A public company is one whose equity (shares) is available for the general public to purchase. This means than their shares are publicly traded on a stock exchange such as the NYSE or LSE, which means...
A proxy statement is a form that must be released to the SEC before a shareholder vote (typically before the annual shareholder meeting) to inform them of the details surrounding any issue. ...
Proprietary (or prop) trading is a high-risk form of trading where instead of acting on clients orders and receiving commission payments, the trader assumes his own position with the capital of the fi...
Profit and Loss (or PnL) is a common term used in trading and is extremely self-explanatory. It simply refers to the total profit or loss made by an individual or group over a certain time period....
Private Wealth Management or PWM is a service offered by institutions to high net worth individuals and firms. The services typically offered with private wealth management include:Inve...
Private Equity is one of the most vaunted types of work in finance and private equity interviews are notoriously challenging. The typical route into private equity is after having spent 2 ye...
Private Banking (PB) is a form of wealth management service offered to ultra-high net worth individuals ($5mm and upwards). The services offered by a private bank will include:Portfolio investmen...
A private company is one whose equity (shares) is not available for purchase on public exchanges, although they may issue stock. This means that the company is owned entirely by the employees and inve...
Principal is a term used when talking about debt and loans. The principal is the initial amount of loan which has to be repaid, and this is separate from any interest payments. For example, the face v...
Price to Earnings (P/E) is a financial metric which shows the ratio of a firm's current share price to its earnings per share. This is an extremely common multiple used to evaluate whether a company i...