Musings on Markets

APRIL 7, 2025

Breaking down just US equities, by sector, we can see the damage across sectors: The technology sector lost the most in value last week, both in dollar terms, shedding almost $1.8 In percentage terms, energy stocks have lost the most in value, with market capitalizations dropping by 14.2%, dragged down by declining oil prices.

Marketability

Viking Mergers

MAY 3, 2022

Generally speaking, mergers and acquisitions (M&As) are most common in the technology, healthcare, financial services, and retail sectors. Technology. Even with 2021’s widespread increase in activity across industries, the technology sector continued to dominate, setting records for volume and value. Healthcare.

Banking

Global Finance

MAY 8, 2024

In the Asia-Pacific (APAC) region last year—as in 2022—net interest margin (NIM) dynamics were optimal for banks in Southeast Asia, Australasia, Hong Kong and India. Lending rates followed central bank tightening moves, while deposit rates lagged; and across the region, there were some record profits.

Banking

Musings on Markets

SEPTEMBER 1, 2021

As China's economy has grown, its financial markets have also found their footing, albeit at a slower pace. It is beyond debate that China's economy and markets have had a renaissance, cementing the country’s place as a leading economic power.

Market Capitalization

Global Finance

OCTOBER 11, 2024

As a result, QNB remains the largest bank in Middle East and Africa [MEA] and one of the world’s top 50 banks in terms of market capitalization, reaching $41.9 It is QNB’s vision and strategy to be one of the leading banks in MEA. billion, and have maintained our status as MEA’s most valuable banking brand.

Banking

Musings on Markets

JULY 17, 2023

In my second data update post from the start of this year , I looked at US equities in 2022, with the S&P 500 down almost 20% during the year and the NASDAQ, overweighted in technology, feeling even more pain, down about a third, during the year. trillion below their values from the start of 2022. that was lost last year.

Marketability

Mckinsey and Company

JULY 9, 2025

Typical priorities include sharpening the value proposition to both captive and third-party clients; taking stock of distribution footprint, product range, and growth initiatives; finding the right approach to participate in alternative investments; and using technology to improve efficiency, resilience, and scalability.

Alpha

Benzinga

AUGUST 26, 2022

Many leading publicly traded technology companies, representing over $1 trillion in aggregate market capitalization, count WTI as an early lender and partner. The Company entered into an Increase Joinder and First Amendment to its Credit Agreement with JPMorgan Chase Bank, N.A., P10 Co-CEOs Robert Alpert and C.

Technology

Musings on Markets

OCTOBER 4, 2021

In the decade since, that has changed, as the smart phone market has exploded to reach hundreds of millions of Indians in 2020. The first is that the costs of smartphones have decreased , and especially so in India, as technology and competition have worked their magic.

Start-ups

Valutico

MARCH 20, 2023

HSBC Holdings plc Weekly Valuation – Valutico | 20 March 2023 Link to the valuation Context The past weeks, the financial market was rattled by the collapse of Silicon Valley Bank, the go-to bank for tech startups, serving half of America’s venture capital-backed tech firms. USD 1.68) billion.

Dividends

Benzinga

JUNE 2, 2023

ABM is focused on supplying domestically-sourced critical minerals, with a particular focus on lithium, to global markets. Differentiated DLE Technology: ABM intends to deploy DLE to provide a more cost-effective, efficient, faster-to-production, and environmentally friendly method of extraction versus traditional hard-rock mining processes.

Enterprise Value

Audit Board

APRIL 26, 2023

On the heels of several history-making bank collapses in the first quarter of 2023, financial institutions must fortify their internal controls programs to respond to greater scrutiny from federal regulators. Areas where banks are expected to face stricter rules and supervision include: Stress test models and contingency planning.

Compliance

Reynolds Holding

MAY 31, 2023

Investors’ $1 billion tentative settlement – a Top 20 settlement of all time if approved – comes in the wake of years of scandal and resolves allegations that the bank concealed its inability to clean up its act. Current CEO Charles Scharf also admitted to the bank suffering from a “ broken ” culture and “flawed business” model.

Banking

Valutico

DECEMBER 6, 2022

Salesforce is a US-based software company, specializing in customer relationship management technologies. The market leader for CRM software is currently trading at around $133 per share, down more than 50% from its all-time-high of $300 per share, achieved in November 2021. . Weekly Valuation – Valutico | 6 December 2022.

Discounted Cash Flow

Valutico

DECEMBER 6, 2022

Salesforce is a US-based software company, specializing in customer relationship management technologies. The market leader for CRM software is currently trading at around $133 per share, down more than 50% from its all-time-high of $300 per share, achieved in November 2021. . Weekly Valuation – Valutico | 6 December 2022.

Discounted Cash Flow

Equidam

NOVEMBER 22, 2021

One reason is the increased importance of technology to the economy in general, and the “post-pandemic” economy in particular. For decades, the technology sector’s part of global GDP has been gradually increasing, as has its share of world market capitalization.

EBITDA

Valutico

JANUARY 3, 2024

goes back to the launch of the BankAmericard, a consumer credit program by Bank of America in 1958. The program was led by Mr. Dee Hock’s vision to bring together various banks as members of a “non-stock, for profit membership corporation” and operate credit cards under the ‘Visa’ franchise.

Discounted Cash Flow

Musings on Markets

NOVEMBER 1, 2023

It was after one of these downturns in 2019, when the stock hit $180 (with a market cap of $32 billion), that I bought Tesla for the first time , albeit labeling it as my corporate teenager, an investment that would frustrate me because it would get in the way of its own potential.

Start-ups

Valutico

FEBRUARY 8, 2023

Weekly Valuation – Valutico | 8 February 2023 Link to valuation About Visa Visa is an American payment technology company headquartered in California, offering electronic transactions between merchants, financial institutions, and cardholders, facilitating billions of transactions each year.

Discounted Cash Flow

Reynolds Holding

MARCH 28, 2023

Our research was based on a close examination of the 30 largest corporations by market capitalization listed on the Australian Stock Exchange (ASX). Companies under the greatest stakeholder pressure relied heavily on carbon offsets and negative emissions technologies that have not yet been commercially proven (e.g.,

Technology

Benzinga

JUNE 6, 2023

Recruiter and GoLogiq plan to review the market capitalization of Recruiter six months following the closing of the business combination. If the market capitalization of the combined company is at least $130 million at that time, additional shares may be issued to GoLogiq.

Market Capitalization

Reynolds Holding

APRIL 4, 2022

There’s no reason to treat the crypto market differently just because different technology is used. We should be technology-neutral. Stablecoins, though, in offering features similar to and potentially competing with bank deposits and money market funds, raise three important sets of policy issues. Conclusion.

Marketability

Reynolds Holding

JANUARY 23, 2024

Wells Fargo Investors’ $1 billion settlement against Wells Fargo comes in the wake of years of scandal and resolves allegations that the bank concealed its inability to clean up its act. in August 2019, wiping out about $36 billion in market capitalization. securities class action settlements follows: 1.) billion in 2015.

Banking

Appraisal Rights

JUNE 5, 2017

Further to our prior post about Delaware’s two new appraisal decisions, SWS Group was a small, struggling bank holding company that merged on January 1, 2015 into one of its own substantial creditors, Hilltop Holdings. Stockholders of SWS received a mix of cash and Hilltop stock worth $6.92 at closing. below the merger price.

Beta

Musings on Markets

JANUARY 9, 2021

Thus, an analyst who follows young technology companies may decide that paying ten times revenues for a company is a bargain, if all of the companies that he tracks trade at multiples greater than ten times revenues. increase over the year, as new listings outnumbered companies that defaulted during the course of the year.

Risk Premium

Reynolds Holding

NOVEMBER 15, 2022

In the SEC’s action charging Barclays PLC and Barclays Bank PLC with an illegal over-issuance of securities, the SEC imposed a $200 million penalty. Paul, Eagle Bancorp’s former CEO , whom the SEC charged with negligently making false and misleading statements about related party loans extended by the bank to Paul’s family trusts.

Compliance

Reynolds Holding

OCTOBER 21, 2024

What GameStop put on display was how much has changed—in technology and business models—since 2005 when we last comprehensively updated our equity market rules. The markets have moved to overwhelmingly trade electronically, with transaction volume in listed equities tripling in the last 17 years. [3] 61358 (Jan.

Equity

Musings on Markets

MARCH 19, 2022

In addition to being traded on the MICEX, the Russian exchange, these companies all have listings in foreign markets (Yandex has a US listing and the other three are listed on the London Exchange). A few weeks ago, I posted my valuation of the FANGAM stocks and noted that only one of them was under valued, at the prices prevailing then.

Start-ups

Musings on Markets

FEBRUARY 27, 2023

Note that this framework applies for all businesses, from the smallest, privately owned businesses, where debt takes the form of bank loans and even credit card borrowing and equity is owner savings, the largest publicly traded companies, where debt can be in the form of corporate bonds and equity is shares held by public market investors.

Equity

Reynolds Holding

JULY 10, 2024

And that’s really the point of Howey : whether something is a security depends on the substance of the transaction – not its name, not its form, and not its underlying technology. 27] To put it bluntly, there is not a lawyer or market participant in this area that does not know the applicable regulatory framework and tests.

Marketability

Musings on Markets

JANUARY 19, 2022

I do believe that too much is often made of these differences, as it is generally more the rule than the exception that markets, when they are up strongly, get the bulk of that rise from a small sub-set of stocks or sectors.

Risk Premium

Musings on Markets

MARCH 25, 2021

The second and more powerful factor is that the reason that a central bank is able to signal to markets, only if it has credibility, since the signal is more about what the Fed sees, using data that only it might have, about inflation and real growth in the future.

Equity

Musings on Markets

DECEMBER 10, 2023

In businesses like banking, consulting or the law, rainmakers can represent a significant portion of value, and their departure can be not just damaging but catastrophic. The value added by a superstar trader will be greater if he or she works at a ten-person trading group than if they work at a large investment bank.

Key Person Discount

Harvard Corporate Governance

JUNE 13, 2022

The proliferation of digital assets has accelerated rapidly, generating a level of market interest sufficient to influence strategy at many major financial institutions and other corporations. Digital assets are disrupting the entire financial market, driving changes in the financial ecosystem. trillion. [2] trillion. [2]

Technology

Cooley M&A

FEBRUARY 1, 2024

Continuing the trend we noted for 2022 , sponsors increasingly used private credit sources in lieu of the syndicated debt markets to finance buyouts in 2023. in 2023 , showing that competitive pressures in the financing markets could not provide relief from the rising interest rate environment. in 2022 to 5.9x

Equity

Musings on Markets

FEBRUARY 4, 2023

Given the historical roots of the biggest Indian family groups, the Adani Group has been a recent entrant, not making the top ten list (in terms of either operating metrics like revenues or market-based numbers like market capitalization or enterprise value) as recently as ten years ago, and barely making the top ten list five or six years ago.

Start-ups

Reynolds Holding

JUNE 8, 2025

The market also features alternative stablecoin types, including algorithmic ones like Ethena (USDe) and Tron (USDD), and the crypto-collateralized Dai (DAI), although these represent smaller market capitalizations. 2] World Bank, Remittance Prices Worldwide Quarterly (2025), [link]. [3] 394, 119th Cong. 3] Chainalysis.

Treasury