On Monday, Shares of KeyCorp (NYSE:KEY), SUBTRACT -1.36% and closed at $12.35 in the last trading session. KEY stock opened its last trade at $12.54 and after floating in a range of $12.33 to $12.57. The company’s Market capitalization is $13.59 Billion with the total Outstanding Shares of 1.08 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $9.88 and reached to max level of $14.01. Pacific Crest Securities, the technology specialists of KeyBanc Capital Markets, recently released the results of its 2016 Private SaaS Company Survey, which show robust growth rates for private Software-as-a-Service (SaaS) companies. The survey also measured the tradeoff between growth and profitability faced by respondents, finding that one-in-four meet or exceed “The Rule of 40%,” a new and increasingly popular benchmark as shareholder attitudes have shifted away from “growth at any cost.”
Of the more than 330 private SaaS companies surveyed, the median GAAP revenue growth rate in 2015 was 44 percent, with 48 percent projected in 2016. When apart from companies with less than $2.5 million in revenue—those which tend to grow at a faster rate because of size—the median GAAP revenue growth rate in 2015 was 35 percent, with 36 percent projected in 2016.
In addition, one-in-four private SaaS companies of scale are operating at or above The Rule of 40%, a much talked about key measure of best-in-class SaaS company performance. The Rule of 40%, which is calculated by adding a company’s GAAP revenue growth rate and profitability margin, sets an important threshold for excellence as valuations in the sector have been more heavily scrutinized by shareholders.
JPMorgan Chase & Co. (NYSE:JPM), DROPPED -.0.53% and closed at $67.17 in the last trading session. JPM stock opened its last trade at $67.42 and after floating in a range of $66.74 to $67.79. The company’s Market capitalization is $241.83. Billion with the total Outstanding Shares of 3.58 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $52.50 and reached to max level of $69.06. JPMorgan Chase is more than doubling the size of its global Small Business Forward program, it declared recently, by committing $75 million over the next three years to support women, minority and veteran-owned small businesses. This includes a $1.9 million grant to the Association for Enterprise Opportunity (AEO) to support its programs to connect small business owners with alternative funding sources when they are unable to qualify for traditional loans.
Small businesses are growing fastest among people of color, particularly Latinas and African American women. Yet, despite their importance to the economy, research shows minority-owned businesses rely significantly more on investments of personal or family wealth than on outside debt or equity. Exacerbating this challenge, only 16 percent of conventional small-business loans go to women entrepreneurs, and despite the higher startup rate for African-American owned businesses, these businesses received less than two percent of SBA loans in 2013.