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.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikoVUa-RiAvUbd8eB_23HrcdI_zoT33coAWfYVp2nNMoZaPlZq2tj-yg1RGoM8RDquf4fC88bycxOhH6LnSMxa0v8MLIrdX8K0AsehbcbGvUQPVTCUvlc8GZER2-nlbwIagKSy4lc7dBg/s400/Market-Cap.png)
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Wow, that is a pretty cool looking graph you created there.
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I like eye candy!
ReplyDeleteThat's just not true. Morgan Stanley, alone, has a 31 billion market cap today; more than the entire 'now' graph.
ReplyDeletegoldman 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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