Latest news with #financialdata
Forbes
3 days ago
- Business
- Forbes
2025 Global 2000 Methodology
JP Morgan Chase ranked No. 1 on the Global 2000 in 2024, 2023 and 2022. Corbis via Getty Images For the 22nd consecutive year, Forbes is ranking the world's largest public companies. We compile our Global 2000 list using data from FactSet to screen for the biggest public companies in four metrics: sales, profits, assets and market value. Our market value calculation is as of April 25, 2025, closing prices and includes all common shares outstanding. All figures are consolidated and in U.S. dollars. We use the latest-12-months' financial data available to us on April 25, 2025. We rely heavily on the databases for all data, as well as the latest financial period available for our rankings. Many factors play into which financial period of data is available for the companies and used in our rankings: the timeliness of our data collection/screening and company reporting policies, country-specific reporting policies and the lag time between when a company releases its financial data and when the databases capture it for screening/ranking. We quality-check the downloaded financial data to the best of our ability using other data sources and available company financial statements. We first create four separate lists of the 2000 biggest companies in each of the metrics: sales, profits, assets, and market value. Each of the 2000 lists has a minimum cutoff value in order for a company to qualify: sales $5.9 billion, profits of $399 million, assets of $14.1 billion and market value of $7.9 billion. A company needs to qualify for at least one of the lists to be eligible for the final Global 2000 ranking. This year 3,385 companies were needed to fill out the four lists of 2000, each company qualifying for at least one of the lists. Each company receives a separate score for each metric based on where in ranks on the metric's 2000 list. We add up all the scores for all four metrics (equally weighted) and compile a composite score for each company based on their rankings for sales, profits, assets and market value. We sort the companies in descending order by the highest composite score and then apply our Forbes Global 2000 rank. The highest composite score gets the highest rank. Publicly traded subsidiaries for which the parent company consolidates figures are excluded from our list. For most countries, the accounting rules for the consolidation of a subsidiary is when the parent's ownership (control) of the subsidiaries stock is more than 50%. Some countries accounting rules allow for the consolidation of a subsidiary at less than 50% ownership. We exclude companies where we don't have access to reliable or timely data—this year, that included Russian companies, which do not have financial data reported on FactSet or other reliable data sources since prior to Russia's invasion of Ukraine in early 2022.
Finextra
4 days ago
- Business
- Finextra
CFPB to ditch open banking rule
The Financial Technology Association (FTA) has hit out at US regulators over plans to rescind open banking rules, calling the move a "handout to Wall Street banks". 1 In a legal filing, the Consumer Financial Protection Bureau (CFPB) says it will petition a court to have the 1033 open banking rule rescinded. The CFPB only published the Personal Financial Data Rights final rule in October, giving Americans the right to instruct their banks to share their financial data with third party providers. However, the plan has long proved unpopular with many in the traditional financial industry and banks have taken advantage of the change in administration to raise concerns about potential liability for data breaches and the ability to charge for access to data. At the beginning of May, reports surfaced suggesting that Wall Street was likely to get its way, with the CFPB looking to amended or eliminated the rule. It is now moving ahead with elimination. Penny Lee, CEO, FTA, says: "Vacating the 1033 rule is a handout to Wall Street banks, who are trying to limit competition and debank Americans from digital financial services. Americans must have the right to control their financial lives, not the nation's biggest banks." For the CFPB, this is the latest example of a starkly different approach under Trump as it scales back its activities and reverses previous positions under acting Director Russell Vought. In March it ditched an interpretive rule declaring that pay-in-four BNPL lenders should be treated in the same way as credit cards. In recent weeks it has also dropped a host of lawsuits, including against JPMorgan Chase, Bank of America and Wells Fargo over fraud on the Zelle P2P payments network. Meanwhile, a rule that would give the watchdog oversight of tech giants such as Apple, Google and X, that offer digital payment apps and wallets has been killed off by the Senate and House of Representatives.
Yahoo
6 days ago
- Business
- Yahoo
When Should You Buy Cerus Corporation (NASDAQ:CERS)?
While Cerus Corporation (NASDAQ:CERS) might not have the largest market cap around , it received a lot of attention from a substantial price movement on the NASDAQGM over the last few months, increasing to US$1.86 at one point, and dropping to the lows of US$1.22. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Cerus' current trading price of US$1.25 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Cerus's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. According to our valuation model, Cerus seems to be fairly priced at around 11% below our intrinsic value, which means if you buy Cerus today, you'd be paying a fair price for it. And if you believe that the stock is really worth $1.40, then there's not much of an upside to gain from mispricing. So, is there another chance to buy low in the future? Given that Cerus's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for Cerus Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to grow by a double-digit 12% in the upcoming year, the short-term outlook is positive for Cerus. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? CERS's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value? Are you a potential investor? If you've been keeping tabs on CERS, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For example, we've discovered 2 warning signs that you should run your eye over to get a better picture of Cerus. If you are no longer interested in Cerus, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
At UK£57.85, Is It Time To Put Spirax Group plc (LON:SPX) On Your Watch List?
Spirax Group plc (LON:SPX), is not the largest company out there, but it saw significant share price movement during recent months on the LSE, rising to highs of UK£79.15 and falling to the lows of UK£54.45. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Spirax Group's current trading price of UK£57.85 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Spirax Group's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. We've discovered 1 warning sign about Spirax Group. View them for free. According to our valuation model, Spirax Group seems to be fairly priced at around 5.8% below our intrinsic value, which means if you buy Spirax Group today, you'd be paying a fair price for it. And if you believe the company's true value is £61.40, then there isn't much room for the share price grow beyond what it's currently trading. What's more, Spirax Group's share price may be more stable over time (relative to the market), as indicated by its low beta. View our latest analysis for Spirax Group Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 22% over the next couple of years, the future seems bright for Spirax Group. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? SPX's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value? Are you a potential investor? If you've been keeping an eye on SPX, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. In terms of investment risks, we've identified 1 warning sign with Spirax Group, and understanding this should be part of your investment process. If you are no longer interested in Spirax Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Times
21-05-2025
- Business
- Times
Bloomberg down: outage disrupts trading and delays debt sale
Bloomberg, a financial data platform used by traders across the world, reported blackouts on Wednesday morning, disrupting transactions and causing a delay to a UK debt auction. Traders and investors said they could no longer access live pricing from the terminal after 9am but had access to the system's internal messaging system, known as IB. The UK's Debt Management Office said it had extended an auction window for the sale of a four-year gilt to 11.30am due to 'ongoing market-wide Bloomberg system issues'. The causes of the disruption are not yet known. Bloomberg's $28,000-a-year terminal provides a swathe of live market pricing across all financial asset classes and is the main data and trading system used by financial institutions across the world. The company says
