Broadridge Finl Solutions Inc Stock Price, News & Analysis

LTX, a Broadridge Financial Solutions (NYSE:BR) company, announced a strategic partnership with TransFICC to enhance dealer connectivity and onboarding to its AI-powered fixed income trading platform. The collaboration leverages TransFICC's One API for eTrading platform to simplify integration, reduce operational risks and costs, and improve time-to-market for sell-side clients. LTX's platform currently serves 40+ dealers and 90+ asset managers, focusing on U.S. Investment Grade, High Yield, and Emerging Market credit products.

Broadridge Financial Solutions (NYSE:BR) has announced its participation in the UBS Global Technology and AI Conference in Scottsdale, Arizona. The event will feature a fireside chat with Interim Chief Financial Officer Ashima Ghei on December 4 at 10:55 A.M. Eastern Time. Interested parties can access the presentation through Broadridge's Investor Relations webpage at www.broadridge-ir.com.

Broadridge Financial Solutions (NYSE:BR) announced significant enhancements to its Tbricks trading platform, enabling trading desks to quote hundreds of thousands of structured products across multiple markets simultaneously. The upgraded solution addresses industry challenges in structured product quotations and improves trading efficiency through an intuitive interface.

The enhancement has already shown positive results with Marex Solutions reporting improved client service and increased market share on the Italian exchange Cert-X. Several European tier 1 clients are benefiting from the solution, which was developed in close collaboration with users to address scaling challenges and drive automation.

Broadridge Financial Solutions (NYSE:BR) has announced a quarterly cash dividend of $0.88 per share. The dividend will be paid on January 3, 2025 to stockholders of record as of the close of business on December 13, 2024.

Broadridge Financial Solutions (NYSE:BR) announced its participation in the upcoming Wolfe Research Wealth Symposium on November 13, 2024, at 12:30 P.M. Eastern Time in New York City.

The event will feature a fireside chat with Ashima Ghei, the Interim Chief Financial Officer of Broadridge. The session will be accessible through Broadridge's Investor Relations page at www.broadridge-ir.com.

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.