The current bull market that has seen the end of Japan's lost three decades should be named the "end of deflation" market, according to JPMorgan's top Japan strategist. Inflation Insights Inflation data out of Japan once again showed its strength, with core CPI sliding to 2% from 2.3% but exceeding estimates of 1.8%. Yield Movement The yield on the 2-year Japanese government … [Read more...] about Japan’s Bull Market Journey
Lowe’s Fourth-Quarter Results
Lowe’s Cos. Inc. fell slightly short of its full-year outlook in its latest financial report, but its stock showed a slight increase in premarket trading. The company recorded net earnings of $1.0 billion for the fiscal fourth-quarter, translating to $1.77 per share, up from $957 million, or $1.58 per share, in the same period a year ago. Adjusted earnings per share came in at … [Read more...] about Lowe’s Fourth-Quarter Results
Revolutionizing IPO Pricing
The world of initial public offerings (IPOs) is about to face a shake-up, thanks to securities-trading firm Virtu Financial and its partnership with start-up ClearingBid. Together, they aim to challenge the long-standing practices that have governed IPO pricing for over a century. An Uphill Battle In the current landscape, investment-banking firms typically reserve shares of a … [Read more...] about Revolutionizing IPO Pricing
Lagardere’s Financial Report
Lagardere, the French media company, revealed a decrease in net profit for 2023 as costs escalated, despite experiencing a boost in revenue primarily driven by its successful travel retail business. Key Highlights: Net Profit Decline: Lagardere reported a net profit of 144 million euros for 2023, dropping from EUR161 million in the previous year. Revenue Increase: Total … [Read more...] about Lagardere’s Financial Report
Emigrant Bank Names Liz Nesvold as Vice Chair
Emigrant has appointed Liz Nesvold as vice chair of Emigrant Bank and chair of Emigrant Partners, the unit that makes minority investments in registered investment advisory firms. This move comes after Nesvold's successful collaboration with Emigrant on various transactions since 2017. Trusting in Nesvold's Expertise CEO Howard Millstein expressed his excitement about … [Read more...] about Emigrant Bank Names Liz Nesvold as Vice Chair
