Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Royal Bank of Canada managed to exceed analyst expectations in terms of revenue and earnings.</li><li>Revenue increased by 19% to $14.5 billion because of the strength of their diversified business strategy, which delivered revenue growth across all of their businesses.</li><li>In Corporate Banking and Investment Banking, the Royal Bank of Canada kept moving its operations toward globalization and expanded the range of industries and products it served.</li></ul>

Royal Bank of Canada managed to exceed analyst expectations in terms of revenue and earnings.Revenue increased by 19% to $14.5 billion because of the strength of their diversified business strategy, which delivered revenue growth across all of their businesses.In Corporate Banking and Investment Banking, the Royal Bank of Canada kept moving its operations toward globalization and expanded the range of industries and products it served.

Royal Bank of Canada: Exploring the Global Markets for Rapid Expansion! - Major Drivers

Equity Capital Markets

Royal Bank Of Canada / Equity Capital Markets

<ul><li>Royal Bank of Canada delivered a mixed set of results for the previous quarter with revenues above the analyst consensus.</li><li>Capital Markets had another solid quarter despite a challenging climate for global investment banking fee pools.</li><li>Besides, the entrenched benefits of their structural low-beta core deposit business persisted this quarter, indicating the latent impact of recent interest rate increases.</li></ul>

Royal Bank of Canada delivered a mixed set of results for the previous quarter with revenues above the analyst consensus.Capital Markets had another solid quarter despite a challenging climate for global investment banking fee pools.Besides, the entrenched benefits of their structural low-beta core deposit business persisted this quarter, indicating the latent impact of recent interest rate increases.

Royal Bank of Canada: Is It Underperforming Versus Its Canadian Rivals? – Key Drivers

<ul><li>This is our first report on the Royal Bank of Canada, one of the top 2 banks in the country.</li><li>This quarter's performance included significant capital markets revenue, led by excellent Global Markets results, as well as market share improvements in Investment Banking and origination operations across the sector.</li><li>We initiate coverage on the stock of the Royal Bank of Canada with a 'Buy' rating.</li></ul>

This is our first report on the Royal Bank of Canada, one of the top 2 banks in the country.This quarter's performance included significant capital markets revenue, led by excellent Global Markets results, as well as market share improvements in Investment Banking and origination operations across the sector.We initiate coverage on the stock of the Royal Bank of Canada with a 'Buy' rating.

Royal Bank of Canada: Initiation of Coverage – Canadian Banking Market Dynamics

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/brewin-dolphin-holdings-plc" target="_blank" data-smartkarma-citation="entities:21853:1" rel="noopener">Brewin Dolphin Holdings (BRW LN)</a> has agreed to be acquired by RBC (scheme of arrangement). Consideration is 515p/share in cash, cum dividend; it represents a 62% premium.</li>
<li>The offer represents 3.2x forward sales vs. 2.9x for the median of comparables (source: Capital IQ consensus). The offer also represents 2.8% of AuM (vs. a common multiple of 2.5%).</li>
<li>Consideration looks fair. The market believes there will be a deal; gross spread is an unexciting (in my view) 0.58%, 1.19% annualised (assuming settlement on 30 September).</li>
</ul>



Brewin Dolphin Holdings (BRW LN) has agreed to be acquired by RBC (scheme of arrangement). Consideration is 515p/share in cash, cum dividend; it represents a 62% premium.
The offer represents 3.2x forward sales vs. 2.9x for the median of comparables (source: Capital IQ consensus). The offer also represents 2.8% of AuM (vs. a common multiple of 2.5%).
Consideration looks fair. The market believes there will be a deal; gross spread is an unexciting (in my view) 0.58%, 1.19% annualised (assuming settlement on 30 September).


Royal Bank of Canada/Brewin Dolphin Holdings: Agreed Offer

Stock Market News, Outlooks, and Top Picks, Cappuccino Finance

Cappuccino Finance

Stock Market News, Outlooks, and Top Picks

Cappuccino Finance, provides Financial vignettes for your cappuccino break!

Fun & informational articles to read in 10 min or less.

British American Tobacco  / Equity Bottom-Up

<ul><li>British American Tobacco is one of the leading tobacco companies in the world. They operate in 180 countries around the world, and have 12% of market share in the industry (2nd most)</li><li>Along with their biggest rival, Toronto-Dominion, Royal Bank of Canada is one of my favorite stocks. </li><li>Larger military budgets around the world means more revenue for defense contractors like Raytheon</li></ul>

British American Tobacco is one of the leading tobacco companies in the world. They operate in 180 countries around the world, and have 12% of market share in the industry (2nd most)Along with their biggest rival, Toronto-Dominion, Royal Bank of Canada is one of my favorite stocks. Larger military budgets around the world means more revenue for defense contractors like Raytheon

Top Picks for Dividend Growth Stock - Mar 2022

United States

Royal Bank of Canada is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services. Royal Bank offers its services to personal, business, public sector and institutional clients with operations worldwide.

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Royal Bank Of Canada (RY CN)

Royal Bank of Canada: Exploring the Global Markets for Rapid Expansion! - Major Drivers

Royal Bank of Canada managed to exceed analyst expectations in terms of revenue and earnings. Revenue increased by 19% to $14.5 billion because of...

Baptista Research

Royal Bank of Canada: Is It Underperforming Versus Its Canadian Rivals? – Key Drivers

Royal Bank of Canada delivered a mixed set of results for the previous quarter with revenues above the analyst consensus. Capital Markets had...

Baptista Research

Royal Bank of Canada: Initiation of Coverage – Canadian Banking Market Dynamics

This is our first report on the Royal Bank of Canada, one of the top 2 banks in the country. This quarter's performance included significant...

Baptista Research

Royal Bank of Canada/Brewin Dolphin Holdings: Agreed Offer

Brewin Dolphin has agreed to a £1.6 billion takeover offer by RBC to be implemented by a Scheme of Arrangement. Consideration looks fair. Gross...

Jesus Rodriguez Aguilar

Top Picks for Dividend Growth Stock - Mar 2022

British American Tobacco is one of the leading tobacco companies in the world. They operate in 180 countries around the world, and have 12% of...

Cappuccino Finance

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