Category: Investment Banks

TEK2day Podcast #419: Guests Ken Bisconti and Bob Petrocchi – Co-Heads SS&C Intralinks

TEK2day Podcast #419: Guests Ken Bisconti and Bob Petrocchi – Co-Heads SS&C Intralinks

We had a conversation with Ken Bisconti and Bob Petrocchi who together co-lead Intralinks, an SS&C Technologies (tkr: SSNC) company. Intralinks is perhaps best known for its Virtual Data Room offering - "VDRPro" - part of a larger product portfolio that customers primarily use to securely manage M&A and related transactions. We covered a variety … Continue reading TEK2day Podcast #419: Guests Ken Bisconti and Bob Petrocchi – Co-Heads SS&C Intralinks

We Are Taking A “Show Me” Approach To Gary Gensler As SEC Chairman

We Are Taking A “Show Me” Approach To Gary Gensler As SEC Chairman

The Committee on Banking, Housing and Urban Affairs is holding its confirmation hearing for Gary Gensler as SEC Chairman (link HERE). Gensler will need to demonstrate that he will be tough on individuals and companies that violate capital market integrity. We are confident that Mr. Gensler understands the relevant questions to ask (even if Senator … Continue reading We Are Taking A “Show Me” Approach To Gary Gensler As SEC Chairman

Banks Need To Try Something New

Banks Need To Try Something New

Last night it was reported that M&T Bank (tkr: MTB) would acquire People's United (tkr: PBCT) for more than $7 billion. These "scale" acquisitions between regional banks simply delay the inevitable. What is required is the hard work of evolving business models and service delivery capabilities. More of the same won't suffice. Regional banks are … Continue reading Banks Need To Try Something New

How To Restore Integrity To The Capital Markets

How To Restore Integrity To The Capital Markets

On February 18th the House Financial Services Committee will hold a virtual hearing related to the GameStop (GME) fiasco. "Accountability" in a word is how the SEC may act to restore integrity to the capital markets. Jail time for scammers: Should you decide it is a good idea to execute a pump and dump scheme … Continue reading How To Restore Integrity To The Capital Markets

Palantir Is Not A Software Company

Palantir Is Not A Software Company

Palantir (tkr: PLTR) is not a Software company no matter how hard it may try. It appears that Palantir has allocated a portion of Costs of Goods Sold to General & Administrative expenses in order to boost Gross Margins in-line with Software company Gross Margins (click here for PLTR table). Doing so helped PLTR benefit … Continue reading Palantir Is Not A Software Company

Don’t Expect AT&T to Sell WarnerMedia In The Near-Term

Don’t Expect AT&T to Sell WarnerMedia In The Near-Term

A WarnerMedia sale is not likely to happen before Q4 2021. A WarnerMedia sale is likely to occur, but not before calendar Q4 2021. The WarnerMedia business unit is a significant drag on AT&T's (tkr: T) ability to invest in its core, capital intensive, distribution/data/fiber business. Disney (tkr: DIS) is the natural buyer. Apple (tkr: … Continue reading Don’t Expect AT&T to Sell WarnerMedia In The Near-Term

The Free Trading Business Is Getting Crowded. Webull and Square Have an Edge.<span class="badge-status" style="background:red">Premium</span> 

The Free Trading Business Is Getting Crowded. Webull and Square Have an Edge.Premium 

Webull - the China-based fintech firm - is the latest entry in the commission-free trading space along with Robinhood, Square and Fidelity to name several. These zero commission stock trading apps have enabled the equity bubble in part. A key element of these platforms is fractional share trading which enables retail equity traders to buy … Continue reading The Free Trading Business Is Getting Crowded. Webull and Square Have an Edge.Premium 

Two Different Approaches To Growth: Fintech vs. Legacy Asset Managers

Two Different Approaches To Growth: Fintech vs. Legacy Asset Managers

Robinhood and other Fintech firms are using Social Media-based principles and tools such as "gamification" software to drive customer growth and usage. Legacy Asset Managers are taking the M&A route. Order Flow Revenue or "Pay-to-Play Revenue" is the revenue that Asset Managers generate from directing equity and options order flow to various trade execution firms … Continue reading Two Different Approaches To Growth: Fintech vs. Legacy Asset Managers

New IBM CEO Arvind Krishna Understands the Value of Spin-Offs

New IBM CEO Arvind Krishna Understands the Value of Spin-Offs

IBM plans to spin off the Managed Infrastructure Services business within its Global Tech Services ("GTS") segment (approximately $19B TTM revenue through June 2020). Doing so will provide more air time to the acquired RedHat OpenShift (IBM's "Hybrid Cloud" strategy) and cognitive computing businesses. Post-spin, the growth in these businesses will make a greater revenue … Continue reading New IBM CEO Arvind Krishna Understands the Value of Spin-Offs

Most Banking CEOs Fail To Innovate. New Citi CEO Jane Fraser May Have Better Luck.

Most Banking CEOs Fail To Innovate. New Citi CEO Jane Fraser May Have Better Luck.

Innovation is the name of the game and I am unable to think of a major bank that has innovated or disrupted the market over the past 20-30 years. Goldman probably comes closest. Goldman's biggest "innovation" was attaching itself to Apple's coat tails. JPMorgan has leveraged AI and other advanced technologies internally. However, JPM has … Continue reading Most Banking CEOs Fail To Innovate. New Citi CEO Jane Fraser May Have Better Luck.