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Prudential Financial, Inc. Announces Third Quarter 2025 Results
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) today reported third quarter results. Net income attributable to Prudential Financial, Inc. was $1.431 billion ($4.01 per Common share) for the third quarter of 2025, compared to net income of $448 million ($1.24 per Common share) for the third quarter of 2024. After-tax adjusted operating income was $1.521 billion ($4.26 per Common share) for the third quarter of 2025, compared to $1.208 billion ($3.33 per Common share) for
MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds
BOSTON--(BUSINESS WIRE)--MFS releases closed end fund distribution income sources for certain funds for October 2025
Regional Management Corp. Completes $253 Million Asset-Backed Securitization
GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has completed a $253 million asset-backed securitization. The Regional Management Issuance Trust 2025-2 (RMIT 2025-2) notes were issued at a weighted-average coupon of 4.83% (a 47 basis point improvement over the prior RMIT 2025-1 issued notes), secured by $278 million of receivables, with a 2-year revolving period. The Class A notes of the securitization rece
Moelis & Company Reports Third Quarter and First Nine Months 2025 Financial Results; Declares Regular Quarterly Dividend of $0.65 Per Share
NEW YORK--(BUSINESS WIRE)--Moelis & Company reports Third Quarter and First Nine Months 2025 financial results; declares regular quarterly dividend of $0.65 per share
HF Sinclair Evaluates Strategic Pipeline Expansion to Western Markets
DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) today announced the evaluation of a multi-phased expansion of its Midstream refined products footprint across PADD 4 and PADD 5. This initiative is designed to address the increasing supply and demand imbalances in key western markets, particularly Nevada and multiple markets in California, resulting from announced refinery closures on the West Coast. HF Sinclair believes its current geographic footprint and infrastructure provide an
AXIS Capital Reports Third Quarter Net Income Available to Common Shareholders of $294 Million, or $3.74 Per Diluted Common Share and Operating Income of $255 Million, or $3.25 Per Diluted Common Share
PEMBROKE, Bermuda--(BUSINESS WIRE)---- $AXS #insurance--AXIS Capital Holdings Limited ("AXIS Capital" or "AXIS" or "the Company") (NYSE: AXS) today announced financial results for the third quarter ended September 30, 2025. Commenting on the third quarter 2025 financial results, Vince Tizzio, President and CEO of AXIS Capital said: "AXIS produced another strong quarter highlighted by a 14% year-over-year increase in diluted book value per common share, and annualized operating return on equity of 18%. These result
Redwood Trust Reports Third Quarter 2025 Financial Results; Record Production Volumes Advance Transition to Core Operating Model
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2025. Mortgage Banking Platforms Continue to Profitably Scale Record $6.8 billion of cumulative loan production across operating platforms; capital allocated to mortgage banking up 84% since the second quarter 2024 Delivered highest mortgage banking revenues sin
Morningstar, Inc. Reports Third-Quarter 2025 Financial Results
CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, reported third-quarter revenue growth with increases in operating and adjusted operating income and margins. “Morningstar Credit delivered a standout quarter driven by strong performance across asset classes and regions, while Morningstar Direct Platform and PitchBook also contributed meaningfully to consolidated growth," said Kunal Kapoor, Morningstar's chief executive officer. "W
Webster Financial Corporation Declares Common and Preferred Dividends
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable November 20, 2025, to shareholders of record as of November 10, 2025. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of whic
Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced the following monthly distribution on August 27, 2025: Ticker Amount of Distribution Ex-Date/Record Date Payable Date ZTR $0.05 October 14, 2025 October 30, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Sharehol
Pitney Bowes Declares Common Stock Dividend
STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE: PBI) announced that its Board of Directors has declared a quarterly cash dividend on the company’s common stock of $0.09 per share. The dividend will be paid on December 8, 2025, to stockholders of record on November 10, 2025. About Pitney Bowes Pitney Bowes (NYSE: PBI) is a technology-driven products and services company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world – includ
Pitney Bowes Discloses Financial Results for Third Quarter 2025 and Issues CEO Letter
STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world, today disclosed its financial results for the third quarter of 2025. In conjunction with this announcement, Pitney Bowes’ CEO, Kurt Wolf, has released a letter to shareholders to provide his commentary on the quarter and updates on strategic initiatives. Q3
Broadstone Net Lease Announces Third Quarter 2025 Results
VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces Third Quarter 2025 Results
M&A Partner Raul Beke Joins Dorsey in Seattle
SEATTLE--(BUSINESS WIRE)--Raul Beke has joined Dorsey & Whitney LLP as a Partner in the Mergers & Acquisitions group in Seattle, the international law firm announced today. Raul advises public and private companies on corporate governance, transactions, regulatory compliance, and commercial matters. His mergers and acquisitions practice spans domestic and cross-border transactions across a range of industries, representing both strategic and financial buyers and sellers. Raul is a trust
AM Best Upgrades Credit Ratings of AMERIND Risk Management Corporation
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of AMERIND Risk Management Corporation (AMERIND) (Pueblo of Santa Ana, NM). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect AMERIND’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile a
The Difference Card Appoints New Board Member, Bill Golden
GREENWICH, Conn.--(BUSINESS WIRE)-- #employeebenefits--EB Employee Solutions LLC (dba The Difference Card) in partnership with funds managed by Stone Point Capital LLC (Stone Point) announced today that Bill Golden, former Chief Executive Officer of UnitedHealthcare Employer and Individual business, will join the Board of Directors at The Difference Card. Bill Golden brings over 25 years of experience in healthcare management from UnitedHealth Group, where he held several senior roles. As CEO of the Employer and I
WSFS Financial Corporation Appoints Michelle Hong to Board of Directors
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS) today announced that Michelle Hong has been appointed to its Board of Directors, effective December 1, 2025. She will stand for election at the 2026 Annual Meeting of Shareholders. Hong currently serves as a corporate director of PECO, an Exelon company, and is the Vice Chair-elect of the National Association of Corporate Directors (NACD) in Philadelphia. Her extensive background in financial services includes her role
Rising Phoenix Capital Announces Strategic Eagle Ford Acquisition and Final Placement for Maroon Bells Income Fund
DALLAS--(BUSINESS WIRE)-- #alternativeinvestments--Rising Phoenix Capital, a Dallas-based investment firm specializing in oil and gas mineral royalties, today announced the acquisition of 249.05 net royalty acres (NRA) in the core of the Eagle Ford Shale, operated by EOG Resources Inc. and Lewis Energy Group. The acquisition marks the final placement for Maroon Bells LP, part of Rising Phoenix’s broader Income Strategy platform focused on acquiring producing mineral assets that generate steady, yield-driven returns. Wit
Bailey Brauer Co-Founder Alex Brauer Selected for Legal 500 US Elite List
DALLAS--(BUSINESS WIRE)--Bailey Brauer PLLC co-founder Alex Brauer has been named to the inaugural Legal 500 US Elite listing of the top complex commercial litigation attorneys in Dallas. For nearly 40 years, the Legal 500 legal guide has been at the forefront of honoring the top global law firms. The US Elite guide launched this year to highlight the exceptional work of small and midsize firms across the United States. “Law 500 could not get off to a better start in this new enterprise than by
CPI Card Group Partners With Karta to Deliver Groundbreaking Digital Security for Prepaid Cards
LITTLETON, Colo.--(BUSINESS WIRE)--CPI Card Group Inc. (Nasdaq: PMTS), a payments technology company providing a comprehensive range of payment cards and related digital solutions, today announced a strategic partnership with, and a minority equity investment in, Karta, an Australia-based prepaid program manager and payments technology firm. The partnership offers CPI clients an innovative solution for prepaid card security by integrating Karta’s patent-pending SafeToBuy technology with CPI’s U
