Riley Financial is a diversified financial services firm that offers a wide array of solutions, including investment banking, asset management, financial advisory, and brokerage services. The company serves a broad spectrum of clients, from corporations and institutional investors to high-net-worth individuals, facilitating capital raising, mergers and acquisitions, and strategic advisory initiatives. Additionally, B. Riley Financial provides independent research and valuation services, as well as a suite of financial products, positioning itself as a comprehensive resource for tailored financial solutions in various markets.
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B. Riley Financial (NASDAQRILY) shares are trading lower Monday after the company announced it expects to record a combined impairment of approximately $120 million due to its investments in Franchise Group.
B. Riley Financial shares are trading higher Monday after the company announced it has entered into a partnership with Oaktree Capital Management. Here's a look a what's going on:
B. Riley Financial (NASDAQRILY) shares are trading higher following the announcement of significant strategic initiatives, including the sale negotiation of a majority stake in its Great American Group at a $380 million enterprise value, alongside a $236 million debt financing plan for its brands portfolio.
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B. Riley Financial Inc (NASDAQRILY) shares continue to face heavy selling pressure on Tuesday after the company delayed its quarterly financial results as regulators investigate whether B. Riley properly disclosed risks associated with some of its assets.
B. Riley Financial expects to report a quarterly loss ranging from $435 mln to $475 mln. The investment bank has also suspended dividend payments. RILY cited fallout from its FRG investment for the projected losses.
