Financial

Loans are not securities

May 22, at Kirschner v. JPMorgan Chase Bank, NA, the SDNY applied the “family resemblance test” articulated by the Supreme Court in Reves v. Ernst & Young to conclude that the syndicated loans were not securities for securities law purposes. (For a detailed discussion, see our Memo customers and friends.) …

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Qudian (QD) releases Q4 online EPS, revenue beats

Qudian (QD) releases Q4 online EPS, revenue beats

News and research before you hear about it on CNBC and others. Claim your 1-week free trial for StreetInsider Premium here. Qudian (NYSE: QD) reported Q4 EPS of $ 0.39, in line with analysts’ estimate of $ 0.39. Revenue for the quarter was $ 109.4 million versus the consensus estimate …

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