Terminology

Terminology A market condition in which the prices of securities are falling or are expected to fall Bear Presenting a bid for a deal which involves directly competing against a number of other banks Beauty Parade A market in which prices of certain securities are rising or expected to rise Bull Dow Jones Industrial Average DJIA Earnings Before Interest, Tax, Depreciation and Amortisation EBIT Earnings Before Interest and Tax (also known as operating profit) EBITDA Earning per share. Total earnings divided by the number of shares outstanding EPS Financial Institutions Group FIG Financial Times Stock Exchange. An index of stocks traded on the London Stock Exchange FTSE Initial Public Offering – floating a previously private company on the Stock Exchange IPO

Terminology Mergers and Acquisitions M&A A computerised system of trading, but without a trading floor. Buyers and sellers communicate electronically Nasdaq New York Stock Exchange NYSE Portable Document Format PDF Price-earnings ratio. The most common measure of how expensive a stock is. Also known as earnings ratio P/E ratio Return on Investment ROI Securities and Exchange Commission SEC Securities and Financial Derivatives SFDR Senior Investment Banker SIB Technology/Media/Telecoms TMT