Increasingly, firms have been adding expensive technology supports and perhaps haven't seen the real benefit of it, ... In the face of perhaps a slower revenue growth in the future, (profit) margins could become strained.
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This is an orderly belt-tightening. Expense growth has been overshadowed by strong revenue growth, ... What is really driving the issue here is that even the most optimistic firms cannot expect to sustain revenue growth at these levels.
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It looks like the shortfall was purely in the fixed-income area.
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Based on Topics: Faces Quotes, Future QuotesWhat is my life if I am no longer useful to others.
Johann Wolfgang von Goethe
The words of truth are always paradoxical.
Lao Tzu
From the top of the quarry cliffs, one could see the New Jersey suburbs bordered by the New York City skyline.
Robert Smithson