(21 quotes found)
“This seems to be a case of Mack wanting to put his own team together, ... Stepping back, we'll have to wait and see if Mack is only targeting heads of troubled business units or former Dean Witter people or if he's in the process of gathering an entirely new team. Only time will tell.”
Brad Hintz
“We are probably at the point where the trading cycle is slowing, at least in North America, and it's tough to say investment banking will get better. But the retail and asset management businesses look really good. That's what's exciting to investors.”
“When you are investing in J. P. Morgan,”
“Physical pricing knowledge in crude and refined products represents the keys to the castle.”
“This is a business of reputation, and when chief executives are making M&A decisions that could affect their own career paths, they don't want to take a chance.”
“I would say they're the weakest trading house on Wall Street.”
“Trading expertise is something that you can purchase on the marketplace.”
“I look at my forecast and, frankly, I was off by $180 million on their investment-banking side. M&A did extremely well.”
“Investment banking is relatively easy to forecast, but the trading side is a tough one.”
“The story here is driven by poor trading results. Hanging on the horizon are these storm clouds that emerge from the trading business. Every quarter you are holding your breath.”
