The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1132 ET - Equifax's government contracts are a key highlight of 3Q, while the company faces a tougher mortgage backdrop that has likely already been on most investors' radar, according to BMO's Ryan Griffin. In a report, the analyst notes 4Q guidance was lowered given the tougher mortgage market backdrop, but says "we believe most investors had expected this given the move in rates intra-quarter." Griffin says that performance in 3Q was bolstered by its Government segment which grew mid-single digit percentage growth and beat Wall Street consensus of 3%. Year-to-date Government annual contract value was $550 million, up from $300 million in 2Q. Shares are up 12% to $177.56. (adriano.marchese@wsj.com)

0942 ET - Canadian home prices inched up for a second time in three months in September, with the Teranet-National Bank Composite Index showing a 0.1% rise from August. Prices overall have remained essentially stable since June after a period of decline beginning in December 2025, says National Bank's Daren King. This stabilization in prices happened as activity in the resale housing market picked up since the spring, though home sales began to decline again in August and September as the recent upturn in Canada's job market has faded. King expects housing affordability to deteriorate in the coming quarters given September and early October were marked by a significant rise in mortgage rates that is likely to continue. (robb.stewart@wsj.com; @RobbMStewart)

0908 ET - Equifax 3Q showcases momentum across nearly every corner of the business, making the persistent drag from the U.S. mortgage market all the more glaring. Outside of domestic housing, 3Q revenue rose 8% in Diversified Markets, there was a 7% increase in Workforce Solutions as well, and gains in Consumer Lending, Government and Talent Solutions. Even U.S. mortgages revenue was up 15% in 3Q. Yet, the sharp late-3Q drop in the mortgage market was severe enough to offset broad-based gains and Equifax reduced full year 2026 revenue guidance at the midpoint to $6.661 billion, reflecting this reduction in its U.S. Mortgage related revenue. (adriano.marchese@wsj.com)

0857 ET - Equifax is grappling with a persistent drag from the U.S. mortgage market, where higher costs of borrowing and dampened home-buying trends are weighing on the year. "We expect the much weaker U.S. mortgage market that we saw in the latter half of the third quarter to continue through the remainder of 2026. As a result, we are reducing our full year 2026 revenue guidance at the midpoint to $6.661 billion, reflecting this reduction in our U.S. Mortgage related revenue," CEO Mark Begor says in a release. Equifax is up 6% premarket. (adriano.marchese@wsj.com)

0515 ET - Dubai's economy contracted 2.3% in real terms in the first half of 2026, with gross domestic product falling to 473 billion dirhams ($128.8 billion) from 484 billion dirhams a year earlier, according to the Dubai Data and Statistics Establishment. Financial and insurance activities grew 8.8%, accounting for 14% of GDP, up from 12.5% a year earlier. However, wholesale and retail trade contracted 6% in real terms, while transportation and storage declined 7.4% and real estate fell 2.5%. Construction grew 2.4%, while healthcare and social work activities expanded 14.3%. GDP at current prices rose 0.2% to 505 billion dirhams. (farhan.rafid@wsj.com)

0503 ET - The People's Bank of China is likely to hold its policy rate steady for rest of 2026, BNP Paribas says in a research note, citing unabated pressure on banks' net interest margins. BNP Paribas points out that the new property policy provides nationwide interest-rate subsidy for commercial mortgage loans, rather than an outright mortgage-rate cut. This is likely to provide some relief to banks, it adds. "The shift from broad-based deflation to mild inflation and the potential for further interest-rate hikes from the U.S. Fed are likely to limit monetary easing, in our view," it adds. (tracy.qu@wsj.com)

0330 ET - M&G has an edge from its low cost of capital which allows it to price annuities very competitively, Berenberg's Michael Huttner writes. The U.K. investment manager has low funding costs via its with-profits fund, which has 7.7 billion pounds of surplus capital. This means M&G can sustain solid new business growth, Berenberg writes. It also means M&G's target of attracting over 50 billion pounds in capital-light assets by 2030 is "fully achievable," Huttner adds. The company is also on track to meet its 2027 plan targets, Berenberg says. Shares are down 0.2%. (michael.hennessey@wsj.com)

0257 ET - Sabre Insurance Group is in good shape to weather a hardening market, Barclays analysts Ivan Bokhmat and Domenico Turco write. The U.K. motor insurer says that growth is likely to slow in the fourth quarter, while sector pricing hasn't kept up with claims inflation. However, Barclays notes its own 2026 estimate for Sabre implies only around 2% growth in the fourth quarter, so the bank sees limited downside risk. "Should prices continue to lag inflation, the anticipated continued double-digit growth in 2027 would have to rely more on Sabre's new pricing initiatives, rather than the positive market backdrop," the analysts add. The fourth quarter may need patience from investors, but Sabre's pricing means it is well positioned to deal with higher claims inflation, Barclays adds. (michael.hennessey@wsj.com)

0244 ET - Sabre Insurance Group is well positioned to meet its 2030 targets, but the market hasn't reflected that yet in its rating, Panmure Liberum's Abid Hussain and Lucy Williams write. The U.K. motor-insurance provider notes the pace of growth is slowing as it fully prices in forward-looking claims inflation, which the market has yet to do. "This means material price increases are still required across the broader industry, which should provide an additional compounding layer of profitable growth as pricing turns," Panmure says. Sabre's growth in profitable policy count, with margins within the target range, means the company is in a good place to meet its 2030 strategy targets. Sabre is a corporate broking client of Panmure. (michael.hennessey@wsj.com)

0233 ET - Plus500's acquisition of Brazilian broker-dealer Guru allows it to build a local offering and provide access to U.S. derivatives, Panmure Liberum's Barun Singh writes. Like the online-trading platform's recent purchase of Hedge in the U.S., any contribution from the deal will be positive, Panmure says. "In our view, as with Hedge, the value is the license, market access and team on the ground, not Guru's existing customers or revenue," the analyst notes. Terms for the deal are undisclosed, so Panmure leaves its estimates unchanged. (michael.hennessey@wsj.com)

2338 ET - Axis Bank is likely to see a more gradual margin recovery from the January-March quarter, Nomura analysts say in a note. While management expects sequential improvement, Nomura expects the Reserve Bank of India's October repo hike to reprice loans with a lag, and says FY 2028 margins hinge on further hikes. Nomura raises its FY 2027 loan growth forecast to 21% from 17% and cuts FY 2027 and FY 2028 EPS estimates by 2% and 4%, on lower treasury and fee income. Nomura maintains a buy on the stock and cuts the target price to 1,525 rupees from 1,545 rupees. Shares closed 3.9% lower at 1,236.90 rupees Monday. (venkat.pr@wsj.com)

2213 ET - Singapore Exchange faces an earnings hit from likely lower trading volumes, RHB Research's Shekhar Jaiswal says in a report. SGX's securities turnover and securities daily average value fell on-month in September, the analyst notes. Its implied 1H FY 2027 securities and derivatives activities track 7.4% and 10.2%, respectively, below RHB's forecasts. RHB cuts its earnings estimates for SGX by 8.3% for FY 2027, 8.4% for FY 2028, and 8.5% for FY 2029. RHB lowers the stock's target price to 20.30 Singapore dollars from S$22.20. However, SGX's valuation premium to regional peers remains defensible partly thanks to Singapore's structural tailwinds, RHB says, maintaining its neutral rating. Shares are 0.2% lower at S$20.73.