Category: Financial

Analysis, BioTech, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

PBOC Announces Elimination of the Original Lending Rate Floor

The People’s Bank of China (PBOC) announced the elimination of the original lending rate floor of 30% discount to benchmark, allowing banks to lend at any discount to benchmark lending rates as they see fit. The PBOC scrapped the cap on lending rates in 2004, and this move will fully liberalize lending rates for banks. Greater pricing flexibility will enable the banks to retain their … Continue reading PBOC Announces Elimination of the Original Lending Rate Floor

John MeadyLeave a comment
Analysis, BioTech, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

PBCT Loan Segment Shows Growth

People’s United Financial reported net income of $62.1 million, or $0.20 per diluted share, in the second quarter of 2013 compared with $64.8 million, or $0.20 per diluted share, in the second quarter of 2012. Loans across all categories showed strong growth during the quarter, increasing at an annualized rate of 13%. The net interest margin declined to 3.33% for the second quarter compared with … Continue reading PBCT Loan Segment Shows Growth

Jason KnoxLeave a comment
Finance, Financial, Services Sector

Wipro’s Momentum Continues into Third Quarter

Wipro reported solid fiscal second-quarter earnings that, despite a continued soft spending environment, were in line with our expectations. IT Services delivered another good quarter, as the company was able to book a number of key contract wins. Management provided optimistic guidance for the upcoming quarter, and we will update our financial model based on these developments but do not anticipate a change to our … Continue reading Wipro’s Momentum Continues into Third Quarter

Colin PettisLeave a comment
Finance, Financial, Popular, Semiconductors, Services Sector, Tech IPO

Pengrowth Energy Struggles in the Second Quarter

Pengrowth Energy reported earnings after the market close Wednesday. Earnings and cash flow fell, and uncertainty over the sustainability of the dividend persisted. The firm is once again in the position of requiring additional divestitures or making a dividend cut within the upcoming year. The problem for Pengrowth is that the continued payment of the dividend, combined with net losses, is eating into its book … Continue reading Pengrowth Energy Struggles in the Second Quarter

Chris LewisLeave a comment
Analysis, BioTech, Finance, Financial, Semiconductors, Software

INFA Reports Strong Quarter Despite Macro Headwinds

Informatica reported solid first-quarter results with revenue growth slightly exceeding expectations, as increased hiring and investment weighed on margins.  The firm grew revenue 9.3% from the year-ago period to $214.3 million, 5% ahead of our model. Informatica changed the way it reports revenues by giving more details, which we find helpful. Service revenue was strong, gaining 14.8% year over year to $126.4 million. The Consulting … Continue reading INFA Reports Strong Quarter Despite Macro Headwinds

Mark DoerrLeave a comment
Analysis, Finance, Financial

China Unicom Reports Strong Revenue Growth Year over Year

China Unicom reported nine-month results that continue to show strong revenue growth, but at the expense of margins. We think this strategy makes sense while China Mobile remains tied to its 3G TD-SCDMA network. However, with 4G likely coming in the next few months, this strategy may not continue to work. For now, though, we are maintaining our fair value estimate and moat rating. Unicom’s … Continue reading China Unicom Reports Strong Revenue Growth Year over Year

Jayne CrismanLeave a comment