Jeffery Harte Quotes (8 Quotes)

They're certainly looking to expand their wallet share to have a more important role with clients beyond stock trading. If they could acquire some loan- generating capacity, that would make sense.

No doubt Purcell has been under a lot of pressure as the stock has underperformed and the company has underperformed its peers,

Analysts have been raising estimates over the last three or four weeks as they've realized that fixed income was stronger than expected in the quarter.

The pig is already out of the barn as far as the effects of the yield curve on net interest margins. Margins will probably get modestly worse, but it won't be dramatic because the real negative impact has been absorbed.

The first quarter is seasonally always the strongest, but coming off the huge year we had in '03, people figured it (fixed income) would be fine, but nothing great. But it's done much better than expected, and that's important for these banks.

Management has done a really good job of delivering. Their business mix is still very favorable for where I think incremental growth will be next year, meaning equities, MA and retail brokerage.

It's now focused on the profitability of accounts instead of the number of accounts.

It will be a bit of a challenge for management, in that they probably don't want to sound too optimistic it's generally in their best interest to keep expectations moderate. At the same time, they don't want to sound too bearish on 2005.