Industrials
Name the 3 M&A Advisory Services offerings.
What is buy-side M&A, sell-side M&A, and fairness opinions?
Name a couple of tasks that make up a "day in the life" of a Financial Services intern/analyst.
Deal execution, pitch/model development, portfolio management, prospecting, recurring tasks (such as earnings reviews & market updates).
What does the acronym "EPS" mean?
The name of Key's Healthcare group.
What is Cain Brothers?
The CEO of KeyBank.
Who is Chris Gorman?
The Industrials team spends ~80% of their time on this "side."
What is sell-side?
The types of companies the Financial Services team usually works with.
What are insurance companies?
What does the acronym "EBITDA" mean?
Define B2B and B2C.
B2B - business to business.
B2C - business to consumer.
The President of the Institutional Bank.
Who is Randy Paine?
The main "Product Partner" for the Industrials team.
What is M&A?
The number of people on the Financial Services team.
6 people - 1 analyst, 1 associate, 1 VP, 1 director, 1 managing director, 1 segment head.
Briefly define what equity is.
An ownership stake in a company.
A way that a hedge fund differs from investment banking (in terms of culture and work style).
Hedge fund - more individualistic, less team work, main goal is to make money
Investment banking - more team-oriented, lots of working with people
A more official name for buy-and-sell side M&A offerings.
Explain buy-side vs. sell-side.
Buy - Advise clients on potential acquisitions.
Sell - Advise clients on sale of business.
Discuss what happens to your money when you deposit it in a bank.
The bank loans your money to other customers, and those customers who take out loans pay fees via "interest."
Briefly define what depreciation is.
The gradual decline in value of an asset over its useful life.
Name a few sectors of Cain Brothers / different areas they do deals in.
Hospitals, Medical Devices, Home Healthcare.
The thing most people have said is their favorite part of working at Key.
What is the people and the Midwestern culture?
This is what the smaller groups within the entire Industrials coverage group are called.
What are sub-verticals?
Name the segment head / person who oversees Financial Services as well as Financial Sponsors and Real Estate Investment Banking.
David Gorden.
Define the difference between an IPO and a follow-on offering.
IPO - initial offering of shares to the public. The IPO officially makes the company a public company on the stock market.
Follow-on - additional offering of shares once the company has gone public.
Define the history/relationship of Key and Cain Brothers.
Key was acquired by Cain Brothers in 2017.
Define what a bulge bracket bank is, and name a few of them.
Examples - JP Morgan, Goldman Sachs, Bank of America
A bulge bracket is a firm that services very large and wealthy clients, including governments and other large corporations.