Chase Bank

Warby Parker Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Health, Professional Services, Optical, Insurance, Health Insurance, Comerica, Marketing, Growth, Chase Bank, Entrepreneurship, Citibank, GAAP, Contact, MetLife, JPMorgan Chase

Warby Parker Inc. (NYSE: WRBY) (“Warby Parker” or the “Company”), a direct-to-consumer lifestyle brand focused on vision for all, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Warby Parker Inc. (NYSE: WRBY) (“Warby Parker” or the “Company”), a direct-to-consumer lifestyle brand focused on vision for all, today announced financial results for the fourth quarter and full year ended December 31, 2023.
  • Fourth quarter net revenue increased $15.4 million, or 10.5%, to $161.9 million compared to fourth quarter 2022.
  • Full year GAAP net loss of $63.2 million, and fourth quarter GAAP net loss of $19.0 million.
  • A conference call to discuss Warby Parker’s fourth quarter and full year 2023 results, as well as first quarter and full year 2024 outlook, is scheduled for 8:00 a.m.

Huron Announces Fourth Quarter and Record Full Year 2023 Financial Results, Increases Borrowing Capacity with $275 Million Term Loan, and Provides 2024 Guidance

Retrieved on: 
Tuesday, February 27, 2024
Consulting, Communications, Professional Services, Public Relations, Investor Relations, National Association, Annual report, Bank, Chase Bank, Digital, PNC Financial Services, Form, Commercial, Health care, GAAP, Webcast, Security (finance), Central Time, Bank of America, JPMorgan Chase

The number of revenue-generating professionals(2) increased 14.2% to 5,519 as of December 31, 2023 from 4,832 as of December 31, 2022.

Key Points: 
  • The number of revenue-generating professionals(2) increased 14.2% to 5,519 as of December 31, 2023 from 4,832 as of December 31, 2022.
  • The utilization rate(6) of the company's Digital capability increased to 75.3% for full year 2023, compared to 71.0% for full year 2022.
  • Additionally, in 2023, Huron repurchased 1,461,815 shares of the company's common stock for $123.6 million, representing 7.4% of our common stock outstanding as of December 31, 2022.
  • Management has not reconciled these non-GAAP financial measures to the corresponding GAAP financial measures because guidance for the various reconciling items is not provided.

SmartStop Self Storage REIT, Inc. Announces the Recast of its Multi-Currency Credit Facility

Retrieved on: 
Thursday, February 22, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Wells Fargo, Truist Financial, M&T Bank, Bank, Chase Bank, Huntington Bancshares, Bank of Montreal, Line of credit, KeyBank, U.S. Bancorp, Credit, JPMorgan Chase

SmartStop Self Storage REIT, Inc. (“SmartStop”) announced today that it entered into an amended and restated multi-currency revolving credit facility (the “Credit Facility”) of up to $650 million with a syndicate of banks led by KeyBank National Association, Bank of Montreal, JPMorgan Chase Bank, N.A., M&T Bank, Truist Bank and Wells Fargo Bank, N.A.

Key Points: 
  • SmartStop Self Storage REIT, Inc. (“SmartStop”) announced today that it entered into an amended and restated multi-currency revolving credit facility (the “Credit Facility”) of up to $650 million with a syndicate of banks led by KeyBank National Association, Bank of Montreal, JPMorgan Chase Bank, N.A., M&T Bank, Truist Bank and Wells Fargo Bank, N.A.
  • The facility has an accordion feature permitting expansion of the Credit Facility up to $1.5 billion, subject to certain conditions.
  • Initial advances under the Credit Facility bear interest at a consistent pricing grid as the previous revolving credit facility.
  • The Huntington National Bank, Raymond James Bank and U.S. Bank National Association served as Documentation Agents for the Credit Facility.

KBRA Assigns Preliminary Ratings to Chase Home Lending Mortgage Trust 2024-RPL1 (CHASE 2024-RPL1)

Retrieved on: 
Wednesday, February 21, 2024
Professional Services, Finance, Documentation, GFC, Chase Bank, National Association, Washington Mutual, JPMCB, KBRA, JPMorgan Chase, UPB, Telescopic sight

KBRA assigns preliminary ratings to nine classes of mortgage certificates from Chase Home Lending Mortgage Trust 2024-RPL1 (CHASE 2024-RPL1).

Key Points: 
  • KBRA assigns preliminary ratings to nine classes of mortgage certificates from Chase Home Lending Mortgage Trust 2024-RPL1 (CHASE 2024-RPL1).
  • The pool comprises 2,475 seasoned, re-performing residential mortgages with an aggregate unpaid principal balance (UPB) of $555.4 million as of the cut-off date (January 31, 2024).
  • The cut-off date UPB includes $62.2 million (11.2%) in non-interest-bearing deferred principal.
  • The mortgage pool consists mostly of pre-GFC legacy origination from Washington Mutual Bank (67.5%) and JPMorgan Chase Bank, National Association (JPMCB; 32.3%), with 93.2% of the loans originated between 2004 and 2008.

JUSTPAID, AI-POWERED FINANCE STARTUP, ANNOUNCES NEW FINANCIAL CHATBOT CAPABILITIES

Retrieved on: 
Wednesday, March 6, 2024
Fintech, QuickBooks, Financial management, Chase Bank, IPhone, Android, Stripe, Feedback

The chatbot is being enhanced to provide more tailored and dynamic insights for users based on their specific financial needs and feedback.

Key Points: 
  • The chatbot is being enhanced to provide more tailored and dynamic insights for users based on their specific financial needs and feedback.
  • Financial data from sources like QuickBooks and Chase Bank are connected to provide context on where insights are coming from.
  • Leveraging new AI technology, the financial chatbot will display interactive components for a richer experience, opening up possibilities to visualize cash flows and other financial data over time in a more engaging format.
  • In addition, the brand has launched a version of this chatbot on Android, with iPhone soon to follow: play.google.com/store/apps/details?id=com.thefireskater.justpaid .

BAM Capital's Review - CEO's Meeting With Chase Bank CEO Jamie Dimon Teaches Life-Long Leadership Lessons

Retrieved on: 
Monday, March 4, 2024
Knowledge, Culture, Growth, History, Chase Bank, Barratt

INDIANAPOLIS, March 4, 2024 /PRNewswire/ -- In a once-in-a-lifetime encounter, Ivan Barratt, CEO and Founder of BAM Capital , recently had the esteemed opportunity to meet Jamie Dimon , the CEO of Chase Bank.

Key Points: 
  • INDIANAPOLIS, March 4, 2024 /PRNewswire/ -- In a once-in-a-lifetime encounter, Ivan Barratt, CEO and Founder of BAM Capital , recently had the esteemed opportunity to meet Jamie Dimon , the CEO of Chase Bank.
  • Describing the meeting as akin to meeting an icon like Kobe Bryant, Barratt shared his invaluable takeaways and the profound impact of Dimon's wisdom on his approach to leadership and business strategy.
  • This simple yet effective strategy highlights the importance of organization at the highest levels of leadership.
  • This meeting has not only enriched Barratt's leadership perspective but also reinforced the principles guiding BAM Capital's approach to business and investment strategy.

Vencanna Announces Amended Definitive Agreement with The Cannavative Group, Completion of Name Change, Resumption of Trading and Operational Update

Retrieved on: 
Friday, February 23, 2024
Smoke, University, Senior, Research, Investment, Treasury Wine Estates, CPG, Chase Bank, MillerCoors, HHS, Government, SAFE, Debenture, BID, Physics, LEED AP, Canopy Growth, Controlled Substances Act, Health, CSA, MBA, Gold, CGT, New Jersey Turnpike, IRC, College of Medicine, AB, CPA, TGC, Theoretical physics, FMCG, Fast-moving consumer goods, Rotman School of Management, Final good, Business, Beer, Cannabis, CFO, Acquisition, DEA, Letter, Plastic, ITG, Alcohol, Patient, Partner (business rank), SOP, Security (finance)

Pursuant to the Amended Agreement, Vencanna will acquire all of the outstanding membership units of Cannavative through an all-share exchange.

Key Points: 
  • Pursuant to the Amended Agreement, Vencanna will acquire all of the outstanding membership units of Cannavative through an all-share exchange.
  • The exchangeable securities are exchangeable, at the option of the holder, on a one-for-one basis for equivalent securities of Vencanna.
  • On January 17, 2023, at an annual general and special meeting, the shareholders of Vencanna approved the name change.
  • The Company has engaged Independent Trading Group (ITG) Inc. to act as the broker through which the Bid will be conducted.

Natixis Corporate & Investment Banking strengthens Real Estate & Hospitality Americas practice with new leadership structure and key appointments

Retrieved on: 
Thursday, February 8, 2024
UBS, Nuveen, REH, Mortgage Bankers Association, Chemical Bank, Bank, Growth, CMBS, Business development, Ares Management, Chase Bank, Tate–LaBianca murders, Natixis, Real estate, Head, Irvine Company, Prudential, Investment banking, Bank of America

NEW YORK, Feb. 8, 2024 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) today announced new senior appointments to the firm's Real Estate & Hospitality (REH) Americas team.

Key Points: 
  • NEW YORK, Feb. 8, 2024 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) today announced new senior appointments to the firm's Real Estate & Hospitality (REH) Americas team.
  • Torres' appointment was followed by the appointments of Julie Han as Head of Underwriting and David Schwartz as Head of Portfolio Lending.
  • "We are entering a new era of opportunity regarding our coverage of the real estate sector," said Thierry Bernard, Natixis CIB Global Head of Real Estate & Hospitality.
  • He also led the origination platform for the Real Estate Finance and Mortgage-Backed Securities Group within UBS Investment Bank.

Cohesity and Veritas’ Data Protection Business to Combine, Forming a New Leader in AI-Powered Data Security and Management

Retrieved on: 
Thursday, February 8, 2024
Data Management, Security, Apps, Applications, Technology, Software, Networks, Artificial Intelligence, Alston & Bird, Synthetic media, Latham & Watkins, SoftBank Vision Fund, TAM, Growth, Investment, JPMorgan Chase, Data management, CIO, Sequoia Capital, PJT Partners, Original equipment manufacturer, Backup Exec, Uncertainty, Guggenheim Partners, Senior, Failure, Face, ARR, Morgan Stanley, Semantic feature, Chase Bank, Research, Vii, Ix, Renewable energy

Cohesity , a leader in AI-powered data security and management, and Veritas , a leader in secure multicloud data resilience, today are announcing their definitive agreement under which Cohesity intends to combine with Veritas’ data protection business, which will be carved out of Veritas, to create a new leader in data security and management.

Key Points: 
  • Cohesity , a leader in AI-powered data security and management, and Veritas , a leader in secure multicloud data resilience, today are announcing their definitive agreement under which Cohesity intends to combine with Veritas’ data protection business, which will be carved out of Veritas, to create a new leader in data security and management.
  • Protecting the world’s data and gaining insights from that data are top imperatives for IT practitioners all the way to board members.
  • This highly complementary combination will create a new leader in data security and management with numerous product offerings to help customers address their needs for data security and data insights.
  • This figure includes the data replication and protection software market, estimated to be $12.2 billion in 2024 by IDC1.

FLEETCOR® Upsizes Credit Facility by $600 million; Establishing 10b5-1 Plan to Repurchase Shares

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Payments, Technology, Finance, Software, Fintech, Bank of America, Growth, JPMorgan Chase, Chase Bank, Bank, Fleetcor, PLC, Citizens Bank, Scotiabank, Citibank, Wells Fargo, BofA Securities, National Association

The transaction was leverage neutral and results in a $600 million increase in the Company’s capacity under its facilities.

Key Points: 
  • The transaction was leverage neutral and results in a $600 million increase in the Company’s capacity under its facilities.
  • This amendment resulted in an increase to the Company’s revolver from $1.5 billion to $1.775 billion.
  • In addition, the Company increased its borrowings under its Term Loan A facility by $325 million and used those proceeds to paydown its revolver balance.
  • FLEETCOR anticipates using the increased debt facility to drive earnings growth through both M&A and repurchasing FLEETCOR stock in 2024.