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MGT441H5F: Financial Modelling

A guide for MGT441 students conducting research for their group investment research project.

BLOOMBERG: THE BASICS

Bloomberg logo

Bloomberg offers:

  • close-to-real-time and historical public company, industry, market and economic data;
  • charting and portfolio management applications;
  • real-time news from hundreds of sources, including Bloomberg's own newswire service, and
  • industry intelligence and market research licensed from hundreds of third-party suppliers.

Bloomberg is normally only available in the FLC on our three terminals.  While the FLC is closed, we are providing remote access to Bloomberg terminals through a special web-enabled service.  

To access Bloomberg remotely, please follow these steps:

  1. Ensure you have an active Bloomberg Terminal account (see below for details).
  2. Reserve a 1-hour time-slot on the FLC's booking calendar for Bloomberg.
    • Our system for remote access to Bloomberg only supports one user at a time; using Bloomberg without booking in advance may 'bump' other users.  Please respect your fellow users and reserve in advance.
  3. Download Citrix Workspace also known as Citrix Receiver) from here; this is required to access Bloomberg.  NOTE: Bloomberg usually recognizes that this software has been pre-installed.  If not, you may need to delete your existing Workspace application and re-install it from the link provided above.
  4. Log-in to Bloomberg at your reserved time. 
  5. Click on the Citrix Receiver (.ica) file to launch Bloomberg.
  6. Log-off from Bloomberg at the end of your session.

At the start of your reserved session, visit: https://bba.bloomberg.com/ to log-in. 

Remember: Bloomberg will send a validation code each and every time you log in to authenticate you as a user - please check your official University email account or your cell phone for the required passcode.

NOTE:  Access to Bloomberg will be changing soon!  Because of recent changes to how Bloomberg is enabling remote access, we are working with our sister finance labs at the St. George and Scarborough campuses to redesign the process for accessing Bloomberg.  We will notify all students once this new process becomes operational.

BLOOMBERG: ACCOUNTS

You will need an active Bloomberg Terminal account in order to access Bloomberg remotely.  Please ensure you have an active existing OR new account BEFORE your session starts.

If you do not already have a Bloomberg Terminal account, please do the following:

  1. Visit the Bloomberg Education Portal.
  2. Sign up for a Bloomberg Market Concepts (BMC) account with your university email account, i.e. firstname.lastname@utoronto.ca
  3. Log into BMC and click the 'Terminal Access' tab from the top menu bar
  4. Choose ‘Request a Terminal Login’ and complete and submit the form.
  5.  You will receive a message like this:

Shared Bloomberg Terminal Access message

  1. An employee of one of the three University of Toronto finance labs will review and authorize your account request within one business day of submitting this request.  Unfortunately, Bloomberg does not automatically notify you when your account has been authorized.  Please contact utm.lkcflc@utoronto.ca to confirm your account has been approved.

If you have an active Bloomberg Terminal account but have forgotten your password, please visit the Bloomberg Education Portal to reset your password.

If you have a Bloomberg Terminal account but it has been inactivated, please contact Bloomberg’s Help Desk at +1 416 203 5788. Other international Help Desk contacts can be found here.

If you experience other account issues, please contact Bloomberg’s Help Desk at +1 416 203 5788. Other international Help Desk contacts can be found here.

BLOOMBERG: COMPANY RESEARCH

Type the company's name or ticker symbol in the top search box (look for the blinking blue cursor) to locate your company.  Bloomberg will auto-suggest matches as you type.  Almost all companies will be listed under 'Securities'. 

Use the Equities menu to drill down to various kinds of information about a company.  These may include:

  • DES: Descriptive company information
    • Click on the 'More...' at the end of the brief description to link to the full Hoover's profile (not available for all companies)
    • Click on 'BI Research Primer - BICO' to view the Bloomberg Intelligence company primer with in-depth analysis and data-based insights about a company (only available for large public companies covered by Bloomberg Intelligence)
       
  • CN: News about the company
    • Filter news results using 'Top News' or 'Background & Opinion' tabs on the right-hand side OR use 'AI News Importance' scroller bar
    • Use the filters above the headlines - 'Sources', 'All Dates', My Lang' (language), 'Time' - to also filter your search results
    • Use the yellow search-box to search for stories referencing a specific keyword
       
  • FA: Statement and ratio data, together with specialized ESG (environmental, social and governance) data
    • Use the tabs to view the data available
    • Use the red pull-down Actions menu to customize an existing report or template or create your own from scratch
    • Use the red pull-down Export menu to download data
       
  • BRC: Investment research reports that can be downloaded as PDFs
  • EE: Earnings & estimates
  • RV:  Relative valuation of target company
    • Comps sheets compare companies against a variety of metrics, including equity valuation and ESG
    • Use the wheel icon to add data to a report

Look for the red bar for 'Export' or 'Save' options when using most functions.