Barry Ritholtz

MAY 6, 2025

And at the time, you know, we used the deal code system and on Wall Street the banks were telling me, this is nonsense, we don’t even talk about it with investors. And came to the notion that the banking system would be under stress. And what’s the implication of the banking system under stress?

Profit and Loss

The Big Picture

JULY 17, 2025

My morning train WFH reads: • Shake the Valuation Fixation : Whatever their level and whichever flavor you prefer, price-to-earnings ratios say little about markets’ future direction. to 1 percentage points lower than in a benchmark simulation using the Congressional Budget Office’s immigration projections through November 2024.

Benchmarking

VCFO

MARCH 30, 2023

Building Blocks and Best Practices for Driving Business Value Business valuation is not an original or uncommon topic. A good place to start is benchmarking yourself against your competition. Access to Capital If one doesn’t have their own well of capital to tap into, having solid banking or equity relationships is a must.

Valuation

CFO News Room

FEBRUARY 6, 2022

Global markets have been volatile in recent weeks as the Federal Reserve has prepared to raise interest rates for the first since 2018, and other major Western central banks have also become more hawkish. In the bond market, the benchmark 10-year U.S. indexes were close to flat, offering little clue to the likely direction of U.S.

Benchmarking

CFO News

MARCH 30, 2025

The combined market valuation of eight of the top-10 most-valued firms climbed Rs 88,085.89 crore last week, with HDFC Bank leading the pack of gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark gauge climbed 509.41 points, or 0.66 per cent.

Benchmarking

Barry Ritholtz

FEBRUARY 27, 2023

equity valuations: “Baby-boomers’ huge flow of 401K plan contributions helped to drive equities higher; now that ~70 million Boomers are retiring, when do demographics flip this from a huge positive to a net drag?” (I am purposefully omitting the specifics and the names of the fund managers, sponsors, banks, etc.)

Benchmarking

Global Finance

OCTOBER 9, 2024

Bank partnerships proliferate as the quest to deliver real-time payments intensifies. When it comes to processing payments, it’s better for a bank to be “always on,” says Debopama Sen, Citi Services’ head of Payments in the Treasury and Trade Solutions business. Sen, Citi: Banking clients are looking for a one-stop solution.

Mergers and Acquisitions (M&A)

CFO News

JUNE 27, 2024

Yields on the 10-year benchmark government bond were at 6.99% on Thursday, down from 7.05% at the end of the March quarter. Government bond yields have declined in the current quarter due to foreign inflows ahead of inclusion of domestic debt in JPMorgan's emerging market index.

Valuation

PYMNTS

DECEMBER 7, 2018

Cross River Bank. Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene.

B2B

PYMNTS

APRIL 19, 2019

Barclays Investment Bank provided commercial card technology firm Brex with a $100 million debt capital round, the firms said this week , which sees Brex’s corporate card receivables back the warehouse line of credit provided by Barclays. The company said it plans to use the investment to further build out its lending operations.

B2B

PYMNTS

APRIL 2, 2018

FirstCaribbean International Bank is planning to raise $100 million through its initial public offering (IPO) in the U.S., The financial institution currently targets the Caribbean with its banking services and, according to analysts, its financials remain strong despite natural disasters in the region. The bank is 91.7

Benchmarking

PYMNTS

AUGUST 18, 2016

The worries over valuations tied to unicorns, by now universally defined as the tech firms with implied valuations above $1 billion, have ebbed and flowed, depending on what time of the quarter or even the day it might be.

Valuation

Musings on Markets

AUGUST 15, 2023

After the rating downgrade, my mailbox was inundated with questions of what this action meant for investing, in general, and for corporate finance and valuation practice, in particular, and this post is my attempt to answer them all with one post. Determinants So, why do risk-free rates vary across time and across currencies?

Investments

PYMNTS

SEPTEMBER 30, 2019

I’m pro-algorithm,” said Bill Gurley, a general partner at venture capital titan Benchmark. . Gurley, along with Sequoia Capital’s Mike Moritz, have been talking up the benefits of a direct listing instead of traditional IPOs, where banks purchase giant blocks of stock, then make them available to clients at one price the night before.

Benchmarking

PYMNTS

SEPTEMBER 30, 2019

I’m pro-algorithm,” said Bill Gurley, a general partner at venture capital titan Benchmark. . Gurley, along with Sequoia Capital’s Mike Moritz, have been talking up the benefits of a direct listing instead of traditional IPOs, where banks purchase giant blocks of stock, then make them available to clients at one price the night before.

Benchmarking

Barry Ritholtz

AUGUST 16, 2022

RITHOLTZ: And last question about the various teams, does everybody have a different benchmark? So just practically speaking, there’s going to be less to do if you’re trading German interest rates, and the central banks not moving them for 10 years. We’ve got central banks all over the world starting to move.

Profit and Loss

PYMNTS

FEBRUARY 7, 2020

Loans were primarily issued to SMB merchants that sell on the site, and bank partnerships were leveraged in some foreign markets. In Amazon’s case, the value of logistics is about $1 trillion, which is the valuation the company reached again this week, after the firm’s results and investments managed to impress investors.

eCommerce

PYMNTS

DECEMBER 1, 2017

a share, a price that would decrease Uber’s $60 billion valuation by 30 percent. SoftBank and Dragoneer have received indications from Benchmark, Menlo Ventures and other early investors of their intent to sell shares in the tender offer,” the company said in a statement. billion in funding.

Valuation

The Finance Weekly

MARCH 5, 2024

P,roductivity The last few years have seen significant advancements in productivity solutions, such as ,, Monday and ,, ControlUP , whose stock valuations have soared. The overwhelmingly positive reviews on Datarails' G2 and Capterra pages suggest that they are definitely doing something right.

Financial Planning and Analysis (FP&A)

Barry Ritholtz

SEPTEMBER 3, 2024

Heather Brilliant : I worked at Bank of America and, and they had a wonderful corporate finance training program. Heather Brilliant : Well, actually I had, I had pursued the CFA program first, and I learned about the CFA from a colleague at Bank of America, and I got right on it. Barry Ritholtz: Huh, really, really interesting.

Investments

PYMNTS

JUNE 30, 2016

Dangelmaier, who is in London (aka Brexit’s Ground Zero ) this week for a mobile commerce conference, said he’s been able to speak with merchants, FinTech players, banks, acquirers and even the networks, with everyone expressing the same feelings of uncertainty. “There’s a lot of confusion, a lot of shock.”. rather than directly in the U.K.

Currencies

Barry Ritholtz

FEBRUARY 6, 2024

Its index and its benchmark. My mental image was that he worked in the bank of, back of a bank approving mortgage applications. Tell us a little bit about the valuation discipline, quality investing offers and and why that’s so important when so many stocks have had such great run up over the past couple of quarters.

Valuation

Barry Ritholtz

AUGUST 15, 2023

SEIDES: If the S&P is your benchmark, which it isn’t for these pools of capital. RITHOLTZ: What should be their benchmark? So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. So what do you use for a benchmark? What’s the valuation?

Investments

Barry Ritholtz

OCTOBER 31, 2023

The best example I always love to give is that Amazon’s last private round was at a $60 million post money valuation. Post money valuations until the market has changed dramatically. 00:15:29 [Speaker Changed] That’s your benchmark, correct? So, so let’s talk a little bit about valuation.

Investments

Barry Ritholtz

AUGUST 29, 2023

They create the benchmark. So when there’s a major turnover like that that happens, you always have the option, “Hey, can you do it exactly on the time that it enters the benchmark? And 87% of our active fixed income funds have outperformed their benchmarks on a three year basis against their benchmarks.

Investments

Barry Ritholtz

MAY 9, 2023

Investment banks were not really a known concept in the area where I grew up. I lined up a bunch of job interviews with a variety of banks. So I got to know banks a little bit. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998.

Investments

CFO News Room

DECEMBER 17, 2022

He previously worked at a financial planning firm in Bethesda, Maryland, and as a journalist covering the banking and insurance industries. In 2021, elevated equity valuations and relatively low bond yields led the researchers to suggest 3.3% Team Kitces. Adam is an Associate Financial Planning Nerd at Kitces.com.

Planning

CFO News Room

FEBRUARY 2, 2022

I left HSBC Group at the end of 1999, and some friends of mine that I’d known a long time had came on — came out of the fixed income side at a number of investment banks, generally, top II-rated (ph) mortgage research and more — traders, fixed income salesman, and to raise third-party capital broker-dealers required. CONROD: Sure.

Investments

Barry Ritholtz

JULY 24, 2023

I started my career as a bank teller, but fell in love with markets. And so for the longest time, I actually thought that my unconventional background, I wasn’t an Ivy League student, I didn’t train at an investment bank, I wasn’t working for a hedge fund, I started my career as a bank teller.

Marketing

Barry Ritholtz

DECEMBER 12, 2023

He has absolutely crushed his benchmark over that period. He’s crushed the Russell 2000, whatever benchmark you want to talk about. And Bank of America called me and said, would you like to be director of research and strategy? The s and p 500 has underperformed his fund by 3.7% a year since 1989. So I took that.

Benchmarking

Barry Ritholtz

OCTOBER 17, 2023

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. So, you know, our sister company in South Africa, Africa have done 8% above the benchmark. Then the volatility and, and the valuation makes an enormous difference.

Investments

Barry Ritholtz

OCTOBER 21, 2024

Their benchmarks were down. 00:03:11 [Speaker Changed] Yeah, we started out, I started on banking, the two year banking program, which merchant banking was the group I was in. So 00:05:24 [Speaker Changed] You’re at a big bank in, in 87, you know, obviously there were a lot of market dislocations later that year.

Numbers

Barry Ritholtz

FEBRUARY 13, 2023

In fact, I was going to be a strategist, financial analyst to work for a bank and write research reports. And because remember, Lehman had the Lehman Agg and that was the benchmark. There is above benchmark returns to be generated by active selection of credit quality duration and specific bonds. There is alpha. RIEDER: Right.

Mergers and Acquisitions (M&A)

Global Finance

MARCH 3, 2025

Globally, Social bonds will be constrained by a lack of benchmark-sized projects, while transition-labeled bonds and sustainability-linked bonds (SLBs) will remain niche segments as they navigate evolving market sentiment, the ratings agency posted on its website. This awards program covers activities from January 2024 to December 2024.

Finance

Barry Ritholtz

MAY 21, 2024

The transcript from this week’s, MiB: Savita Subramanian, US Equity & Quantitative Strategy, Bank of America , is below. They got bought by Bank America. And I think you will also, with no further ado, my discussion with Bank of America’s Savita. What can I say? Savita Sub Romanian, formerly of Merrill Lynch.

Finance

Barry Ritholtz

MARCH 14, 2023

As you pointed out early in my career, I bounced around a bunch of investment banks, and what I learned through time was it was important when I interviewed the investment bank, it was for them to interview me. Everybody wants to sell a company when they get a good valuation. Well, we look at central bank policies, of course.

Quantitative Analysis

Barry Ritholtz

MARCH 26, 2024

00:18:13 [Speaker Changed] When markets are going up, the benchmark is either an index like the s and p 500 or you know, someone you know that’s making even more money than you are. But it’s amazing how quickly the benchmark turns into cash or a positive return when markets are going down.

Investments