Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions announced that their Banking Book Collateral Management Technology, COLLATE, has been recognized as a category leader in the Credit Lending Operations 2024 Report by Chartis. The report evaluates products in corporate, SME lending, syndicated lending, and private/non-bank credit. Broadridge is highlighted for the completeness of its offering in the Chartis Quadrant for Collateral Management Systems, showcasing the functionality of COLLATE.

Anish Shah, Research Director at Chartis, emphasized Broadridge's core strength in managing complex collaterals. Jo Ní Choisdealbha, General Manager of Broadridge's Credit and Lending Solutions Business, noted the increasing regulatory demands and the importance of accurate credit risk views. COLLATE aids in modernizing processes and ensuring accurate regulatory reporting. Broadridge manages over $3 trillion worth of collateral daily, with COLLATE consolidating collateral across all asset classes and business lines.

Broadridge Financial Solutions reported Q1 FY2025 results with recurring revenues growing 3% (4% constant currency) to $900 million. Total revenues decreased 1% to $1,423 million. Closed sales rose 21% to $57 million, while diluted EPS decreased 11% to $0.68 and adjusted EPS fell 8% to $1.00. The company raised its FY2025 guidance for recurring revenue growth to 6-8% (from 5-7%) and reaffirmed adjusted EPS growth guidance of 8-12%. The company also completed the acquisition of Kyndryl's SIS business for approximately $185 million.

Broadridge Financial Solutions (NYSE:BR) has completed its acquisition of Kyndryl's Securities Industry Services (SIS) platform, a provider of wealth management and capital markets software solutions for Canadian financial services firms. The strategic acquisition strengthens Broadridge's position in the Canadian financial services market, aiming to accelerate innovation and product investments in the Canadian wealth sector while enabling simplification for clients.

Broadridge Financial Solutions (NYSE: BR) has launched ClearFi, a new digital asset information platform designed to help financial intermediaries comply with disclosure regulations. The platform consolidates both on-chain and off-chain information about digital assets, including cryptocurrencies, stable coins, and DeFi innovations.

ClearFi provides comprehensive information about digital assets' underlying technology, tokenomics, governance, and purpose, updated in near real-time. The platform features a standardized taxonomy that enables intermediaries to provide insights into assets available on their platforms and helps address global regulations, including Canadian and UK know-your-product rules and MiCA Whitepaper requirements.

Broadridge Financial Solutions (NYSE: BR) has launched Distribution Insights for Asset Managers on Salesforce AppExchange. This new solution provides asset management sales teams with immediate access to actionable insights and sales workflow tools to enhance sales conversion rates and grow revenue. The app combines Broadridge's sales reporting, market analysis, and prospecting tools with Salesforce's platform, enabling field sales personnel to access contact management, sales automation, and opportunity identification features. The solution integrates with Broadridge's Sales Analytics, Market Analytics, and Opportunity Hunter tools.

Broadridge Financial Solutions (NYSE:BR) has announced it will release its first quarter fiscal year 2025 financial results on Tuesday, November 5, 2024. The company will host a webcast and conference call at 8:30 a.m. ET on the same day, featuring CEO Tim Gokey and Interim CFO Ashima Ghei. Investors can access the event through Broadridge's Investor Relations website or by dialing dedicated U.S. and international numbers. A replay will be available through November 12, 2024.

LTX, an AI-powered corporate bond trading platform backed by Broadridge Financial Solutions (NYSE: BR), has announced that TD Bank has joined its e-trading platform through its subsidiary TD Securities Automated Trading TD Bank will contribute axes to LTX's Liquidity Cloud and use the RFQ+ protocol to provide Investment Grade and High Yield bond liquidity to institutional clients.

LTX aims to address corporate bond market challenges by using patented AI and execution protocols to improve liquidity and efficiency. Recent innovations include BondGPT, a generative AI application, and RFQ+, an enhanced RFQ protocol for facilitating larger trades. The platform's mission is to lower trading costs and deliver best execution to clients.

Broadridge Financial Solutions, Inc. (NYSE:BR) has announced its readiness to support new OTC derivatives reporting requirements by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC), effective October 21, 2024. The company is also expanding its offerings to include updated regulatory regimes in Canada (July 2025) and Hong Kong (September 2025).

Broadridge's solution simplifies complex trading requirements, enabling firms to comply with varying local rules seamlessly. The company is developing the US equivalent of SFTR for Securities Lending – the SEC 10c-1, scheduled for January 2026. Additionally, Broadridge will upgrade its solution to accommodate major EU and UK MiFID updates from 2025 to 2027 and the final updates to CFTC Dodd Frank Reporting.

Broadridge Financial Solutions (NYSE:BR) has launched a new Instant Payments Service, offering a resilient and scalable managed service for real-time money transfers. The service operates 24/7/365, processing transactions in under 10 seconds from payer to beneficiary. It utilizes the Swift Alliance Gateway Instant (AGI) and connects with SwiftNet Instant for continuous exchange of instant transactions.

This launch aligns with recent EU regulations mandating euro instant credit transfers, with key compliance deadlines set for 2025. While currently focused on the Eurozone, encompassing 20 countries, the service is positioned for global expansion. Instant payments are expected to become the industry standard, particularly for recurring transactions like bill payments.