U.S. Diversified Financials Potentially Undervalued Companies

BioPharma Credit

Market Cap: US$1.0b

An investment trust, primarily invests in interest-bearing debt assets.

FirstRand

Market Cap: US$426.1b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

Wendel

Market Cap: US$3.5b

A private equity firm specializing in equity financing in middle markets and later stages through leveraged buy-out and transactions and acquisitions.

Japan Exchange Group

Market Cap: US$1.6t

Operates as a financial instruments exchange holding company in Japan.

eToro Group

Market Cap: US$3.7b

Engages in the trading business.

Goldman Sachs Group

Market Cap: US$237.8b

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.

Chimera Investment

Market Cap: US$1.1b

Operates as a real estate investment trust (REIT) in the United States.

Bread Financial Holdings

Market Cap: US$3.1b

Provides tech-forward payment and lending solutions to customers and consumer-based industries in North America.

Bank of New York Mellon

Market Cap: US$74.8b

Provides a range of financial products and services in the United States and internationally.

SEI Investments

Market Cap: US$11.0b

A publicly owned asset management holding company.

Donnelley Financial Solutions

Market Cap: US$1.6b

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

Peugeot Invest Société anonyme

Market Cap: US$1.8b

Operates as an investment company.

Ramsdens Holdings

Market Cap: US$69.4m

Engages in the provision of diversified financial services in the United Kingdom and internationally.

City of London Investment Group

Market Cap: US$171.5m

City of London Investment Group PLC is a publically owned investment manager.

Usio

Market Cap: US$39.2m

Provides integrated electronic payment processing services to merchants and businesses in the United States.

Schroders

Market Cap: US$6.0b

A publicly owned investment manager.

Groupe Bruxelles Lambert

Market Cap: US$9.3b

Invests in a portfolio of industrial, consumer goods, and business service companies operating in various sectors in Belgium, other European countries, North America, and internationally.

IG Group Holdings

Market Cap: US$4.0b

A fintech company, engages in the online trading business in the United Kingdom, Ireland, the Asia-Pacific, the Middle East, the United States, Europe, and emerging markets.

CAB Payments Holdings

Market Cap: US$132.5m

Through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, supranationals, and governments in the United Kingdom and internationally.

Kinnevik

Market Cap: US$24.3b

A venture capital firm specializing in investments in early to late venture and growth capital.

Gielda Papierów Wartosciowych w Warszawie

Market Cap: US$2.5b

Operates a stock exchange in Poland.

Mr. Cooper Group

Market Cap: US$12.0b

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

OppFi

Market Cap: US$889.1m

A tech-enabled digital finance platform, provides financial products and services for banks in the United States.

Fidelity National Information Services

Market Cap: US$36.4b

Fidelity National Information Services, Inc.

Lufax Holding

Market Cap: US$2.6b

Operates as a financial service empowering institution for small and micro businesses in China.

TOP Financial Group

Market Cap: US$43.8m

Through its subsidiaries, operates as an online brokerage company in Hong Kong.

Priority Technology Holdings

Market Cap: US$670.5m

Operates as a payment technology company in the United States.

Federal Agricultural Mortgage

Market Cap: US$2.2b

Provides a secondary market for various loans made to borrowers in the United States.