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M&A Quarterly News In The Financial Services Industry Sector

By David Sinyard | May 04, 2018

The report below presents you with a good overview of the second quarter M&A activity in the Financial Services Industry Sector.  M&A activity for North American based target companies in the Financial Services sector for Q1 2018 included 163 closed deals, according to data published by industry data tracker FactSet.

One of the notable transactions of the quarter was announced in January when Imperalis Holding Corp. acquired The Crypto Currency Mining Co, Inc. for US$175.3 million in stock. The acquisition would enable Imperalis Holding Corp to expand its crypto business. The Crypto Currency Mining Co. provides bitcoin mining services. Bitcoin is a peer-to-peer electronic cash system and is operated by a software that process transactions, secure the network, and keep the system synchronized.

Crypto currency trading was uneven in Q1 as prices swung heavily from month to month.

Industry Indicators

  • US corporate profits, an indicator of corporate demand for financial planning and investment advising, rose 5.4% in the third quarter of 2017 compared to the same period in 2016.
  • The bank prime loan rate, a tool for financial planners and investment advisers was 4.5% as of the week ending March 9, 2018, up from a rate of 3.75% the same week in 2017.
  • US personal income, which is a driver for financial planning and investment services, rose 3.8% in January 2018 compared to the same month in 2017.
  • Total US revenue for other financial investment activities, which includes financial planners and investment advisors, rose 12.3% in the fourth quarter of 2017 compared to the previous year.

Posted by David Sinyard.

Read the Entire Financial Services 2nd Quarter Newsletter Here


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