BofI's net interest margins could fall 40% as the company's opportunity to buy distressed residential mortgage backed securities (RMBS) fades, according to hedge fund Kerrisdale Capital. Meanwhile, BofI's low-cost deposit taking structure may turn from a competitive advantage into a weakness, as short term interest rates rise in coming years.
Comcast shouldn't kid itself. A more upfront case about why no debt is being used to buy Time Warner Cable may prove Comcast's best defense in Washington
A boom in the syndication of leveraged loans could hit the bottom line of some large banks.
With Alagasco, Laclede's utility customer base is expected to increase to 1.55 million from about 1.13 million. Laclede will acquire Alagasco for a total consideration of $1.6 billion. The company will also assume $250 million of Alagasco debt.
Questcor Pharmaceuticals has been a controversial stock for years, as short selling research firm Citron Research raised concerns about the company's Acthar gel, which is marketed for multiple sclerosis and other autoimmune and inflammatory disorders.
The best comparison for Moelis & Co.'s shares may be the publicly traded units in private equity firms such as Apollo Global Management, Blackstone Group, Carlyle Group and KKR & Co., and not the investment banking boutique's primary competitors such as Greenhill & Co., Evercore Partners and Lazard , or larger full service firms such as Goldman Sachs and Morgan Stanley.
Restaurant pick-up and delivery platform GrubHub on Thursday priced its initial public offering at $26 a share, above the $23-to-$25 a share range the company set forth earlier in its IPO process.
Google's C shares will trade under ticker 'GOOG,' while A shares will now trade under ticker 'GOOGL.'
Private-equity firms have significant growth opportunities ahead, particularly in real estate and debt investing, that stock investors are giving little credence to, says Bernstein's analysis.
On the heels of civil litigation, the federal charges allege that PG&E willfully violated the Pipeline Safety Act in areas such as record keeping, pipeline integrity management and identification of pipeline threats.