The first quarter is seasonally always the strongest, but coming off the huge year we had in '03, people figured it (fixed income) would be fine, but nothing great. But it's done much better than expected, and that's important for these banks.
More Quotes from Jeffery Harte:
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.Jeffery Harte
It's now focused on the profitability of accounts instead of the number of accounts.
Jeffery Harte
No doubt Purcell has been under a lot of pressure as the stock has underperformed and the company has underperformed its peers,
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
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
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
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Based on Topics: People QuotesLove can no more continue without a constant motion than fire can; and when once you take hope and fear away, you take from it its very life and being.
Francois de La Rochefoucauld
I started at the age of 8 and have been lucky to be still working.
Mackenzie Astin
We should keep silent about those in power; to speak well of them almost implies flattery; to speak ill of them while they are alive is dangerous, and when they are dead is cowardly.
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