The S&P 500 Could Gain Another 10% Next Year " … Will a reviving economy, low interest rates and increasing digitization lead to more deals in 2021? See also: Benzinga's Bulls And Bears Of The Week: Comcast, DoorDash, Exxon, Moderna, Tesla And More. According to McKinsey, the answer is growth. 05-January-2021 ... the Australian privately held emerging diversified cyber security group, is actively assessing two potential mergers ahead of an initial public offering (IPO) in 12-18 months’ time, Director John Hannaford said. The BB&T’s acquisition of SunTrust Banks Inc. is the only large banking sector buy to make waves on Wall Street so far this year. Shares of Churchill Capital Corp IV jumped some 20% on Monday amid continued optimism for a merger with EV Lucid Motors. Among them, Comerica Inc. (NYSE:CMA), Citizen’s Financial Group (NYSE:CFG), Fifth Third Bancorp (NASDAQ:FITB), Regions Financial (NYSE:RF), and KeyCorp (NYSE:KEY) look like prime targets. As of this writing, the author did not hold a position in any of the aforementioned securities. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. Expect surge in mergers of equals in '21, industry veteran says Robert Kafafian says he's hearing more MOE chatter now than at any time in his decades-long career as a consultant. Go to the homepage. Get the latest mergers and acquisitions (M&A) news, including recent consolidations, hostile takeovers, and other corporate deals, from Reuters.com. So says "The Dogs of the Dow Stock-Picking Strategy Didn't Work This Year" by Al Root. Our expert advisors establish an executable plan for healthy company growth and value-added exit from our clients legacy businesses. Back then, Deloitte analysts pointed to lower valuations and merger-friendly tax reform as reasons for more consolidation within the sector; but so far those predictions haven’t materialized. According to McKinsey & Co, bank stocks are in a precarious position. By Thomas Yeung , CFA, InvestorPlace Markets Analyst Jan 25, 2021… Bank stocks with low ROE could be open to a sale, as they would see the most benefit from the cost synergies that the new organization would provide. Next Year Could See Even More Deals, Apple Earnings Preview: On Track To Top $100B Revenue Amid Strong Uptake Of iPhone 12, How To Use Options Spreads To Trade Facebook And Apple Earnings On Wednesday, Nancy Pelosi Buys Tesla Calls, Stands To Benefit From New Biden EV Plan, 10 Information Technology Stocks Showing Unusual Options Activity In Today's Session. Part of the reason for that has been a lack of necessity— most banks aren’t willing to give up their own identity for the sake of a merger unless they’re in a tight spot. However, RBI notified it in the late March through its circular to merge banks in the new financial year (1st April 2020). In "Comcast's Sprawling Business Could Add Up to a Great Reopening Play," Daren Fonda points out that Comcast Corporation (NASDAQ: CMCSA) shares have long trailed rivals like Disney and Charter Communications, but its wide collection of assets, from theme parks to sports channels, are well positioned for a post-pandemic world. Will that include Boeing Co (NYSE: BA)? Further gains look riskier. While smaller banks have some incentive to increase their footprints, those with assets well above $50 billion will see the most benefit from a merger. Updated: 01 Apr 2020, 08:18 AM IST Edited By Sangeeta Ojha. Everything you need to know about the market - quick & easy. The announcement of this mega-merger was made by Union Finance Minister Nirmala Sitharaman in 2019. Our US bank mergers and acquisitions table below allows you to sort, print and export the relevant merger activity. With those criteria in mind, there are a handful of regional bank stocks to consider. The rumors of a Deutsche Bank merger with Commerzbank quickly flared up again, or an alternative version of UBS taking over former German national champion. Notice of Formation and Mergers of, and Acquisitions by, Bank Holding Companies or Savings and Loan Holding Companies; Change in Bank Control . See how the picks also provide some downside protection if the stock market falters next year. While smaller banks have some incentive to increase their footprints, those with assets well above $50 billion will see the most benefit from a merger. Banks that are considering a deal could be feeling some time pressure, too. Smart options traders used the Wall Street rumor mill to make bank. Disclaimer: The above should not be considered trading advice from CCN.com, Bank stocks could see a flurry of M&A action. Its investors, especially Softbank’s Masayoshi Son, were reportedly pushing for the firms to join forces, to avoid burning more cash and eventually hit profitability. Reports of a potential merger with either Commerzbank or UBS as fiction. A combination of the businesses, however, wouldn’t be easy. With all of that in mind, McKinsey sees a flurry of M&A activity surrounding bank stocks in the year ahead. Benzinga does not provide investment advice. He cited smaller banks' need to cut costs, improve tech offerings and compete with bigger lenders. "The S&P 500 Could Gain Another 10% Next Year" by Nicholas Jasinski indicates that even as the market hits new highs, a Barron's panel of experts sees room for stocks to rise in 2021 as COVID-19 is vanquished and the economy reopens. Introducing Merger Bylaw 2068 (2011), Nepal Rastra Bank (NRB) encouraged all the Banks and Financial Institutions (BFIs) for the merger. What’s a traditional bank to do? Regional banks are likely to be the first to combine as the industry starts to consolidate because regulators are unlikely to allow any major acquisitions among the top-tier banks. In "The Market Has Seen Big Gains in 2020. Huntington CEO Stephen Steinour will remain board chair, president and CEO of the bank holding company and president and CEO of the bank. View upcoming Earnings, Ratings, Dividend and Economic Calendars. Release Date: January 15, 2021. However, the biggest headwind for stocks such as Apple Inc (NASDAQ: AAPL) is simple: They look way too expensive. Suara.com - Gojek dan Tokopedia, dua perusahaan rintisan terkemuka Indonesia, dikabarkan sedang bernegosiasi untuk bergabung alias merger sebelum melantai di bursa Jakarta serta Amerika Serikat. The consulting firm said it believes that more than half of the world’s banks are unlikely to survive an economic downturn, as their costs have begun to outpace returns on equity. Seattle, Washington, United States About Blog Investment Bank is a Middle-market investment bank focused on buy and sell-side mergers and acquisitions for company owners and founders. In Eric J. Savitz' "After a Big Year for Tech Stocks, 2021 Looks Very Different," the case is made that the landscape for tech will become trickier in the coming year, with regulatory challenges and rising rates. At this late stage in the economic cycle, the firm said, banks must be considering mergers in order to realize cost synergies, free up cash, and invest in the future. On top of that, share price will probably play a role in who’s being hunted as potential acquirers will be looking for a good deal. Former Spirit Airlines CEO Ben Baldanza says a U.S. airline will declare bankruptcy in 2021, and two smaller airlines will merge. Next Year Will Bring New Surprises, Banks Have Begun to Merge Again. Next Year Could See Even More Deals" ponders, after this past week's announced acquisition of TCF Financial Corp (NASDAQ: TCF), whether bank merger activity has resumed after a long pause. Also, the prospects for a media and tech giant, hypergrowth stocks, bank mergers and more. " Berseberangan dengan rumor sebelumnya yang mengatakan, Gojek dipinang untuk merger dengan Grab. The coming year could be even better. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. That’s because the FDIC has more rigorous standards for banks with assets over $50 billion, so those who are near or below that level will be hesitant to expose themselves to the regulatory headache and resulting costs of entering the new bracket. Create one. Jika merger terwujud, demikian dilaporkan Reuters Selasa (5/1/2021), valuasi perusaan baru itu akan sekitar 18 miliar dolar Amerika Serikat atau sekitar Rp 250,2 triliun. Updated : January 13th, 2021 Government of India (GoI) has consolidated 10 Public Sector Banks into 4 banks. But the likelihood of a second round of airline subsidies has gone up, and my expectations for summer 2021 air travel are more optimistic than Baldanza’s. Further gains look riskier. The rumors of a merger have been circulating for months. Privacy Policy / Do Not Sell My Personal Data, Whether all the good news is baked into stocks, How S&P 500 changes have revived the indexing debate, Whether the coming European rebound will be a weak one, How the stars are aligning for emerging market growth stocks, How the options market could get even crazier in 2021, Robinhood's hurdles to its next stage of growth, How to fix America's yawning retirement gap, Whether lawmakers are on the verge of passing new stimulus bill, Stocks benefiting from China's surging economy. At the time of this writing, the author had no position in the mentioned equities. All rights reserved. A daily collection of all things fintech, interesting developments and market updates. Sewing moved to nip the speculation in the bud: ««I don’t have any indication of that,» he said in German press, according to «Reuters». © 2021 Benzinga.com. Posted-In: Amazon Amazon.com Apple Barron's Boeing ComcastMedia Trading Ideas Best of Benzinga, Thank you for subscribing! However, new additions include JPMorgan Chase & Co. (NYSE: JPM). More than half of the world’s banks are too weak to survive a downturn, McKinsey says https://t.co/GTu2sWA4MC, — Bloomberg Markets (@markets) October 22, 2019. However, the banks have … Many believed it would pave the road for more M&A activity among bank stocks, but so far there’s been little movement on that front. The latest news coverage on mergers and acquisitions from MarketWatch. All of the latest mergers and acquisitions, posted as they are announced, from The Online Investor. This list can be sequenced by merger date, non-survivor institution, non-survivor state, merger transformation type, method (banks only), survivor institution, survivor state by clicking on the label at the head of the column. Following is a comprehensive list of recent Bank Mergers and Acquisitions by non-survivor institution. Lucid is in talks with the Public Release. Ketua Umum Yayasan Next Indonesia Unicorn (NextICorn) Daniel Tumiwa mengatakan, melihat keduanya saat ini, baik Gojek maupun Tokopedia, jika bergabung maka akan menghasilkan fundamental bisnis yang jauh … If McKinsey’s forecast is anything to go on, now is the time to start evaluating potential takeover targets in the banking sector. The announcement last week that BB&T and SunTrust will join forces, forming the sixth-largest US bank… With $5.6 billion in cash on the balance sheet, PNC’s management could be looking to increase its presence by acquiring one of its smaller peers. The firm pointed to rising competition for customers, as fintech gains momentum and big names like Amazon (NASDAQ:AMZN) start to poach would-be customers. Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter. That prediction aligns with what Deloitte forecast at the beginning of 2019. However, as the financial sector becomes increasingly vulnerable to competition, consolidation among bank stocks is looking much more likely. "DraftKings and Square Are Growth Stocks With Ambitions to Be Like Amazon" by Jack Hough suggests that while hypergrowers such as Draftkings Inc (NASDAQ: DKNG) and Square Inc(NYSE: SQ) can be difficult to value, understanding where they see opportunities for gains is a good start. CIT’s post-merger news market cap was about … Following NRB guidelines, several commercial banks in Nepal have undergone merger and acquisition. Don't have a Benzinga account? Andrew Bary's "Our Top 10 Stocks for the New Year" shows that the Barron's list for 2021 again has a value bent and includes two returning companies and eight new ones, including Goldman Sachs Group Inc (NYSE: GS) and Merck & Co., Inc. (NYSE: MRK). After the successful merger between Global IME Bank and Janata Bank, there are currently 27 commercial banks in Nepal. After a decade-long lull, flashy mergers between American banks are back. Considering how bad things looked for dividends earlier in the pandemic, 2020 has turned out to be a serviceable year for equity income investors, according to Lawrence C. Strauss' "Dividends and Buybacks Look Poised for a 2021 Rebound." The merger is expected to close in the second quarter of 2021. Merger of 10 public sector banks to come into effect from today: 10 points 1 min read. It appears that several of the high-yielding 2020 Dogs of the Dow, including Verizon Communications Inc. (NYSE: VZ), will carry over into 2021 list. While predicting M&A activity is far from an exact science, there are a few qualities that make some bank stocks look more vulnerable to a sale than others. 6 Banks PNC Might Want to Buy PNC recently came into a large amount of cash after selling its entire stake in BlackRock, making it clear that it is looking to make a big deal. Philippine Daily Inquirer / 05:14 PM January 20, 2021 MANILA, Philippines—Ayala-led Bank of the Philippine Islands (BPI) is set to merge with its thrift bank arm, BPI Family Savings Bank (BFSB), to unlock synergies that will benefit stakeholders. The most likely acquirer of the bank would be Fifth Third Bancorp of Cincinnati, at a price of $53, Mr. Hanley told clients through his sales force.. Huntington, like most midsize banks, has always been the subject of merger rumors, but speculation dogs the company more than it has before. New Jersey Bank Mergers as of 1/21/2021: Order List by: Bank Acquired, Date Completed download list as spreadsheet: Bank Being Acquired: City: Acquiring Bank: City: Date Completed: Name of Surviving Bank In fact, people inside Goldman have long contemplated a merger with U.S. Bancorp, but its market capitalization of $92 billion is roughly the same as … Business turmoil triggered by the pandemic may have paused the flurry of mergers and acquisitions (M&A) that have marked the third party logistics (3PL) sector in recent years, but investors are now looking at 2021 as a year when they can resume pumping new funds into the industry, a panel of speakers said today. JAKARTA - Rencana merger Gojek dengan Tokopedia lebih mendapat sambutan positif. Release Release dates About Updates to current release Search. However, slumping share prices have created pockets of value among regional U.S. banks, and Bank of America says rumors among hedge fund managers suggest interest in merger activity has picked up. Mergers and Acquisitions Personal Finance Rumors ... and it will own more of the post-merger bank. We assist growing companies. Carleton English's "Banks Have Begun to Merge Again. Back in December of 2019, Fiat Chrysler Automobiles (FCA) and Peugeot S.A. (PSA) came to an agreement to complete a 50:50 merger. All five have P/E ratios below 12, and though CMA is an outlier with ROE of 16%, the other four are all below 12%. The S&P 500 Could Gain Another 10% Next Year, Comcast's Sprawling Business Could Add Up to a Great Reopening Play, The Dogs of the Dow Stock-Picking Strategy Didn't Work This Year, After a Big Year for Tech Stocks, 2021 Looks Very Different, DraftKings and Square Are Growth Stocks With Ambitions to Be Like Amazon, Benzinga's Bulls And Bears Of The Week: Comcast, DoorDash, Exxon, Moderna, Tesla And More, Dividends and Buybacks Look Poised for a 2021 Rebound, The Market Has Seen Big Gains in 2020. Then, as we reported last summer, the two automakers announced that the new company would be called “Stellantis” when the merger was completed in early 2021.Now, as the FCA Peugeot merger nears completion, it means increased worldwide competition … Another bank stock to have on your radar is Pittsburgh’s PNC Bank (NYSE:PNC), which will lose its position as the ninth-largest bank by assets once the BBT/SunTrust deal is final. | Credit: Reuters/Brendan McDermid, Deloitte forecast at the beginning of 2019, 3 Reasons Why the Invesco ETF (QQQ) Can Outperform the Stock Market This Week, The U.S. Yield Curve Tells Us That a Devastating Recession Is Unavoidable, Hacked.com - Protection against online abuse and Cybercrime. Find out what part Amazon.com, Inc. (NASDAQ: AMZN), Tesla Inc (NASDAQ: TSLA) and more may play in that rise. Here's a look at which ones are likely to become acquisition targets. The next factor to look at is return on equity. 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