A bull market can cover a lot of sins and cultural issues. |
Also when we look at the market share that it was able to keep this year in a pretty poor environment, we think that is also key. And that the company will come out very strong given a good economic and market recovery into 2002, |
Goldman Sachs and Morgan Stanley, for example, came out with [lower] earnings that didn't really shock anyone, |
It's giving everybody an opportunity to do some spring cleaning. |
It's more their diversification. The business revenue mix is not all from the IPO activity. |
It's more their diversification. The business revenue mix is not all from the IPO activity. |
M&A is not going to be enough to carry the day for investment bankers as far as earnings go. |
The Citigroup deal did mean a lot to bankers across all types of spectrums, ... The perception is that bigger is better. |
The key with Merrill is they're not as dependent on some of the venture capital private equity gains some of these companies earned earlier in the year, but have now lost. |
The strong are getting stronger. There are more opportunities to buy at a cheaper price. |
The third quarter will be the bottom, |
The Y2K concern just never really came to be, ... There doesn't appear to be any slowdown. It's definitely looking like this is going to be a trend. |
Their earnings are coming out today. They're in the midst of merger activity, they have grown their franchise from $6 billion to $75 billion with acquisitions here in St. Louis. The ... numbers will tell us more in the next say 12 months as they fully integrate (different) franchises. |
This gives them a good platform to build on, but I don't think this is the last deal you'll see, ... You'll continue to see them building on these types of transactions. |
This is a wake-up call that boards no longer do deals for the people at the top but for what is best for the shareholders. |