Neil Sipes
@neil_sipes4
@Bloomberg Intelligence, Equity Analyst - Investment Banks, Brokers, Asset Managers. Opinions my own. Likes, RT's & Follows ≠ endorsements
$IVZ getting a dose of positive investor sentiment (stock up >20%) since planned conversion of $QQQ -- here's why. @kgreifeld
Invesco’s move to convert its famed tech fund QQQ into an open-ended structure could translate into a $150 million yearly windfall for the asset manager bloomberg.com/news/articles/…
Advisers, clients and their assets are generally flowing in one direction. If you're in the magenta piece of the US-wealth pie, like $LPLA, you're secularly well positioned. The data backs it up @cerulli_assoc
Wirehouses…continue to lose share. The regionals are maintaining, but the independent space is where advisers time and time and time again, are choosing to move their practice and that is where we are the leading player. $LPLA
$SCHW $20b buyback plan (11% mkt cap) unlocks EPS lever that was paused since 2023 cash sorting pressures. Has sizable excess capital (excluding aoci) and capital rule risk moderating
$IVZ only going to net out ~4 of 18 bps if $QQQ conversion succeeds, but even at that, still a needle mover on $350b+. A clear example of why scale is paramount in ETF land
🟡 SCOOP: Goldman Sachs CEO David Solomon is looking for big acquisitions. He held takeover talks with $25 billion Northern Trust earlier this year and nearly clinched a $6 billion deal for private-markets specialist Cliffwater, @lizrhoffman reports. semafor.com/article/07/21/…
Passive investing works because active investors make markets efficient Ken Griffin of @Citadel with @flacqua at BI Market Structure conference
from allison williams & co. at bloomberg intelligence JPM $ C in fixed income; JPM & MS in equities