In the span of about a week, Raymond James leapt from being the fourth-largest investment banking operation to the largest in terms of market capitalization, even though at $4.58 billion, it is dwarfed by the former bulge-bracket firms that have now completed the 75-year-plus journey from commercial bank, to investment bank, to commercial bank again.
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4 comments:
Wow, that is a pretty cool looking graph you created there.
www.anonymize.us.tc
I like eye candy!
That's just not true. Morgan Stanley, alone, has a 31 billion market cap today; more than the entire 'now' graph.
goldman and morgan stanley are no longer investment banks, but now regulated bank holding companies (think greater stability, less complexity, more regulated)
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