Risk versus reward once again worked in Goldman's favor.
We're left out of the loop because we're actually a public corporation, not a local government. You have to go through a regional district or a city to apply.
Underwriting revenues and M&A activity picked up as 2003 progressed; 2004 is off to a strong start.
It's not a huge deal. It's a logical, low-risk entree into the equity underwriting business, ... The reality is that it is small for Chase, so if the bottom falls out, it's going to nick them only a couple of pennies.
At $40, (Bank of America) trades at the low end of the valuation range for the CSFB Large Cap Banks, discounting a material earnings shortfall.
That's eight times the allowable limit.