Press release content from PR Newswire. The AP news staff was not involved in its creation.
Newfleet Asset Management and Virtus ETFs Introduce Actively Managed Securitized Debt ETF
February 10, 2021 GMT
(PRNewsfoto/InfraCap MLP ETF)
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The Virtus Newfleet ABS/MBS ETF seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. By utilizing Newfleet’s disciplined, time-tested investment process and rigorous risk management approach, the actively managed ETF expects to invest in asset-backed and mortgage-backed securities with competitive yield and current income across undervalued areas of securitized credit markets.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Releases Research: Technology and Banking Accelerating Into the Future
February 8, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 8, 2021
Kroll Bond Rating Agency (KBRA) releases research which provides our current views on how technology is reshaping the community and regional banking sector. We examine technology’s paradigm shift in how banks interact with consumers and commercial entities and COVID-19’s impact on accelerating the financial industry’s digital transformation.
The report focuses on three key areas including lending, deposits, and processing with specific examples and benchmarking from within KBRA’s rated universe of banks. In addition, the report provides KBRA’s view on technology-forward banking models including digital banks, payments-oriented banks, banking-as-a-service models, and others, to determine how they have already brought lasting changes to the banki
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Delaware Based WSFS Institutional Services Ranks Sixth in the Securitization Industry in the Nation
WSFS Financial CorporationFebruary 8, 2021 GMT
WILMINGTON, Del., Feb. 08, 2021 (GLOBE NEWSWIRE) WSFS Institutional Services®, a division of WSFS Bank (Nasdaq: WSFS), ranked as the sixth-most active trustee for U.S. Asset and Mortgage Backed Securities in 2020, according to Asset-Backed Alert’s ABS Database. Of the twelve trustee companies that were ranked, WSFS Institutional Services was one of only two trustees experiencing growth last year; it had the highest growth rate at 9.9%.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Berry Global Group, Inc. Reports Strong First Quarter 2021 Results; Raises Fiscal Year 2021 Earnings Guidance
February 5, 2021 GMT
EVANSVILLE, Ind. (BUSINESS WIRE) Feb 5, 2021
Berry Global Group, Inc. (NYSE:BERY), a leading supplier of sustainable packaging solutions for consumer goods and industrial products, today reported its first fiscal quarter 2021 results, referred to in the following as the December 2020 quarter.
First Quarter Highlights
Operating income up 53 percent to $304 million
Operating EBITDA up 20 percent to $539 million
Net income per diluted share up 174 percent to $0.96
Adjusted net income per diluted share increase of 100 percent to $1.12