SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Analysts Exposed- Jamie Kiggen (DLJ)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brasco One who started this subject3/21/2001 1:47:30 PM
From: Mephisto  Read Replies (2) of 263
 
Donny, Wall Street blames Greenspan for their problems because the tumble in the markets hurts
them financially. Does anyone really believe that they care about us? Also, they blame Greenspan so they won't have to accept responsibility for bringing companies public that don't have
a chance for making profits in the near term. Consequently, they look for a scapegoat.
JMOP-Mephisto
............................................********************.................
DEALS FELL OFF THE CALENDAR IN THE FIRST QUARTER

Initial public offerings (IPOs) and mergers and acquisitions (M&A), which carry fees that feed Wall Street revenues, were down dramatically for the three months through Feb. 28, roughly the same period as the fiscal first quarters of the three investment banks.

The value of announced mergers fell by more than half, down to $482.5 billion from a staggering $1.07 trillion, according to market research firm Thomson Financial Securities Data.

IPOs have been yanked by companies scared away by plunging markets. By last Friday, 63 companies had withdrawn or postponed their deals this year, compared with only 21 withdrawn IPOs between January and March 2000.

All three companies felt the hit as investment banking revenues dropped dramatically, but their shares all traded higher on the New York Stock Exchange after the announcement of their results.

Above excerpt from Wall Street Firms' Profits Tumble

By Brian Kelleher

biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News