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Data Update 5 for 2023: The Earnings Test

Musings on Markets

As I have argued in all four of my posts, so far, about 2022, it was year when we saw a return to normalcy on many fronts, as treasury rates reverted back to pre-2008 levels, and risk capital discovered that risk has a downside.

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Banks, Build Vs Buy And The Great Digital Shift

PYMNTS

We’ve noted that the stage has been set for M&A to ramp up, due in part to lower corporate taxes, which gives firms higher profits, which in turn gives them more money to both extend loans (building up customer bases) and have money in hand to pursue deals. PNC sold its stake in Blackrock for $15 billion, adding to its dealmaking ability.

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Transcript: Graeme Forster, Orbis Investments

Barry Ritholtz

And they go on longer and longer and obviously more profitable for the states that run the lottery. But it makes a big, big difference to your long-term outcomes if you can just avoid those big losses. So they’re, all of our analysts are working in niches. They could be a Japan analyst or UK analysts or financials analyst.