We still like the company's competitive position but think that Bear Stearns is the most sensitive among its peers to rising rates, given its large fixed income franchise.
Quotes about stearns (6 Quotes)
So I got a job at Bear Stearns and Company, first as a runner, and then worked in the back office. And that's sort of how it all started.
Michigan Sentiment may be the key to activity today. Otherwise it may be a case for waiting for some confessional news next week and the next quarter's results from Morgan Stanley, Bear Stearns and Lehman Brothers often a good barometer of economic and business activity.
Bear Stearns reiterated its attractive ... We think Disney presents an attractive riskreward opportunity, the greatest risk being dead money for the next six months, barring any further downward revisions.
The union has to be made aware of the consequences of their actions. If they didn't strike, Bear Stearns wouldn't have needed to hire a charter bus in order to get their employees to work. Academy Bus wouldn't have had to subcontract it to AME.
Bear Stearns has been well run but undervalued for some time. They are best known for their fixed income business, and people are waiting for that to slow down as rates rise.