Total Revenue

+19.5% (from $4,459M to $5,329M)

Total Revenue grew dramatically in Q4 2024 due to a rebound in overall business activity and enhanced client engagement, likely driven by improved trading volumes and increased asset management & administration fee contributions compared to the softer performance in Q4 2023. " " "

Investor Services Revenue

+29% (from $3,439M to $4,445M)

Investor Services revenue surged by 29% YoY as a result of stronger fee-based earnings—bolstered by higher asset management and administration fees and improvements in trading revenue structure—marking a significant recovery from the lower figures observed in the previous quarter " " versus. " " "

Advisor Services Revenue

-13% (from $1,020M to $884M)

Advisor Services revenue declined by 13% YoY, reflecting continued headwinds in areas such as net interest revenue and trading activity, similar to previous periods where lower bank deposit account balances and shifts in client trading mixes negatively impacted revenue " " versus. " " "

Net Income

+76% (from $1,045M to $1,840M)

Net Income climbed 76% YoY driven by the combination of higher total revenues and improved cost control measures—including lower restructuring and integration-related expenses compared to previous quarters—thereby reversing earlier profitability challenges. " " "

Earnings Per Share (EPS)

+84% (from $0.51 to $0.94)

EPS increased by 84% YoY as a direct result of a significant net income boost and tighter overall expense management, which contrasts with prior periods where high restructuring costs and lower revenue margins had squeezed EPS. " " "

Dividend Payments

From an outflow of $573M to a payout of $3,975M

Dividend Payments swung markedly due to a strategic shift in the company's capital allocation—likely influenced by the elimination of obligations tied to previously redeemed preferred stock and an improved cash generation profile—creating a stark contrast with Q4 2023’s reduced dividend outflows. "