Assured Guaranty Ltd Reports Results for First Quarter 2021 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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NEW YORK, April 30, 2021 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the Company or Firm ) today reported net income of $38.7 million or $3.07 basic earnings per share for the first quarter of 2021, an increase of approximately 400%, compared with net income of $7.8 million or $0.61 basic earnings per share for the first quarter of 2020. Revenue for the first quarter of 2021 was $373.3 million, an increase of 59%, compared to revenue of $234.8 million for the first quarter of 2020.
Albert G. Lowenthal,
Chairman and CEO commented, The Firm produced its best first quarter in its history following its best year in its history in 2020. Our performance reflected strong contributions across all of our businesses led by our Investment Banking Division. Our operating results were powered by a rapidly improving economy and optimism around the end of the pandemic as the availability of vaccines becomes more widespread. With contin
Pearl Valley Hotel - 12J Investment Fund biznews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznews.com Daily Mail and Mail on Sunday newspapers.
Aavas Financiers rose 1.09% to Rs 2295.95 after the housing financier reported 46% jump in net profit to Rs 87.61 crore on 23.5% rise in revenue from operations to Rs 289.41 crore in Q4 FY21 over Q4 FY20.
Profit before tax in Q4 March 2021 stood at Rs 94.98 crore, up 43.1% from Rs 66.37 crore in Q4 March 2020.
Aavas Financiers recorded 16.21% increase in net profit to Rs 289.49 crore on 22.3% rise in revenue from operations to Rs 1103.17 crore in the year ended 31 March 2021 over the year ended 31 March 2021.
Asset Under Management (AUM) as on 31 March 2021 is Rs 9454.30 crore of which home loans contributed 73.5% while other mortgage loans contributed 26.5%. The company s AUM has increased 21% from Rs 7796.1 crore as on 31 March 2020.
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NEW YORK, April 29, 2021 /PRNewswire/ AllianceBernstein L.P. ( AB ) and AllianceBernstein Holding L.P. ( AB Holding ) (NYSE: AB) today reported financial and operating results for the quarter ended March 31, 2021. Our globally diversified platform continued to drive balanced and consistent organic growth, in a dynamic market environment, said Seth P. Bernstein, President and CEO of AllianceBernstein. We generated active net inflows of $6.5 billion, or 4% annualized organic growth. Aligned with our firm strategy, net inflows across all three client channels were driven by strength in active equities (including ESG), alternatives, and municipals. Our investment teams delivered improved near-term fixed income performance and solid long-term performance on behalf of our clients, with over 65% of both fixed income and equity assets outperforming on a 5-year basis. Coupled with tight expense management and continued COVID-19 related cost savi