Advertisement
UK markets close in 1 hour 38 minutes
  • FTSE 100

    8,036.34
    +12.47 (+0.16%)
     
  • FTSE 250

    19,683.33
    +83.94 (+0.43%)
     
  • AIM

    753.15
    +3.97 (+0.53%)
     
  • GBP/EUR

    1.1611
    +0.0022 (+0.19%)
     
  • GBP/USD

    1.2422
    +0.0071 (+0.58%)
     
  • Bitcoin GBP

    53,478.66
    +235.02 (+0.44%)
     
  • CMC Crypto 200

    1,423.52
    +8.77 (+0.62%)
     
  • S&P 500

    5,042.52
    +31.92 (+0.64%)
     
  • DOW

    38,381.04
    +141.06 (+0.37%)
     
  • CRUDE OIL

    81.58
    -0.32 (-0.39%)
     
  • GOLD FUTURES

    2,331.70
    -14.70 (-0.63%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • DAX

    18,060.47
    +199.67 (+1.12%)
     
  • CAC 40

    8,078.79
    +38.43 (+0.48%)
     

Better Buy: IBM vs. Kyndryl

Better Buy: IBM vs. Kyndryl

Last November, IBM (NYSE: IBM) completed its spin-off of Kyndryl (NYSE: KD), the managed infrastructure services segment of its Global Technology Services segment. Each IBM shareholder received one new share of Kyndryl for every five shares of IBM they held. IBM still retained 20% of Kyndryl's outstanding shares following the spin-off, but it plans to sell that entire stake this year.