Hints and tips:
...Indices accounts for the “bulk” of the unit’s revenues, but it is unlikely that it generates more revenues than MSCI and S&PDJI’s larger indexing franchises. But how profitable are they?...
...Typo watch A hawk-eyed reader caught a typo in our Friday interview with JPMorgan Asset Management’s Bob Michele....
...So this isn’t quite an apples-to-apples comparison, at least when it comes to the value of the franchise. But it’s pretty remarkable how fast Fidelity’s S&P 500 index fund has grown recently....
...Umer Raffat, analyst at Evercore ISI, said the performance of Pfizer’s non-Covid franchise and the launch of new products would be critical to it meeting its 2023 guidance....
...The bigger are getting bigger, whether in banking, asset management, hedge fund and high-frequency trading....
...Here is the company statement that went out on Friday: NEW YORK, November 18, 2022 — Sculptor Capital Management, Inc....
...Nonetheless, Netflix management has announced sweeping changes to revive subscriber growth....
...The stock has climbed 21 per cent this year, outpacing the S&P 500’s 16.7 per cent gain....
...I think this too (at least the “E” and “S” parts; there may be hope for “G”), but it means a lot more coming from him, and he does not hold back....
...Its dominance is largely thanks to BlackRock supercharging BGI’s existing franchise of index funds — passive investment vehicles that simply track a market benchmark such as the FTSE 100 or S&P 500....
...That’s a big jump from 2020’s revenues ($139m as stated above). The ability for a company to tell its own story makes a big difference....
...In Europe last year, the average leveraged buyout used equity for more than half of the deal’s enterprise value, according to data from S&P Global....
...Ares Management and Monomoy Capital have already faced SEC actions this year....
...For Goldman, that means new ventures into cash management, credit cards and retail savings accounts....
...Big bank stocks have broadly tracked the S&P 500. The ascendancy of JPMorgan depends on a factor far more fundamental than one quarter’s trading....
...RBC doesn’t like JD Sports: JD Sports has a strong track record and management team....
...(FT) US dividends outstrip Treasuries The decline of US Treasury bond yields means that investors can now get more income from dividends on S&P 500 shares than on even the longest-dated government debt,...
...That decline is far less than the wider S&P 500 pharmaceuticals index, which is down 28 per cent. Mr Younger says reputation is divided into capability and character....
...A key element of this is careful management of expectations....
...Its overall 2018 performance is in the bottom quartile of the S&P 500 index, despite earnings ahead of expectations....
...“Valuation-wise it is interesting now,” said Marco Pirondini, head of US equities at Amundi Pioneer Asset Management....
...Mizuho has hired three senior bankers to bolster its investment banking franchise in North America....
...CVC, the private equity firm that sold Formula One to Liberty, “had a short term view” in terms of the sport’s commercial prospects and F1’s previous management had a similar outlook, he says....
...the largest provider of exchange traded funds by market share, according to ETFGI data, have hugely outperformed the wider market, rising 35 per cent in the year to date compared with 18 per cent for the S&...
...“We think shares could continue to grind higher as the narrative changes from 2017’s ‘Facebook is going to crush Snap’ to 2018’s ‘users and revenue accelerate and the platform is under-monetised’....
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