I think a lot of it had to do with fixed income, foreign exchange and derivatives, ... I think there will be a rebounding in capital markets in the second quarter. I expect them to bounce back with a more healthy investment banking business.
More Quotes from Andrew Collins:
It's time for the merger and acquisition activity to increase here, ... It's largely been proven acquirers that have done these deals and generally at very low premium multiples.Andrew Collins
I think you need to be selective in terms of the commercial banks. We've done a lot of studies in terms of credit quality in trying to figure out which ones really are at risk and which ones aren't. And I think that some of them are overly discounted at this point, like Chase Manhattan, Bank of America and Wells Fargo,
Andrew Collins
Overall the capital markets were not strong for the company J. P. Morgan,
Andrew Collins
Last year, we were the no-name team and we came out from nowhere. And this year, we have to keep our name and show people that we can still play.
Andrew Collins
They essentially lined up a really excellent group of heavy hitters to bolster their existing management.
Andrew Collins
From here on in we can start looking at some of the bank stocks (as targets), because investment banks are going to start looking at banks going in the reverse direction. Everybody wants to be a one-stop shop.
Andrew Collins
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Based on Topics: Business & Commerce Quotes, Capital QuotesBased on Keywords: derivatives
It has been more wittily than charitably said that hell is paved with good intentions; they have their place in heaven also.
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I sang for my family. And I think probably the first time I sang and got paid for it, I was about 6 or 7.
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