Category: Midday Tidbits — Thinking About Earnings

While some are focusing on the possibility of a near-term rebound in the equity market, Gordon Fowler, chief investment officer at Glenmede Investments, says long-term earnings are the more important concern. “There has been a lot of wreckage in the market and it is possible that we will see more over the next few years,” […]

While some are focusing on the possibility of a near-term rebound in the equity market, Gordon Fowler, chief investment officer at Glenmede Investments, says long-term earnings are the more important concern. “There has been a lot of wreckage in the market and it is possible that we will see more over the next few years,” […]

There’s a certain irony embedded in Visa’s ability to raise almost $20 billion in proceeds amid the worst credit crunch in decades. Then again, the credit-card processing company has a model that many a bank these days would be envious of — they make money off credit-card transactions without taking credit risk.

Largest U.S. IPOs

Date
Company
Size (bil)

3/18/08
Visa
$17.86

4/26/00
AT&T […]

There’s a certain irony embedded in Visa’s ability to raise almost $20 billion in proceeds amid the worst credit crunch in decades. Then again, the credit-card processing company has a model that many a bank these days would be envious of — they make money off credit-card transactions without taking credit risk.

Largest U.S. IPOs

Date
Company
Size (bil)

3/18/08
Visa
$17.86

4/26/00
AT&T […]

The going theory about the Federal Reserve’s discount window has been that there’s a stigma attached to it — that firms that borrow from it are automatically considered troubled, teeing them up for a stock selloff, run on the bank, what-have-you.
It was, in fact, one of the reasons the Fed created the Term Auction […]

The going theory about the Federal Reserve’s discount window has been that there’s a stigma attached to it — that firms that borrow from it are automatically considered troubled, teeing them up for a stock selloff, run on the bank, what-have-you.
It was, in fact, one of the reasons the Fed created the Term Auction […]

Shares of Bear Stearns looked set to rally again, gaining 11% to $6.75 a share in premarket action, according to Archipelago, as speculators — and potentially bond holders — are buying the stock. As Matthew Karnitschnig and David Enrich report in today’s Wall Street Journal, “the run-up in Bear Stearns shares has set the stage […]

Shares of Bear Stearns looked set to rally again, gaining 11% to $6.75 a share in premarket action, according to Archipelago, as speculators — and potentially bond holders — are buying the stock. As Matthew Karnitschnig and David Enrich report in today’s Wall Street Journal, “the run-up in Bear Stearns shares has set the stage […]

Is the Dow finally in turnaround?

At first, the markets didnÂ’t like it. In the end, equity investors decided that yes, a 0.75 percentage point cut out of the Federal Reserve would do just fine, thankyouverymuch. With the federal-funds target lowered to 2.25%, real interest rates (that’s the federal-funds rate minus the inflation rate) are more […]

Bear Stearns needed the Federal Reserve to back-stop $30 billion in order to be sold for $236 million. After the close of trading today, Visa might end up with $19 billion just, well, because people want to buy the stock.
“There is certainly an avalanche of interest, not only in the U.S. but in Dubai, Kuwait, […]