A flat or inverted curve has been difficult for banks to manage. But if there are associated inflation expectations built into the lower end of the curve, it might make it easier for banks to price loans, so the cost of funds is less than the yield on their assets. |
Brazil is still a big wild card. |
I think he definitely has a shot. It was their goal at the beginning of the season. It would be a real nice victory. |
If they can get it executed well, it's a great diversification play for Capital One. |
It seems that the emphasis on expanding distribution outweighs the quest for positive operating leverage in the near term. |
Lehman hit the cover off the ball. |
Merrill saw the most pickup in traditional retail. Morgan Stanley still seems like the problem child. |
Our feeling is that Brazil will default in the next year and you could have a similar problem to what you had in Argentina. |
Stan O'Neal has rehabilitated Merrill over the last several years, but where is the next growth area? That's what people are wondering. |
Swiss bank accounts. If O'Neill is waking up and smelling the coffee, things must be really bad. |
The banks are saying that we expect bankruptcy law-related losses will subside because of the rush to file. But the undertone of credit quality is worsening. |
The brokers have been almost like the old Internet stocks. The stocks have been on a huge ride and they're starting to cool off and come back to reality. |
The end game is to sell out but they may want to do it at a higher valuation. The clock is sort of ticking on them but the company isn't feeling pressured to do something. |
The flat yield curve was really hurting them. |
The whole game now is just playing the yield curve. |