EverBank Financial Corp. today scored a valuation multiple of nearly 22x earnings in its sale to TIAA. No wonder the EverBank executive team said it was “excited” about the deal. That multiple (21.67x to be exact) will translate into a sale price of about $2.5 billion, when the deal finally closes, mostRead More
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Customers depositing $1,500 a month into their BankMobile accounts will automatically qualify for a VIP service, which includes refunding all ATM fees incurred, and access to a financial coach, the company announced today. The move signals the bank’s need for deposits and depositors. BankMobile’s explicit target group is millennials, but theyRead More