Arbor Realty (ABR) gains 0.79% for October 14

Arbor Realty Trust Inc. (NYSE: ABR), a Uniondale, New York company, gained to close at $ 19.21 on Thursday after gaining $ 0.15 (0.79%) on volume of 740,310 shares. . The stock ranged from a high of $ 19.23 to a low of $ 19.06, while Arbor Realty’s market cap now stands at $ 2,730,825,232.

About Arbor Realty Trust Inc.

Arbor Realty Trust, Inc. is a nationwide real estate investment trust and direct lender, providing loans and services for multi-family, senior housing, health care and other commercial real estate assets. various. Based in New York City, Arbor manages a multibillion-dollar service portfolio specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® and Freddie Mac OptigoSeller / Servicer lender. Arbor’s product platform also includes CMBS, bridges, mezzanine, and preferred stock loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and personalized solutions with unparalleled dedication to providing our clients with excellence throughout the life of a loan. .

Visit the Arbor Realty Trust Inc. profile for more information.

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BlackRock beats third quarter earnings estimates, but asset growth flattens

BlackRock Inc topped third quarter earnings estimates, helped by high performance fees and strong demand for its actively managed and sustainable funds, even as market volatility kept the world’s largest fund manager from increase its assets under management.

Asset managers have benefited from the surge in global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by advances in vaccinations and a strong fiscal and monetary assistance.

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JPMorgan misses third quarter revenue, beats profit estimates with one-off items

JPMorgan Chase posted a 24% rise in third-quarter profits on Wednesday, largely thanks to one-off items that boosted results as the bank struggled to increase revenue with interest rates close zero.

The country’s largest bank by assets said it made a profit of $ 11.69 billion, or $ 3.74 per share, compared to profit of $ 9.44 billion, or $ 2.92 per share. share, during the same period a year earlier. The bank had two one-off items that helped boost its profits this quarter: a $ 566 million tax break and the release of $ 2.1 billion from its troubled loan books, which JPMorgan does every three months. since the US economy began to recover from the pandemic.

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Emerson Electric to Merge Industrial Software Companies with Aspen Technology

Industrial software maker Emerson Electric Co (NYSE: EMR) will merge two of its businesses with smaller rival, Aspen Technology Inc (Nasdaq: AZPN), in an $ 11 billion deal.

The cash and stock transaction on Monday announced AspenTech’s value at around $ 160 per share, a 27% premium from its October 6 close, before Bloomberg News first reported on the discussions between the two companies.

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About the New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value with more than $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information about Arbor Realty Trust Inc. and keep up with the latest company updates, you can visit the company profile page here: Arbor Realty Trust Inc.’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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