Two of the largest U.S. banks reported their second-quarter earnings late last week, and while the earnings were as moderately strong as most analysts had expected, it was surprising how little attention was devoted to the Brexit both by bankers and analysts. That’s not surprising, since most ...
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U.S. markets have been up strongly yesterday and (thus far) today, as have British and European markets. Are there buying opportunities among the stocks that sold off sharply on Friday and Monday? Fewer than you might think. The selling on Friday and Monday wasn’t indiscriminate, and ...
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Here’s another piece of evidence for thinking Brexit may not hurt UK companies as much as many think: although there are uncertainties about what final shape the deal will take, the Brexit vote hasn’t even deterred the proposed merger of the London Stock Exchange Group and ...
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One fact that complicates my previous argument about Britain’s fortunes, post-Brexit, is the comparative underperformance of the FTSE 250, which tracks mid-cap companies. Such mid-caps are typically less globally oriented, compared to the larger companies in the FTSE 100. As the WSJ ...
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Over the next few days I will summarize some of our thinking at O’Brien Greene about the fallout from Britain’s vote to leave the EU. Let me begin with one observation. The EU needs Britain more than Britain needs the EU, and the “leave” vote is a greater threat to the ...
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