Mergers and acquisitions will continue to pick up their pace over the next 12 months. In the recently released EY Global Capital Confidence Barometer survey, more than three-quarters (83%) of senior-level executives surveyed said they plan to actively pursue M&A deals over the next 12 months, the highest level on the barometer in six years.
A new narrative about today's stock market is starting to take hold on Wall Street. It's a throwback to a time when many Wall Street titans had never even dreamed of investing — the 1960s conglomerate boom.
In the wake of the financial crisis, regulatory agencies were mandated power to better inspect and punish big banks. One of the ways Wall Street has tried to outmaneuver these agencies is by hiring away the same regulatory offices’ top staff.
The year 2014 was big for mergers and acquisitions (M&As) all over the world, seeing over $3.4 trillion worth of M&A-related activity — the most since the record $4.3 trillion of M&As in 2007. This was largely because of increased confidence in the overall market recovery, coupled with a strong stock market. The US alone registered a 54% year-over-year growth in M&A activity, which came out to be valued at $1.5 trillion in 2014.
Turn on financial television or pick up a financially related magazine or newspaper and you will hear or read about what some stock analyst from some major Wall Street brokerage has to say about the markets or a particular company. For the average person, and for most financial advisors, this information as taken as "fact" and is used as basis for portfolio investment decisions. But why wouldn't you? After all