Hints and tips:
...“With the monies that have moved into cash, there is a high probability that some of that will stay in cash for much longer than it should,” said Sinead Colton Grant, chief investment officer of BNY Mellon...
...Hawken....
...“It’s a real headwind,” said Brennan Hawken, an analyst at UBS....
...“You can’t annualise any quarter at Goldman because there’s too many components that are so volatile,” said Brennan Hawken, an analyst at UBS....
...Brennan Hawken, analyst at UBS, said the deal indicated that Morgan Stanley’s $900m acquisition of employee stock plans provider Solium a year ago was “going very well” and “is strong channel for customer...
...“This would be a very large deal for Schwab and carries a lot of execution risk,” Mr Hawken said....
...“They are two companies that are in different stages of transforming themselves for a new world,” said Brennan Hawken, an analyst at UBS. “This is the before and after picture.”...
...“There was a hope that there might be a bit more specificity provided,” said Brennan Hawken, analyst at UBS....
...Mr Cohn, president and chief operating officer, had long been seen as the heir apparent to Lloyd Blankfein, who had run the Wall Street bank since 2006....
...“These rule changes could have [a significant impact] on [Invesco’s] large active business in the region,” Mr Hawken says....
...Other board members include Wang Shengli, a retired veteran military officer and former air defence official....
...Investors are starting to realise that “personnel is policy”, said Mr Hawken....
...“Hard to put lipstick on these results,” wrote Brennan Hawken, analyst at UBS, in a note to clients....
...His replacement as chief executive, Tim Sloan, joined Wells 29 years ago and has been its president and chief operating officer for almost a year....
...Brennan Hawken, banking analyst at UBS, said: “Expectations have finally been ratcheted low enough. Is it anything better than good? No.”...
...John Gerspach, chief financial officer, argued that despite quarter-by-quarter fluctuations Citi had “momentum” to “get to where we know we need to get to”....
..."My assumption is we’ll be talking about this all year,” said John Shrewsberry, chief financial officer....
...Gary Cohn, president and chief operating officer, talked recently of “constant evaluation” of the FICC business, where the global revenue pool has roughly halved over the past five years, squeezed by tougher...
...Mr Dimon's commentary was "as bullish as you can be in a market environment like this," said Brennan Hawken, analyst at UBS in New York....
...The big banks thought they were building “Panzers” after the crisis, said Brennan Hawken, analyst at UBS in New York....
...“It’s a similar phenomenon in the US,” said Brennan Hawken, a banks analyst at UBS. “Do you really want to be a credit card underwriter right now in the Dakotas?”...
...Morgan Stanley’s big challenge remains to “right-size and refine” its investment bank, said Brennan Hawken, analyst at UBS, before the release of Monday’s results....
...Brennan Hawken, an analyst at UBS, said investors would “look through” the litigation charge, as it did not affect capital....
...Its contributors and main audience are senior police officers and government officials. Yes, drug reform has gone mainstream....
...However, Gary Dugan, chief investment officer of Merrill Lynch Global Wealth Management, urges caution: “There’s a wave of investors buying high-yielding equities. This is optimistic....
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