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Category: Big Banks

6 Common Mistakes When Developing Financial Budgets for a Company

6 Common Mistakes When Developing Financial Budgets for a Company

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There is no doubt that for a company to have the capacity to grow, it must have efficient management of its financial resources. Implementing the practice of preparing budgets is a way to ensure that your organization will be taking advantage of resources efficiently, and that the company will be able to meet current and future commitments. This is a way to visualize the possible scenarios that can be present both internally in the organization and in the market in…

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The Challenge of Selecting a New Treasury Secretary

The Challenge of Selecting a New Treasury Secretary

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The Trump transition team has yet to announce who will become the next secretary of the treasury, but a few candidates have emerged in the past week, including Representative Jeb Hensarling of Texas, Trump’s campaign finance chair Steven Mnuchin, and the billionaire investor Wilbur Ross. While the potential appointees do have backgrounds in different areas of finance, from investment banking to private equity, they all (save for Hensarling) have extensive experience on Wall Street. Politico has reported that Trump’s team…

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Sell-Side Views Pour In After Cisco’s First Quarter

Sell-Side Views Pour In After Cisco’s First Quarter

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Cisco Systems, Inc. (NASDAQ: CSCO) continues to be weighed down after a disappointing first-quarter earnings release where the company offered future guidance lower than analyst expectations. At time of writing, shares were down 5.04 percent at $ 29.98. Sell-side analysts had plenty to say about one of Silicon Valley’s most notable companies. BMO Capital Markets BMO Capital Markets said revenue guidance disappointed and thus lowered estimates due to the diminished outlook. “The stock has typically performed well after revenue resets,…

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Credit Suisse Sees Voya Financial As A Top Pick

Credit Suisse Sees Voya Financial As A Top Pick

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Credit Suisse thinks there is enough room for Voya Financial Inc (NYSE: VOYA) to provide solid return on equity and believes the shares are undervalued currently. The firm expects the stock to provide about 29 percent upside potential. Therefore, the brokerage initiated the stock at an Outperform rating and set a target price of $ 39. Analysts John Nadel, Wesley Carmichael and Michael Ward think that Voya’s earnings from its current ongoing businesses are below its potentials and expects upside…

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SS&C Technologies Upgraded To Overweight At Morgan Stanley

SS&C Technologies Upgraded To Overweight At Morgan Stanley

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Morgan Stanley upgraded SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) to Overweight from Equal Weight on expectations of an inflection in organic growth, margin expansion and lower leverage from robust cash flow. The brokerage sees several key drivers for an organic revenue growth inflection into the second half of this year. The drivers include improving retention rates, Advent Software contribution and easier license comparisons versus last year. Further, cross-selling, salesforce overhaul and potential stabilization of AUA levels should also aid growth….

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Alibaba Shares Are Hot This Week; Here’s Why

Alibaba Shares Are Hot This Week; Here’s Why

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Shares of Alibaba Group Holding Ltd (NYSE: BABA) have been on fire recently, up 7 percent in the last two trading sessions. Sentiment surrounding the Chinese e-commerce giant is overwhelmingly bullish, with analysts seeing several opportunities for growth in the future. UBS and Stifel both raised their price targets on the stock, with UBS boosting its target on Alibaba to $ 124 from $ 107 and Stifel upping its target to $ 125 from $ 104. Both firms reiterated Buy…

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