Investment Banking Series Post 6 Equity Story 1. What is it anyway? Equity Story is, in its essence, the reasoning why the particular stock should be bought by investors. It emphasizes the strong side of the company and places the stock in either the value or the growth category. In a nutshell, the value stock is expected to have little price appreciation, but pay out relatively high dividend, whereas the growth stock is expected to have a high appreciation potential, but not necessarily pay much dividend. How a stock is classified depends on several factors, such as where in the industry life cycle it is, what the macro conditions are, what industry it belongs to, or sometimes even if it has a hot buzzword in its description. For instance, a power generation company would usually be classified as a value stock: there is very little growth potential, but the cash flows are steady and not as much correlated with the economic conditions. An Internet portal or a biotech company ar...
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That's true it's not the best time to try to change your employer right now, especially in the financial services industry. And yes, I heard of many top-tier investment banks laying people off en mass.
But there are still some companies that hire, at least here in Japan.
Cant you see. He is working with large IBank of Japan. Read his profile "I am a humble investment banker (if such thing exists), working in a leading Japanese investment bank."
Lucky man.
The way SMBC invested in Barcleys, you can feel Yen rising again.
Came back to this blog after a long time. Good to see so many people participating.
So finally what is your status? Are you working with bluechip Ibank or got downsized?
Thanks for the CFA link
NP