RBC

RBC ranks third overall and #1 in Canada for AI maturity out of 50 global banks

Retrieved on: 
Wednesday, November 15, 2023

The Evident AI Index, first issued by AI benchmarking and intelligence platform Evident in January 2023, scores financial institutions across four key pillars: talent, innovation, leadership and transparency.

Key Points: 
  • The Evident AI Index, first issued by AI benchmarking and intelligence platform Evident in January 2023, scores financial institutions across four key pillars: talent, innovation, leadership and transparency.
  • RBC was recognized by Evident for its industry-leading work around responsible and ethical AI and its commitment to AI innovation, which includes research, patents and open source activity.
  • "I'm pleased that RBC continues to be globally recognized for our AI leadership in the Evident AI Index," said Dave McKay, president and CEO, RBC.
  • "We congratulate RBC for ranking in the top three leading AI banks worldwide, and number one in Canada.

AlphaPoint Celebrates 10 Years of Pioneering Digital Asset Infrastructure

Retrieved on: 
Wednesday, November 15, 2023

NEW YORK, Nov. 15, 2023 /PRNewswire/ -- AlphaPoint , a leading provider of digital asset infrastructure of exchanges, brokerages, payment networks, and banking, is proud to announce its 10th anniversary.

Key Points: 
  • NEW YORK, Nov. 15, 2023 /PRNewswire/ -- AlphaPoint , a leading provider of digital asset infrastructure of exchanges, brokerages, payment networks, and banking, is proud to announce its 10th anniversary.
  • Since its founding in 2013, AlphaPoint has been at the forefront of developing institutional-grade infrastructure to power the digital asset ecosystem.
  • As one of the earliest companies in the digital asset space, AlphaPoint's founders recognized early on the need for robust, scalable solutions to enable mainstream adoption of cryptocurrencies.
  • Click here to learn more on AlphaPoint's 10-year journey enabling the digital asset revolution.

RBC Global Asset Management Inc. recognized for investment excellence at LSEG Lipper Fund Awards 2023 Canada

Retrieved on: 
Friday, November 10, 2023

There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments.

Key Points: 
  • There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments.
  • Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
  • RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc. and distributed through authorized dealers in Canada.
  • RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada.

LegalZoom Announces Secondary Offering of Shares of Common Stock

Retrieved on: 
Wednesday, November 8, 2023

MOUNTAIN VIEW, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ) announced today that LucasZoom, LLC, an affiliate of investment funds advised by Permira Advisers LLC (the “Selling Stockholder”), intends to offer 15,099,993 shares of LegalZoom’s common stock in an underwritten public offering (the “Secondary Offering”).

Key Points: 
  • MOUNTAIN VIEW, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ) announced today that LucasZoom, LLC, an affiliate of investment funds advised by Permira Advisers LLC (the “Selling Stockholder”), intends to offer 15,099,993 shares of LegalZoom’s common stock in an underwritten public offering (the “Secondary Offering”).
  • LegalZoom is not offering any shares of its common stock in the Secondary Offering and will not receive any proceeds from the sale of shares of common stock in the Secondary Offering.
  • RBC Capital Markets is acting as sole underwriter for the Secondary Offering.
  • LegalZoom has filed a registration statement on Form S-3 relating to the Secondary Offering (including a prospectus) with the Securities and Exchange Commission (the “SEC”) that has become effective.

Hudson Pacific Completes $455 Million Bentall Centre Loan Refinancing

Retrieved on: 
Thursday, November 9, 2023

Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, announced today the successful refinancing of the loan secured by Bentall Centre, a 1.5 million-square-foot office property located in Vancouver, British Columbia and owned in partnership with Blackstone.

Key Points: 
  • Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, announced today the successful refinancing of the loan secured by Bentall Centre, a 1.5 million-square-foot office property located in Vancouver, British Columbia and owned in partnership with Blackstone.
  • Upon the closing of this refinancing, Hudson Pacific has no debt maturities until December 2024.
  • Since acquiring the property in 2019, Hudson Pacific and Blackstone have made significant capital investments in Bentall Centre to ensure the campus remains a vibrant part of the downtown core.
  • The partnership also added programmable LED lighting to the tower crowns, making Bentall Centre a dynamic night-time landmark within the Vancouver skyline.

RBC Bearings Incorporated Announces Fiscal 2024 Second Quarter Results

Retrieved on: 
Thursday, November 9, 2023

As we look toward the second half of fiscal 2024, we remain confident that we are on track to deliver record performance.”

Key Points: 
  • As we look toward the second half of fiscal 2024, we remain confident that we are on track to deliver record performance.”
    Net sales for the second quarter of fiscal 2024 were $385.6 million, an increase of 4.4% from $369.2 million in the second quarter of fiscal 2023.
  • Other operating expenses for the second quarter of fiscal 2024 totaled $18.0 million compared to $21.6 million for the same period last year.
  • Operating income for the second quarter of fiscal 2024 was $87.8 million compared to $72.0 million for the same period last year.
  • Excluding approximately $0.6 million of restructuring costs, adjusted operating income for the second quarter of fiscal 2024 was $88.4 million; excluding approximately $4.0 million of acquisition-related costs, adjusted operating income for the second quarter of fiscal 2023 was $76.0 million.

Jackson Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

(NYSE: JXN) (Jackson®) today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • (NYSE: JXN) (Jackson®) today announced financial results for the third quarter ended September 30, 2023.
  • Net income attributable to Jackson Financial Inc. common shareholders of $2,762 million, or $33.35 per diluted share in the third quarter of 2023, compared to $1,879 million, or $21.38 per diluted share in the third quarter of 2022
    Adjusted operating earnings1 of $315 million, or $3.80 per diluted share in the third quarter of 2023, compared to $376 million, or $4.28 per diluted share in third quarter of 2022
    Returned $123 million to common shareholders in the third quarter of 2023 through $71 million of share repurchases and $52 million in dividends; on pace to achieve 2023 capital return target of $450-$550 million
    Third quarter 2023 registered index-linked annuity (RILA) sales of $807 million, up from $562 million in the third quarter of 2022
    Total annuity account value of $218 billion as of the third quarter of 2023, up 10% from the third quarter of 2022, driven largely by higher equity markets over the 12-month period
    Subsequent to the end of the third quarter, Jackson Financial Inc. completed the planned sale of limited partnership assets as described in second quarter results.
  • Laura Prieskorn, President and Chief Executive Officer of Jackson, stated, “Jackson’s third quarter 2023 results highlight our continued strategic and operational momentum as well as our commitment to ongoing diversification across our product portfolio.
  • The current quarter net income primarily reflects a larger net hedging gain compared to the prior year’s third quarter.

Genworth Financial Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

Statutory pre-tax income estimated at $30 million for the current quarter, driven by:

Key Points: 
  • Statutory pre-tax income estimated at $30 million for the current quarter, driven by:
    LTC, which continues to benefit from premium increases and benefit reductions from IFAs, including more favorable impacts from reserve releases related to legal settlements and higher terminations compared to the prior quarter
    Life insurance results included $45 million of pre-tax unfavorable impacts from recaptures of previously ceded reinsurance, primarily related to the liquidation of Scottish Re
    Fixed annuities mortality was favorable, partially offset by lower net spread income
    The U.S life insurance companies estimate current quarter RBC to be 291 percent, down slightly from the prior quarter
    The current quarter adjusted operating loss of $18 million was lower versus the prior quarter’s loss of $20 million, primarily due to higher tax benefits, and flat to the prior year’s loss of $18 million

ISC Reports 2023 Third Quarter Financial Results

Retrieved on: 
Wednesday, November 8, 2023

REGINA, Saskatchewan, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the third quarter ended September 30, 2023.

Key Points: 
  • REGINA, Saskatchewan, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the third quarter ended September 30, 2023.
  • Adjusted free cash flow for the quarter was $14.4 million, up 27 per cent compared to $11.4 million in the third quarter of 2022, primarily related to stronger results from operations in Registry Operations and Services during the quarter.
  • The Consolidated Net Funded Debt to EBITDA financial covenant was increased to provide additional balance sheet flexibility to ISC.
  • On July 27, 2023, ISC announced that it has expanded the lenders under the Company’s Credit Facility to include the Bank of Montreal.

Sponsors Announced for the 2024 ICR Conference

Retrieved on: 
Wednesday, November 8, 2023

ICR , a leading strategic communications and advisory firm, today announced dates and initial sponsors for the 26th ICR Conference , one of the largest growth company investment conferences of the year.

Key Points: 
  • ICR , a leading strategic communications and advisory firm, today announced dates and initial sponsors for the 26th ICR Conference , one of the largest growth company investment conferences of the year.
  • The annual conference will take place January 8-10, 2024 at the Grand Lakes Resort in Orlando, Florida – home to the JW Marriott and Ritz-Carlton hotels.
  • “It was truly special to be back in person again at the 2023 conference after two years of virtual conferences,” said Tom Ryan, Chief Executive Officer, ICR.
  • To request an invitation to attend or present at the 2024 ICR Conference, please visit https://icrconference.com/contact/request-invitation/ .