Booz Allen Hamilton Holding Corporation BAH is currently benefiting from its transformation and innovation strategies while its balance sheet remains debt-heavy. The company recently reported first-quarter fiscal 2021 adjusted earnings per share of $1.07 that beat the Zacks Consensus Estimate by 11.5% and increased 15.1% on a year-over-year basis. Total […]
moves
JPMorgan, Lloyds moves may spur more wealth management fintech deals at UK banks
JPMorgan Chase & Co.‘s acquisition of Nutmeg and Lloyds Banking Group PLC’s takeover of Embark may spur further purchases of wealth management-focused financial technology firms as U.K.-based banks seek to cut costs and reach new customers. JPMorgan in June acquired Nutmeg Saving and Investment Ltd., a so-called robo-adviser, or online […]
California moves to regulate alternative student loans through ‘landmark agreement’
California’s top consumer watchdog has signed a deal with a company providing alternative student loans to increase oversight over increasingly popular income-share agreements (ISAs), Yahoo Finance has learned. The Department of Financial Protection and Innovation (DFPI) entered into a “landmark agreement” with New York-based Meratas, Inc., a software platform that […]