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Finance: What is a Bulge Bracket Firm? 1 Views
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What is a Bulge Bracket Firm? The bulge bracket firm is the firm that issues the largest number of securities during an IPO or new issue. These are usually the biggest and most popular investment banks (JPMorgan, Goldman Sachs, etc.).
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Transcript
- 00:00
Finance a la shmoop what is a bulge bracket firm? no this has nothing to do [Weightwatchers appears]
- 00:08
with Weight Watchers Oprah or kale...bulge refers to the size of corporate banks
- 00:14
wallets and there are only a few investment banking firms who you know [man holding a wallet]
- 00:18
bulge... that's Goldman Sachs, JP Morgan, Morgan
- 00:21
Stanley and a few others some in Europe some in Asia none in Antarctica
Full Transcript
- 00:25
sorry penguins just keeping it real bulge is basically "everything for
- 00:30
everyone" these banks trade in the most obscure derivatives and enable
- 00:36
firms to raise literally any amount of money they want to raise cover every
- 00:40
need in asset management, tax planning, legal coverage and so on everything so
- 00:45
what's a non bulge or niche firm well it's one that specializes in a given
- 00:50
category or service famous example Allen and company specializes in the media [Examples of media business firms]
- 00:55
business Hollywood banking internet media things like tech the firm has less
- 01:00
than 100 people but it's a powerhouse in its domain just one of many specialty
- 01:04
firms the oil industry has its darlings so does tech, those are niche,
- 01:09
this is bulge....and this is a bulge Jenny Craig can you know help with that [Man in taco bell with a bulging tummy]
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