Investment banking continues to be pretty strong pretty much for all these players. Goldman yesterday talked about a record backlog and I think that would also be true for Lehman. Morgan Stanley will be reporting tomorrow. That's been a pretty steady drumbeat. Underwriting activity was a little slower. Fixed income business has been picking up with the Federal Reserve seeming to go on hold.
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Sometimes maybe we want them to get in a little bit bigger hurry, but you just have to understand that it really is hot out there, so you can't work as hard as you normally would.David Berry
There's a lot of faith and confidence in this management team. This may be more change in executive suite than investors are happy to see.
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There was a three- or four-day period (after the NFC title game) where we were getting pretty frazzled. Store sales usually slow down after the holidays, but this January has kept us very busy.
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I have often been adrift, but I have always stayed afloat.
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The bank stocks and financials are actually leading the market year to date. I tell you six months ago it was a totally different picture. We were in the hole. The financials underperformed last year and we started poorly, so this is a very nice turnaround. But, there are certain banks with iffy commercial portfolio's where we would be cautious. There are some regional banks that we like, too. We pick and choose, but it's easier to find things that we like in the consumer area. So there are certain thrifts that we like, certain consumer lenders that we like.
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These guys work pretty hard, so if they need to take a break we let them take a break, especially this time of year when we are really really busy.
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Based on Topics: Investment QuotesBased on Keywords: drumbeat, lehman, underwriting
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