Greenhill & Co., Inc.
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The Upside Potential for This Investment Bank
By Anh HOANG - May 13, 2013 | Tickers: EVR, GHL, LAZ
Lazard (NYSE: LAZ) has been quite a volatile stock during the past ten years, with a lot of ups and downs. Since the beginning of the year, Lazard has just gained nearly 10%, much lower than the S&P 500’s return of more than 14%. However, many investors seem to be bullish about this investment bank. T. Rowe Price held more than 10.25 million shares, accounting for 8 more »
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Betting on Boutique Investment Banks
By Federico Zaldua - April 25, 2013 | Tickers: EVR, GHL, LAZ
Big Investment banking firms such as Morgan Stanley, Barclays or even the almighty Goldman Sachs have shown that they are houses where conflicts of interests abound (think of Goldman's scandalous CDO pre-crisis structuring).
The crisis that wiped off Lehman Brothers also generated a historic opportunity for smaller investments banks. From then on, smaller firms could grab a bigger chunk of the total banking fee pie (coming from restructurings, M more »
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iBanking: An Analysis of 2 Investment Boutiques
By Maxwell Fisher - October 30, 2012 | Tickers: EVR, GHL, JEF, LAZ
The 2000’s were a tough time for investment bankers toiling in the traditional advisory areas. In the wake of Sandy Weil’s game of chicken with the U.S. Congress that led to the repeal of Glass-Steagall, commercial banks encroached on the turf of the investment banks and the investment banks responded by bulking up. It was the decade of the trader, VaR exploded as banks embraced risk and more »
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Ouch! Greenhill & Co. Got Hit Hard this Past Quarter
By Tyler Crowe - July 22, 2012 | Tickers: EVR, GS, GHL, LAZ
The world of M&A advisory has not been kind as of late. Bloomberg is reporting that there has been a 22% reduction in deals. Even worse, the total value of those deals is falling even sharper. Why is this happening? Well, the less than appetizing cocktail of market volatility, uncertain political futures, and that elephant in the room known as the Eurozone crisis have all lent a hand in more »