Отрасли
Investment Banking
Вся аналитика по отрасли Investment Banking — 3 материалов.
41/100
83Buffett
Houlihan Lokey: Deal Count Held, Fee Density Did Not, and the Restructuring Hedge Is Dormant
Houlihan Lokey is an independent advisory investment bank that earns transaction, restructuring and valuation fees without a trading book or a loan portfolio, with fiscal 2026 revenue of 2.618 billion USD split across Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The record year ended badly. Fiscal Q1 2027 revenue fell 15.6% to 511 million USD even though Corporate Finance closed 127 transactions against 125 a year earlier, because revenue per closing dropped from about 3.19 million USD to 2.39 million USD, while the restructuring hedge stayed quiet at a 2.70% high-yield spread. Rating Hold: at 127.01 USD the stock no longer carries a peer premium, but a 5.0% conservative owner-earnings yield against a 4.72% Treasury leaves no margin of safety above the 86 to 89 USD ideal buy range.
45/100
55Buffett
Goldman Sachs Group Deep Value Investing Analysis
A top-tier global investment bank paired with an asset and wealth management platform, with ROE rising to 15.0% in 2025; at the current price of $996.73 the stock already sits near the top of the optimistic range (2.76x book value), leaving no clear margin of safety. Rating: Watch.
46/100
68Buffett
Morgan Stanley Deep Value Investment Research Report
Morgan Stanley is a global integrated financial platform with $7.38 trillion in Wealth Management client assets and 21.6% ROTCE in 2025. At the current price of $201.07, the stock is close to the upper end of the bull-case range at 3.9x TBVPS, leaving no obvious margin of safety. Research rating Watch: a high-quality franchise worth tracking, but the current valuation already prices in much of the improvement.