Latest news with #investorday
Bloomberg
a day ago
- Business
- Bloomberg
Stock Movers: Aon, Intuitive Surgical, Synchrony Financial
On this episode of Stock Movers: - Aon (AON) shares drop ahead of its investor day. The company said management will reaffirm the firm's 2025 guidance across all key financial metrics. Its 1Q earnings missed consensus on most key metrics including adjusted operating margin. - Intuitive Surgical (ISRG) shares fall after Deutsche Bank cut the robotic-surgery company to sell from hold citing 'significant' risks to its Instruments & Accessories business. - Synchrony Financial (SYF) shares rise following a report that Walmart credit cards will once again be issued by the financial services firm. OnePay, a financial technology firm backed by Walmart, picked Synchrony to issue both a co-branded card that can be used outside Walmart as well as a private-label card that will be available just for purchases at the retailer.
Yahoo
22-05-2025
- Business
- Yahoo
Light & Wonder (LNW) Reaffirms FY25 EBITDA Target of $1.4 Billion, Eyes Gaming Expansion
Light & Wonder, Inc. (NASDAQ:LNW) has reaffirmed its FY2025 EBITDA target of $1.4 billion as it plans to expand the gaming segment in North America. The company reported key strategic decisions and financial targets for FY25, highlighted during its investor day on May 20 in New York City. The company is focusing on expansion in its Gaming segment by continuing to grow its installed base. Light & Wonder is targeting to expand its North American Premium market share by almost 400 basis points. Management pointed out that their goal is to increase revenue per day by 2028. A gaming enthusiast in front of a widescreen monitor, lost in the game. Light & Wonder is also aiming to grow its Global Game Sales market share by 400 basis points by 2028. To achieve higher sales, the company will target increased software adoption and maintain category leadership in Table Products. The iGaming segment is concentrated on gaining omni-channel opportunities with leading content and enhanced offerings. This segment is targeting a 10% basis point increase in its global market share of 1st-party content between 2024 and 2028. 'Supported by the strength of our diverse portfolio, our financial profile, and our team, we will continue advancing our proven omni-channel strategy with a focus on building industry-leading games to deliver on our 2028 financial targets of Consolidated Adjusted EBITDA of $2 billion and doubling of Adjusted NPATA per share to over $10.55, to create substantial value for our shareholders," Light & Wonder, Inc. (NASDAQ:LNW) is a cross-platform games company with operations worldwide. It is focused on content and digital markets. The company operates through three main segments, including Gaming, iGaming, and SciPlay. While we acknowledge the potential of LNW 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 LNW and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Reuters
19-05-2025
- Business
- Reuters
JPMorgan says charge-offs in card portfolio could be higher in 2026
NEW YORK, May 19 (Reuters) - JPMorgan Chase (JPM.N), opens new tab said on Monday that it was estimating the card services net charge-off rate, which represents the proportion of credit card debt the bank does not expect to collect, to be between 3.6% and 3.9% for 2026. That is higher than the 3.6% net charge-off rate the bank is expecting for 2025, it said on Monday. Corporate executives have been wary about the current economic outlook, with JPMorgan CEO Jamie Dimon warning last week that a recession could not be ruled out. At the bank's investor day on Monday, shareholders and analysts will be keen to learn how the largest U.S. lender is likely to be impacted by U.S. tariffs and a slowing economy. The bank kept its outlook for 2025 unchanged for spending and net interest income - the difference between what banks pay customers on deposits and earn as interest on loans - in a presentation ahead of its investor day.
Reuters
19-05-2025
- Business
- Reuters
JPMorgan executives take center stage with succession, tariffs in focus
May 19 (Reuters) - JPMorgan Chase's (JPM.N), opens new tab top brass will take center stage at its investor day on Monday, with tariffs and a succession plan once again in focus. Investors will be watching closely for signals on CEO Jamie Dimon's succession, as a slew of executives position themselves to take the helm at the Wall Street giant. The event also comes at a pivotal time for the economy, with tariff-related disruptions in focus. While recent progress in trade talks between the White House and its partners has improved market sentiment, uncertainty still lingers. Here are the top executives to watch — JAMIE DIMON, CHAIR AND CEO: After more than 19 years at the helm, Dimon remains deeply tied to the fortunes of the biggest U.S. bank. While shareholders' focus has increasingly shifted to who might succeed him, past reactions indicate they are reluctant to see him go. Dimon had said at JPMorgan's previous investor day last May that his succession timeline was not five years anymore, leading to an immediate decline in the stock price. Speculation over the bank's succession had peaked around the U.S. presidential election last year, since Dimon was floated as a potential Treasury Secretary candidate. Though that did not materialize, top executives have said the board remains focused on ensuring that a clear plan is in place. Investors will also scrutinize his commentary for clues on where things are headed, especially as the economy looks to recover from tariff-related shocks. Though market sentiment has improved recently, concerns about what lies ahead remain. MARIANNE LAKE, CEO, CONSUMER AND COMMUNITY BANKING (CCB): A 25-year veteran of the bank, Lake oversees CCB, one of JPMorgan's main businesses that caters to 84 million consumers and 7 million small businesses in the U.S. She "has all of the qualities of a great leader," Dimon has said, such as being demanding, drawing information out of people, recognizing talent and challenging Dimon when she believes he is wrong. Lake served as the bank's CFO from 2013 to 2019. She is also seen as the top candidate to lead JPMorgan. TROY ROHRBAUGH, CO-CEO, COMMERCIAL AND INVESTMENT BANK (CIB): Rohrbaugh began his career as an options trader. A Goldman Sachs (GS.N), opens new tab alum, he joined JPMorgan in 2005. Having risen through the ranks at JPMorgan's trading business, Rohrbaugh brings a strong markets pedigree. He co-headed CIB with COO Jennifer Piepszak, until Doug Petno took over from her earlier this year. Under Rohrbaugh and Piepszak's stewardship, CIB fetched record revenues of over $70 billion last year. DOUG PETNO, CO-CEO, COMMERCIAL AND INVESTMENT BANK: Petno was made the co-CEO of CIB in January. Over his 35-year career at the bank, he has also co-headed global banking, a business with 76,000 clients across 45 countries. He oversaw the integration of JPMorgan's commercial, corporate and investment banking businesses into one unit. He was also crucial in expanding its commercial banking footprint. MARY ERDOES, CEO, ASSET AND WEALTH MANAGEMENT: Erdoes joined JPMorgan more than 25 years ago and held several senior roles across asset and wealth management before becoming the unit's CEO in 2009. The unit had $4.1 trillion of assets under management as well as $6 trillion of client assets at the end of the first quarter. She also sits on the board of the U.S.-China Business Council, a nonprofit group aimed at promoting business collaboration between the two biggest global economies. JEREMY BARNUM, CFO: Barnum, who was once let go as part of a broad restructuring of JPMorgan's credit-trading business, has become one of the most public faces of the bank. He is a regular fixture at conferences and fields most of the analysts' questions on quarterly earnings calls. Barnum joined the bank in 1994 and has been the chief financial officer since 2021. He previously led global research for the CIB. JENNIFER PIEPSZAK, CHIEF OPERATING OFFICER: A veteran of more than three decades at JPMorgan, Piepszak was one of the frontrunners to succeed Dimon until she withdrew from the competition in January. However, she remains one of the key executives to watch out for. As the COO, she now works closely with Daniel Pinto, Dimon's right-hand man, who is slated to step down in June. Piepszak has been entrusted with leadership roles across JPMorgan's core businesses. She has been the co-CEO of the bank's two main business lines — CIB and CCB. She was also the CFO from 2019 to 2021. Source: Company website, Reuters stories
Reuters
06-05-2025
- Business
- Reuters
Chipmaker Marvell postpones investor day citing macroeconomic uncertainty; narrows revenue forecast
May 6 (Reuters) - Networking and custom AI chipmaker Marvell Technology (MRVL.O), opens new tab said on Tuesday it is postponing a previously scheduled investor day conference, citing a "dynamic macroeconomic environment," as global trade tensions generate economic uncertainty. The company also narrowed its forecast range for the first quarter of fiscal 2026, but maintained the midpoint of its outlook. here. Net revenue is now expected to be approximately $1.875 billion, within a range of plus or minus 2%, compared to the prior range of plus or minus 5%.
