Top mergers and acquisitions investment banks

Bank of America ( BAC ) is one of the world's largest investment banks and financial institutions. It serves a broad range of customers, including individual consumers, wealthy investors, large corporations, and governments. The company offers a wide range of banking, investing, asset management, and other financial and risk management products and services. The bank operates primarily in the U.S., where it gets the vast majority of its revenue, as well as in dozens of countries around the globe. The company faces a broad array of competitors, including JPMorgan Chase ( JPM ), Citigroup ( C ), Goldman Sachs Group ( GS ), credit card issuers like Visa ( V ), hedge funds, and private equity firms. The Charlotte, North Carolina-headquartered company expanded from a regional player into a global giant through a series of major acquisitions in the past several decades. Key Takeaways Bank of America is one of the world's largest investment banks and financial … [Read more...] about How Bank of America Makes Money: Consumer Banking

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × LKP Research's research report on Canara Bank Canara Bank has been reporting consistent growth in net profit since previous ten quarters. In 3QFY23, the profitability increased by 92% YoY and 14% sequentially on the back of lower provisioning expenses. A bulky provision (₹54bn) made in 4QFY20 (two years ago), continued to safeguard the balance sheet from delinquencies out of restructuring with PCR (calculated) of 68.2% and PCR (including TWO) of 86.3%. On asset quality front, the GNPA/ NNPA ratio (5.90%/1.96%) improved by 47bps and 23bps respectively on the back of lower NPA addition of ₹32bn. The slippages ratio (reported) marginally down at 34bps v/s 35bps in the previous quarter. The cumulative SMA1/2 book also eased to 49bps v/s 51bps in 2QFY23. On the business front, the bank has reported … [Read more...] about Buy Canara Bank; target of Rs 349: LKP Research

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Anand Rathi's research report on DCB Bank Higher opex counterbalanced DCB Bank’s strong NII growth, keeping the C/I ratio above 60%; benign credit cost, however, aided profitability, with the RoA coming near ~1%. Higher slippages kept asset quality under pressure. Key positives for the quarter were 1) collection efficiency improving across key segments, 2) strong recoveries/upgrades, 3) decline in stress across core segments (excl. Corp.) and 4) strong traction in disbursements across key segments. With credit growth expected to pick up and normalising credit costs, earnings would improve. Outlook We retain our Buy rating, with a TP of Rs146, valuing the stock at 0.8x P/ABV on the FY25e book. For all recommendations report, click here Read More Disclaimer: The … [Read more...] about Buy DCB Bank; target of Rs 146: Anand Rathi

Share to Twitter Share to Linkedin Ravi Metta, Chief Technology Officer at Finastra . For banks and financial institutions, making the transition to the cloud is a critical milestone on the path of digital transformation. Cloud-based technology supports a more secure, resilient, scalable and agile business model. Migrating from on-prem or third-party hosted solutions to the cloud also enables banks to bring new services to market faster and create a more frictionless customer experience. The cloud is increasingly becoming the industry standard for technology. IBM’s 2021 CloudPath Survey predicts that by 2024, banks will be spending nearly one-quarter of their IT budgets on public cloud services. The shift is underway, but market conditions, including pressures related to inflation and rising interest rates, may impact banks’ ability to invest in technology. In addition, misconceptions around cost and complexity persist, despite the existence of … [Read more...] about Four Key Considerations For Banks Moving To The Cloud

Israeli Prime Minister Benjamin Netanyahu (File image: Reuters) Prime Minister Benjamin Netanyahu will attend a ceremony here on Tuesday to celebrate the successful entry of the Adani Group in Israel through its acquisition of the Haifa port, which is being seen as a "strategic purchase" and probably the biggest foreign investment in this country in any sector. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the Port of Haifa in Israel for a staggering USD 1.18 billion. It completed the process of purchase on January 11 this year, following which upgradation work has been going on in full swing at the port. The Indian partner in the consortium holds 70 per cent of the stake while its local partner has 30 per cent. Gautam Adani, the Founder and Chairman of the Adani Group, will also attend the ceremony at Haifa Port Temporary Cruise Terminal in this northern coastal city of Israel on … [Read more...] about PM Benjamin Netanyahu to attend ceremony marking Adani Group’s entry into Israel through Haifa port acquisition

Adani Group The Adani Group's entry into Israel through its strategic acquisition of the Haifa port will turn this northern coastal Israeli city into a strong and exciting Mediterranean hub, the city's mayor said on Tuesday. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the Port of Haifa for a staggering USD 1.18 billion. It completed the process of purchase on January 11 this year, following which upgradation work has been going on in full swing at the port. The Indian partner in the consortium holds 70 per cent of the stake while its Israeli partner Gadot has 30 per cent. Haifa Mayor Dr Einat Kalish-Rotem said the development would help realise the long-term goals of the city, turning it into a strong, exciting and a real sea-city in the Mediterranean. The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise … [Read more...] about Adani Group’s port acquisition will turn Israel’s Haifa city into strong Mediterranean hub: Mayor

How fast can a startup scale up? Ask Nikhil Aggarwal, the founder & CEO of Grip Invest, a leading multi-asset alternative investment platform that has become the perfect platform for investors looking for non-market linked investment options and startups looking for growth capital. In just 2 years since inception, Grip has ₹2.5 lakh registered users, and has garnered ₹500+ crore worth of investments till date in a variety of instruments, including asset leasing and corporate bonds, deployed across 125+ companies seeking alternate capital resources. Acting as a flywheel within the startup ecosystem, Grip adds momentum to broad-based wealth creation, by serving up new growth opportunities to investors and startups alike. At first glance, it might seem like a precarious web of interlocking liabilities. But a closer look at how Grip has marshalled its resources, and drawn strength from key partnerships, reveals a canny business strategy built on solid foundations. As Nikhil … [Read more...] about Grip Investments Shows the Power of an Idea Lies in its Execution

As a startup founder, knowing how to navigate different sources of finance for your startup is a pivotal skill. Not all sources of finances augment your business in the same way, neither do they have similar costs nor do they offer the same level of freedom. Strategically applying each source of capital at the right stage to the right set of expenditures is key here. Let's begin with the sources. Bootstrapping This is when you tap into your own savings, or that of your friends and family circle, to get your business started. This is the stage where you need maximum freedom to try new things, and work out whether or not your business idea has the potential to become a real business. What this means is that this is also the stage when you're going to make a lot of mistakes. Your 'investors' can't (and shouldn't!) question your every move. That level of trust, however, usually comes from your own bank account, and from the friends and family who implicitly trust you, and your … [Read more...] about Startup Finance 101: When should you approach banks?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Compensating for two lost years of capacity expansion in the transportation sector, Finance Minister Nirmala Sitharaman announced a massive increase in the government’s allocation for the roads and railways in her Budget 2022 speech in Parliament on February 1, Tuesday. The Budget outlay for the Ministry of Road Transport and Highways has risen 68.5% to Rs 1.99 trillion (from Rs 1.18 trillion in FY22). The government-run National Highways Authority of India’s budgetary outlay in the coming fiscal is set to rise by 133% to Rs 1.34 trillion from Rs 573.50 billion in FY22. Allocations to the government’s flagship scheme for rural roads - the Gram Sadak Yojana - have risen to Rs 19,000 crore in FY23, from Rs 15,000 crore in FY22 budget estimate. The Ministry of Railways’ budget allocation … [Read more...] about Budget 2022 opens coffers wide for road, rail investments

The government also said that 62 percent of India’s total installed capacity will be from non-fossil fuel by 2029-30. (Representative image) Investment in India's renewable energy sector has been close to or higher than $10 billion every year since 2016, according to the Economic Survey 2022-23 that was tabled in the Parliament on January 31. “India is progressively becoming a favoured destination for investment in renewables,” The survey document said. It cited the Renewables 2022 Global Status Report to further state that during the period 2014-2021, total investment in renewables stood at $78.1 billion in India. The government also said that 62 percent of India’s total installed capacity will be from non-fossil fuel by 2029-30. This is in line with India’s target of having 500 gigawatt (GW) of non-fossil based power capacity out of a target of at least 800 GW by 2030. ALSO READ: Economic Survey 2023 LIVE Updates “The Central Electricity Authority (CEA) has … [Read more...] about Economic Survey 2023: India becoming favoured investment destination for renewables