Finance & Banking · Week of Nov 2, 2026
Earnings, tokenized repo and new options: the week in finance
Third-quarter results, a capital-securities tender, tokenized repo volumes and new binary options filings led a mixed week in finance.
Earnings and balance-sheet updates made up much of the week. Hagerty raised its full-year 2026 Net Income and Adjusted EBITDA guidance even as third-quarter revenue fell, while Autohome reported lower revenue and net income and approved a cash dividend of US$1.58 per ADS. Hyperscale Data disclosed about $50.6 million in Bitcoin, cash and restricted cash, and Investcorp said it recorded US$11.1 billion in aggregate activity in the first nine months of 2026.
On market structure and capital, MIAX filed with the SEC to offer cash-settled binary index options and KPI binary options, and Broadridge said its Distributed Ledger Repo processed $7.6 trillion in October. HSBC raised the maximum size of its tender offer for a contingent convertible series, and Associated Banc-Corp announced a $2.1 million community commitment following its American National Bank conversion.
Hagerty
Hagerty Reports Third Quarter 2026 Results; Increases 2026 Growth Outlook
Hagerty reported third-quarter Net Income of $36 million and Adjusted EBITDA of $97 million, up 64%, and raised full-year 2026 guidance to Net Income of $48 million–$60 million and Adjusted EBITDA of $305 million–$315 million. The company says Total Revenue fell 9% to $354 million because of the transition to the Markel Fronting Arrangement, while Earned Premium rose 42% to $265 million.
Autohome Inc.
Autohome Inc. Announces Unaudited Third Quarter 2026 Financial Results
Autohome reported third-quarter net revenues of RMB1,315.0 million (US$196.1 million), down from RMB1,778.1 million, and net income attributable to Autohome of RMB195.0 million, down from RMB436.6 million. The Board approved a cash dividend of US$1.58 per ADS, and the company says it had repurchased 7,062,030 ADSs for about US$155.4 million under its US$400 million buyback as of October 30, 2026.
MIAX
MIAX Files with the SEC to Offer Cash-settled Binary Index Options and KPI Binary Options on its SEC-registered Exchanges
MIAX Options submitted proposed rule filings to the SEC on Nov. 3, 2026 to offer cash-settled binary index options, including on the Bloomberg 500 and Bloomberg 100, and binary options tied to company key performance indicators such as revenue or earnings per share. MIAX says it plans to launch the index contracts in 2027, subject to SEC review, with clearing at The Options Clearing Corporation, while the KPI options timeline will be announced later.
Hyperscale Data Inc.
Hyperscale Data Held Approximately $50.6 Million of Bitcoin, Cash and Restricted Cash as of November 1, 2026
Hyperscale Data said it held 211.4639 Bitcoin valued at about $16.5 million and about $34.1 million in cash and restricted cash as of November 1, 2026, for a combined total of about $50.6 million. The company says it is targeting December 2026 to energize the initial 10 megawatts of critical IT capacity at its Michigan AI data center and expects to divest Ault Capital Group, Inc. in 2027.
Associated Banc-Corp
Associated Bank and Associated Bank Foundation commit $2.1 million across Nebraska and Council Bluffs, Iowa, carrying American National Bank's legacy forward
Associated Banc-Corp and the Associated Bank Foundation announced a $2.1 million commitment in Nebraska and Council Bluffs, Iowa, including a $100,000 donation to The Salvation Army Western Division paid over four years from January 2027 and $2 million in foundation community investments. The commitment follows the bank's acquisition of American National Bank, which closed April 1, 2026, with customer account conversion completed in October 2026.
Broadridge Financial Solutions, Inc.
Broadridge's Distributed Ledger Repo Processes $7.6 Trillion in October
Broadridge said its Distributed Ledger Repo processed $7.6 trillion in repo transactions in October 2026, an average of $345 billion per day. The company says its recently launched DLX platform extends tokenization beyond securities financing to issuance, trading, settlement, servicing and distribution.
HSBC Holdings plc
HSBC HOLDINGS PLC ANNOUNCES INCREASE OF THE MAXIMUM TENDER AMOUNT OF ITS TENDER OFFER FOR ONE SERIES OF SECURITIES
HSBC Holdings plc raised the maximum tender amount for its cash tender offer on its $3,000,000,000 6.000% Perpetual Subordinated Contingent Convertible Securities from $1,000,000,000 to $1,500,000,000, paying $1,005.00 per $1,000.00 of principal plus accrued interest. The offer expires 19 November 2026 and is conditioned on closing of a $1,500,000,000 7.625% contingent convertible issuance priced on 5 November 2026.
Bahrain EDB
Investcorp Announces Aggregate Financial Activity for 2026 at Gateway Gulf Investment Forum
Investcorp said at Gateway Gulf 2026 in Bahrain that it raised US$4.8 billion, deployed US$3.7 billion and recorded US$2.6 billion in exits in the first nine months of 2026, for US$11.1 billion in aggregate activity. The company reported assets under management of US$65.2 billion as of September 2026 and says its Investcorp Wealth digital platform has enabled more than US$620 million in client capital raising since 2024.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Times Beats reporting.