Diane Glossman Quotes on Business & Commerce (3 Quotes)

Everyone has been harmed by the terrorist attack. But fixed income has been the bright light of the businesses.

You have to consider concerns about the economy and interest rates. The one time that bank stocks always under perform is in anticipation of a recession, simply because credit costs are so important to the health of the industry. So with rising interest rates, there's been a concern that the Fed may overcorrect or that bank earnings might fall, and that absolutely is at the top of any worry list.

The impact of capital markets wasn't all negative, and they saw solid improvement in credit quality in their commercial business.