Shares of companies in the broader financials sector are trading lower following the Fed's Wednesday rate decision. Further Fed rate hikes could drive an economic slowdown and negatively impact the M&A and IPO environments.

9/23/22 11:59:14 AM ET

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Shares of companies in the broader financials sector are trading lower following the Fed's Wednesday rate decision. Further Fed rate hikes could drive an economic slowdown and negatively impact the M&A and IPO environments.

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Recent Analyst Ratings for
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Company	Date	Price Target	Rating	Analyst
Prudential Financial Inc. $PRU	11/14/2024	$117.00 → $140.00	Underperform → In-line	Evercore ISI
Jackson Financial Inc. $JXN	11/14/2024	$74.00 → $95.00	In-line → Underperform	Evercore ISI
Nomura Holdings Inc ADR $NMR	10/22/2024		Neutral	BofA Securities
Aegon Ltd. New York Registry Shares $AEG	10/22/2024		Neutral → Buy	UBS
Axos Financial Inc. $AX	10/11/2024	$82.00	Buy	Needham
Raymond James Financial Inc. $RJF	10/9/2024	$146.00	Mkt Perform → Mkt Outperform	JMP Securities
Prudential Financial Inc. $PRU	10/9/2024	$130.00	Hold	TD Cowen
MetLife Inc. $MET	10/9/2024	$97.00	Buy	TD Cowen

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Press Releases

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BNY Mellon High Yield Strategies Fund Declares Dividend
On November 21, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on December 20, 2024, to shareholders of record at the close of business on December 6, 2024. The ex-dividend date is December 6, 2024. The previous dividend declared in October was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world's largest asset managers, with $2.1 trillion in assets under management as of September 30, 2024. Thro
11/21/24 4:07:00 PM ET
$BK
$DHF
Major Banks
Finance
Finance Companies
LPL Financial Reports Monthly Activity for October 2024
SAN DIEGO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC ("LPL Financial"), a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA) (the "Company"), today released its monthly activity report for October 2024. Total advisory and brokerage assets at the end of October were $1.67 trillion, an increase of $81.2 billion, or 5.1%, compared to the end of September 2024. Total net new assets for October were $96.6 billion, which included $88.0 billion of acquired net new assets resulting from the acquisition of Atria Wealth Solutions, Inc. ("Atria") and $0.3 billion of acquired net new assets resulting from Liquidity & Succession activity. Total organic net new assets for
11/21/24 4:05:00 PM ET
$LPLA
Investment Bankers/Brokers/Service
Finance
BNY to Manage U.S. Department of the Treasury's Largest Prepaid Debit Card Program for Federal Benefits - Direct Express®
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), a global financial services company, has been selected by the U.S. Department of the Treasury's Bureau of the Fiscal Service ("Fiscal Service") as the financial agent for the Direct Express® prepaid debit card program. The 5-year agreement begins on January 3, 2025. The Direct Express® prepaid debit card provides secure, easy access to federal benefit payments for approximately 3.4 million Americans1. After evaluating proposals from multiple financial institutions, Fiscal Service selected BNY due to the expansive suite of customer service options that will better target Treasury's unique custo
11/21/24 11:10:00 AM ET
$BK
Major Banks
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Leadership Updates

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TerraForm Power Names Mark Noyes as CEO
NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- TerraForm Power, a leading developer, builder, and operator of renewable power, announced today that it has named Mark Noyes as Chief Executive Officer and President to further the company's strategy across existing and new opportunities for growth. Mr. Noyes brings with him over 30 years of experience in the energy sector and joins TerraForm Power from RWE Clean Energy's leadership team where he was the Chief Executive Officer. Under his leadership, RWE Clean Energy grew significantly through both development and acquisition, ending 2023 with 10,000 megawatts of operating assets and a 30,000-megawatt pipeline. Prior to his role at RWE Clean E
11/19/24 12:03:39 PM ET
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$BEP
Other Consumer Services
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Electric Utilities: Central
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Certain Closed-end Funds Advised by Franklin Templeton Fund Adviser, LLC Announce Appointment of New Chair and Directors
BrandywineGLOBAL – Global Income Opportunities Fund Inc. ("BWG") Clarion Partners Real Estate Income Fund Inc. ("CPREIF") ClearBridge Energy Midstream Opportunity Fund Inc. ("EMO") LMP Capital and Income Fund Inc. ("SCD") Western Asset Diversified Income Fund ("WDI") Western Asset Emerging Markets Debt Fund Inc. ("EMD") Western Asset Global Corporate Opportunity Fund Inc. ("GDO") Western Asset Global High Income Fund Inc. ("EHI") Western Asset High Income Fund II Inc. ("HIX") Western Asset High Income Opportunity Fund Inc. ("HIO") Western Asset High Yield Defined Opportunity Fund Inc. ("HYI") Western Asset Intermediate Muni Fund Inc. ("SBI") Western Asset Investment
11/15/24 8:00:00 AM ET
$BWG
$DMO
$EHI
$EMD
Finance/Investors Services
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Trusts Except Educational Religious and Charitable
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Evercore Wealth Management Names Tracy Schneider to Managing Director and Director of Marketing and Sales Coordination
Evercore Wealth Management today announced the appointment of Tracy Schneider to managing director and director of marketing and sales coordination. Based in New York City, Ms. Schneider manages the firm's marketing efforts and works with Evercore Wealth Management and Evercore Trust Company advisors to serve ultra-high-net-worth families, foundations and endowments. Ms. Schneider joins Evercore from J.P. Morgan Wealth Management, where she was an executive director in an ultra-high-net-worth advisory team, and previously led the ultra-high-net-worth advisor marketing program. Prior to J.P. Morgan, she was a director at AllianceBernstein, in the private wealth management group. "We are
11/13/24 8:00:00 AM ET
$EVR
Investment Managers
Finance

BNY Mellon High Yield Strategies Fund Declares Dividend
On November 21, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on December 20, 2024, to shareholders of record at the close of business on December 6, 2024. The ex-dividend date is December 6, 2024. The previous dividend declared in October was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world's largest asset managers, with $2.1 trillion in assets under management as of September 30, 2024. Thro
11/21/24 4:07:00 PM ET
$BK
$DHF
Major Banks
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Finance Companies
Manulife announces $5.4 billion reinsurance transaction, including $2.4 billion of long-term care, with RGA
Transacting on a younger LTC block further validates LTC reserves and assumptionsAnother milestone transaction that optimizes our portfolio$0.8 billion capital release will be returned to shareholders via share buybacksConference call to be held Thursday, November 21, 2024, at 8:00 a.m. ET; details below TSX/NYSE/PSE: MFC SEHK: 945 C$ unless otherwise stated TORONTO, Nov. 20, 2024 /PRNewswire/ - Manulife Financial Corporation ("Manulife" or the "Company") announced today that it has entered into a $5.4 billion1 reinsurance agreement with Reinsurance Group of America ("RGA"), including $2.4 billion of long-term care
11/20/24 4:30:00 PM ET
$MFC
$RGA
Life Insurance
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XP Inc. Reports Third Quarter 2024 Results
XP Inc. (NASDAQ:XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the third quarter of 2024. Summary Operating Metrics (unaudited) 3Q24 3Q23 YoY 2Q24 QoQ Total Client Assets (in R$ bn) 1,213 1,080 12% 1,167 4% Total Net Inflow (in R$ bn) 31 48 -36% 32 -3% Annualized Retail Take Rate 1.33% 1.34% -1 bps 1.29% 4 bps Active Clients (in '000s) 4,659 4,413 6% 4,626 1%
11/19/24 4:10:00 PM ET
$XP
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Shares of companies in the broader financials sector are trading lower following the Fed's Wednesday rate decision. Further Fed rate hikes could drive an economic slowdown and negatively impact the M&A and IPO environments.

Chat with this insight

Recent Analyst Ratings for $AEG$AMP$AX$BAM

$AEG$AMP$AX$BAM Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by ClearBridge Energy Midstream Opportunity Fund Inc.

Amendment: SEC Form SC 13G/A filed by Prudential Financial Inc.

Amendment: SEC Form SC 13G/A filed by Prudential Financial Inc.

$AEG$AMP$AX$BAM Market Insights

Live Market Insights

JP Morgan Maintains Overweight on Raymond James Finl, Lowers Price Target to $135

Keefe, Bruyette & Woods Maintains Market Perform on Evercore, Raises Price Target to $245

Goldman Sachs Maintains Neutral on Evercore, Raises Price Target to $251

$AEG$AMP$AX$BAM Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Meaney William L bought $10,551 worth of shares (140 units at $75.37) and sold $2,212 worth of shares (30 units at $73.72), increasing direct ownership by 0.23% to 21,512 units (SEC Form 4)

Chief Financial Officer Pangburn Marc T. bought $100,485 worth of shares (3,500 units at $28.71), increasing direct ownership by 7% to 56,791 units (SEC Form 4)

Equitable Holdings, Inc. bought $24,581,900 worth of Units (700,000 units at $35.12) (SEC Form 4)

$AEG$AMP$AX$BAM Press Releases

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BNY Mellon High Yield Strategies Fund Declares Dividend

LPL Financial Reports Monthly Activity for October 2024

BNY to Manage U.S. Department of the Treasury's Largest Prepaid Debit Card Program for Federal Benefits - Direct Express®

$AEG$AMP$AX$BAM Analyst Ratings

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Prudential upgraded by Evercore ISI with a new price target

Jackson Financial downgraded by Evercore ISI with a new price target

BofA Securities resumed coverage on Nomura Holdings

$AEG$AMP$AX$BAM SEC Filings

SEC Form 144 filed by Evercore Inc.

SEC Form 144 filed by MetLife Inc.

SEC Form 144 filed by Evercore Inc.

$AEG$AMP$AX$BAM Leadership Updates

Live Leadership Updates

TerraForm Power Names Mark Noyes as CEO

Certain Closed-end Funds Advised by Franklin Templeton Fund Adviser, LLC Announce Appointment of New Chair and Directors

Evercore Wealth Management Names Tracy Schneider to Managing Director and Director of Marketing and Sales Coordination

$AEG$AMP$AX$BAM Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

New insider Grillo Anthony claimed no ownership of stock in the company (SEC Form 3)

New insider Charters Jennifer claimed no ownership of stock in the company (SEC Form 3)

New insider Sale Hillary A claimed no ownership of stock in the company (SEC Form 3)

$AEG$AMP$AX$BAM Financials

Live finance-specific insights

BNY Mellon High Yield Strategies Fund Declares Dividend

Manulife announces $5.4 billion reinsurance transaction, including $2.4 billion of long-term care, with RGA

XP Inc. Reports Third Quarter 2024 Results

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SEC Filings

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