_id
69105394ccc777a4e85d552e
Ticker
CPF
Name
Central Pacific Financial Corp
Exchange
NYSE
Address
220 South King Street, Honolulu, HI, United States, 96813
Country
USA
Sector
Financial Services
Industry
Banks - Regional
Currency
USD
Website
https://www.cpb.bank
Description
Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. The company offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit. It also provides various lending activities, such as commercial, commercial and residential mortgage, home equity, and consumer loans; and other products and services comprising debit cards, internet and mobile banking, cash management services, full-service ATMs, safe deposit boxes, international banking services, night depository facilities, foreign exchange, and wire transfers. In addition, the company offers wealth management products and services that include non-deposit investment products, annuities, insurance, investment management, asset custody and general consultation, and planning services. Central Pacific Financial Corp. was founded in 1954 and is headquartered in Honolulu, Hawaii.
Last Close
32.19
Volume
98594
Current Price
32.41
Change
0.6834420627524042
Last Updated
2025-11-29T11:47:08.013Z
Image
data:image/webp;base64,UklGRp4DAABXRUJQVlA4WAoAAAAQAAAAPwAAPwAAQUxQSEoAAAABZ6AgbQPGv+f9mYiI9GlbsKGotm3qafAyPA0kMDMVwYgaIoggggjSsd7H0FoR/Z8AT7xhO+DF+T1ZbIMLIlvmwsIFD2j1PtFxB1ZQOCAuAwAAkBAAnQEqQABAAD6lRJtJpiQioTP5nVDAFIlsAMoz0QaHvX5Gcxdzb354Ku2+cvtgPMB+t37Ae1N+t3ul+kDjS/2A9gDpVV/ItPlo6UpowsjCuqZfdTgp6gFeqXaSYlzHLFITa6tdWMKoSiTv30ftF8huFjpDENKLICKvMeMFJqcQXi0xsdcGpxzfbKEAAOzzoWHBF6J1tKHtuB7cSm29YBS328n1AllsucIxQAeLg0993VIwiLL1hLPi1Cf4d4nWEB8YP/+pxDD1Rq0AtJ95lK+LNZCxQvaIleYCLQH9wn9sdQjvAgUjBZjRYa+yZH/KiaYK+kTnqgLOWms5TJHA4ducnvddyh3DOmJFmpP+nffg7057hu0AHwIPv0w+lrt39flNYK8J/4CqVKzJQyVKWajMAwAjvRzth2qOm3vGyO/Zh6JI8UUZR44ZRvN4lIKt/N9aGUfLSr3g40u5hZMSEvwhHws5S0Ly9roJorbl4MGNjB9131miZbrwEWkcNz26MNS3zUuX2Fyf9r3MN5uZEf5RBDsv2EbVFpUVTtEUoP9PyzN5l94HxfUeARf3GpPRXm1EdNlh/JFZrE9BcnkwonntTTIYRcJlt97DnVjsIublMSk08l5YwtdI064d+jm5DQ7ZsEk4QQI7ds4vcAdvy42c+t9CxzNej1PsHsrqUln+1AaYgV7aNJmqf9nmllD94HRc6DY/1Afx60zr+QFP5GP82s/WUe2bn275MAAIEe7nHeZ9q4o7ybfBICTUzfICRbNgaraSxAIwK2tmeRWm23NHsXh+U0FwX+h/+EMv37po+mXYh/rHyP6odVlKjYoP9f+TqXJZ9moGMs4wRtgkYGO9X/q+CHPinJLdHcnIZ5JHNxvPmUW611ywSCIgv7eKbI/PtAp0Xqulu3viZ/eYtVtw2jUDl+msAOFgOxmu1FYKsd0EKR7A3mPMAIA1BbfaR37bgT0icm/N1bF2vf8C0R0IQ/CaviuL9vwS9fqJH5xlr+oatQXOFzLp1iRcNlUNxXk7SV/7oH7Jv3F+OdCvU12Wypp7/7RuIFnw/pB+RYDRR/pn6Q+l3us5S7RwAA==
Ipo Date
1990-03-26T00:00:00.000Z
Market Cap
797237824
Next Dividend Date
2025-12-15T00:00:00.000Z
Dividend Frequency
Quarterly
Dividend Rate
0.28
Dividend Yield
3.4557235421166315
Sentiment
0.999
Sentiment Sources
1
Rating
3
Target Price
34.5
Strong Buy
0
Buy
0
Hold
1
Sell
0
Strong Sell
0
Current Quarter
2025-09-30
Revenue
92189000
Cost Of Revenue
22778000
Gross Profit
69411000
Operating Expenses
45769000
Operating Income
23642000
Interest Expense
18658000
Pretax Income
23642000
Net Income
18574000
Eps
0.6849117056108333
Dividends Per Share
7282000
Shares Outstanding
26806922
Income Tax Expense
5068000
EBITDA
25646000
Operating Margin
25.645142045146386
Total Other Income Expense Net
10135000
Cash
102859000
Short Term Investments
758683000
Receivables
25232000
Inventories
-
Total Current Assets
886774000
Property Plant Equipment
126562000
Total Assets
7421478000
Payables
8604000
Short Term Debt
26288000
Long Term Debt
131527000
Total Liabilities
6833412000
Equity
588066000
Depreciation
2004000
Change In Working Capital
-5108000
Cash From Operations
22235000
Capital Expenditures
873000
Cash From Investing
-52381000
Cash From Financing
23069000
Net Change In Cash
-7077000
PE
12.2387
PB
1.4945959906541102
ROE
3.1584890131379812
ROA
0.2502735977927847
FCF
21362000
Fcf Percent
0.23171961947737799
Piotroski FScore
4
Health Score
54
Deep Value Investing Score
6.5
Defensive Investing Score
8
Dividend Investing Score
4
Economic Moat Investing Score
7.8
Garp Investing Score
3
Growth Investing Score
3
Momentum Investing Score
4
Net Net Investing Score
2.5
Quality Investing Score
6
Value Investing Score
6
Quarters > 0 > quarter
2025-09-30
Quarters > 0 > income Statement > revenue
92189000
Quarters > 0 > income Statement > cost Of Revenue
22778000
Quarters > 0 > income Statement > gross Profit
69411000
Quarters > 0 > income Statement > operating Expenses
45769000
Quarters > 0 > income Statement > operating Income
23642000
Quarters > 0 > income Statement > interest Expense
18658000
Quarters > 0 > income Statement > pretax Income
23642000
Quarters > 0 > income Statement > net Income
18574000
Quarters > 0 > income Statement > eps
0.6849117056108333
Quarters > 0 > income Statement > dividends Per Share
7282000
Quarters > 0 > income Statement > shares Outstanding
27118824
Quarters > 0 > income Statement > income Tax Expense
5068000
Quarters > 0 > income Statement > EBITDA
25646000
Quarters > 0 > income Statement > operating Margin
25.645142045146386
Quarters > 0 > income Statement > total Other Income Expense Net
10135000
Quarters > 0 > balance Sheet > cash
102859000
Quarters > 0 > balance Sheet > short Term Investments
758683000
Quarters > 0 > balance Sheet > receivables
25232000
Quarters > 0 > balance Sheet > inventories
-
Quarters > 0 > balance Sheet > total Current Assets
886774000
Quarters > 0 > balance Sheet > property Plant Equipment
126562000
Quarters > 0 > balance Sheet > total Assets
7421478000
Quarters > 0 > balance Sheet > payables
8604000
Quarters > 0 > balance Sheet > short Term Debt
26288000
Quarters > 0 > balance Sheet > long Term Debt
131527000
Quarters > 0 > balance Sheet > total Liabilities
6833412000
Quarters > 0 > balance Sheet > equity
588066000
Quarters > 0 > cash Flow > net Income
18574000
Quarters > 0 > cash Flow > depreciation
2004000
Quarters > 0 > cash Flow > change In Working Capital
-5108000
Quarters > 0 > cash Flow > cash From Operations
22235000
Quarters > 0 > cash Flow > capital Expenditures
873000
Quarters > 0 > cash Flow > cash From Investing
-52381000
Quarters > 0 > cash Flow > cash From Financing
23069000
Quarters > 0 > cash Flow > net Change In Cash
-7077000
Quarters > 0 > ratios > PE
0.6849117056108333
Quarters > 0 > ratios > PB
1.4945959906541102
Quarters > 0 > ratios > ROE
3.1584890131379812
Quarters > 0 > ratios > ROA
0.2502735977927847
Quarters > 0 > ratios > FCF
21362000
Quarters > 0 > ratios > Piotroski FScore
4
Quarters > 0 > ratios > fcf Percent
0.23171961947737799
Quarters > 0 > health Score
54
Quarters > 1 > quarter
2025-06-30
Quarters > 1 > income Statement > revenue
89944000
Quarters > 1 > income Statement > cost Of Revenue
23311000
Quarters > 1 > income Statement > gross Profit
66633000
Quarters > 1 > income Statement > operating Expenses
42757000
Quarters > 1 > income Statement > operating Income
23876000
Quarters > 1 > income Statement > interest Expense
18324000
Quarters > 1 > income Statement > pretax Income
23876000
Quarters > 1 > income Statement > net Income
18271000
Quarters > 1 > income Statement > eps
0.6732137387481909
Quarters > 1 > income Statement > dividends Per Share
7287000
Quarters > 1 > income Statement > shares Outstanding
27139969
Quarters > 1 > income Statement > income Tax Expense
5605000
Quarters > 1 > income Statement > EBITDA
25903000
Quarters > 1 > income Statement > operating Margin
26.545406030418928
Quarters > 1 > income Statement > total Other Income Expense Net
22318000
Quarters > 1 > balance Sheet > cash
316970000
Quarters > 1 > balance Sheet > short Term Investments
4287000
Quarters > 1 > balance Sheet > receivables
23518000
Quarters > 1 > balance Sheet > inventories
-
Quarters > 1 > balance Sheet > total Current Assets
344775000
Quarters > 1 > balance Sheet > property Plant Equipment
134350000
Quarters > 1 > balance Sheet > total Assets
7369567000
Quarters > 1 > balance Sheet > payables
8755000
Quarters > 1 > balance Sheet > short Term Debt
5948000
Quarters > 1 > balance Sheet > long Term Debt
131466000
Quarters > 1 > balance Sheet > total Liabilities
6800693000
Quarters > 1 > balance Sheet > equity
568874000
Quarters > 1 > cash Flow > net Income
18271000
Quarters > 1 > cash Flow > depreciation
2027000
Quarters > 1 > cash Flow > change In Working Capital
14963000
Quarters > 1 > cash Flow > cash From Operations
34273000
Quarters > 1 > cash Flow > capital Expenditures
1999000
Quarters > 1 > cash Flow > cash From Investing
66724000
Quarters > 1 > cash Flow > cash From Financing
-60923000
Quarters > 1 > cash Flow > net Change In Cash
40074000
Quarters > 1 > ratios > PE
0.6732137387481909
Quarters > 1 > ratios > PB
1.546223584291073
Quarters > 1 > ratios > ROE
3.2117832771404564
Quarters > 1 > ratios > ROA
0.24792501377625034
Quarters > 1 > ratios > FCF
32274000
Quarters > 1 > ratios > Piotroski FScore
4
Quarters > 1 > ratios > fcf Percent
0.3588232678110824
Quarters > 1 > health Score
54
Quarters > 2 > quarter
2025-03-31
Quarters > 2 > income Statement > revenue
87111000
Quarters > 2 > income Statement > cost Of Revenue
23643000
Quarters > 2 > income Statement > gross Profit
63468000
Quarters > 2 > income Statement > operating Expenses
40917000
Quarters > 2 > income Statement > operating Income
22551000
Quarters > 2 > income Statement > interest Expense
19507000
Quarters > 2 > income Statement > pretax Income
22551000
Quarters > 2 > income Statement > net Income
17760000
Quarters > 2 > income Statement > eps
0.6526292580751847
Quarters > 2 > income Statement > dividends Per Share
7327000
Quarters > 2 > income Statement > shares Outstanding
27213000
Quarters > 2 > income Statement > income Tax Expense
4791000
Quarters > 2 > income Statement > EBITDA
24484000
Quarters > 2 > income Statement > operating Margin
25.887660570995624
Quarters > 2 > income Statement > total Other Income Expense Net
11455000
Quarters > 2 > balance Sheet > cash
276896000
Quarters > 2 > balance Sheet > short Term Investments
562311000
Quarters > 2 > balance Sheet > receivables
24743000
Quarters > 2 > balance Sheet > inventories
-
Quarters > 2 > balance Sheet > total Current Assets
863950000
Quarters > 2 > balance Sheet > property Plant Equipment
133319000
Quarters > 2 > balance Sheet > total Assets
7405239000
Quarters > 2 > balance Sheet > payables
8757000
Quarters > 2 > balance Sheet > short Term Debt
6807000
Quarters > 2 > balance Sheet > long Term Debt
131405000
Quarters > 2 > balance Sheet > total Liabilities
6847863000
Quarters > 2 > balance Sheet > equity
557376000
Quarters > 2 > cash Flow > net Income
17760000
Quarters > 2 > cash Flow > depreciation
1933000
Quarters > 2 > cash Flow > change In Working Capital
-9915000
Quarters > 2 > cash Flow > cash From Operations
20440000
Quarters > 2 > cash Flow > capital Expenditures
889000
Quarters > 2 > cash Flow > cash From Investing
-42101000
Quarters > 2 > cash Flow > cash From Financing
-82384000
Quarters > 2 > cash Flow > net Change In Cash
-104045000
Quarters > 2 > ratios > PE
0.6526292580751847
Quarters > 2 > ratios > PB
1.5823668941612123
Quarters > 2 > ratios > ROE
3.186358939028591
Quarters > 2 > ratios > ROA
0.23983020669555702
Quarters > 2 > ratios > FCF
19551000
Quarters > 2 > ratios > Piotroski FScore
4
Quarters > 2 > ratios > fcf Percent
0.22443778627268657
Quarters > 2 > health Score
54
Quarters > 3 > quarter
2024-12-31
Quarters > 3 > income Statement > revenue
80037000
Quarters > 3 > income Statement > cost Of Revenue
22964000
Quarters > 3 > income Statement > gross Profit
57073000
Quarters > 3 > income Statement > operating Expenses
43670000
Quarters > 3 > income Statement > operating Income
13403000
Quarters > 3 > income Statement > interest Expense
22186000
Quarters > 3 > income Statement > pretax Income
13403000
Quarters > 3 > income Statement > net Income
11345000
Quarters > 3 > income Statement > eps
0.41717227431513143
Quarters > 3 > income Statement > dividends Per Share
7037000
Quarters > 3 > income Statement > shares Outstanding
27195000
Quarters > 3 > income Statement > income Tax Expense
2058000
Quarters > 3 > income Statement > EBITDA
16802000
Quarters > 3 > income Statement > operating Margin
16.746004972700128
Quarters > 3 > income Statement > total Other Income Expense Net
13403000
Quarters > 3 > balance Sheet > cash
380941000
Quarters > 3 > balance Sheet > short Term Investments
543855000
Quarters > 3 > balance Sheet > receivables
23378000
Quarters > 3 > balance Sheet > inventories
-
Quarters > 3 > balance Sheet > total Current Assets
948174000
Quarters > 3 > balance Sheet > property Plant Equipment
135166000
Quarters > 3 > balance Sheet > total Assets
7472096000
Quarters > 3 > balance Sheet > payables
10051000
Quarters > 3 > balance Sheet > short Term Debt
3838000
Quarters > 3 > balance Sheet > long Term Debt
156345000
Quarters > 3 > balance Sheet > total Liabilities
6933711000
Quarters > 3 > balance Sheet > equity
538385000
Quarters > 3 > cash Flow > net Income
11345000
Quarters > 3 > cash Flow > depreciation
3399000
Quarters > 3 > cash Flow > change In Working Capital
9798000
Quarters > 3 > cash Flow > cash From Operations
26307000
Quarters > 3 > cash Flow > capital Expenditures
1513000
Quarters > 3 > cash Flow > cash From Investing
-25896000
Quarters > 3 > cash Flow > cash From Financing
53961000
Quarters > 3 > cash Flow > net Change In Cash
54372000
Quarters > 3 > ratios > PE
0.41717227431513143
Quarters > 3 > ratios > PB
1.637099752036182
Quarters > 3 > ratios > ROE
2.107228098851194
Quarters > 3 > ratios > ROA
0.1518315610506075
Quarters > 3 > ratios > FCF
24794000
Quarters > 3 > ratios > Piotroski FScore
4
Quarters > 3 > ratios > fcf Percent
0.3097817259517473
Quarters > 3 > health Score
53
Valuation > metrics > PE
12.2387
Valuation > metrics > PB
1.4945959906541102
Valuation > final Score
100
Valuation > verdict
Fair
Profitability > metrics > ROE
3.1584890131379812
Profitability > metrics > ROA
2.0945584782593984
Profitability > metrics > Net Margin
0.20147739968976777
Profitability > final Score
43
Profitability > verdict
Weak
Risk > metrics > Debt Equity
11.620144677638224
Risk > metrics > Interest Coverage
1.2671240218672954
Risk > final Score
11
Risk > verdict
High
Liquidity > metrics > Current Ratio
25.414822882035995
Liquidity > metrics > Quick Ratio
25.414822882035995
Liquidity > final Score
100
Liquidity > verdict
Great
Prev Valuations > 0
100
Prev Valuations > 1
100
Prev Valuations > 2
100
Prev Profitabilities > 0
52
Prev Profitabilities > 1
43
Prev Profitabilities > 2
29
Prev Risks > 0
11
Prev Risks > 1
11
Prev Risks > 2
8
Prev Liquidities > 0
100
Prev Liquidities > 1
100
Prev Liquidities > 2
100
Updated At
2025-12-13T00:33:17.828Z
Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. The company offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit. It also provides various lending activities, such as commercial, commercial and residential mortgage, home equity, and consumer loans; and other products and services comprising debit cards, internet and mobile banking, cash management services, full-service ATMs, safe deposit boxes, international banking services, night depository facilities, foreign exchange, and wire transfers. In addition, the company offers wealth management products and services that include non-deposit investment products, annuities, insurance, investment management, asset custody and general consultation, and planning services. Central Pacific Financial Corp. was founded in 1954 and is headquartered in Honolulu, Hawaii.
Stock Price
$ 0.00
0% increase compared to yesterday.
Dividend
Frequency:
Rate:
0.28Next Payout:
Dec 15, 2025Yield:
3.4557 %Showing 2 of 10
(Last Updated 2025-09-30)
Rating:
HOLD
Target Price:
$34.5
Analyst Picks
Strong Buy
0
Buy
0
Hold
1
Sell
0
Strong Sell
0
Sentiment:
Bullish
(Last Updated 2025-09-30)
Health Score
Price to Earnings Ratio (P/E)
-
Very High
Low ≥ 50
High ≤ 10
Price to Book Ratio (P/B)
-
Low
Low ≤ 1
High ≥ 3
Return on Equity (ROE)
-
Very Low
Low ≤ 5%
High ≥ 25%
Return on Assets (ROA)
-
Very Low
Low ≤ 2%
High ≥ 10%
Free Cash Flow - Revenue % (FCF)
-
Very High
Low ≤ 5%
High ≥ 15%
Debt to Equity
-
Very Low
Low ≥ 1
High ≤ 0.3
* Institutions hold a combined 93.92% of the total shares of Central Pacific Financial Corp
1.
BlackRock Inc(14.6826%)
since
2025/06/30
2.
Vanguard Group Inc(7.8255%)
since
2025/06/30
3.
iShares Core S&P Small-Cap ETF(5.9674%)
since
2025/08/31
4.
Dimensional Fund Advisors, Inc.(4.8409%)
since
2025/06/30
5.
State Street Corp(4.4972%)
since
2025/06/30
6.
HoldCo Asset Management, L.P.(4.0681%)
since
2025/06/30
7.
Charles Schwab Investment Management Inc(3.7779%)
since
2025/06/30
8.
Basswood Capital Management LLC(3.2828%)
since
2025/06/30
9.
Vanguard Total Stock Mkt Idx Inv(2.9927%)
since
2025/07/31
10.
Schwab US Dividend Equity ETFâ„¢(2.8201%)
since
2025/08/30
11.
American Century Companies Inc(2.7632%)
since
2025/06/30
12.
LSV Asset Management(2.6875%)
since
2025/06/30
13.
Geode Capital Management, LLC(2.5701%)
since
2025/06/30
14.
Avantis US Small Cap Value ETF(2.3763%)
since
2025/08/30
15.
Renaissance Technologies Corp(2.195%)
since
2025/06/30
16.
iShares Russell 2000 ETF(2.0991%)
since
2025/08/31
17.
Ameriprise Financial Inc(1.8613%)
since
2025/06/30
18.
Allianz Asset Management AG(1.6119%)
since
2025/06/30
19.
Morgan Stanley - Brokerage Accounts(1.5731%)
since
2025/06/30
20.
Nuveen, LLC(1.5214%)
since
2025/06/30
21.
Manufacturers Life Insurance Co(1.3625%)
since
2025/06/30
22.
Hotchkis & Wiley Capital Management LLC(1.3213%)
since
2025/06/30
23.
Arrowstreet Capital Limited Partnership(1.2729%)
since
2025/06/30
24.
Cramer Rosenthal McGlynn LLC(1.236%)
since
2025/06/30
25.
Northern Trust Corp(1.1975%)
since
2025/06/30
26.
Kennedy Extended Small Cap(1.1272%)
since
2024/12/31
27.
Vanguard Institutional Extnd Mkt Idx Tr(1.0867%)
since
2025/07/31
28.
Fidelity Small Cap Index(0.9933%)
since
2025/06/30
29.
SPDR® Portfolio S&P 600™ Sm Cap ETF(0.8737%)
since
2025/08/29
30.
iShares Russell 2000 Value ETF(0.8703%)
since
2025/08/31
31.
SPDR® S&P Regional Banking ETF(0.7138%)
since
2025/08/31
32.
DFA US Targeted Value I(0.7093%)
since
2025/07/31
33.
Fidelity Enhanced Small Cap ETF(0.6869%)
since
2025/08/29
34.
Columbia Small Cap Value Discv A(0.6773%)
since
2025/07/31
35.
JHancock Regional Bank A(0.668%)
since
2025/07/31
36.
Columbia Small Cap Value Discovery Fund(0.6584%)
since
2025/06/30
37.
DFA US Small Cap Value I(0.6462%)
since
2025/07/31
38.
Vanguard Tax-Managed Small Cap Adm(0.6359%)
since
2025/07/31
39.
Dimensional US Targeted Value ETF(0.6035%)
since
2025/08/29
40.
Nuveen Quant Small Cap Equity R6(0.5618%)
since
2025/07/31
* Investors data is estimated based on stocks listed on Finnton that are currently held by Institution/Fund.
No earnings data available.
(Last Updated 2025-09-30)
(Last Updated 2025-09-30)
Revenue
$ 0
Cost Of Revenue
$ 0
Gross Profit
$ 0
Operating Expenses
$ 0
Operating Income
$ 0
Interest Expense
$ 0
Pretax Income
$ 0
Net Income
$ 0
Income Tax Expense
$ 0
EBITDA
$ 0
Total Other Income Expense Net
$ 0
Earnings Per Share
0
Dividends Per Share
0
Shares Outstanding
0
Operating Margin
0%
(Last Updated 2025-09-30)
Cash
$ 0
Short Term Investments
$ 0
Receivables
$ 0
Inventories
$ 0
Total Current Assets
$ 0
Property Plant Equipment
$ 0
Total Assets
$ 0
Payables
$ 0
Short Term Debt
$ 0
Long Term Debt
$ 0
Total Liabilities
$ 0
Equity
$ 0
(Last Updated 2025-09-30)
Net Income
$ 0
Depreciation
$ 0
Change In Working Capital
$ 0
Cash From Operations
$ 0
Capital Expenditures
$ 0
Cash From Investing
$ 0
Cash From Financing
$ 0
Net Change In Cash
$ 0
Disclaimer: Finnton is a stock screener tool provided for informational and educational purposes only. The data, analysis, and insights offered on this website do not constitute financial, investment, tax, or legal advice. Users are solely responsible for their own investment decisions, and Finnton makes no guarantees regarding the accuracy, completeness, or reliability of the information provided. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.