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FIRE 311 Study Guide - Midterm Guide: Wells Fargo, Jpmorgan Chase, Cash Flow Statement

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blushsnake623
14 Apr 2020
School
VCU
Department
Finance, Insurance and Real Estate
Course
FIRE 311
Professor
Sang Hoon Ann

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Document Summary

Three sets of players in financial markets: borrowers (individuals & businesses), savers (individual investors), & financial institutions (intermediaries, ex. Commercial banks, insurance companies, investment banks, investment companies, and finance companies) Money market: markets for short-term debt instruments, with maturities of one year or less. Capital market: markets for long-term debt and equity instruments (common/preferred stock, bonds) 4 largest commercial banks: jpmorgan chase & co. , bank of america corp. , wells fargo bank, and citigroup, May guarantee to reimburse lenders should lenders" loans go into default. Do not only invest their reserves in interest paying bank accounts under federal law. Mutual funds: professionally managed according to a stated investment objective. Individuals can invest in virtually all of the securities offered in the financial market. Exchange-traded fund (etf): similar to mutual fund except the ownership of shares in the etf can be bought and sold on the stock exchange throughout the day.

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Related Questions

Many businesses find it generally more efficient to enlist the services of a financial institution when it comes time to raise capital: IE. Investment Banks: An organization that underwrites and distributes new investment securities and helps business obtain financing. Commercial Banks: The traditional department store type of financing serving a variety of savers and borrowers. Financial Service Corporations: A firm that offers a wide range of financial services, including investment banking, brokerage operations, insurance, and commercial banking. Credit Unions: Cooperative association whose members have a common bond such as employees of the same firm. Pension Funds: Retirement plans funded by corporations or government agencies. Life Insurance Companies: Take annual premium payments and invest these funds in stocks, bonds, or real estate and make payments to beneficiaries of the insured parties. Mutual Funds: Corporations that accept money from savers and then use these funds to buy stocks, long-term bonds, or short-term debt issued by business or government. They typically pool funds to reduce risk by diversification. Exchange Traded Funds (ETFs): Buy a portfolio of stocks of a certain type of business sector. IE. media companies, oil companies, Chinese companies, etc. and then sell their own shares to the public. Hedge Funds: Not regulated by the Securities and Exchange Commission (SEC). Typically have large minimum investments of over $1 million and marketed to individuals an institutions with high net worth. Private Equity Companies: Target, buy, and then manage entire firms. Most of the money used to buy these companies is borrowed. Why are the various financial instruments considered claims against a company's future cash flows ?