Boutique investment banks snatched fees away from their larger rivals by taking central roles in two of this week's largest deals. Frank Quattrone's Qatalyst Partners, in particular, has had a windfall week, working on both Hewlett-Packard Co's (HPQ.N) $11.7 billion deal to purchase Autonomy Corp (AUTN.L) and Google's $12.5 billion purchase of Motorola Mobility Holdings. (MMI.N). Boutique Perella Weinberg Partners landed along with Barclays (BARC.L) in advising Hewlett-Packard. Autonomy said Qatalyst was its lead financial adviser, but Citigroup Inc (C.N), Goldman Sachs (GS.N), Bank of America (BAC.N) Merrill Lynch, UBS (UBS.N) and JPMorgan Chase (JPM.N)also advised the company on the deal.
Hewlett-Packard Company (HP) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Shares of HPQ fell by 5.99% or $-1.88/share to $29.51. In the past year, the shares have traded as low as $29.75 and as high as $49.39. On average, 21902100 shares of HPQ exchange hands on a given day and today's volume is recorded at 95785912.
Motorola Mobility Holdings, Inc. is a provider of technologies, products and services that enable a range of mobile and wireline digital communication, information and entertainment experiences. Shares of MMI fell by 0.73% or $-0.28/share to $37.85. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 6861590 shares of MMI exchange hands on a given day and today's volume is recorded at 22091888.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C fell by 6.26% or $-1.87/share to $27.98. In the past year, the shares have traded as low as $26.25 and as high as $51.50. On average, 45162000 shares of C exchange hands on a given day and today's volume is recorded at 79436160.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a bank holding and a financial holding company. Shares of GS fell by 3.51% or $-4.11/share to $113.14. In the past year, the shares have traded as low as $110.04 and as high as $175.34. On average, 6937070 shares of GS exchange hands on a given day and today's volume is recorded at 9288622.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 6.03% or $-0.45/share to $7.01. In the past year, the shares have traded as low as $6.31 and as high as $15.31. On average, 194500000 shares of BAC exchange hands on a given day and today's volume is recorded at 334879744.
UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. Shares of UBS fell by 8.34% or $-1.22/share to $13.41. In the past year, the shares have traded as low as $13.21 and as high as $20.08. On average, 4249260 shares of UBS exchange hands on a given day and today's volume is recorded at 7556049.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 3.77% or $-1.38/share to $35.19. In the past year, the shares have traded as low as $33.69 and as high as $48.36. On average, 38631500 shares of JPM exchange hands on a given day and today's volume is recorded at 57130248.
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