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- First Step to Final Offer (05/20/24)
First Step to Final Offer (05/20/24)
Brooks Gammill
May 21, 2024
Your weekly round-up of an M&A deal walkthrough, insightful market news summaries, technical quiz questions, and various internship, events, and diversity programs. A key resource to best prepare yourself for finance recruiting. If someone sent you the newsletter subscribe below!
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CAREER OPPORTUNITIES
Class of 2026
Summer 2025 Applications
Santander Summer 2025 Analyst Role - Link Here
Fifth Third Bank Summer 2025 Analyst Role - Link Here
Morgan Stanley 2025 Investment Management Summer Analyst - Fixed Income - Link Here
Nomura Summer 2025 Analyst Roles - Link Here
Citadel Securities Trading Fundamental Analyst - Link Here
Deloitte Corporate Finance - IB Summer 2025 analyst - Link Here
Loop Capital Summer 2025 Analyst Postions - Link Here
Stifel Financial Corp Summer 2025 Analyst Roles - Link Here
Bracebridge Capital, LLC Summer 2025 Analyst Role - Link Here
Citi Summer Summer 2025 Analyst Roles [REPOSTED] - Link Here
StepStone Group Summer 2025 PE Analyst - Link Here
Guggenheim Summer 2025 Applications [REPOSTED] - Link Here
Oppenheimer Summer 2025 Applications - Link Here
Abdiel Capital Summer 2025 Application - Link Here
Solomon Partners Summer 2025 Applications - Link Here
Long Ridge Summer 2025 Application - Link Here
D.E. Shaw Summer 2025 Application - Link Here
Bank of America Summer 2025 Applications - Link Here
Point72 Summer 2025 Application - Link Here
JMI Equity Summer 2025 Application - Link Here
J.P. Morgan Summer 2025 Application- Link Here
Class of 2027
MARKET NEWS
Wall Street Strategists Rush to Revise S&P 500 Targets as Stocks Hit Fresh Records
With the stock market reaching new highs, Wall Street strategists are quickly adjusting their targets for the S&P 500. The consistent climb of the index has prompted analysts to update their forecasts to reflect the market's strength and resilience. This reassessment underscores the dynamic nature of market predictions and the influence of recent economic data and corporate earnings on market expectations. (MarketWatch)
Meme Stocks Gain Momentum Amid Renewed Retail Investor Interest
The resurgence of meme stocks, such as GameStop and AMC, continues to capture the attention of retail investors. Recent activity has seen these stocks experience renewed volatility and significant price swings, driven largely by social media trends and retail trading communities. This phenomenon highlights the persistent impact of retail investors on market dynamics and the unpredictable nature of meme stocks. (AP News)
JPMorgan Projects Significant Increase in 2024 Net Interest Income
JPMorgan Chase has forecasted a notable rise in its net interest income for 2024, expecting it to reach $91 billion. This optimistic outlook is based on the anticipated benefits from higher interest rates and strong loan growth. The projection reflects JPMorgan's confidence in its ability to capitalize on favorable economic conditions and its strategic positioning in the financial sector. (Reuters)
M&A DEAL OVERVIEW
Frank McCourt's Plan for U.S. TikTok
Real estate mogul Frank McCourt is preparing to launch a new U.S. version of TikTok, aiming to offer an alternative to the popular Chinese-owned app. McCourt's venture, named "Project Liberty," seeks to address data privacy concerns and offer a platform that prioritizes user control over their own data. The initiative is part of McCourt's broader effort to promote decentralized social media platforms and enhance data sovereignty. This move aligns with ongoing discussions in the U.S. about the regulation and security of foreign-owned social media platforms. McCourt's bold step could potentially reshape the social media landscape and influence future regulatory frameworks.
TECHNICAL QUESTION OF THE WEEK:
How does an increase in accounts receivable affect a company's cash flow statement? |
ADDITIONAL RESOURCES
LAST WEEK TECHNICAL QUESTION OF THE WEEK ANWSER:
Correct Answer - It decreases the company’s valuation due to higher discount rates