Pardon my ignorance, but why would JPM's stock fall after it was announced it is the sole advisor to Merck on one of the biggest M&A deals of the year?
| +162 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 29 | 9h |
| +160 | UBS Tech layoff | 52 | 2d |
| +146 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 31 | 1d |
| +119 | Leaked Interview Questions to Recruiting Services | 55 | 5h |
| +64 | How do YOU manage networking requests? | 20 | 5h |
| +60 | Are target prospects getting dumber? | 27 | 1d |
| +34 | MBB Pay Raises | 26 | 2d |
| +21 | Earliest you can get fired | 7 | 5h |
| +20 | Career Crossroads | 3 | 10h |
| +20 | US 2027 SA IB worried about background check | 5 | 7h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
You really think 15 - 25 million dollars in fees is going to help a firm's stock price go up? That's not the way the stock market functions.
It's something like $58 million in fees if I remember correctly. Regardless, it's one of the biggest deals of the year - positive news like this usually should boost a company's stock...
Yeah - agreed.
Though the sector was up, the drop occurred around 2PM. About the same time when BarCap announced it was going to purchase Bear Wagner Specialists from JPM. Perhaps, this is why?
Guys, I seriously doubt the drop had to do with any fundamental reason. Remember that in this kind of an environment a lot of moves in the stock market don't necessarily make sense.
Fine. Let's call it the random strut.
Fees from the Merck deal are peanuts compared to JPM's risk exposures from mortgage originations and credit card defaults. This is all in addition to the macro conditions.
Not sure how one deal should boost the stock of a global bank that has 750 billion in off-balance sheet exposure.
If it was a buyout like the BCE deal, that show Citi and DB stock move, where the bank saved billions overnight that is something else.
Just my 2c.
look... IT IS ALL RANDOMNESS... maybe a few traders had a bad day or pressed the wrong buttons on their machine... who knows? I find it very weird that people have to attribute some reason for every little movement in stock prices...
lol
B/C it's not the sole adviser? 20m is small potatoes.
I'm pretty sure JPM is the sole advisor to Merck. Goldman and Morgan are advising Shering Plough.
Everyone is always going to look for a reason a stock moves or how the market is doing. It's just how we are. It's like going to a casino and being overly superstitious or some athlete who has a routine before every game. I've been online stock trading for years and the only thing i've seen make stocks really move is a company like google coming around.
Numquam perspiciatis doloremque omnis et et optio et. Dolorem dignissimos mollitia assumenda eum. Cupiditate facere nihil officia cupiditate iste. Non aut consequuntur aut sit exercitationem alias corrupti.
Deleniti vero nobis dolorum id saepe quia. Voluptatem nihil itaque voluptas quod reiciendis porro. Quos voluptas dolore inventore ab sed nisi sit. Neque doloremque sed maiores laborum nam incidunt. Non vero quas iste ad. Quia consequuntur voluptatibus excepturi doloremque officiis sunt exercitationem. Perspiciatis est neque ullam fugiat impedit explicabo accusantium magnam.
Aliquam quasi eum cumque voluptatibus. Error eum dolorem accusamus et aut nihil. Dolores autem officia praesentium quaerat id molestiae.
Eos voluptatum sed qui. Nulla voluptatem dolorum illo quia accusantium. Odio dolores in sit quia rerum est est.
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...