Hints and tips:
...500 (60 per cent) and S&P financials companies (34 per cent)....
...As rates have gone up, loan repayments have increased and companies have had to spend more money servicing their debt....
...Its role servicing the tech sector is valuable. Despite the downturn, tech remains more highly valued on a forward p/e basis than any other sector in the S&P 500....
...The ad hoc group includes funds and accounts managed by King Street Capital Management, L.P., funds and accounts managed by BlackRock, funds and accounts managed by Brigade Capital Management, and other...
...The FT tends to use the S&P 500. Why does the FT follow the S&P 500 while maybe the morning news show follows the Dow Jones Industrial Average?...
...he posted on LinkedIn alongside pictures of the ecosystem the forest supports — towering, gnarly trunks covered in moss, home to great apes and red-nosed mandrills....
...“A group of hikers in the wilderness came upon a bridge that would greatly shorten their return to home base....
...Welch says they may even make the home loan at a loss. “You only get one shot to win over a $200mn client,” he says....
...Keeping up with interest rate rises, paying mortgages and paying off loans are all concerns facing the population....
...Even once earnings do return, a greater portion of Carnival’s cash will need to go toward servicing its mammoth debt pile....
...By early October, a handful of mortgage banking IPOs were in the works, from the highly efficient AmeriHome Mortgage to others, such as Caliber Home Loans....
...How severe are banks’ loan losses?...
...As companies scramble to work efficiently from home, the software is picking up speed....
...Instead, it requested a six-month forbearance on its loan due to “Covid-19 concerns”, according to servicing notes in a document from Wells Fargo, the deals’ trustee....
...“There’s so much demand there that originators can keep the rate higher and capture the economic benefits,” said Stephen Lynch, analyst at S&P Global....
...Then in the first quarter of 2020, the French lender added half a trillion euros of additional loans to its balance sheet....
...And every crisis is an opportunity: Working from home has a positive impact on telecom operators....
...(FT) News round-up Sycamore and L Brands call off Victoria’s Secret deal (FT) McGraw-Hill, Cengage jointly agree to terminate planned merger (BBG) Banks to book more than $50bn against bad loans (FT)...
...The S&P 500 is now down roughly 16 per cent from February highs, but it has recovered more than half its initial losses....
...This is however negligible in the wider context of the P&L and the land bank, with the impact on future gross margin of 17bps small and which will likely be mitigated....
...The famed stockpicker (we’re of course talking about Buffett here) had his worst performance in a decade versus the S&P 500 in 2019 and this year is shaping up to be just as bad....
...home schooling inconvenient....
...“Month by month, my P&L looks worse in the six months after lockdown than it does for three months of it,” said the chief executive of one small fashion retailer....
...The shares of Town Sports have more than halved this year, and the gym operator is also facing pressure given it has a $178m loan due in November....
...through the P&L....
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