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Yahoo
05-07-2025
- Business
- Yahoo
2 FTSE 100 stocks to consider for a second (or third) income!
Earning a second income through dividend shares is a great way of dealing with the ever-increasing cost of living or helping to save for old age. With this in mind, here are a couple of blue-chip income stocks that are worthy of further research. Legal & General (LSE:LGEN), the pensions, asset management and insurance group, should benefit from an ageing population. And cash-strapped governments tempted to increase the state retirement age. This should help provide the growth in earnings required to meet the company's pledge to increase its dividend by 2% a year from 2025-2027. Its payout was last cut during the 2008-2009 financial crisis. Encouragingly, its balance sheet remains robust. It has more than twice the level of reserves necessary to meet its regulatory requirements. However, its profit could come under pressure from economic uncertainty, particularly in the UK. To meet its obligations, the company relies on investment income from its huge portfolio of equities, bonds and commercial property. Any global wobble or sign of fragility in the domestic economy could result in a cut in its dividend. Also, wealth management has become an increasingly competitive business. This might lead to a squeeze in margins. However, since its formation in 1836, the group's successfully navigated its way through many difficult periods. And it's seen off plenty of challengers. It now has over £1.1trn of assets under management. Analysts are forecasting the group to grow its earnings per share by 29% over the next three years. Some of this is expected to come from an enormous pipeline of new pension schemes that it's looking to acquire. Impressively, as I write (4 July) it's the highest-yielding (8.5%) share on the FTSE 100. As well as operating the UK electricity transmission and distribution networks, National Grid (LSE:NG.) supplies energy to New York and New England. Over the next four years, the group plans to grow its earnings per share by 6%-8% annually, from a baseline of 73.3p reported for the year ended 31 March 2025 (FY25). It claims this should give it the headroom to increase its dividend in line with inflation. Although it might not offer the highest yield (4.5%) on the FTSE 100, it's certainly one of the most reliable dividend payers around. Thanks to its regulated markets, it has a high degree of visibility over its earnings and therefore, how much cash it has available for its payout. But with all of its earnings coming from just two countries, it has nowhere to turn should the UK or US economies struggle. And energy infrastructure assets are expensive. It surprised investors in May 2024 with a £7bn rights issue. The money's needed to help fund a five-year £60bn investment programme. But all appears to be forgiven. Those buying shares at 645p, have since been handsomely rewarded. This week, there's been some speculation that the group might have to compensate Heathrow Airport for the March power outage. But any penalty — up to £100m has been quoted — would be inconsequential. At the end of FY25, it had assets of £106.7bn on its balance sheet, including £1.18bn of cash. Although being regulated has its downsides, I'm sure most companies would relish the prospect of having a monopoly in their key markets. The post 2 FTSE 100 stocks to consider for a second (or third) income! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Beard has positions in Legal & General Group Plc. The Motley Fool UK has recommended National Grid Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Yahoo
04-07-2025
- Business
- Yahoo
IGM FINANCIAL INC. ANNOUNCES JUNE 2025 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS
WINNIPEG, MB, July 4, 2025 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported record high total assets under management and advisement of $283.9 billion at June 30, 2025, up 12.5% from $252.4 billion at June 30, 2024. Total consolidated net inflows were $330 million during June 2025. JUNE HIGHLIGHTS IGM Financial – Record high assets under management & advisement were $283.9 billion up from $278.8 billion in the prior month. Investment fund net sales were $283 million up from net redemptions of $509 million in June 2024. Total net inflows were $330 million up from net outflows of $534 million in June 2024. IG Wealth Management (IGWM) – Record high Assets under advisement were $146.7 billion up from $143.7 billion in the prior month. Investment fund net sales were $181 million up from net redemptions of $216 million in June 2024. Total net inflows were $245 million up from net inflows of $21 million in June 2024. Record high June 2025 gross inflows of $1.4 billion up from $1.2 billion in June 2024. Mackenzie Investments – Record high assets under management were $224.6 billion up from $221.0 billion in the prior month. Investment fund net sales were $102 million up from net redemptions of $293 million in June 2024. Total net sales of $85 million up from net redemptions of $555 million in June 2024. Table 1 - Gross and Net Flows Please see for file with trended history. Wealth Management Asset Management($ millions) (unaudited) IG Wealth ManagementMackenzie Investments IGM Financial For the month ended June 30, 2025 Net flows Mutual fund net sales 181.0(142.6) 38.4ETF net creations 244.9 244.9Investment fund net sales 181.0102.3 283.3Institutional SMA net sales (17.8)(1) (17.8)Managed asset net sales 181.084.5 265.5Other net flows 64.3 64.3 Net flows 245.384.5 329.8 Gross flowsMutual fund gross sales 1,219.4662.4 1,881.8Dealer gross inflows 1,363.6 1,363.6 Table 2 – Assets under Management and Advisement ($ millions) (unaudited) June 2025 May 2025 % ChangeLast Month Wealth ManagementIG Wealth ManagementAssets under management 129,526 126,845 2.1 % Other assets under advisement 17,138 16,834 1.8 % Assets under advisement 146,664 143,679 2.1 % Asset managementMackenzie InvestmentsMutual funds 62,488 61,459 1.7 % ETFs 8,683 8,305 4.6 % Investment funds 71,171 69,764 2.0 % Institutional SMA 12,023 11,630 3.4 % Sub-advisory to Canada Life 54,031 53,741 0.5 % Total Institutional SMA 66,054 65,371 1.0 % Total third party assets under management 137,225 135,135 1.5 % Sub-advisory and AUM to Wealth Management 87,352 85,820 1.8 % Total 224,577 220,955 1.6 % ETF's distributed to third parties 8,683 8,305 4.6 % ETF's held within IGM managed products 10,046 9,761 2.9 % Total ETFs 18,729 18,066 3.7 % TotalAssets under management 266,751 261,980 1.8 % Other assets under advisement 17,138 16,834 1.8 % Assets under management and advisement 283,889 278,814 1.8 % Table 3 – Average Assets under Management and Advisement($ millions) (unaudited) Quarter to date 2025 Wealth ManagementIG Wealth ManagementAssets under management 124,484 Other assets under advisement 16,686 Assets under advisement(2) 141,170 Asset ManagementMackenzie InvestmentsMutual funds 60,261 ETFs 8,104 Investment funds 68,365 Institutional SMA 11,649 Sub-advisory to Canada Life 52,661 Total Institutional SMA 64,310 Total third party assets under management 132,675 Sub-advisory and AUM to Wealth Management 85,248 Total 217,923 ETFs distributed to third parties 8,104 ETFs held within IGM managed products 9,445 Total ETFs 17,549 TotalAssets under management 257,159 Other assets under advisement 16,686 Assets under management and advisement 273,845 1 Excludes sub-advisory to Canada Life and the Wealth Management segment. 2 The figures shown for IG Wealth Management assets under advisement reflect a daily average. For reference, the simple quarterly average based on month end values is $142,276 million. Glossary of Terms Assets Under Management and Advisement (AUM&A) represents the consolidated AUM and AUA of IGM Financial's core businesses IG Wealth Management and Mackenzie Investments. In the Wealth Management segment, AUM is a component part of AUA. All instances where the asset management segment is providing investment management services or distributing its products through the Wealth Management segment are eliminated in our reporting such that there is no double-counting of the same client savings held at IGM Financial's core businesses. AUM&A excludes Investment Planning Counsel's (IPC's) AUM, AUA, sales, redemptions and net flows which have been disclosed as Discontinued operations. Assets Under Advisement (AUA) are the key driver of the Wealth Management segment. AUA are savings and investment products held within client accounts of our Wealth Management segment core businesses. Assets Under Management (AUM) are the key driver of the Asset Management segment. AUM are a secondary driver of revenues and expenses within the Wealth Management segment in relation to its investment management activities. AUM are client assets where we provide investment management services and include investment funds where we are the fund manager, investment advisory mandates to institutions, and other client accounts where we have discretionary portfolio management responsibilities. Mutual fund gross sales and net sales reflect the results of the mutual funds managed by the respective operating companies, and in the case of the Wealth Management segment also include other discretionary portfolio management services provided by the operating companies, including separately managed account programs. ETF's represent exchange traded funds managed by Mackenzie. Institutional SMA represents investment advisory and sub-advisory mandates to institutional investors, pension plans and foundations through separately managed accounts. Other net flows and Other assets under advisement represents financial savings products held within client accounts in the Wealth Management segment that are not invested in products or programs where these operating companies perform investment management activities. These savings products include investment funds managed by third parties, direct investment in equity and fixed income securities and deposit products. Net flows represent the total net contributions, in cash or in kind, to client accounts at the Wealth Management segment and the overall net sales to the Asset Management segment. Wealth Management – Reflects the activities of operating companies primarily focused on providing financial planning and related services to Canadian households and represents the operations of IGWM. IGWM is a retail distribution organization that serves Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services. The majority of the revenues of this segment are derived from providing financial advice and distributing financial products and services to Canadian households. This segment also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services. Asset Management – Reflects the activities of operating companies primarily focused on providing investment management services, and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds that are distributed through third party dealers and financial advisors, and also through institutional advisory mandates to pension and other institutional investors. ABOUT IGM FINANCIAL INC. IGM Financial Inc. ("IGM", TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $284 billion in total assets under management and advisement as of June 30, 2025. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM's activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complimented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM's capabilities, reach and diversification. IGM is a member of the Power Corporation group of companies. For more information, visit SOURCE IGM Financial Inc. 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Yahoo
04-07-2025
- Business
- Yahoo
Raymond James Starts Coverage of Republic Bancorp (RBCAA) Stock with a Market Perform
Republic Bancorp, Inc. (NASDAQ:RBCAA) is one of the 10 Best Value Stocks to Buy According to Billionaires. On June 27, Raymond James began coverage of the company's stock with a 'Market Perform' rating and no price target, as reported by The Fly. As per the firm, the company is positioned for incremental growth over the upcoming years despite near-term EPS growth headwinds from lower income from the Tax Refund Solutions segment and modest NIM pressure. The analyst opines that the bank has been strategic in making itself a commercially focused community bank, catering to business and retail customers. A customer walking into a bank branch, expressing the convenience of consumer banking services. The firm also noted Republic Bancorp, Inc. (NASDAQ:RBCAA)'s consistent growth, superior capital levels, and improved profitability. Overall, the firm opines that the risk/reward profile for Republic Bancorp, Inc. (NASDAQ:RBCAA)'s stock remains balanced. The company's Tax Refund Solutions segment saw net income of $19.6 million during Q1 2025 as compared to net income of $8.8 million in Q1 2024. The rise was mainly aided by a positive $10.3 million decrease in the estimated Provision for RAs and Early Season RAs versus Q1 2024, and a 30% rise in the average per-unit profitability for Refund Transfers. While we acknowledge the potential of RBCAA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RBCAA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds' investor letters by entering your email address below. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
2 Reasons to Like CADE (and 1 Not So Much)
Over the past six months, Cadence Bank's shares (currently trading at $31.36) have posted a disappointing 10.4% loss while the S&P 500 was flat. This may have investors wondering how to approach the situation. Following the drawdown, is now an opportune time to buy CADE? Find out in our full research report, it's free. With roots dating back to 1885 and a strategic focus on middle-market commercial lending, Cadence Bancorporation (NYSE:CADE) is a bank holding company that provides commercial banking, retail banking, and wealth management services to middle-market businesses and individuals. Our experience and research show the market cares primarily about a bank's net interest income growth as non-interest income is considered a lower-quality and non-recurring revenue source. Cadence Bank's net interest income has grown at a 20% annualized rate over the last four years, much better than the broader bank industry. Its growth was driven by both an increase in its outstanding loans and net interest margin, which represents how much a bank earns in relation to its outstanding loan book. Tangible book value per share (TBVPS) serves as a key indicator of a bank's financial strength, representing the hard assets available to shareholders after removing intangible assets that could evaporate during financial distress. Cadence Bank's TBVPS increased by 7.3% annually over the last five years, and growth has recently accelerated as TBVPS grew at an incredible 22% annual clip over the past two years (from $14.99 to $22.30 per share). Long-term growth is the most important, but within financials, a stretched historical view may miss recent interest rate changes and market returns. Cadence Bank's recent performance shows its demand has slowed significantly as its annualized revenue growth of 1.3% over the last two years was well below its five-year trend. Cadence Bank has huge potential even though it has some open questions. After the recent drawdown, the stock trades at 1× forward P/B (or $31.36 per share). Is now a good time to initiate a position? See for yourself in our full research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
CNET
23-06-2025
- Business
- CNET
Hot Summer Savings Move: Open a CD While Interest Rates Are High
Smart savers know that CDs can pay savings account has been sorely disappointing me lately. No matter how many times I check my balance, it feels like opening the fridge for the fifth time, hoping something new will appear. Fortunately, the solution is simple: I just need to shop around. With the Federal Reserve holding interest rates steady at this week's meeting, annual percentage yields on certificates of deposit should remain high for a while. That means if I move my cash to a CD this summer, I can get a chunk of interest back on my balance. And unlike my fridge, which needs regular restocking, a CD promises steady growth without having to do a thing. Read more: Here's the Secret I Learned About Opening a CD at Just the Right Time Low risk, guaranteed returns? Yes, please! CDs aren't exciting, and they won't make you rich overnight. But boring and predictable can be a good thing, especially in today's economy, when people are scared to invest and nervous to spend. Stock market swings, tariff fallout and stupidly high prices are making savers run to safety. When you lock up your savings into a CD for a set term and leave it untouched, your earnings are guaranteed. Your annual percentage yield won't drop even if overall interest rates drop. It's a quiet, easy way to get a little extra cash, kind of like discovering a $10 bill in your jeans pocket every month. Now Playing: These Are the Safest Places to Keep Your Money Right Now 03:56 Some CDs offer 4.5% APYs The Fed left its benchmark interest rate the same at this week's meeting on June 18 and will likely do the same on July 30. Experts say the central bank will keep borrowing rates high for a couple of months, with most saying a rate cut won't come until its Sept. 17 meeting. After the Fed hiked its benchmark interest rate several times between 2022 and 2023, many banks raised the rates they were offering for savings accounts and CDs to attract more customers and boost their cash flow. Once the Fed started cutting rates last year, banks started lowering their APYs so they wouldn't have to pay as much interest to customers. Bottom line? If you have extra money, move it somewhere safe so it can actually grow. High-yield savings accounts also earn big If you think you'll need access to your money, a high-yield savings account could be a better fit. Most CDs impose a penalty if you pull out your funds before the maturity date, but a HYSA is more flexible, allowing you to add deposits and withdraw funds as needed. Some APYs on high-yield savings accounts are also in the 4% range, making them a better option over traditional savings accounts. But, unlike a CD, HYSAs don't lock in your interest rate, so your returns are variable and less predictable. More on CDs
