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Bank of America Reports Third-Quarter 2020 Financial Results

Bank of America Reports Third-Quarter 2020 Financial Results

Bank of America reported its third-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005476/en/

Investor Conference Call information:
Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the financial results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795.

Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast of the conference call and view the presentation slides by visiting the “Events and Presentations” section of the company’s Investor Relations website.

Replay information for Investor Conference Call:
Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon ET on October 14, through 11:59 p.m. ET on October 23.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,900 lending centers, 2,500 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,300 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments,

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The New Home Company Reports Selected 2020 Third Quarter Preliminary Results

The New Home Company Reports Selected 2020 Third Quarter Preliminary Results

The New Home Company Inc. (NYSE: NWHM) today announced selected preliminary results for the 2020 third quarter. These estimated results are preliminary and unaudited.

Preliminary 2020 Third Quarter Financial Highlights (Estimated Results)

  • Net new orders of 251 as compared to 124 in the 2019 third quarter, a 102% increase

  • Monthly sales absorption of 3.5 per community as compared to 2.0 per community in the 2019 third quarter, a 75% increase

  • September net new orders of 99, a 106% increase compared to September 2019

  • Homes in backlog of 329 homes, representing $207.1 million in backlog value, as compared to 207 homes at the end of the 2019 third quarter, a 59% increase

  • Ending actively selling community count of 25, a 14% increase compared to the end of the 2019 third quarter

  • Homes sales revenue of $117.4 million as compared to $118.8 million for the 2019 third quarter

    • Deliveries of 157 as compared to 124 in the 2019 third quarter, a 27% increase

    • Average sales price of $748,000 as compared to $958,000 in the 2019 third quarter

  • Fee building revenues of $13.4 million as compared to $22.3 million for the 2019 third quarter

  • Cash and cash equivalents of $126.4 million as of September 30, 2020 as compared to $85.6 million as of June 30, 2020

  • Total debt, net of $290.3 million as compared to $327.4 million as of September 30, 2019

“The New Home Company continues to benefit from an incredibly strong housing market, as September’s order activity represented the highest monthly net order total in our company’s history driven by a monthly sales absorption rate of 4.0 per community,” said New Home Company CEO Leonard Miller. “Our preliminary results in the third quarter were also positively impacted by our ongoing shift to more affordable product, which helped push our monthly sales

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United States A2P and P2A Messaging Market Size is Projected to Reach USD 18,737.19 Million by 2025 | Valuates Reports

United States A2P and P2A Messaging Market Size is Projected to Reach USD 18,737.19 Million by 2025 | Valuates Reports

BANGALORE, India, Oct. 12, 2020 /PRNewswire/ — According to the Latest Market Research Report “A2P & P2A Messaging Market by Type (A2P, P2A), by Traffic (Multi-Country, National), by Messaging Platform (Cloud API Messaging Platform, Traditional & Managed Messaging Platform), by Industry (Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Education, Consumer Goods & Retail, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality), by Application (Authentication Services, Customer Relationship Management Services, Inquiry & Search Related Services, Interactive Messages, Notifications & Alerts, Promotional & Marketing Services, Pushed Content Services, Voting & Entertainment),  and Region – Global Forecast to 2025“, published on Valuates Reports. 

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The United States A2P & P2A Messaging Market is expected to grow from USD 14,378.29 Million in 2019 to USD 18,737.19 Million by 2025 at a CAGR of 4.51%.

Major factors driving the growth of Application to Person (A2P) & Person to Application (P2A) Messaging Market size include increased mobile marketing by advertisers and application developers, innovations in mobile payment and mobile banking apps, the ability to access messages without internet connexion, and the rapid growth in the mobile user base.

The report provides an exhaustive assessment of A2P & P2A Messaging Market size, shares, strategies, products, and manufacturing capabilities of the leading players. It also offers in-depth information about lucrative emerging markets, new product launches, untapped geographies, recent developments, and investments.

Get Detailed Analysis of COVID-19 Impact on A2P & P2A Messaging Market: https://reports.valuates.com/request/sample/360I-Auto-4J402/A2P_P2A_Messaging

TRENDS INFLUENCING THE A2P & P2A MESSAGING MARKET

Interaction and engagement with consumers have become important for businesses in the current market scenario. This, in turn, has boosted the growth of the A2P & P2A Messaging Market size.

Due

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Balaxi Pharmaceuticals reports revenue of INR 1,124 million in H1FY21

Balaxi Pharmaceuticals reports revenue of INR 1,124 million in H1FY21

HYDERABAD, India, Oct. 12, 2020 /PRNewswire/ — Balaxi Pharmaceuticals Limited (BPL), a branded IPR-based pharmaceutical company, today announced its results for the quarter and half year ended 30th September, 2020.

Financial Highlights – H1FY21:

  • The Company recorded a revenue of INR 1,124 million. Incremental growth is due to consolidation of newly acquired subsidiaries of Guatemala and Dominican Republic.
  • EBITDA came in at INR 193 million; EBITDA margin at 17.2%.
  • PAT came in at INR 188 million; PAT margin at 16.7%. 

Particulars (INR mn)

Q2FY21

Q1FY21

Q-o-Q%

H1FY21

Revenue

603

521

16%

1,124

EBITDA

103

90

14%

193

EBITDA Margin %

17.1%

17.3%

-20 bps

17.2%

PAT

101

87

16%

188

PAT Margin %

16.8%

16.7%

10 bps

16.7%

Segmental Performance:

Revenue (INR mn)

Q2FY21

Q1FY21

Q-o-Q %

H1FY21

Pharmaceuticals

385

322

20%

706

Ancillary

177

131

36%

308

Branded Consumer Products

41

68

-40%

109

  • Revenue from Pharmaceutical business saw sequential growth of 20% on account of new product launches and better product mix in Q2Y21. Sales mix of Branded: Generics in Q2FY21 stood at 29:71 as against 25:75 in Q1FY21.  
  • Pharmaceutical business segment contributes 63% of the consolidated revenues and 73% of the consolidated EBITDA.
  • Ancillary business witnessed an increase in revenue to INR 177 million in Q2FY21 versus INR 131 million in Q1FY21 registering a growth of 36% Q-o-Q.
  • Branded Consumer products top-line declined from INR 68 million in Q1FY21 to INR 41 million in Q2FY21. The de-growth was due to supply chain disruptions amidst the lockdown in Angola in the wake of COVID-19 pandemic.

Update on Pharmaceutical Product Registrations:

Particulars

Angola

Guatemala

Dominican Republic

Honduras

El Salvador

Central African Republic

Existing Product Registrations

289

79

136

24

20

Product Registrations in Pipeline

115

52

120

120

175

Commenting on the performance, Mr.

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Consumer Reports: Smart money strategies during COVID-19 pandemic

Consumer Reports: Smart money strategies during COVID-19 pandemic

For millions of Americans, this year has forced them to make very difficult financial decisions. And while the economic recovery is very uneven, for people with some money leftover at the end of each month, the question might be what to do with it: Spend it or save it?

Consumer Reports has some strategies to help you make smart money decisions in these uncertain times.

Andrea Bloome has devised a whole system, so she can zero her credit card bills and plan for her future, at the same time.

“My best plan is to take the money before I ever even see it, so I don’t even know it exists,” she said.

Money experts at Consumer Reports agree with her strategy, and say it’s important to find the right balance.

“It’s difficult to tackle two financial goals at once, but if you take a two-pronged approach, you can save for retirement and pay down your debt at the same time,” said Consumer Reports Money Editor Penny Wang.

Start by taking a good, hard look at where your money is going. Several online tools can help you track your spending, including Mint-dot-com, which is free — and YNAB, short for You Need A Budget, which costs $84 a year.

Then, look for ways to free up cash. You’ll have the biggest impact with big ticket items — such as housing or transportation.

But small fixes, like making coffee yourself or cooking at home, can also add up over time.

Next, prioritize your debt. High interest credit cards should go first and then lower interest debt, like student loans.

Setting up automatic payments, like Andrea has can help make it mindless.

“It makes it much easier, because that way, you don’t have to remember each month to send in the money and

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