Hints and tips:
...In February, Robertshaw filed for bankruptcy in a Texas federal court with the support of Bain, Canyon and Eaton Vance....
...Chase as well as the benchmark S&P 500 index....
...“The picture underneath tech has been very mixed,” said Aaron Dunn, co-head of value equity at Eaton Vance Equity....
...S&P Global’s US composite purchasing managers’ index was the trigger for the sell-off....
...Morgan Stanley’s stock closed 5.1 per cent lower on Friday, more than double the 2.4 per cent drop for the S&P 500....
...But Parametric, owned by Morgan Stanley following the bank’s acquisition of Eaton Vance, is betting that the stability that has set in across a range of asset classes recently can prevail....
...Some Trump-endorsed candidates have chalked up notable victories, such as JD Vance in Ohio and Doug Mastriano in Pennsylvania. But others have fallen short, such as Madison Cawthorn in North Carolina....
...US stocks retreated, led by a sell-off in tech, with the Nasdaq Composite ending the day down 3.2 per cent and the S&P 500 shedding 1.6 per cent....
...The S&P 500 closed up 3 per cent, its largest one-day gain since May 2020, following Powell’s comments....
...“Any waterfall of payments in a situation of insolvency or restructuring would require addressing the priority of different claims,” said Abigail Klimovich, an analyst at S&P Global Ratings....
...In 2019 it generated a 58 per cent net return, about double the S&P 500....
...Parametric, a division of investment group Eaton Vance and the global leader in direct indexing, was acquired by Morgan Stanley last year in a deal that kickstarted a flurry of activity....
...Morgan Stanley last year acquired Eaton Vance for $7bn, a deal that included the Parametric unit which oversees customised client portfolios worth more than $300bn....
...As part of investment group Eaton Vance, Parametric was acquired by investment bank Morgan Stanley last year in a deal that kickstarted a flurry of activity....
...In spite of a strong rally in share prices, the sector trades at a still low 13.2 times the earnings-per-share estimate for the next 12 months, and below the broad S&P 500’s 22.2 times, according to KBW....
...The S&P 500 snapped a five-day winning streak to close lower by 0.2 per cent, while the Nasdaq Composite eked out a small gain. It rose by 0.1 per cent....
...The bank’s stock has more than doubled from its pandemic low a year ago and is up 18 per cent this year, outpacing the 11 per cent rise in the S&P 500....
...He expected “normal” deal multiples for a traditional manager without Eaton Vance’s attributes may be closer to 8 to 9 times a target’s ebitda....
...Moody’s and S&P Global Ratings gave Grab ratings of B3 and B minus, respectively, with stable outlooks....
...“It is a strange time because the economy is weak but the future looks really good,” said Eric Stein, chief investment officer of fixed income at Eaton Vance....
...This would be a hefty premium to the market given that the S&P 500 Financials sector is currently trading at only 17.1 times net earnings....
...So, if a retail investor wanted to obtain broad exposure to the US market, they could choose a direct index product that gives them ownership of each of the individual stocks in the S&P 500 or a fraction...
...And as we covered in DD last week, Morgan Stanley boss James Gorman recently struck his latest deal by agreeing to buy asset manager Eaton Vance for $7bn just days after closing a $13bn takeover of ETrade...
...remains sceptical about the $400m of synergies promised from the deal over the next three years and says Morgan Stanley has grown its assets under management by less than its rivals and less than the S&P...
...Eric Stein, chief investment officer for fixed income at Eaton Vance, said investors were “looking through” the period of uncertainty....
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