Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>MetLife's third-quarter 2024 results present a complex financial landscape shaped by investments, market conditions, and strategic initiatives across different regions.</li><li>The company reported adjusted earnings of $1.4 billion or $1.95 per share, slightly adjusted to $1.93 per share after accounting for notable items.</li><li>This reflects the challenges and operational realities amid variable investment income pressures and market dynamics.</li></ul>

MetLife's third-quarter 2024 results present a complex financial landscape shaped by investments, market conditions, and strategic initiatives across different regions.The company reported adjusted earnings of $1.4 billion or $1.95 per share, slightly adjusted to $1.93 per share after accounting for notable items.This reflects the challenges and operational realities amid variable investment income pressures and market dynamics.

MetLife Inc: Dealing With The Japan Market Dynamics & Executing Strategic Diversification To Up Their Game! - Major Drivers

<ul><li>MetLife demonstrated strong financial performance in its second quarter of 2024, reflecting robust underwriting results and solid variable investment income.</li><li>Despite navigating economic fluctuations, MetLife's diversified business operations played a key role.</li><li>The company reported adjusted earnings of $1.6 billion or $2.28 per share, marking an 18% increase from the prior year.</li></ul>

MetLife demonstrated strong financial performance in its second quarter of 2024, reflecting robust underwriting results and solid variable investment income.Despite navigating economic fluctuations, MetLife's diversified business operations played a key role.The company reported adjusted earnings of $1.6 billion or $2.28 per share, marking an 18% increase from the prior year.

MetLife Inc.: How Are They Adapting To The Interest Rate Environment? - Major Drivers

<ul><li>MetLife Inc. delivered solid financial results for the first quarter of 2024 with strong top-line growth, consistent execution, and sustained momentum.</li><li>The company reported adjusted earnings of $1.3 billion or $1.83 per share, up 20% per share from the prior year period, reflecting a partial rebound in variable investment income led by private equity gains.</li><li>Net income for the first quarter was $800 million, taking a sharp rise from $14 million from the prior year period.</li></ul>

MetLife Inc. delivered solid financial results for the first quarter of 2024 with strong top-line growth, consistent execution, and sustained momentum.The company reported adjusted earnings of $1.3 billion or $1.83 per share, up 20% per share from the prior year period, reflecting a partial rebound in variable investment income led by private equity gains.Net income for the first quarter was $800 million, taking a sharp rise from $14 million from the prior year period.

MetLife Inc.: A Story Of Capital Deployment to Achieve Responsible Growth and Boost Shareholder Value! - Major Drivers

<ul><li>MetLife managed to exceed Wall Street's revenue and earnings expectations, underscoring the company's sustained business momentum.</li><li>Adjusted earnings per share, excluding these items, stood at $1.95, reflecting a significant 43% increase from the previous year.</li><li>In the US Group Benefits sector, MetLife achieved an all-time high in adjusted earnings, totaling $483 million, a 16% year-over-year increase.</li></ul>

MetLife managed to exceed Wall Street's revenue and earnings expectations, underscoring the company's sustained business momentum.Adjusted earnings per share, excluding these items, stood at $1.95, reflecting a significant 43% increase from the previous year.In the US Group Benefits sector, MetLife achieved an all-time high in adjusted earnings, totaling $483 million, a 16% year-over-year increase.

MetLife Inc.: AI Partnerships As A Major Growth Driver! - Financial Forecasts

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Dai Ichi Life Insurance / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dai-ichi-life-insurance" target="_blank" data-smartkarma-citation="entities:1109:1" rel="noopener">Dai Ichi Life Insurance (8750 JP)</a> has seen rebounding net profit at a strong rate of growth for the past four quarters. </li>
<li>ROE has moved from a dismal 3.4% to 11.8% from 2Q23 to 2Q24, where a single US bank impairment should now drop out of the numbers</li>
<li>New business annual premiums are up from JPY97bn to JPY122bn from 2Q23 to 2Q24 with a high solvency ratio of 654% </li>
</ul>



Dai Ichi Life Insurance (8750 JP) has seen rebounding net profit at a strong rate of growth for the past four quarters. 
ROE has moved from a dismal 3.4% to 11.8% from 2Q23 to 2Q24, where a single US bank impairment should now drop out of the numbers
New business annual premiums are up from JPY97bn to JPY122bn from 2Q23 to 2Q24 with a high solvency ratio of 654% 


Dai-Ichi Life Holdings - 4 Quarters Strongly Rising Profit, ROE: 3% to 12%, A Profit Upgrade?

United States

MetLife, Inc. provides individual insurance, employee benefits and financial services with operations throughout the United States and the regions of Latin America, Europe, and Asia Pacific. The Company's products include life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals as well as group insurance.

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Metlife Inc (MET US)

MetLife Inc: Dealing With The Japan Market Dynamics & Executing Strategic Diversification To Up Their Game! - Major Drivers

MetLife's third-quarter 2024 results present a complex financial landscape shaped by investments, market conditions, and strategic initiatives...

Baptista Research

MetLife Inc.: How Are They Adapting To The Interest Rate Environment? - Major Drivers

MetLife demonstrated strong financial performance in its second quarter of 2024, reflecting robust underwriting results and solid variable...

Baptista Research

MetLife Inc.: A Story Of Capital Deployment to Achieve Responsible Growth and Boost Shareholder Value! - Major Drivers

MetLife Inc. delivered solid financial results for the first quarter of 2024 with strong top-line growth, consistent execution, and sustained...

Baptista Research

MetLife Inc.: AI Partnerships As A Major Growth Driver! - Financial Forecasts

MetLife managed to exceed Wall Street's revenue and earnings expectations, underscoring the company's sustained business momentum. Adjusted...

Baptista Research

Dai-Ichi Life Holdings - 4 Quarters Strongly Rising Profit, ROE: 3% to 12%, A Profit Upgrade?

Dai-ichi Life Holdings is a sprawling global insurer and asset manager, with Japan, Australia and US as key markets. Profit is improving strongly,...

Daniel Tabbush

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