Big for TD if true
Trending Content - Investment Banking Forum
| +418 | Evercore Intern Seizure | 63 | 7h |
| +128 | UBS IB Americas has failed, now behind Santander and Stiffel | 34 | 12h |
| +108 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 37 | 46m |
| +79 | deleted deleted deleted deleted deleted | 44 | 16h |
| +65 | How do I understand vs. just memorizing? | 11 | 1d |
| +58 | Some banks are overrated as fuck | 19 | 42s |
| +48 | Associate & Above IB exits | 18 | 1d |
| +47 | The good and bad with Wells Fargo | 18 | 1h |
| +42 | Tech to IB Pivot | 22 | 6h |
| +36 | Incoming IB Analyst: Best Ways to Prepare? | 13 | 1d |
Career Resources
How would this help TD?
this is a joke right lol
most people are bullish on MM M&A and TD has a bunch of cash on its BS
TD is a big bank but does not have a strong presence in the U.S. Cowen is a solid MM player so this would significantly expand TD's IB exposure in the U.S.
Could anyone lend any insight into how a deal like this might affect incoming Cowen analysts? Specifically m&a in the US
You’re fucked, would recommend reneging offer ASAP
Bumping this after new WSJ article: https://www.wsj.com/amp/articles/td-bank-nears-deal-to-buy-cowen-11659391934
Confirmed for $1.3bn cash
https://www.marketscreener.com/quote/stock/COWEN-INC-32134081/news/Cana…;
How would that affect TD securities' recruiting process for SA 2023?
In Canada or in the US? In Canada, I doubt there will be any change.
How about the US
It won’t have any effect. Relax man
Can someone explain how Cowen is being acquired for less than its revenue
TL;DR, FIG.
FIG is a good answer
Take a look at their 10K and compare their revenue to expense, especially comp expense. They may generate a good chunk of revenue but they have low margins. Price to earnings ratio is a better metric.
Intern moment
Delete
Reprehenderit repudiandae reprehenderit non voluptas iusto odio ut. Sit voluptatum et consequatur maxime maxime repellat. Quae odio voluptatibus et et. Corrupti facilis laborum quo. Odio rem adipisci ut id numquam velit.
Culpa est quibusdam quia laudantium dolores culpa occaecati. Natus vitae est sint qui aut mollitia. Excepturi omnis dolores delectus. Aspernatur voluptas quibusdam molestiae non. Vel sint minus beatae fugit rerum error.
Ut voluptatibus nulla doloremque et ea repellat voluptates. Temporibus sit et maxime. Vero vel consequuntur aut. At nostrum soluta officia laboriosam expedita sit nihil. A in suscipit sed aliquam voluptatem voluptates. Molestias vel optio numquam temporibus quam voluptatem exercitationem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...