MA is not going to be enough to carry the day for investment bankers as far as earnings go.
More Quotes from Diana Yates:
We have been saying for some time that a bank is not a bank, ... and I think you are will hearing more of this, you know, look back at the Fed and what they had to regulate had 10, 20 years ago, it's totally different from a bank today, with the full financial service mix of products.Diana Yates
This is not a surprise. They had hinted they were going to do that that was one of the things they need to do to accomplish double-digit earnings growth, ... I would think Citigroup has a lot of potential to cut out some expenses when you look at all the mergers over last couple of years.
Diana Yates
It's more their diversification. The business revenue mix is not all from the IPO activity.
Diana Yates
This gives them a good platform to build on, but I don't think this is the last deal you'll see, ... You'll continue to see them building on these types of transactions.
Diana Yates
The key with Merrill is they're not as dependent on some of the venture capital private equity gains some of these companies earned earlier in the year, but have now lost.
Diana Yates
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