The pig is already out of the barn as far as the effects of the yield curve on net interest margins. Margins will probably get modestly worse, but it won't be dramatic because the real negative impact has been absorbed.
More Quotes from Jeffery Harte:
Management has done a really good job of delivering. Their business mix is still very favorable for where I think incremental growth will be next year, meaning equities, MA and retail brokerage.Jeffery Harte
No doubt Purcell has been under a lot of pressure as the stock has underperformed and the company has underperformed its peers,
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Analysts have been raising estimates over the last three or four weeks as they've realized that fixed income was stronger than expected in the quarter.
Jeffery Harte
It's now focused on the profitability of accounts instead of the number of accounts.
Jeffery Harte
They're certainly looking to expand their wallet share to have a more important role with clients beyond stock trading. If they could acquire some loan- generating capacity, that would make sense.
Jeffery Harte
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