Financial DatabasesFMB 552E

Fall (2nd) 2016

Bloomberg: Introduction & Equity

Finance Topic: Share Repurchases

Note 4

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Introduction to Bloomberg

Coverage

Global real-time and historical financial market

data

Global economic data

Global financial, political, and business news

Analytics

Company financials

Customizable charting.

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Where to find Bloomberg

terminals?

Bloomberg terminals are available in

KOSCOM Data Center on the 3rd floor.

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Create Your Own Login ID

(Bloomberg Account)

https://www.youtube.com/watch?v=GNwYs-

HEiNk

You have to have your own login to get credits

for any assignments related to Bloomberg.

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Keyboard

Key function identified by color.

Yellow =Market Sector

Green=Action (execute)

Red=log on/off

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Log On/Off

Log On (Red Key)

Press <DFLT>

Enter Username and Password.

Press <GO>

Log off of Bloomberg using the following:

Press <DFLT>

<CANCEL> To reset a screen or cancel a current command

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KEY FUNCTIONS GREEN Action Keys

<GO> Activates all commands

<MENU> Return to previous menu

<MESSAGE> Send and retrieve messages

<NEWS> Access global online news service

<PRINT> Print any screen. For a multiple-page (e.g., 5) report, press

5<PRINT>. Type 9<GO> to print the whole report

<PAGE UP>/<PAGE DOWN> Navigate between pages

<PANEL> Switch screens

<CMND> See previous keywords you entered

<HELP> From whatever screen you are on (twice to chat with LIVE

customer service)

Type: GRAB <GO> E-mail your graph or chart

Type: LAST <GO> Your command history

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KEY FUNCTIONS YELLOW Market Sector Keys

<CMDTY> Commodities, futures, options, spot rates

<CORP> Corporate Debt

<CRNCY> Spots, futures, options on over 100 currencies

<EQUITY> Stocks, options, ADRs, mutual funds, warrants

<GOVT> Worldwide sovereign and agency securities

<INDEX> World financial markets, economic indices.

<M-MKT> Continuously issued and short-term dated paper

<MTGE> Mortgage-backed security pass-throughs

<MUNI> U.S. municipality issued debt

<PFD> Preferred stock of public companiesInmoo Lee 10

Data Items

Company (Equities and Bonds)

Financial Market Perspectives (Indices,

Commodities, Currencies, Government

securities, Economic statistics, etc.)

News

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Ways To Get Help

Bloomberg Search: SEAR <GO>

For general help

HELP <GO>

• Help menu

###<HELP>

• Help about the keyword ###

Use Live Help for instant reply (available only for

non-academic accounts)

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Useful resources

http://financelab.rotman.utoronto.ca/resources/

resources.asp?n=real-time-

applications&i=bloomberg

https://www.youtube.com/watch?v=LE8HiHZ

cgEE

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Equities

Equities Main Equities Menu: <EQUITY> <GO>

Choose 1) Securities & Help

Try 5) HELP EQTY

Current Markets/Monitors

Most Active Up/Down: MOST <GO>

World Equity Indices: WEI <GO>

Finding and Creating Securities

Ticker Symbol Look Up: TK (****) <GO>

• Example: to find tickers for Samsung, TK SAMSUNG <GO>

Type company name at cursor and press <HELP>

SEAR<GO> and enter company name

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Single Equity

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Other Useful

Corporate Finance Related Functions

WACC

Weighted Average Cost of Capital and EVA

CAST

Capital Structure Analysis

SPLC

Supply Chain Management

FA

Financial Analysis

ESG is under FA (8) Inmoo Lee 17

How to find calculations for all

available fields?

Enter FLDS <Go>

Search for the one you want: e.g., WACC

Click the one you would like to check

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CACT: Corporate Action Calendar

CACT <GO>

Can find a list of firms that have taken a

certain type of corporate actions such as equity

offerings, buyback, M&A and so forth

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News search

NI <GO>: List of news categories

NI BBK <GO>: Scrolling News: Buybacks

NI BBKNEW <GO>: Scrolling News: New

Buyback Programs

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Total returns

TRA <GO>

Total return analysis

COMP <GO>

Comparative returns

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Getting Useful Documents

BPS <GO>

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Single Equity – Insider Trading

Insider Filings History (Example using Intel (INTC))

Get company news about insider trading• INTC <EQUITY> CN WSA <GO>

WSA stands for The Washington Service which is a vender providing insider trading data (http://www.washingtonservice.com/Index.aspx)

Insider Transactions • INTC <EQUITY> GPTR<GO>

GPTR: Insider/Major shareholder transactions

Other insider trading related functions INSD <GO> (Insider trading monitor)

OWN <GO> (Ownership summary)

NI IBS <GO> (Scrolling news: Insider buying and selling)

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Single Equity – Options Monitor

INTC <EQUITY> OMON <GO>

Description

Click on the specific option you want and type DES < GO>

Historical options

Click on the specific option you want and type: HP <GO>

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Equity Comparative Analysis

Compare an Equity to an Index

Intel compared to 2 major indexes

• INTC <EQUITY> COMP <GO>

Compare an Equity to an Equity

FDX <EQUITY> UPS <EQUITY><GO>

• Choose one out of various options

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Equities – M&A

Bloomberg M&A Analysis

MA <GO>

• Mergers and Acquisitions Search

• M&A League Table Search

Mergers and Acquisitions Statistics

Mergers and Acquisitions News

Top Stories Corporate Finance

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Earnings analysis and equity

screening Earnings Analysis

BBEA <GO>

Equity screening EQS <GO>

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Screening criteria

(Browse fields)

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Share repurchases

The stock market positively reacts to the

announcement of a share repurchase.

Repurchasing firms outperform in the long-

run.

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Chan, Ikenberry and Lee (2004)

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Chan, Ikenberry and Lee (2004)

DIFF represents the difference in BHR returns between repurchasing and matching firms (in Panel A, the

BHR of repurchasing firms is reported on the left and that of matching firms is reported on the right inside

the parentheses).