TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2026
China’s TAL Education Group reported a robust turnaround in FY2026, posting net revenues of $3.01 billion, a 33.7% increase year‑over‑year, and net income of $530.8 million, up from $84.6 million in FY2025. The fourth quarter alone saw revenue climb 31.5% to $802.4 million and an operating profit of $72.5 million, reversing a loss from the prior year. Non‑GAAP operating income surged 416% to $319.1 million, while cash, cash equivalents and short‑term investments stood at $3.24 billion. Management highlighted continued focus on quality growth and operational efficiency heading into FY2027.
China’s Major Credit Rating Firms to Meet on Improving Quality
China’s top credit‑rating agencies will convene next week at the behest of regulators to address quality concerns. Over ten firms have been invited to discuss inflated ratings, weak risk‑warning practices, and corporate‑governance improvements. The meeting will also explore how rating...
Mamdani Considers Delaying Pension-Fund Payments to Ease Budget Gap
Mayor Zohran Mamdani is weighing a proposal to postpone New York City’s municipal pension payments, aiming to free at least $1 billion in the 2026‑27 fiscal year. The plan would extend the city’s deadline for meeting long‑term pension obligations beyond the...
Navigating Now, Preparing for Tomorrow: The Evolving Corporate Risk Agenda
HSBC’s Q1 2026 Markets Pulse Survey of 1,300 corporates shows a paradox of optimism and heightened risk awareness. While 72.5% remain confident about performance over the next 12‑18 months, executives are prioritising balance‑sheet optimisation, cost efficiency and digital transformation. Liquidity...
China’s DeepSeek Holds First Funding Round
Chinese AI startup DeepSeek announced its first external funding round, offering up to 3% of equity to state‑backed and industrial investors. The round seeks to establish a market‑based valuation and give employees clarity on stock‑option worth, aiming to curb talent...
A Novel Budget-Based C+SVM Model for Credit Risk Prediction
Researchers introduced a budget‑aware C+SVM model that blends cost constraints with support vector machine classification to predict credit risk. The approach simultaneously selects optimal features and assigns weights, targeting the lowest total misjudgment cost while staying within a predefined budget....
PwC Pays $166 Million to Settle HK Evergrande Audit Probe
PwC agreed to pay HK$1.3 billion ($166 million) in compensation and fines to settle Hong Kong’s probe into its audit of China Evergrande Group. The Accounting and Financial Reporting Council also levied a HK$300 million ($38 million) fine and imposed a six‑month suspension on PwC...
Orbital Vs. Terrestrial Data Center Cost Analysis
A new analysis from Payload compares the total cost of operating orbital data centers with traditional terrestrial facilities. While space‑based hubs promise lower latency and greener power sources, they require roughly 2.5 times higher capital expenditures and face steep regulatory...
Geopolitical Risk and the CRD 6 / CRR 3
The EU’s revised banking framework, CRR 3 and CRD 6, does not create a stand‑alone capital charge for geopolitical risk but weaves the risk into several regulatory expectations. Heightened prudential standards now require banks to factor geopolitical and trade risks into capital...
NatWest Launches Venture Banking with AWS Partnership - and the Data Architecture Story Behind It
NatWest has unveiled a new Venture Banking unit aimed at high‑growth, equity‑backed firms, coinciding with a strategic partnership with Amazon Web Services. The collaboration focuses on building a unified data mesh on SageMaker Studio to give the bank a single...
CCIL Chief Explains What Financial Markets Will Now Need to Keep Pace with Volatile Geopolitics
Rajeshwar Rao, chairman of the Clearing Corporation of India (CCIL), warned that future financial market infrastructure must become more agile, data‑driven and tightly integrated to keep pace with rapid technological shifts and a fragile geopolitical environment. He flagged cyber threats,...
Euler ILS Partners Sees $1bn Fund Opportunity for Data Centre Sidecar Risk: Bloomberg
Euler ILS Partners, a Swiss specialist in insurance‑linked securities, is planning a $1 billion sidecar fund to underwrite data‑center construction risk. The fund will use quota‑share arrangements with an insurer, targeting double‑digit returns for investors. Euler has already secured indications of...
Policy Paper: Balance Sheet Framework
The UK Treasury has released an updated Balance Sheet Framework, a comprehensive guide for public‑sector organisations on managing assets, liabilities and entities across three portfolios. The April 2026 revision adds an annex with guidance on public‑sector data valuation and the handling...
WH Smith Suspends Dividend as Retailer Warns of Iran War Hit
UK retailer WH Smith Plc announced suspension of its dividend as the ongoing conflict in the Middle East, particularly the war involving Iran, drags on and impacts its operations. The move follows a dividend cut in December and aims to...
Debt Markets Platform 9fin Expands Into Asia-Pacific
9fin, the global debt‑market intelligence platform, has launched its services across the Asia‑Pacific region, extending its footprint beyond its Hong Kong hub. The rollout provides APAC credit professionals with real‑time news, proprietary data and AI‑driven analytics covering over 1,800 issuers...
Union Bank of India Q4 Results: Net Profit Jumps 6.6% YoY to ₹5,316 Crore; ₹5 Dividend Declared
Union Bank of India reported a 6.6% year‑on‑year rise in standalone net profit to ₹5,315.76 crore (≈ $640 million) for Q4 FY26, while net interest income slipped 1.1% YoY to ₹9,405.98 crore. Gross non‑performing assets fell to 2.82% and net NPAs to 0.48%, signalling...
Ledger Appoints New CFO and Opens New York Office Ahead of Potential Wall Street Listing
Ledger, the French crypto‑security unicorn, announced John Andrews as its new chief financial officer and the launch of a New York office. Andrews brings 25 years in finance, including a stint as head of capital markets at Circle, the firm behind USDC....
Hong Kong ‘Ideally Placed’ to Promote Use of Alternative Risk Transfer and ILS: IA’s Stephen Yiu
Hong Kong’s Insurance Authority Chairman Stephen Yiu said the city is uniquely positioned to champion alternative risk transfer and insurance‑linked securities (ILS). He highlighted that global ILS assets under management hit a record $129 billion in Q1 2026 and that Hong Kong...
International Quarterly Securitisation Update--Q1 2026
Morningstar DBRS’ Q1 2026 International Securitisation Update shows European issuance slipping to €60.1 bn ($66 bn), an 11% YoY decline, while distributed issuance rose to €41.1 bn ($45 bn), lifting its share to 68.3%. Investor‑placed transactions surged 27.5% YoY, reaching €26.6 bn ($29 bn). The report also...
Big Bet on Orban’s Exit Came From Center of His Family’s Empire
Equilor Asset Management, part‑owned by Viktor Orban’s son‑in‑law, built a heavy overweight in Hungarian government bonds and equities ahead of the April 12 election. The fund’s bet paid off when the opposition Tisza party won decisively, sending the BUX index to record...
Is Your Supplier on the Government “Naughty” List?
The article urges SMEs to run credit checks on prospective clients by leveraging the UK government’s Check Payment Practices and Performance tool and the Fair Payment Code awardee list. It explains how these resources reveal average payment times, late‑payment rates and...
Morningstar DBRS' Takeaways From AFME's Spanish Capital Markets Conference 2026: European Capital Market Integration Is More Relevant Than Ever
Morningstar DBRS highlighted key insights from AFME’s Spanish Capital Markets Conference 2026, focusing on the EU’s Savings and Investment Union (SIU) launched in 2025. Panelists stressed the urgent need for EU financing to support the energy transition and defence, while...
Exclusive: Gauri Khan Family Trust to Re-Invests in Sleepy Owl
Sleepy Owl, the Indian D2C coffee brand, announced a fresh Series C2 funding round of Rs 12 crore (approximately $1.5 million). The round was led by Optiscape Network Holdings with a Rs 5 crore ($0.6 million) investment, and included contributions from Pramod Bhasin, the Gauri Khan...
Institutional Investors Rapidly Expand Use of ETFs
Cerulli Associates and Invesco report that North American institutional investors have nearly doubled their ETF holdings over the past five years, reaching roughly $337 billion in 2025. The asset class grew at a 14.4% compound annual growth rate, far outpacing the...
Strata 2026 Healthcare Financial Outlook Report: Medicaid Cuts and Labor Costs Top CFO Concerns
Strata Decision Technology’s 2026 Healthcare Financial Outlook finds Medicaid reimbursement cuts and rising labor expenses now dominate CFO agendas, with 66% naming Medicaid cuts as their top concern. While 43% anticipate modest margin growth, 25% expect declines, underscoring a focus...
'It's Not Zero': WAF's Hyde on Kiaka's Sale Price
West African Resources (WAF) is negotiating the sale of a 25% stake in its Kiaka gold mine to the Burkina Faso government for an estimated A$175 million (about $115 million USD). Managing director Richard Hyde emphasized that the price is "not zero,"...
Figure Lending's HELOC Pool Supports $383.4 Million in RMBS
Figure Lending is launching a $383.4 million residential mortgage‑backed securities (RMBS) transaction backed by a pool of home‑equity line of credit (HELOC) contracts. The FIGRE Trust 2026‑HE4 will issue seven tranches, ranging from AAA‑rated Class A to B‑rated Class F, each with distinct...
Octus: Private Credit & Deal Origination Insights – 4/20/2026
Octus released a Q4 2025 analysis of business development companies (BDCs) showing that adjusted nonaccrual levels are substantially higher than the figures reported by individual firms. By aggregating cost and fair‑value data for every tranche held across the sector, the study...
Leveraged Loan Insight & Analysis – 4/20/2026
Direct lenders in the United States raised less than $77 bn in the first quarter of 2026 to fund sponsor‑backed transactions. That represents a 30% drop from the fourth quarter of 2025, marking the steepest quarterly decline since 2022. The contraction...
Vero Fiber Completes Acquisition of TEC
Vero Fiber announced the closing of its acquisition of Telephone Electronics Corporation (TEC), extending its fiber‑to‑the‑home network into Mississippi, Alabama and Tennessee. The deal brings roughly 444,000 households—both active and prospective—under Vero’s service umbrella while allowing TEC to keep its...
Boeing Stock Price Resets After Earnings
Boeing reported a stronger first‑quarter, with revenue climbing 14% to $22.2 billion and GAAP loss narrowing to $0.11 per share. Operating cash flow improved to a negative $0.2 billion, a sharp turnaround from the $1.6 billion deficit a year ago, while the total...
ADB Commits $680 Million for Pacific Development in 2025
On April 23, 2026, the Asian Development Bank announced a $679.8 million commitment for its Pacific developing member countries in 2025, including $214.4 million in grants from the Asian Development Fund. The funding targets transport, water, energy, finance and public sector management,...
World Kinect Corp (WKC) Q1 2026 Earnings Call Transcript
World Kinect Corp reported Q1 2026 consolidated volume of 4 billion gallons, down 6% YoY, while gross profit rose 10% to $254 million, driven primarily by an 82% surge in marine segment profit. Marine volume grew 4% and benefited from sharp price...
Intel Corp (INTC) Q1 2026 Earnings Call Transcript
Intel reported Q1 2026 revenue of $13.3 billion, a 4% sequential increase, but posted a non‑GAAP loss of $0.46 per share after a $3 billion impairment hit gross margin. The company accelerated cost‑cutting, trimming more than 15% of its workforce and slashing...
Huntington Bancshares Inc (HBAN) Q1 2026 Earnings Call Transcript
Huntington Bancshares reported 11% revenue growth and 16% adjusted EPS increase in Q1 2026, with loan portfolio expanding 14.4% year‑over‑year and net interest income rising 14% YoY to $86 million. The bank completed Veritex integration in 187 days and is preparing...
ConnectOne Bancorp Inc (CNOB) Q1 2026 Earnings Call Transcript
ConnectOne Bancorp reported a strong Q1 2026 performance, with net interest margin climbing to 3.11% and core deposits adding over $600 million. Loan originations topped $465 million, keeping the loan‑to‑deposit ratio under 100%, while credit quality remained solid with nonperforming assets...
Kearny Financial Corp (KRNY) Q3 2026 Earnings Call Transcript
Korn Ferry reported Q3 FY2026 fee revenue of $717 million, a 7% year‑over‑year increase marking its fifth straight quarter of accelerating growth. Adjusted EBITDA rose 7.5% to $123 million, with the margin expanding to 17.2%. The company announced a 15% dividend hike...
American Express Co (AXP) Q1 2026 Earnings Call Transcript
American Express reported Q1 2026 revenue of $17 billion, an 8% FX‑adjusted increase, and net income of $2.6 billion, or $3.64 per share, in line with guidance. Card member spending rose 6% (7% excluding leap‑year effects) while net card fees grew 20%...
S&T Bancorp Inc (STBA) Q1 2026 Earnings Call Transcript
S&T Bancorp posted Q1 net income of $34 million, or $0.89 per share, and lifted its net interest margin to 3.99%, the strongest level since 2023. Loan growth accelerated to a 4.5% annualized rate, driven by commercial and industrial as well...
Ameriprise Financial Inc (AMP) Q1 2026 Earnings Call Transcript
Ameriprise Financial reported adjusted operating EPS of $9.92, up 12% year‑over‑year, while maintaining a 27% firm‑wide margin. Assets under management, administration and advisement reached a record $1.7 trillion, an 8% increase, and the firm’s return on equity approached 53%, positioning it...
Blackstone Inc (BX) Q1 2026 Earnings Call Transcript
CBRE Group reported an 18% revenue increase in Q1 2026, with all three services segments—Advisory, Building Operations & Experience (BOE), and Project Management—posting roughly 20% top‑line growth and near‑30% operating profit expansion. Infrastructure‑related services, especially critical infrastructure and data‑center leasing,...
Acme United Corp (ACU) Q1 2026 Earnings Call Transcript
Atlantic Union Bankshares reported Q1 2026 adjusted operating earnings of $126.2 million, with net income of $119.2 million, after fully absorbing the Sandy Spring merger costs. Loan balances rose to $27.9 billion, reflecting 2.2% annualized growth, while deposits slipped slightly to $30.4 billion as brokered...
SLM Corp (SLM) Q1 2026 Earnings Call Transcript
SLM Corp reported Q1 2026 diluted EPS of $1.54, a 10% increase year‑over‑year, and loan originations of $2.9 billion, up 5%. The company executed a $2 billion seasoned loan portfolio sale and a $200 million accelerated share repurchase, bringing total share buybacks to...
Comfort Systems USA Inc (FIX) Q1 2026 Earnings Call Transcript
Comfort Systems USA Inc (FIX) reported Q1 2026 revenue of $1.32 billion, a 5% year‑over‑year increase, and adjusted EBITDA of $106 million, yielding an 8% margin that slipped slightly. The Residential division posted a 4% revenue rise and a 10% EBITDA gain,...
WSFS Financial Corp (WSFS) Q1 2026 Earnings Call Transcript
WSFS Financial Corp reported a strong Q1 2026, posting core earnings per share of $1.43, a 29% year‑over‑year increase, and a core ROA of 1.42%. Net interest margin held at 3.83% despite 75 basis points of rate cuts, while fee...
Travelzoo (TZOO) Q1 2026 Earnings Call Transcript
Travelzoo reported Q1 2026 revenue of $22.5 million, a 9% year‑over‑year increase, driven by a 180% surge in Club Membership. Operating profit slipped to $0.6 million (3% margin) as the company accelerated member‑acquisition spending and absorbed a one‑time global meeting...
Bancorp Inc (TBBK) Q1 2026 Earnings Call Transcript
Banc of California (TBBK) posted first‑quarter 2026 earnings per share of $0.39, a 50% year‑over‑year increase, driven by net interest margin expansion and strong operating leverage. Net interest margin rose to 3.24% and the adjusted efficiency ratio improved by roughly...
Pool Corp (POOL) Q1 2026 Earnings Call Transcript
Pool Corp reported full‑year 2025 revenue of $5.3 billion, unchanged year over year, as strong maintenance demand offset weakness in new‑pool construction. Gross margin rose to 29.7% for the year and 30.1% in Q4, reflecting disciplined pricing and supply‑chain benefits despite...
Carter Bankshares Inc (CARE) Q1 2026 Earnings Call Transcript
Carter Bankshares reported Q4 net sales of $925 million, an 8% year‑over‑year increase, but gross margin slipped 460 basis points to 43.2% as tariffs added roughly $40 million in product costs. Adjusted earnings per share fell to $1.90 from $2.39, reflecting the...
Covenant Logistics Group Inc (CVLG) Q1 2026 Earnings Call Transcript
Covenant Logistics Group reported Q1 2026 freight revenue of $270.6 million, a 7.8% year‑over‑year increase, while adjusted operating income fell 39.4% to $10.9 million due to margin compression in Expedited, Managed Freight and Warehousing. The company’s adjusted leverage rose to...