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Joe suggested Brown is biased because he "gets up in the morning, and what he does for a living is directly opposite of Morgan Stanley."
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Steve Weiss for some reason said he disagrees, stating JPM was "very company-specific" and that while they're affected by interest rates, there are things about them that make for individual stories ... and we're not at all sure how that equates to disagreeing with Jim.
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Weiss started to dig into what's really going on in this space. "You're seeing major compression in investment banking fees," Weiss said. Jim actually agreed, stating, "You're right, fees are compressing." But Jim added, "If the volume picks up as expected, investment banking could be a positive."
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Hi Margaret, Length: 277 pages Word Wise: Enabled Enhanced Typesetting: Enabled Benoit said, "essentially 2/3 of what can be redeemed is being pulled, and that's an unsustainable rate for anyone."
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