Affiliated Managers Group (AMG) announced strong financial results for Q2 2026, with diluted earnings per share (EPS) of $6.95 and economic EPS of $8.29, a 54% increase year-over-year. The company reported net income of $186 million and economic net income of $221 million, supported by record assets under management (AUM) of $942 billion. Net client cash flows reached $13 billion for the quarter, including a record $29 billion inflow into alternative investment strategies, highlighting AMG's successful focus on alternatives. AMG also repurchased $189 million in common stock during the quarter, signaling confidence in its growth prospects and capital position. Looking ahead, AMG plans to continue investing in growth through new and existing affiliates to capitalize on secular demand trends and drive long-term shareholder value.
Two directors of Equitable Holdings sold shares recently, with Bertram L. Scott selling 2,780 shares and Craig C. MacKay selling 2,000 shares. Meanwhile, institutional investors showed mixed activity: Engineers Gate Manager LP drastically cut its hol...
Shares of Greenland-linked mining companies surged following a new U.S.-Denmark-Greenland security agreement that boosted investor interest in Greenland's mineral resources. Greenland Mines Ltd. jumped over 229%, while Critical Metals Corp. rose near...
Biotech stocks and leveraged ETFs were the biggest losers in the market, with Cue Biopharma dropping 23.7% despite positive Phase 2 clinical results. Leveraged ETFs tied to AMD, Strategy, and Novo Nordisk also saw sharp declines due to their daily-re...
Novo Nordisk held its Analyst/Investor Day on September 21, 2026, featuring presentations from its top executives including the CEO and heads of R&D, product strategy, and operations. The event focused on the company's future plans, product pipeline,...
In Germany, swapping Bitcoin for gold is treated as a taxable sale unless the Bitcoin was held for over a year or total private sale gains are under €1,000 annually. The tax treatment varies depending on the form of gold acquired—physical bars, gold ...
