Latest Financial Services News

Global Payments delivered 10% growth in adjusted third-quarter EPS and raised its annual run-rate Worldpay integration synergy target to US$650 million. The company reaffirmed its 2026 outlook, although a wide gap between GAAP and adjusted results keeps integration costs in focus.

Count Group (ASX:CUP) will acquire 75% of Skybridge Financial in its largest equity partnership investment to date, combining a regional accounting platform with $1.4 billion of funds under advice. The deal is being funded partly through a fully underwritten A$25 million placement and is expected to be mid to high single-digit EPS accretive in FY2027 before synergies.

Corpay delivered 18% revenue growth and a 32% increase in adjusted diluted earnings per share in the third quarter, prompting a higher full-year outlook. The company is also using substantial cash resources for share buybacks and debt reduction.

COG Financial Services has opened FY2027 with a sharp earnings increase, driven by a major acceleration in salary packaging and novated leasing. The company is targeting EBITDA to shareholders growth of 10% or better for the full year, although the quarterly figures remain unaudited and acquisition effects complicate comparisons.

Block delivered a stronger-than-expected third quarter, lifting its 2026 guidance after gross profit rose 22% and adjusted operating income nearly doubled. The fintech is also placing a substantial bet on AI, lending and the connection between Square sellers and Cash App users.

Fiserv has reported a US$6.45 billion non-cash goodwill impairment, sending GAAP earnings deeply negative despite adjusted EPS of US$1.75. The payments group reaffirmed its 2026 outlook while doubling its Project Elevate savings target to US$1 billion.

Apollo delivered record fee-related earnings and crossed US$1 trillion in assets under management, but higher interest rates pushed the alternative asset manager to a US$1.1 billion GAAP loss. The quarter also brought record origination and a quarterly dividend of US$0.5625 per share.

Loews Corporation (NYSE:L) reported third-quarter net income of US$306 million, down 39% from a year earlier, after CNA’s long-term care reserve review cut attributable earnings by US$125 million. Stronger hotel performance and share buybacks offered some support, but CNA’s underwriting trends remain a central concern.

Global Masters Fund will pay its first-ever dividend, a 15.0 cent per share special distribution that is fully franked and sourced from taxable capital gains. The payment marks a deliberate transition for the listed investment company, not the start of a regular dividend stream.

AMP says it knows of no undisclosed information behind a sharp intraday move in its shares, after ASX questioned a fall from $2.51 to $2.22. The company pointed instead to lower third-quarter profit at China Life Pension Company, while leaving its FY26 partnerships guidance unchanged.

hummgroup delivered 13.7% volume growth in the first quarter while holding group margins steady and improving cost efficiency. The more consequential move was a decision to exit its loss-making Canadian business, although the method, timing and one-off costs remain unresolved.

Euroz Hartleys has completed the sale of its Capital Markets business to BMO Financial Group for A$145 million, subject to completion adjustments. The ASX-listed company will now focus on private wealth and expects to return the post-tax proceeds to shareholders through a fully franked special dividend and an equal return of capital.