Financial Services

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Member Banks See Windfall in Visa IPO

03/14/08 - 06:59 AM EDT

Laurie Kulikowski

The top eight underwriters -- JPMorgan Chase, Goldman SachsGS, BofA, Citi, HSBC, Merrill LynchMER, UBS and WachoviaWB -- will receive the lion's share of the fees. Fees could be roughly $480 million if shares trade at the midpoint price of $39.50. Visa is currently estimating a 3% fee, according to the prospectus.

"It's not the best time to go public with what's happening in the market, but MasterCard's stock has been holding up pretty well compared to some of the other financial services companies and that's basically at the end of the day [Visa's] No. 1 benchmark," Kon says. "It has a more positive event for the market itself because it definitely might change some of the mood in the IPO market."




1 2 3
» Next

Headlines & Perspectives

Financial Services

Go To Section Home


03/12/08
Morgan Stanley Shareholders Want Board Shake-Up

CtW Investment Group asks others to vote against directors Howard Davies and Robert Kidder. Also, they say John Mack shouldn't hold both the chairman and CEO posts.


03/11/08
Thornburg Climbs on Lender Talks

The jumbo mortgage lender's shares were soaring after it restated earnings and said it was working with lenders to meet margin calls.


03/07/08
MBIA Asks Fitch to Drop Ratings

The financial guarantor, which has been under pressure to raise capital from ratings agencies, gave no reason for the request.


05/19/08
Cramer on Top Searched Stocks: Yahoo!

Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.


05/17/08
Jim Cramer's Best Blogs

Catch up on his thinking on the hottest topics of the past week.


04/26/08
Coming Week: Make or Break

Investors will have to deal with a Fed meeting and another flood of earnings and economic data.


05/19/08
Top Rocket Stocks: Ensco

Ensco International and Echelon have the potential to move higher in coming days.


04/28/08
Monday's Analysts' Upgrades, Downgrades

See who made what calls.


05/19/08
Telecom Giants See a Savior in Video

The addition of video is helping telecom companies compete against cable and satellite companies.


05/19/08
Contract Expiration Tempers Oil's Rise

The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.


05/19/08
Analysts' Upgrades, Downgrades: Amazon

See who made what calls.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now.

Keep on top of the market and the critical information you need to make more profitable investing decisions.

  • Cramer's Daily Booyah!
  • Before the Bell

Privacy Policy

See All Free Newsletters

Premium Stock Ideas