Sign in

Matt Smith

Managing Director and Senior Equity Research Analyst at Bank of America

Matt Smith is a Managing Director and Senior Equity Research Analyst at Bank of America, specializing in North American utilities and infrastructure sectors. He provides coverage on leading energy and utility companies including NextEra Energy, Dominion Energy, Exelon, and Duke Energy, earning recognition for his accurate calls with a TipRanks success rate exceeding 65% and an average annual return above 9%. Matt began his investment research career in the early 2000s, advancing through roles at J.P. Morgan and Barclays before joining Bank of America in 2016. He holds FINRA Series 7, 63, 86, and 87 licenses and has been recognized in Institutional Investor rankings for his industry expertise.

Matt Smith's questions to OMV AKTIENGESELLSCHAFT /FI (OMVKY) leadership

Matt Smith's questions to OMV AKTIENGESELLSCHAFT /FI (OMVKY) leadership • Q1 2025

Question

Matt Smith from Bank of America sought clarification on the Borouge Group International (BGI) floor dividend, asking if it was a fixed amount or a percentage of net income. He also asked about the drivers behind recent improvements in chemical spreads and their potential sustainability.

Answer

CFO Reinhard Florey clarified that the BGI floor dividend is a fixed amount of approximately $2.2 billion for the group, translating to about $1 billion net cash inflow for OMV. On chemical margins, Florey noted that opportunities arise from shifting the product mix towards higher-grade specialties. An executive added that OMV's integrated business model provides resilience, as weaker refining margins can lead to expanded margins for its European crackers.

Ask Fintool Equity Research AI

Matt Smith's questions to Lemonade (LMND) leadership

Matt Smith's questions to Lemonade (LMND) leadership • Q3 2024

Question

Matt Smith inquired about Lemonade's long-term strategy for its homeowners insurance line, asking if it will remain a shrinking part of the business or if there are plans to reaccelerate growth once market dynamics improve.

Answer

President Shai Wininger explained that while home is an important customer need, Lemonade will be selective, using a flexible model of its own paper, reinsurance, or third-party paper to manage volatility. He noted that the company's competitive advantage is more pronounced in other products like car and pet. However, he also pointed out that Lemonade is expanding its homeowners product on its own paper in European markets like France and the U.K., where catastrophe exposure is significantly lower.

Ask Fintool Equity Research AI