: It can.

Legal 64

Legal Law Firms Consultants Consulting 64

The Big Picture

JULY 2, 2024

So some people want liquidity, they’re gonna do accounts receivable if a big endowment or foundation is less concerned about regular demands on capital or future liabilities. You, you could show up in a way that isn’t taxing to them. 00:35:50 [Speaker Changed] Huh. Fair statement. 00:51:50 [Speaker Changed] Easy enough.

Legal 59

Legal Hedge Funds Financing Finance 59

The Motley Fool

AUGUST 3, 2023

We raised Alliant's 117th low-income tax credit fund during Q2, and we broadened our investment banking capabilities from predominantly single-family by hiring a new managing director focused on the commercial real estate market. The vast majority of our bankers and brokers are still with us.

Asset Management 100

Asset Management Financing Finance Debt 100

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 See you in the next one! Public Disclosure Copy.

Securities and Exchange Commission (SEC) 59

Securities and Exchange Commission (SEC) Education Consultants Consulting 59