Musings on Markets

FEBRUARY 8, 2025

I spend most of my time in the far less rarefied air of corporate finance and valuation, where businesses try to decide what projects to invest in, and investors attempt to estimate business value.

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Hurdle Rate Valuation Corporate Finance Currencies 72

Global Finance

DECEMBER 26, 2024

GTreasurys FX solution achieves this by giving treasury teams the power to consolidate exposure data, automate risk assessments, and execute effective hedging strategies, all from one cohesive interface. FIS Global , which wins for Best FX Regtech Tool, developed Investment Risk Manager.

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Foreign Exchange Banking Currencies Treasury 96

Nerd's Eye View

OCTOBER 4, 2023

The expectations for the future economic outlook also appear in the valuations of equities, which tend to reflect how markets anticipate that corporate earnings will grow in the future.

Valuation 98

Valuation Economics Marketing Manufacturing 98

PYMNTS

SEPTEMBER 19, 2019

FinTech Stripe is raising $250 million in its latest funding round and has reached a pre-money valuation of $35 billion, according to a release on Thursday (Sept. The firm also wants to expand its product stack, which includes the Global Payments and Treasury Network (GPTN) and services like Connect, Billing, Terminal and Radar.

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Valuation Treasury Investments Economics 73

CFO News Room

JANUARY 9, 2023

There is a market-based estimate of inflation that comes from the US treasury market, where a comparison of yields on a treasury bond with that on a inflation-protected treasury bond of equivalent maturity provides a measure of expected inflation.

Treasury 130

Treasury Currencies Valuation Forecasting 130

E78 Partners

MARCH 3, 2025

Strong public market valuations in key sectorsespecially technology and healthcareare attracting growth-driven businesses. Enhance Treasury and Risk Management Functions: Prepare for public company treasury operations, including investor relations and cash management.

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Financial Planning and Analysis (FP&A) GAAP Marketing Compliance 52

CFO News Room

FEBRUARY 6, 2022

Valuations of Hong Kong-listed stocks are now quite reasonable, Mr. Ru said, adding that he doesn’t expect China’s internet sector to be hit with major regulatory changes this year. . Treasury yield declined to 1.903%, according to Tradeweb. In the bond market, the benchmark 10-year U.S.

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Benchmarking Valuation Treasury Marketing 130

CFO News Room

JANUARY 14, 2023

Inflation: The Full Story. I wrote my first post on this blog in 2008, and inflation merited barely a mention until 2020, though it is an integral component of investing and valuation.

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Treasury Economics Investments Marketing 130

CFO News Room

JANUARY 21, 2023

The treasury curve became steeper, but only at the shortest end of the spectrum, with the slope rising for the 2-year, relative to the 3-month, but not at all, when comparing the 10-year to the 2-year rate.

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Treasury Currencies Numbers Marketing 130

Musings on Markets

OCTOBER 4, 2023

While the rise in treasury rates has been less dramatic this year, rates have continued to rise across the term structure: US Treasury While short term rates rose sharply in the first half of the year, and long term rates stabilized, the third quarter has sen a reversal, with short term rates now stabilizing and long term rates rising.

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Marketing Treasury Valuation Investments 121

Global Finance

DECEMBER 6, 2024

As the Federal Reserve embarks on a rate-cutting cycle, we anticipate a gradual decline in US Treasury rates, which could support equity valuations and enhance the appeal of income-oriented strategies. GF: How does the evolving interest rates play into this scenario? Frame: Its a critical factor.

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Banking Communication Strategic Planning Leverage 52

Barry Ritholtz

APRIL 17, 2025

My advice was not based on fear of a bubble or the (over)valuation of Yahoo; rather, I suggested employing a regret minimization framework.2 He could take any job he wanted for the rest of his lifeor none at all. Torn about what to do, he asked my opinion. That was the pitch for securitized subprime mortgages (MBS).

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Investments Profit and Loss Math Accounting 87

Nerd's Eye View

APRIL 3, 2024

Notably, the work-from-home movement has resulted in a dramatic drop in office valuations that could lead to a whole host of issues, including lending constraints in the banking sector, which is already sitting on a mountain of unrealized losses on Treasuries and mortgages.

Economics 97

Economics Marketing Valuation Profit and Loss 97

Musings on Markets

SEPTEMBER 27, 2022

There is a market-based estimate of inflation that comes from the US treasury market, where a comparison of yields on a treasury bond with that on a inflation-protected treasury bond of equivalent maturity provides a measure of expected inflation.

Treasury 99

Treasury Valuation Currencies Forecasting 99

Musings on Markets

JANUARY 17, 2024

With these earnings and cash flows as starting points, and assuming that the treasury bond rate of 3.88% is a fair interest rate, I value the S&P 500: Download valuation spreadsheet Note that I forecast earnings beyond 2025, by assuming that growth scales down to the growth rate of the economy, estimated to be roughly equal to the riskfree rate.

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Valuation Treasury Forecasting Marketing 79

PYMNTS

DECEMBER 18, 2020

The move came as Treasury Secretary Steven Mnuchin warned that Chinese firms that wanted to be listed on U.S. Prior to the scandal, Luckin had been the first company since the year 2000 to reach a $3 billion valuation within 24 months of listing, according to CNBC. Securities and Exchange Commission (SEC) in August.

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Auditing Valuation Treasury Marketing 107

PYMNTS

MARCH 26, 2019

billion acquisition of treasury management technology firm Kyriba , according to Private Equity News reports on Monday (March 25). The deal would mark a significant increase in valuation for the firm, which was valued at about $350 million in 2017, when Sumeru Equity Partners provided $45 million in growth equity for the firm. (At

Treasury 66

Treasury Valuation Financial Systems Banking 66

Musings on Markets

AUGUST 5, 2023

Put simply, if you are using an equity risk premium in your company valuation that is much lower (higher) than the market-set equity risk premium, you are biasing yourself to find the company to be under (over) valued. 00254 + 1.4543 (.04)

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Treasury Valuation Investments Corporate Finance 98

Musings on Markets

MAY 6, 2022

Inflation: The Full Story I wrote my first post on this blog in 2008, and inflation merited barely a mention until 2020, though it is an integral component of investing and valuation. As treasury rates have risen, markets also seem to have been more wary about risk, and how it is being priced.

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Treasury Economics Investments Marketing 102

Musings on Markets

JULY 17, 2023

In my third post at the start of 2023, I looked at US treasuries, the long-touted haven of safety for investors. In 2022, they were in the eye on the storm, with the ten-year US treasury bond depreciating in price by more than 19% during the year, the worst year for US treasury returns in a century.

Marketing 98

Marketing Treasury Currencies Valuation 98

Musings on Markets

JANUARY 27, 2022

The treasury curve became steeper, but only at the shortest end of the spectrum, with the slope rising for the 2-year, relative to the 3-month, but not at all, when comparing the 10-year to the 2-year rate.

Treasury 99

Treasury Currencies Numbers Investments 99

Strategic Treasurer

SEPTEMBER 1, 2022

They cover what market risk is, the various types, how it’s used, and how it can impact valuations. Treasury Tech Analyst Report. Researching new treasury and finance technology can be overwhelming. Treasury Aggregators. Coffee Break Sessions – A Treasury Update Podcast Series. Explore All Episodes.

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Marketing Treasury Valuation Risk Management 52

PYMNTS

SEPTEMBER 18, 2018

In June, the financial institution (FI) announced a collaboration with BizEquity to deploy a company valuation service for small business (SMB) customers of the bank. That partnership allows for SMBs to obtain valuation reports from their TD Bank relationship managers, and made TD Bank the first top-10 U.S.

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Banking B2B Accounts Payable Valuation 62

CFO News Room

JANUARY 22, 2023

Stocks: The So What? It is worth noting that in valuation, demanding a higher expected return depresses value today, and the increase in expected returns over 2022 is therefore consistent with the decline in stock prices during the year.

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Forecasting Treasury Investments Economics 130

PYMNTS

JANUARY 8, 2021

In today’s top digital-first banking news, clients of BBVA subsidiary Simple Bank are reportedly getting emails telling them that Simple is closing and the intent is to move them to BBVA, while the Treasury Department announced that stimulus Visa debit cards are being mailed to homes. The MetaBank, N.A.-issued

Banking 57

Banking Treasury Valuation Economics 57

Musings on Markets

AUGUST 15, 2023

After the rating downgrade, my mailbox was inundated with questions of what this action meant for investing, in general, and for corporate finance and valuation practice, in particular, and this post is my attempt to answer them all with one post. For an investment to be risk free then, it has to meet two conditions.

Investments 98

Investments Currencies Treasury Hurdle Rate 98

PYMNTS

OCTOBER 14, 2020

In March, Softbank slashed WeWork’s valuation to $2.9 Earlier this month, Trish Fisher , senior director of Treasury Operations at WeWork, participated in a wide-ranging online panel discussion with PYMNTS’ Karen Webster and four other executives. Some retailers said they threatened bankruptcy if landlords would not help.

Healthcare 71

Healthcare Valuation Treasury Retail 71

Bramasol

JUNE 10, 2022

Either method enables companies to perform valuations and closing preparations for particular company codes according to required accounting principles for specific countries or locales, while still maintaining the ability to roll-up everything for enterprise-wide management. Treasury and Risk Management (TRM). Controlling (CO).

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PYMNTS

SEPTEMBER 30, 2016

And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Treasury Management. According to reports, the corporate eLearning industry is on par to hit a $31 billion valuation by the end of the decade.

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B2B Treasury Startups Cash Management 70

Global Finance

OCTOBER 9, 2024

When it comes to processing payments, it’s better for a bank to be “always on,” says Debopama Sen, Citi Services’ head of Payments in the Treasury and Trade Solutions business. Additionally, many incumbent firms are restructuring by spinning off their payments divisions into standalone entities to capture higher valuations.

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Mergers and Acquisitions (M&A) Startups Treasury Banking 100

Musings on Markets

JANUARY 21, 2023

The graph and table below provide my estimates of the historical equity risk premiums in the US market: As you can see, I arrive at premiums ranging from 4.12% to 13.08%, depending upon my estimation choices on time period, treasury rate used and averaging approach, but I don't use any of these numbers as my estimate for the future for two reasons.

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Valuation Treasury Investments Forecasting 96

PYMNTS

JANUARY 7, 2020

Artificial intelligence (AI)-powered FinTech Software as a Service (SaaS) firm HighRadius raised $125 million in a Series B growth funding round, giving it a unicorn valuation, the company announced on Tuesday (Jan. The funding was led by ICONIQ Capital, with participation from existing investors Susquehanna Growth Equity and Citi Ventures.

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Treasury Forecasting Valuation Investments 52

PYMNTS

JANUARY 7, 2020

Artificial intelligence (AI)-powered FinTech Software as a Service (SaaS) firm HighRadius raised $125 million in a Series B growth funding round, giving it a unicorn valuation, the company announced on Tuesday (Jan. The funding was led by ICONIQ Capital, with participation from existing investors Susquehanna Growth Equity and Citi Ventures.

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Treasury Forecasting Valuation Investments 52

PYMNTS

OCTOBER 18, 2020

Buxton previously worked for cloud application monitoring platform Datadog as VP of finance, where he led the company to a $9 billion valuation and a current market capitalization of upwards of $25 billion, with the number of employees growing from 100 to 2,000 during his tenure, the release says.

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PYMNTS

JULY 15, 2020

The company had initially aimed to raise 700,000 pounds ($881,000) at a valuation of 12 million pounds ($15.1 The aim of Coconut is to offer micro-business accounting services and have their assets as well as funds be more effective through the help of smart treasury management. million pounds ($3.15 It notched 1.8 million pounds ($2.27

Accounting 64

Accounting Valuation Treasury Banking 64

Simply Treasury

FEBRUARY 27, 2020

However, with a good counterparty risk the return is hardly better, and even often, still negative with, as a bonus on top, an intermediate volatility for those who report in IFRS (because of quarterly mark-to-market valuations). This interim volatility arises even if they keep the bonds until their redemption.

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IFRS CFO Auditing Valuation 130

PYMNTS

JANUARY 22, 2021

TransferWise is expected to blow past last year’s valuation of $5 billion by the time it files in London. Lori Schwartz, managing director, head of EMEA liquidity solutions and global liquidity product solutions specialists, treasury services at J.P. Red Robin Turns Onboarding Data Into A 'Day One' Personalized Loyalty Experience.

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Valuation Treasury Leverage Planning 68