TFIN News & Events

Following a softer open in the futures markets overnight amid fears of another government shutdown, U.S. indices recovered at the start of the week with another session of gains.  Strength in shares of Alphabetand Meta Platformspropelled the Communication Services to the top of the sector rankings in the S&P 500 for the day.  Apple's3% gain supported the Tech sector, while Utilities ranked 3rd on the benchmark index in terms of performance.In the opening hour of the evening session, sentiment is a bit more mixed.  Dow Industrials futures are negative, weighed down by shares of United Healthwhich is falling 9% afterhours as CMS released Medicare Advantage 2027 price increase plan that are nowhere near consensus estimates.  S&P e-minis are flat while Nasdaq 100 is up 0.2%, with investors proving to be more willing to overlook threats of protectionism after President Trump announced a 10 point increase on exports from South Korea to 25%.  Korea's Kospi, however, is headed for a lower open as the South Korea MSCI ETF - EWY - was down 1% on the news.In commodities, precious metals are well off Monday's highs - Gold is below $5,040 after rising over $5,100 while Silver is at $107 per ounce after approaching $120 earlier in the day.  WTI Crude Oil is slightly firmer, trading just below $61 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Triumph Financialup 3.5%FirstSun Capitalup 3.0%Gracoup 2.0%Alexandria Real Estate Equitiesup 1.3%W. R. Berkleyup 0.5%Craneup 0.5%DOWN AFTER EARNINGS -Agilysysdown 12.7%Sanminadown 8.2%Brown & Browndown 6.1%Nucordown 3.0%Park Nationaldown 0.9%Enterprise Financial Servicesdown 0.8%ALSO LOWER -UnitedHealthdown 8.7%, Oscar Healthdown 3.0%, Molinadown 3.0%, Humanadown 12.5%, CVS Healthdown 9.4% after Centers for Medicare & Medicaid Services release of 2027 Advance Notice for Medicare Advantage rate plan calling for just 0.09% increase vs. 4%-6% analyst estimatesEllington Financialdown 2.2% after equity offering

The company said, "We have historically limited our guidance to expenses. We expanded things a bit in this letter to give investors a window into 1Q for our segments where we already know about contracted rate adjustments. This is not earnings guidance; however, it is a set of goals related to the important metrics we are monitoring internally. In last quarter's call, I spoke about our goal of growing transportation revenue by 20% over the next 4 quarters while exiting 4Q 2026 at a $96.5 million expense base. After delivering over 4% growth in 4Q, we are carrying that objective forward into 2026. Our goal remains to deliver approximately 20% transportation revenue growth while maintaining expense discipline consistent with that $96.5 million quarterly run-rate target exiting 4Q 2026. To support that outcome, we would look for (i) low teens growth in Factoring, (ii) ~25%+ growth in Payments, and (iii) ~50%+ growth in Intelligence revenue exiting 2026. Achieving 20% organic growth at our size is an ambitious target-especially while holding expenses flat-but that is the goal and the plan. Actual results may vary based on market conditions, seasonality, and other factors outside of our control. If we achieve these growth objectives and keep expenses in line with prior guidance, we will view 2026 to have been a very successful year. If it happens that the uniqueness and density of our Network or market conditions create a breakthrough to earnings that accelerates past these goals, we will not complain about it."