U.S. Diversified Financials Potentially Undervalued Companies

Jackson Financial

Market Cap: US$5.2b

Through its subsidiaries, provides suite of annuities to retail investors in the United States.

Regional Management

Market Cap: US$292.3m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Julius Bär Gruppe

Market Cap: US$10.1b

Provides wealth management solutions in Switzerland, Europe, the Americas, Asia, and internationally.

Merchants Bancorp

Market Cap: US$1.4b

Operates as the diversified bank holding company in the United States.

FinVolution Group

Market Cap: US$2.0b

Operates in the online consumer finance industry.

Trinity Capital

Market Cap: US$852.0m

A business development company specializing in term loans, equipment financing, and private equity-related investments.

Stifel Financial

Market Cap: US$8.5b

Operates as the bank holding company for Stifel, Nicolaus & Company, Incorporated that provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally.

IGM Financial

Market Cap: US$9.8b

Engages in the asset management business in Canada.

Noah Holdings

Market Cap: US$543.8m

Operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally.

NewtekOne

Market Cap: US$264.0m

Operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.

Rithm Capital

Market Cap: US$5.1b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

HAL Trust

Market Cap: US$10.2b

Operates through multi-sectors in Europe, the United States, Canada, Asia, and internationally.

Capital Southwest

Market Cap: US$962.6m

A business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.

Northern Trust

Market Cap: US$17.3b

A financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide.

Chicago Atlantic Real Estate Finance

Market Cap: US$281.9m

Chicago Atlantic Real Estate Finance, Inc.

Kaspi.kz

Market Cap: US$16.0b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

Exor

Market Cap: US$16.3b

Engages in the automotive, agriculture and construction, sports car, commercial vehicle, and powertrain businesses worldwide.

State Street

Market Cap: US$22.8b

Through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.

Goldman Sachs Group

Market Cap: US$160.5b

A financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals in the Americas, Europe, the Middle East, Africa, and Asia.

Voya Financial

Market Cap: US$5.4b

Provides workplace benefits, and savings solutions and technologies in the United States and internationally.

NMI Holdings

Market Cap: US$2.7b

Provides private mortgage guaranty insurance services in the United States.

Donnelley Financial Solutions

Market Cap: US$1.1b

Provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally.

SLM

Market Cap: US$5.4b

Through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States.

Two Harbors Investment

Market Cap: US$1.1b

Invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States.

Corebridge Financial

Market Cap: US$14.8b

Provides retirement solutions and insurance products in the United States.

Priority Technology Holdings

Market Cap: US$519.3m

Operates as a payment technology company in the United States.

Qifu Technology

Market Cap: US$5.2b

Qifu Technology, Inc., together with its subsidiaries, operate AI-empowered credit-tech platform under the Qifu Jietiao brand in the People’s Republic of China.

AGF Management

Market Cap: US$608.2m

AGF Management Limited is one of Canada’s premier investment management companies with offices across Canada and subsidiaries around the world.

International Money Express

Market Cap: US$360.5m

Operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia.

Mr. Cooper Group

Market Cap: US$7.0b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Futu Holdings

Market Cap: US$11.1b

Provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally.

ORIX

Market Cap: US$3.0t

Provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East.

Investor

Market Cap: US$826.2b

A private equity firm specializing in mature, middle market, buyouts and growth capital investments.

XP

Market Cap: US$7.2b

Provides financial products and services in Brazil.

Ameriprise Financial

Market Cap: US$44.9b

Operates as a diversified financial services company in the United States and internationally.

St. James's Place

Market Cap: US$4.4b

A publicly owned investment manager.