Tuesday, September 23, 2008

How Things Have Changed....

WSJ:
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:

  1. UnknownSeptember 23, 2008 at 6:07 AM

    Wow, that is a pretty cool looking graph you created there.

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    ReplyDelete
  2. Trading GoddessSeptember 24, 2008 at 12:21 AM

    I like eye candy!

    ReplyDelete
  3. Nick MolnarSeptember 24, 2008 at 1:22 AM

    That's just not true. Morgan Stanley, alone, has a 31 billion market cap today; more than the entire 'now' graph.

    ReplyDelete
  4. JakeSeptember 24, 2008 at 5:41 AM

    goldman and morgan stanley are no longer investment banks, but now regulated bank holding companies (think greater stability, less complexity, more regulated)

    ReplyDelete