Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions (NYSE: BR) has released a whitepaper titled The Rise of the Retail Investor, highlighting the growth of retail investment in Europe and the need for better corporate governance from financial intermediaries. Key regulatory drivers, including the Shareholder Rights Directive (SRD II), mandate voting solutions for retail investors. The whitepaper emphasizes how retail investors, aided by social media, can influence corporate policies on issues such as ESG and director remuneration. Broadridge has noted increased demand for its ESG-focused retail voting solutions in response to these trends.

Broadridge Financial Solutions (NYSE: BR) has reported a significant rise in consumer expectations for improved customer experience (CX), with 65% of consumers feeling companies must enhance their CX, up from 35% three years ago. The survey indicates that 77% of consumers are willing to spend more if they receive a good CX. Challenges remain around personalization and data security, with 74% wanting customized experiences. The report also highlights that a flexible digital-first ecosystem is essential for companies to meet these demands.

Broadridge Financial Solutions (NYSE: BR) has entered a strategic alliance with Wolters Kluwer Compliance Solutions to enhance tax reporting solutions. The collaboration integrates the GainsKeeper cost basis solution with Broadridge's Brokerage Processing Services, streamlining tax data management for clients. GainsKeeper processes over 60 million accounts and supports digital assets reporting. This partnership aims to provide financial firms with reliable tools to comply with regulatory standards and optimize their operations amidst evolving market demands.

Broadridge Financial Solutions (NYSE:BR) reported strong Q2 results for fiscal 2022, with total revenues increasing 19% to $1,260 million compared to the previous year. Recurring fee revenues also rose 19% to $798 million. However, operating income dipped 13% to $69 million, impacting margins, while diluted EPS decreased 17% to $0.40. The company maintains its guidance for recurring fee revenue growth of 12-15% and Adjusted EPS growth of 11-15%. Closed sales also surged 87% to $83 million.

Broadridge Financial Solutions (NYSE: BR) and Financial Services Institute released a study revealing growth opportunities for financial advisors in the wealth management sector. The survey of over 400 U.S. advisors indicates that 92% are satisfied with their technology, yet many see room for improvement. Notably, 64% report increased interest in cryptocurrency from clients, while 33% noted a rise in ESG investments. The study emphasizes the importance of financial literacy and technology tools in reaching new client demographics and enhancing service quality.

Broadridge Financial Solutions (NYSE:BR) has launched a new automated voting service for the Spanish market in collaboration with Santander Investment S.A. This service aims to streamline the voting process, reduce error rates, and enhance service offerings for custody banks and brokers in Spain. It aligns with Broadridge's Direct Market Solutions product suite, assuring full compliance with SRD II regulations. With a revenue of $5 billion and a global trading infrastructure supporting over $9 trillion, Broadridge continues to innovate in corporate governance and financial communications.

Broadridge Financial Solutions (NYSE: BR) announced it is the first fintech provider to connect with DTCC's new automated process for submitting corporate actions instructions in ISO 20022 format. This initiative enhances Broadridge's Global Asset Servicing Solutions, allowing clients to automate submissions, which reduces human error and costs. The integration aims to improve the efficiency of managing corporate actions, facilitating better processing rates. Broadridge services over 60 DTCC corporate actions clients and anticipates launching the program in early 2022 after thorough testing.

Broadridge Financial Solutions (NYSE: BR) will release its financial results for Q2 of fiscal year 2022 on February 1, 2022. A webcast and conference call will take place at 8:30 a.m. ET on the same day, featuring CEO Tim Gokey and CFO Edmund Reese. Investors can access the presentation through the Investor Relations website. Broadridge reported $5 billion in revenues and supports over $9 trillion in daily trading across various securities globally, playing a crucial role in financial infrastructure and corporate governance.