Daily Brief Financials: Apollo Global Management , Pantheon Infrastructure PLC, Japan Post Holdings, Trinity Bank NA, Block , Custodian REIT, Clip Money and more

• The S&P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
• In this insight, we take a look at the upcoming constituent changes in the run up to the December 2024 index rebal event.
• We expect two regular changes in December 2024. There are also several live spin-off and M&A events which could trigger intra-review index changes in late-2024/early-2025.

• Pantheon Infrastructure PLC (PINT) is a closed-ended investment company offering investors access to a diverse portfolio of global infrastructure assets
• Focus on providing progressive dividend and potential for NAV organic total return of 8-10%
• Aiming to reduce discount to NAV, capitalize on potential improvement in NAV valuation, and offer attractive IRR with potential for best-case scenario of 30% by end of FY2026

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• H1 Results improved but did not raise guidance for the FY
• Insurance subsidiary surprised with a buyback of shares after strong results
• Bank subsidiary profits improved as expected as interest rates increase

• This write-up is not something you would normally (or ever) expect from me.
• It’s about a bank. To be more specific, it is about a one-branch community bank out of Fort Worth, Texas.
• Despite sounding unimpressive at first, probably enticing you to stop reading the article immediately, this bank has managed to outperform both the SPY and every other bank ETF that you can think of since going public in late 2003.

• Block, the parent company of brands like Square and Cash App, has reported its third-quarter financial results for 2024, revealing a noteworthy performance with both achievements and challenges.
• This analysis provides a balanced examination of the outcomes and outlook for the company, incorporating insights from their latest earnings call.
• Block’s third-quarter results exhibited robust growth, with a significant increase in gross profit, reaching $2.25 billion, up 19% compared to the previous year.

• The structure and investment remit of the real estate investment trust (REIT) have been proven to be resilient and position it strongly for the short- and medium-term future.
• The investment return emphasis is on income, which is generated from a diverse portfolio with modest capital gearing.
• Because Custodian Property Income REIT (CREI) is designed to focus on smaller, individual property lot sizes, it acquires at higher asset yields than the market in general.

• Clip Money is a rapidly growing NCR-backed start-up based in Ottawa, Canada, and operating in Canada and the US.
• It is helping physical stores and businesses quickly, safely, and less expensively deposit cash into their bank accounts, as well as replenishing notes and coins for store operations.
• The company uses its proprietary software platform to facilitate cash management, and its network is made up of a network of DropBoxes and NCR ATMs located in retail outlets.