This selection clearly indicates that Mellon is not for either sale or dismemberment. It is more likely to go on an acquisition binge. |
This transaction, if it occurs, would be a major plus for the company. |
Trading is the biggest business in the world, one of the fastest-growing and one of the best, and Merrill has been behind the curve here. This quarter shows that Merrill is catching up to where it needs to be. |
Treasury prices have been rising and oil is up and down, |
with a healthy dose of skepticism. |
You don't make money on trades, |
You have to have scale in this business. By doubling the size of their credit-card business, Bank of America will lower their cost of handling each individual account. |