U.S. Financial Services Cyber Security Market 2021 includes Attractiveness and Raw Material Analysis and Competitor Position Grid Analysis to 2025

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Feb 04, 2021 (AmericaNewsHour) —
This cyber security market report focuses on the U.S. financial services demand side of cyber security products, systems & services. It is based on hundreds of interviews with financial institutions’ cyber security customers, CEOs, CISOs and CIOs as well as cyber security industry executives and world-class experts.

The surge and sophistication of “successful” cyber crimes against the U.S. financial services enterprises, major retail chains, and banks during 2013-2015, when over 600 million customers’ bank records and payment cards were compromised, shook the board rooms of the U.S. financial institutions.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Considering the economic and business implications of cyber attacks, it has now become mandatory for the financial industry to significantly increase its investments

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PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2020 Results and Increases Quarterly Dividend

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $452.8 million for the fourth quarter of 2020, or $5.97 per share on a diluted basis, on revenue of $1.0 billion. Book value per share increased to $47.80 from $41.67 at September 30, 2020.

PFSI’s Board of Directors declared a fourth quarter cash dividend of $0.20 per share, a 33 percent increase from the prior quarter, payable on February 25, 2021, to common stockholders of record as of February 12, 2021.

PFSI’s Board of Directors also approved an increase to its stock repurchase authorization from $500 million to $1.0 billion of outstanding common stock.

Fourth Quarter 2020 Highlights

  • Pretax income was $617.2 million, down 15 percent from the prior quarter and up 204 percent from the fourth quarter of 2019
    • Strong earnings driven by core production and servicing results partially offset by fair value
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